Stocks to watch, January 17: Tech Mahindra, RIL, Infosys, Wipro, LTIMindtree, Jio Financial, Axis Bank, Havells, and more

At 7:59 AM, the GIFT NIFTY futures were trading at 23,324.50, down 1 point. This implies that the NIFTY50 index will open 54 pts lower.

On the global front, the tone in global stocks turned weaker on Friday as Asian shares tracked overnight losses on Wall Street, even as bond yields slid amid a revival in bets that the Federal Reserve will cut interest rates in June.

Japanese equities were standout underperformers, with the Nikkei on course for its worst week in three months, buckling under the weight of a resurgent yen amid rising bets for a Bank of Japan rate hike next week.

Its consolidated net profit of ₹18,540 crore, or ₹13.70 per share, in October-December—the third quarter of April 2024 to March 2025 fiscal year (FY25)—compared to ₹17,265 crore, or ₹12.76 a share, in the same period a year back.

Profit was also up sequentially from ₹16,563 crore in the July-September quarter.

The company's revenue from operations rose to ₹2.43 lakh crore from ₹2.27 lakh crore in October-December 2023.

The bank had earned a net profit of ₹6,071 crore in the October-December quarter of the previous year.

The bank's total income increased to ₹36,926 crore in the third quarter of the current fiscal from ₹33,516 crore in the year-ago period, Axis Bank said in a regulatory filing.

During the quarter, the bank's interest income rose to ₹30,954 crore from ₹27,961 crore in the same fiscal period.

The Mumbai-based firm had reported a profit of ₹1,168.9 crore in the year-ago period.

Revenue from operations saw a 7.14% increase to ₹9,660.9 crore in the third quarter of the current fiscal year, against ₹9,016.6 crore a year earlier.

Revenue from operations for the quarter under review came in at ₹41,764 crore, 7.58% higher than ₹38,821 crore in the third quarter of FY24, the company said in a regulatory filing.

"Our strong revenue growth sequentially in a seasonally weak quarter and broad-based year-on-year growth, along with robust operating parameters and margins, is a clear reflection of the success of our differentiated digital offerings, market positioning, and key strategic initiatives. We continue to strengthen our enterprise AI capabilities, particularly focusing on generative AI, which is witnessing increasing client traction," Infosys CEO and MD Salil Parekh said.

Further, the company revised its FY25 revenue guidance upwards to 4.5-5% from 3.75-4.5%.

It had posted a net profit of ₹64.23 crore in the October-December quarter of the preceding 2023-24 fiscal, the company said in an exchange filing.

The company's total income increased to ₹364.12 crore from ₹324.67 crore a year ago.

The company had incurred a net loss of ₹62.39 crore in the year-ago period, according to a BSE filing.

Total income rose to ₹1,842.67 crore from ₹610.31 crore in the same period a year ago.

SWREL is a global pure-play, end-to-end renewable engineering, procurement, and construction (EPC) solutions provider.

However, its revenue from operations rose 10.76% to ₹4,888.98 crore in the December quarter. It was ₹4,413.86 crore in the corresponding period of the last fiscal.

Havells India's total expenses increased 12.18% to ₹4,575.97 crore in the December quarter.

The total income of Havells India, which includes other income, also grew 10.81% to ₹4,953.31 crore.