Stocks to Watch: Amidst the selling pressure from most of the world’s markets, GIFT Nifty is still showing signs of resumption of trading with a decline in the domestic market. A trading day ago, Sensex closed at 77,378.91 with a fall of 241.30 points or 0.31% and Nifty closed at 23,431.50 with a slip of 0.40% or 95.00 points. Now if we talk about individual stocks today, the business results of some companies will come today, while the results of some have already come, due to which there may be movement in them and if two stocks are listed, there may be strong movement in some due to corporate action. Here we are talking about them.
business results coming today
HCL Technologies, Anand Rathi Wealth, Angel One, Delta Corp, Den Networks, Himadri Specialty Chemical, Lotus Chocolate Company, Marathon NextGen Realty, Urja Global, Sarthak Industries and Sri Jayalakshmi Autospin will release their December quarter results today.
quarterly results
Avenue Supermarts-DMart Q3 (Consolidated YoY)
D Mart’s parent company Avenue Supermarts’ consolidated profit increased by 4.8% to Rs 723.7 crore and revenue increased by 17.7% to ₹ 15,972.5 crore in December quarter. EBITDA increased by 8.7% to ₹ 1,217.2 crore but margin fell by 0.70 percent to 7.6%. But he came. The board has approved the appointment of Anshul Asawa as CEO from March 15, 2025. The tenure of Ignatius Navil Noronha as MD will end next year till January 31, 2026, after which Anshul will become the MD and CEO of the company.
In the December quarter, Just Dial’s profit increased by 42.7% year-on-year to Rs 131.3 crore and revenue increased by 8.4% to Rs 1287.3 crore, EBITDA increased by 43.4% to Rs 86.6 crore and margin increased by 7.40 percent to 30.1%.
PCBL Q3 (Consolidated YoY)
In the December quarter, PCBL’s consolidated profit fell by 37.07% year-on-year to Rs 93.1 crore, but during this period, revenue jumped by 21.3% to Rs 2,010 crore and EBITDA also increased by 13.7% to Rs 317.3 crore. However, the margin slipped 1 percentage point to 15.8%. The company has also announced an interim dividend of Rs 5.50.
Equinox India Developments Q3 (Consolidated YoY)
Equinox India Development posted a profit of Rs 22.2 crore in the December quarter compared to a loss of Rs 38.65 crore in the same period last year. During this period, revenue jumped by 177 percent to Rs 278.5 crore.
Stocks To Watch: Eyes will be on these stocks today
Slum Rehabilitation Authority, Brihanmumbai has appointed Oberoi Realty as the developer for the development on 10,300 square meter land in Bandra Reclamation, Mumbai. This land belongs to Maharashtra Housing and Area Development Authority. The company expects to get a free-sale component of approximately 3.2 lakh square feet from the development and redevelopment of the land.
JSW Neo Energy, a subsidiary of JSW Energy, has completed the acquisition of 125 MW of renewable energy assets from Hetero Labs and Hetero Drugs under three special purpose vehicles (SPVs) for Rs 630 crore.
WARI Energies has entered into a share purchase agreement with Enel Green Power Development SRL to acquire 100% stake in Enel Green Power India for Rs 792 crore. Enel Green Power Development is one of the largest renewable energy companies in Europe, and Enel Green Power India is its Indian business.
Signature Global has purchased 16.12 acres of land in Gurugram, Haryana. About 27.3 lakh square feet area can be developed here.
Sudarshan Pharma Industries
Sudarshan Pharma Industries has received board approval to raise funds up to Rs 188.34 crore through preferential issue.
Poly Medicure has signed a joint venture agreement with AMPIN C&I Power to set up a solar power project in Haryana. Poly Medicure will have 26% stake in this. The project is to supply power to the company as a captive generation plant for its manufacturing facility in Haryana.
ICICI Lombard General Insurance Company
ICICI Lombard General Insurance Company has received a relief decision from the Income Tax Department, Mumbai in several tax related cases. Due to this, the company has got tax relief of Rs 174.61 crore. These cases were related to assessment years 2012-13, 2015-16, 2016-17 and 2017-18.
Adani Commodities, a promoter of Adani Wilmar, will now exercise the oversubscription option for 1.51 per cent stake in the offer for sale today, after oversubscribing the base offer size of 13.5 per cent stake. Thus, it is diluting its stake in Adani Wilmar to 15.01%. The floor price for the issue is Rs 275 per share.
Interarch Building Products
InterArc Building Products has received orders worth Rs 221 crore from Tata Projects in the semiconductor and lithium-ion battery sectors.
TACC, a subsidiary of HEG, has entered into a non-binding MoU with Ceylon Graphene Technologies for manufacturing graphene and related products.
NLC India Renewables, a subsidiary of NLC India, has signed a joint venture agreement with Assam Power Distribution Company for the development of solar power projects in Assam.
Indian Overseas Bank has invited expressions of interest from Asset Reconstruction Companies (ARC) by January 18, 2025 for 46 NPA accounts worth Rs 11,433.72 crore. E-auction of these NPAs will be held on January 30, 2025. Apart from this, the bank has increased the Marginal Cost of Funds Based Lending Rate (MCLR) by 0.05 percent for the period of three months, six months and one year and by 0.10 percent for the period of two years which will be effective from January 15.
Bank of Baroda has not made any change in the Marginal Cost of Funds Based Lending Rate (MCLR) for all tenures.
Ola Electric has received further requests for information from the Central Consumer Protection Authority (CCPA) in connection with its ongoing investigation into over 10,000 consumer complaints related to its electric two-wheelers.
Nodwin Singapore has divested its 100% stake in Ninja Türkiye to Nodwin Gaming Global FZCO (Nodwin UAE). Nodwin Gaming (Nodwin) is a subsidiary of Nadara Technologies and Nodwin Singapore is a wholly owned subsidiary of Nodwin, and Nodwin UAE is a wholly owned subsidiary of Nodwin Singapore.
Today, shares of Standard Glass Lining Technology are listed on BSE and NSE, while shares of Indobel Insulations are listed on BSE SME.
Today is the ex-date of the split of shares of Shardul Securities.
You will not be able to take new F&O positions in Bandhan Bank, Hindustan Copper, L&T Finance, Manappuram Finance, RBL Bank today.
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