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  5. Stocks to watch, January 16: Mastek, L&T Tech, Infosys, RVNL, RIL, Axis Bank, GAIL, LTIMindree, and more

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Stocks to watch, January 16: Mastek, L&T Tech, Infosys, RVNL, RIL, Axis Bank, GAIL, LTIMindree, and more

Upstox
By Upstox News Desk

4 min read | Updated on January 16, 2025, 08:36 IST

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SUMMARY

Shares of RIL will be on investors' radar as the company is slated to release its December quarter (Q3 FY25) results today. Analysts, as per news reports, forecast a mixed performance led by strong telecom earnings growth, improvements in refining margins, and moderate retail growth.

Stock list

RELIANCE
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MASTEK
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LTIM
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At 08:19 AM, the GIFT NIFTY futures were trading at 23,397, down 2.50 points, or 0.01%.

At 08:19 AM, the GIFT NIFTY futures were trading at 23,397, down 2.50 points, or 0.01%.

Stocks to watch: The domestic equity market is expected to see a gap-up start to trading on Wednesday, January 16. At 08:19 AM, the GIFT NIFTY futures were trading at 23,397, down 2.50 points, or 0.01%. This implies that the NIFTY50 index will open 131 points higher.
Here is a list of stocks that are likely to be in focus on Thursday, January 15.
Reliance Industries (RIL): Shares of RIL will be on investors' radar as the company is slated to release its December quarter (Q3 FY25) results today. Analysts, as per news reports, forecast a mixed performance led by strong telecom earnings growth, improvements in refining margins, and moderate retail growth.

RIL's Q3 revenue is expected to rise on a sequential basis, but the net profit is seen growing at a faster rate sequentially. Analysts also expect consolidated EBITDA to benefit from stronger refining margins and higher ARPU in digital services despite weakness in petrochemicals.

Axis Bank: The banking major is also expected to report its Q3 FY25 earnings today.
Infosys: Infosys, another Nifty50 company, will also report its Q3 results today. Analysts anticipate flat revenue growth for the quarter, with a slight sequential increase in net profit. Revenue is expected to rise by 5-6% year-on-year (YoY), reaching ₹41,150 to ₹41,250 crore. On a quarter-on-quarter (QoQ) basis, growth is likely to be marginal at 0.5-1%.

Investors will be watching closely for updates on revenue growth guidance for FY25, which could be revised upward from the 3.75-4.5% range announced in the previous quarter.

Other earnings: Apart from RIL, Axis Bank, and Infosys, a host of other companies are also slated to release their Q3 results today. The list includes names such as Alok Industries Ltd., Bhansali Engineering Polymers Ltd., D B Corp Ltd., Digicontent Ltd., Decillion Finance Ltd., G.G. Automotive Gears Ltd., G G Engineering Ltd., Hatsun Agro Product Ltd., Havells India Ltd., Hawa Engineers Ltd., Infosys Ltd., Julien Agro Infratech Ltd., Kesoram Industries Ltd., Khaitan Chemicals Fertilizers Ltd., Last Mile Enterprises Ltd., LTIMindtree Ltd., Mahesh Developers Ltd., Mastek Ltd., Metro Brands Ltd., Mudra Financial Services Ltd., National Standard India Ltd.

Onix Solar Energy Ltd., Pacheli Industrial Finance Ltd., Plastiblends India Ltd., Radhika Jeweltech Ltd, Sanathnagar Enterprises Limited, Sellwin Traders Ltd., Shekhawati Industries Ltd., Shemaroo Entertainment Ltd., Space Incubatrics Technologies Ltd., Spencers Retail Ltd., Sterling And Wilson Renewable Energy Ltd., Tti Enterprise Ltd. and Waaree Renewable Technologies Ltd.

CEAT: Tyre maker CEAT Ltd on Wednesday reported a 46.48% decline in consolidated net profit to ₹97.03 crore for the third quarter ended December 31, impacted by high raw materials costs.

The company had posted a consolidated net profit of ₹181.28 crore in the same quarter last fiscal.

Its consolidated revenue from operations stood at ₹3,299.9 crore against ₹2,963.14 crore in the year-ago period.

"While the rising raw material costs have impacted our margins, we progressively passed on part of the increase through price increases in select categories during the quarter," CEAT Ltd MD & CEO Arnab Banerjee said.

RVNL: The company has received a letter of acceptance from Bharat Sanchar Nigam Ltd (BSNL) for the development, upgradation, and maintenance of the middle-mile network of BharatNet. The total contract value stands at ₹3,622.14 crore, including operational expenses for a 10-year maintenance period. The project will involve a three-year construction phase followed by a maintenance period split into two five-year intervals.
Adani Group stocks: Stocks are expected to gain as Hindenburg Research, the US-based short seller that released a scathing report in January 2023, accusing the Adani Group and its Chairman Gautam Adani of “brazen” stock manipulation and accounting fraud, will be disbanded, said its founder Nate Anderson.

It is expected to have a positive sentiment.

HDFC Life: HDFC Life on Wednesday reported a 14% rise in net profit to ₹415 crore in the December quarter.

The private sector insurer's profit stood at ₹365 crore in the year-ago period.

However, total income declined to ₹16,914 crore in the latest quarter from ₹26,694 crore in the year-ago period.

The company's solvency ratio also declined to 188% from 190% as on December 31, 2023 as against the regulatory requirement of 150%.

GAIL: The company announced on Wednesday that it has reached a legal settlement with a former subsidiary of Russian energy giant Gazprom.

As part of the settlement, SEFE Marketing & Trading Singapore Pte Ltd will pay $285 million to GAIL, with the arbitration proceedings before the London Court of International Arbitration being withdrawn.

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Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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