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  5. Stocks to watch, January 14: JSW Energy, HCLTech, Shoppers Stop, HDFC AMC, Himadri Speciality, Delta Corp, and more

Market News

Stocks to watch, January 14: JSW Energy, HCLTech, Shoppers Stop, HDFC AMC, Himadri Speciality, Delta Corp, and more

Upstox
By Upstox News Desk

4 min read | Updated on January 14, 2025, 07:51 IST

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SUMMARY

HCLTech on Monday reported a 5.54% growth in consolidated net profit to ₹4,591 crore for the December quarter of the 2024-25 financial year. Revenue from operations for the quarter under review came in at ₹29,890 crore, 5.07% higher than ₹28,446 crore in Q3 FY24.

Stock list

HSCL
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SHOPERSTOP
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DELTACORP
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HDFCAMC
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On Monday, JSW Energy announced it had emerged as a successful applicant to acquire KSK Mahanadi Power Company.

On Monday, JSW Energy announced it had emerged as a successful applicant to acquire KSK Mahanadi Power Company.

Stocks to Watch: At 7:29 AM, the GIFT NIFTY futures were trading at 23,276.50 levels, down 1.5 points, or 0.01%. This implies that the NIFTY50 index will open 114 points higher on Tuesday, January 14.

In the overnight trade, the Nasdaq fell on Monday, while the benchmark S&P 500 bounced off a two-month low and eked out a slight gain as US Treasury yields stayed elevated with investors dialing back expectations on the pace of rate cuts from the Federal Reserve.

The Dow Jones Industrial Average rose 358.67 points, or 0.86%, to 42,297.12; the S&P 500 gained 9.18 points, or 0.16%, to 5,836.22; and the Nasdaq Composite lost 73.53 points, or 0.38%, to 19,088.10.

Here is a list of stocks that may remain in focus today.
Earnings today: As many as 11 companies are slated to release their financial results for the quarter ended December 31, 2024 (Q3 FY25). The list includes names such as HDFC Asset Management Company, Network18, Shoppers Stop, and Hathway Cable & Datacom.
HCL Technologies: HCLTech on Monday reported a 5.54% growth in consolidated net profit to ₹4,591 crore for the December quarter of the 2024-25 financial year. Revenue from operations for the quarter under review came in at ₹29,890 crore, 5.07% higher than ₹28,446 crore in Q3 FY24.

Sequentially, profit and revenue rose 8.4% and 3.56%, respectively.

JSW Energy: On Monday, JSW Energy announced it had emerged as a successful applicant to acquire KSK Mahanadi Power Company, which owns 3,600 MW thermal power plants, under insolvency proceedings.

This follows the approval by the Committee of Creditors, with the closure of the transaction subject to the necessary regulatory approvals from the National Company Law Tribunal and Competition Commission of India, a company statement said.

Delta Corp: The company on Monday reported a 3.62% jump in consolidated net profit at ₹35.73 crore in the third quarter of the current fiscal year, compared to ₹34.48 crore in the year-ago period, the gaming and hospitality firm said in an exchange filing.

The stock filing said the firm’s revenue declined 7.51% to ₹194.33 crore in the reported quarter over ₹210.13 crore in the same period of the previous financial year.

The firm had posted a revenue of ₹187.65 crore in the previous quarter.

Den Networks: Den Networks Ltd on Monday (January 13) reported a 14.6% year-on-year (YoY) decline in net profit at ₹40.3 crore for the third quarter that ended December 31, 2024.
Himadri Speciality: Himadri Speciality Chemical on Monday reported a 31.55% jump in its net profit to ₹141.94 crore in the quarter that ended on December 31.

The company had reported a net profit of ₹107.89 crore in the corresponding period of the previous year.

It also reported a 7.53% growth in revenue to ₹1,131.81 crore, as compared to ₹1,052.51 crore in Q3FY'24.

Angel One: Angel One on Monday reported an 8% jump in its December quarter consolidated net profit at ₹281.47 crore versus ₹260.31 crore reported in the year-ago period.

Revenue from operations came in at ₹1,262.20 crore, up 19.2% from ₹1,059.04 crore posted in the corresponding quarter of the previous financial year.

Anand Rathi: Anand Rathi Wealth Ltd on Monday reported a 33% year-on-year surge in consolidated net profit at ₹77.3 crore in the December quarter.

The company had posted a profit of ₹58 crore in the year-ago period.

In a statement, the company said its total revenue for the quarter under review stood at ₹244.2 crore, a 30% year-on-year (YoY) growth from ₹187.3 crore in the same period last year.

United Spirits: Ms. Hina Nagarajan will be taking up a new role within the Diageo group and has accordingly tendered her resignation as (i) Director (ii) Managing Director and (iii) Chief Executive Officer of the company effective end of day 31st March 2025. Effective 1st March 2025, Mr. Praveen Someshwar has been appointed as Chief Executive Officer - Designate.
BEL: Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL), has secured additional orders worth ₹561 crore since the last disclosure on December 23, 2024.
Zee Media: The company said its board of directors has approved a plan to raise funds of up to ₹400 crore via various instruments, including equity shares, convertible bonds, debentures, warrants, preference shares, or foreign currency convertible bonds (FCCBs).

Further, the board has also approved a proposal to increase the shareholding limits for foreign portfolio investors (FPIs) and foreign institutional investors (FIIs) from the current 24% to 49% of the paid-up share capital.

(With inputs from Reuters)

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