Stocks to Watch: The domestic equity market is expected to open flat on Wednesday, January 15.
At 7:49 AM, the GIFT Nifty futures were trading at 23,288, down 15 points, or 0.06%. This implies that the NIFTY50 index will open 16 points higher.
In the overnight trade, the Dow Jones Industrial Average rose 221.16 points, or 0.52%, to 42,518.28; the S&P 500 gained 6.69 points, or 0.11%, to 5,842.91; and the Nasdaq Composite lost 43.71 points, or 0.23%, to 19,044.39.
Here is a list of stocks that are expected to remain in focus today.
Earnings today: As many as 24 companies are slated to announce their December quarter (Q3 FY25) earnings today. The list includes names such as CEAT Ltd, HDFC Life, L&T Technology Services (LTTS), Bank of Maharashtra, Nelco Ltd, Oracle Financial Services Software Limited (OFSS), Punjab & Sind Bank, Reliance Industrial Infrastructure Limited (RIIL), Transrail Lighting, and Oriental Hotels.
Shoppers Stop:
Shoppers Stop posted a rise in quarterly profit on Tuesday, after two straight quarters of loss, driven by strong demand for premium products such as watches and perfumes during the festive season.
The department store chain said consolidated net profit rose nearly 41% to ₹52.23 crore ($6.03 million) for the third quarter ended December 31 from ₹36.85 crore a year ago. The company also posted a profit fall in the first three quarters of fiscal 2024.
Spending on beauty and lifestyle products surged during India's festive season between October and December, which typically accounts for the bulk of retailers' annual sales.
Hathway Cable & Datacom Ltd: On Tuesday, January 14, the cable television distribution company reported a 39.3% year-on-year (YoY) decline in net profit at ₹13.6 crore for the third quarter that ended December 31, 2024. The company's revenue from operations increased 1.3% to ₹511.2 crore against ₹504.6 crore in the year-ago period.
HDFC AMC: HDFC Asset Management Company (HDFC AMC) on Tuesday, January 14, reported a net profit or profit after tax (PAT) of ₹641.5 crore for the quarter ended December 31, 2024 (Q3 FY25).
The figure grew 31% year-on-year (YoY) as the company had registered a net profit of ₹489.6 crore in the year-ago period.
Revenue from operations for the quarter under review came in at ₹934.3 crore, up 39% from ₹671.3 crore in the corresponding quarter of the previous fiscal year.
The company's total income was ₹1,027.1 crore, up 26% from ₹813.7 crore registered in the December 2023 quarter.
READ MORENetwork18 Media: Network18 Media & Investments Ltd on Tuesday reported a loss of ₹1,400 crore in the December quarter while its revenue from operations was ₹1,360.50 crore, which is not comparable with the year-ago period due to the merger of its subsidiary Viacom18 with Star India.
PSU banks: Shares of state-run banks may remain in focus as, according to news reports, the government has approved a fundraising plan to the tune of ₹10,000 crore for five state-run lenders through the qualified institutional placement (QIP) route.
Other than the
Bank of Maharashtra, four other lenders, Punjab & Sind Bank, Indian Overseas Bank, UCO Bank, and Central Bank of India, have received approval to raise funds, CNBC-TV18 reported. These lenders may raise funds in small tranches starting in the fourth quarter of the financial year 2025.
Hindustan Zinc: Hindustan Zinc Ltd (HZL) on Tuesday (January 14) said it has been levied penalties totalling ₹92.55 crore by the Deputy Commissioner of State Tax, Udaipur.
Adani Green: Adani Renewable Energy Forty Eight Limited, a step-down subsidiary of Adani Green Energy Limited ("AGEL"), has commissioned a 57.2 MW wind power component of its wind-solar hybrid project at Khavda, Gujarat. With the commissioning of this plant, AGEL’s total operational renewable generation capacity has increased to 11,666.1 MW.
Sula Vineyards: Sula reported its highest-ever Own Brands revenue in Q3 FY25. The Elite & Premium portfolio recorded a 6%
YoY growth, led by a strong double-digit growth in iconic brands—the Source and RASA.
The wine tourism business demonstrated strong momentum, recording the highest-ever Q3 revenue, led by higher spend per guest and strong occupancy rates, it added.
Hero MotoCorp:
Hero MotoCorp has launched the new Destini 125. The new Hero Destini 125 will be available in three variants:
Destini 125 VX V (₹80,450), Destini 125 ZX V (₹89,300), Destini 125 ZX+ (₹90,300), introductory ex-showroom price in Delhi.
IRFC: IRFC has emerged as the L1 bidder for financing ₹3,167 crore for the development of the Banhardih Coal Block in Latehar District, Jharkhand. This project is being undertaken by Patratu Vidyut Utpadan Nigam Limited (PVUNL), a joint venture between NTPC Limited (74% equity stake) and Jharkhand Bijli Vitran Nigam Limited (26% equity stake).
Allcargo Gati: Total volume for December 2024, including surface and air express, stood at 113 kt, as compared to 105 kt during December 2023 and 102 kt during November 2024.
Morepen Laboratories: The company's board has considered and approved the hiving off of the Medical Devices Business, being an undertaking, to Morepen Medtech Limited, a subsidiary of the company, on a 'slump sale' basis as a going concern. This hiving off is subject to the receipt of requisite regulatory approvals, including approval of the members of the company, it added.
Jammu & Kashmir Bank Limited (J&K Bank): Capital markets regulator SEBI has issued an administrative warning letter to J&K Bank for regulatory non-compliance concerning the disclosure of the appointment of its MD & CEO.
The disclosure was made on December 25, 2024, at 4:53 pm with a delay of 1 hour 40 minutes beyond the stipulated timeline of 24 hours from the time for the occurrence of the event (RBI's approval), i.e., December 24, 2024, at 3:14 pm, SEBI's letter posted by J&K Bank on stock exchanges on Tuesday said.
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