Stocks to Watch: After the formation of Donald Trump’s government in America once again (Trump 2.0), there is greenery not only in the American market but in most of the markets of the world. There are indications of resumption of business with gains in the domestic market as well due to Gift Nifty. Even a trading day ago, amid strong signals globally, domestic equity benchmark index on Monday BSE Sensex rose by 454.11 points or 0.59% to 77,073.44 and Nifty 50 also rose by 0.61% or 141.55 points. With closed at 23,344.75 Was.
Now if we talk about individual stocks today, the business results of some companies will come today and the results of some have already come, due to which there may be movement in them. Apart from this, some may see sharp movement due to corporate action. Here we are talking about them.
Results coming today
ICICI Prudential Life Insurance Company, Tata Technologies, Dalmia Bharat, Aditya Birla Real Estate, Cyient DLM, India Cements, Indiamart Intermesh, Indoco Remedies, Jana Small Finance Bank, KEI Industries, PNB Housing Finance, South Indian Bank, Tanla Platform and UCO Bank Will release December quarter results today.
Results of these companies released
L&T Finance Q3 (Consolidated YoY)
L&T Finance’s consolidated profit fell 2% year-on-year to ₹626 crore in the December quarter but net interest income rose 11% to ₹2,041 crore. During this period, the net interest margin fell from 8.97% to 8.5%.
MCX Q3 (Consolidated YoY)
Multi Commodity Exchange (MCX) turned in a consolidated profit of Rs 160 crore in the December 2024 quarter compared to a consolidated loss of Rs 5.4 crore in the same quarter a year ago. During this period, revenue also jumped by 57.4% to ₹301.4 crore.
Oberoi Realty Q3 (Consolidated YoY)
In the December quarter, Oberoi Realty’s consolidated profit increased by 71.7% year-on-year to ₹618.4 crore, revenue jumped 34% to ₹1,411 crore and EBITDA increased by 68.1% to ₹856.1 crore. Margins went straight from 48.3% to 60.7%.
Dixon Technologies Q3 (Consolidated YoY)
In the December quarter, Dixon Tech’s consolidated profit increased by 122.8% year-on-year to ₹216.2 crore, revenue increased by 117% to ₹10,453.7 crore and EBITDA increased by 111.8% to ₹390.5 crore. However, the margin fell from 3.8% to 3.7%.
Sunteck Realty Q3 (Consolidated YoY)
Sunteck Realty reported a consolidated profit of Rs 42.5 crore in the December 2024 quarter compared to a consolidated loss of Rs 9.7 crore in the same quarter a year ago. During this period, revenue also jumped by 281% to ₹ 161.8 crore.
Jammu & Kashmir Bank Q3 (Standalone YoY)
Jammu & Kashmir Bank’s standalone profit jumped 26.2% year-on-year to ₹531.5 crore and net interest income rose 17.8% to ₹1,508.7 crore in the December quarter. On a quarterly basis, gross NPA jumped from 3.95% to 4.08% and net NPA increased from 0.85% to 0.94%.
Stocks To Watch: Keep an eye on these stocks
US drug regulator FDA (Food and Drug Administration) inspected the manufacturing facility of Cipla subsidiary Medispray Laboratories in Goa from January 14 to 20. After the completion of the inspection, Medispray received an observation in Form 483 from the USFDA.
Venus Remedies has announced the renewal of its European Good Manufacturing Practices (EU GMP) certificate from the National Authority for Medicines and Health Products in Portugal, INFORMED. This includes manufacturing facilities for cephalosporins, carbapenems and oncology formulations.
Prakash Industries has started mining work in Bhaskarpara commercial coal mine after getting permission from Collector (Mining Branch), Chhattisgarh. The company hopes that coal extraction will start from next month.
Bank of Baroda has agreed to transfer its depository business (demat) to its wholly owned subsidiary BOB Capital Markets for Rs 1.53 crore.
Torrent Green Energy (TGEPL), a subsidiary of Torrent Power, has setup its subsidiary Torrent Energy 37.
Luxury car seller Landmark Cars has received Letter of Intent from JSW MG Motor India to open new MG Select dealerships in Ahmedabad and Kolkata. At the time of launch, the company will introduce two models – MG Cyberster and MG M9 EV. More models will be introduced later. Sales are expected to begin by May 2025. This dealership will be established by the company’s subsidiary Aeromark Cars.
The board of Reliance Power has appointed Neeraj Parakh as the executive director and chief executive officer (CEO) of the company for three years from January 20.
Ugro Capital’s proposal to raise funds through non-convertible debentures on private placement basis will be discussed in the meeting on January 23.
REC’s subsidiary REC Power Development and Consultancy (RECPDCL) has transferred its entire stake in Rajasthan Part I Power Transmission along with all its assets and liabilities to Adani Energy Solutions.
Tata Consultancy Services (TCS)
TCS has opened a new delivery center in Toulouse, France to promote AI-powered transformation for the aerospace and defense industries.
Fitch has raised Vedanta Resources’ senior unsecured rating to ‘B+’ from ‘B-‘ and also changed the outlook to stable after a significant reduction in the company’s refinance risk.
Bulk Deals
Goldman Sachs Funds-Goldman Sachs India Equity Portfolio bought 13.86 lakh shares of Lakshmi Dental for Rs 75.66 crore at an average price of Rs 545.66. This stock was listed on 20 January.
Albula Investment Fund bought 2.2 lakh shares of MOS Utility at an average price of Rs 306.99 per share while Minerva Ventures Fund sold the same number of shares at an average price of Rs 307 per share.
Angel One shares will trade ex-dividend today.
Aditya Birla Fashion & Retail, Angel One, Bandhan Bank, Can Fin Homes, Kalyan Jewellers, L&T Finance, Manappuram Finance, RBL Bank will not be able to take new F&O positions today.
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