Stocks to watch, January 20: Dixon Tech, Zomato, Paytm, Wipro, Tech Mahindra, MCX, IDBI Bank, Kotak Mahindra Bank, and more

At 7:34 AM, the GIFT NIFTY futures were trading at 23,287.50, up 12 points, or 0.05%. This implies that the NIFTY50 index will open 20 points higher.

On the global front, the US dollar was firm, and Asia's stock markets were cautiously positive on Monday as investors waited for an expected flurry of policy announcements in the first hours of Donald Trump's second presidency and eyed a rate hike in Japan at the end of the week.

Trump takes the oath of office at noon Eastern Time (1700 GMT) and promises a "brand new day of American strength" at a rally on Sunday.

1700 GMT means 10:30 pm Indian Standard Time (IST).

The lender had reported a net profit of ₹4,265 crore in the year-ago period and ₹5,044 crore in the preceding September quarter.

On a standalone basis, the private sector lender's net profit increased to ₹3,304 crore from ₹3,005 crore in the year-ago period but was marginally down compared with the September quarter's ₹3,343 crore.

The gross non-performing assets ratio increased to 1.50% from 1.49% three months ago.

The city-based private sector lender, which has had a difficult few quarters due to higher credit costs, reported a net profit of ₹231 crore in the preceding September quarter.

Its core net interest income grew by 3% to ₹1,585 crore, while the other income grew 38% to ₹1,073 crore aided by a stake sale in the NBFC DAM Capital.

Revenue of the company for the reporting quarter grew to ₹13,286 crore, rising 1.4% YoY and noting a 0.2% decrease on a sequential basis.

The company posted earnings before interest, taxes, depreciation, and amortisation (EBITDA) of ₹1,809 crore, marking a 57.8% increase from ₹1,146.5 crore posted in Q2 FY25.

Tech Mahindra's manufacturing sector recorded a decline of 7.2% YoY and 3.7% QoQ, while the BFSI segment grew by 8.3% YoY and 0.4% QoQ.

The Bengaluru-based tech major saw its revenue from operations inch up by 0.5% to about ₹22,319 crore.

For the coming March quarter, Wipro sees revenue from IT services business in the range of $2,602 million to $2,655 million, which translates into a sequential guidance of a decline of 1% to 1% growth, according to a regulatory filing.

It has declared an interim dividend of ₹6 per equity share/ADS. Wipro board has approved a revised capital allocation policy that increases the committed payout percentage to 70% or above in a block of three years.

The life insurance company promoted by SBI had earned a profit of ₹322 crore in the same quarter of the previous fiscal.

An increase aids the improvement in profit in new premiums and renewal premiums.

During the quarter, net premium income improved to ₹24,828 crore as against ₹22,316 crore in the same quarter a year ago.

The company had earned a consolidated net profit of ₹294 crore in the same quarter of the previous fiscal.

Total income increased to ₹449 crore, from ₹414 crore in the third quarter of the previous fiscal. Total expenses also witnessed a year-on-year increase at ₹131 crore as compared to ₹99 crore in the same quarter a year ago.

The company earned a net profit of ₹431 crore in the same period a year ago.

Its gross direct premium income for the quarter declined to ₹6,214 crore against ₹6,230 crore in the year-ago period.

The solvency ratio was 2.36x as of December 31, 2024, compared to 2.65x as of September 30, 2024, and higher than the minimum regulatory requirement of 1.50x.

Ashapura Minechem: The company's overseas subsidiary has entered into a long-term memorandum of understanding (MOU) with China Railway, a Global Fortune 500 Company, to jointly develop its Fako bauxite deposit in the Kindia region of Guinea.