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  5. Stocks to watch, January 21: Cyient DLM, Dalmia Bharat, Tata Technologies, L&T Finance, ICICI Prudential, Dixon Tech, and more

Market News

Stocks to watch, January 21: Cyient DLM, Dalmia Bharat, Tata Technologies, L&T Finance, ICICI Prudential, Dixon Tech, and more

Upstox
By Upstox News Desk

4 min read | Updated on January 21, 2025, 07:54 IST

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SUMMARY

L&T Finance Holdings on Tuesday reported a 41% jump in net profit to ₹640 crore for the December quarter, driven by retail loan sales. The Mumbai-based non-banking financial company (NBFC) had earned a net profit of ₹454 crore in the year-ago period.

Stock list

DALBHARAT
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At 7:40 AM, the GIFT NIFTY futures were trading at 23,416.00 levels, down 68 points, or 0.29%.

At 7:40 AM, the GIFT NIFTY futures were trading at 23,416.00 levels, down 68 points, or 0.29%.

Stocks to watch: The domestic equity market is expected to open with mild gains on Tuesday, January 21.

At 7:40 AM, the GIFT NIFTY futures were trading at 23,416.00 levels, down 68 points, or 0.29%. This implies that the NIFTY50 index will open 15 points higher.

Here is a list of stocks that may remain in focus today.
Earnings today: As many as 32 companies are slated to declare their financial results for the quarter ended December 31, 2024 (Q3 FY25).
The list includes names such as Cyient DLM, Aditya Birla Real Estate, Dalmia Bharat, ICICI Prudential Life Insurance Company, India Cements, IndiaMART InterMESH, Indoco Remedies, Rossari Biotech, PNB Housing Finance, South Indian Bank, Tanla Platforms, Tata Technologies, and UCO Bank.
IDBI Bank: On Monday, IDBI Bank reported a 31% growth in net profit to ₹1,908 crore in the December quarter, attributed to lower provisioning and better interest income.

The LIC-controlled bank reported a net profit of ₹1,458 crore in the year-ago period.

The bank's total income increased to ₹8,565 crore during the quarter under review from ₹7,514 crore in the same period last year.

The bank's interest income improved during the third quarter of the current fiscal year to ₹7,816 crore, as against ₹6,541 crore a year ago.

The net interest income improved to ₹4,228 crore as against ₹3,435 crore in Q3 of FY24.

Central Bank of India: State-owned Central Bank of India posted a 33% increase in its profit to ₹959 crore in the third quarter ended December 2024.

The bank had earned a net profit of ₹718 crore in the same quarter a year ago.

Total income increased to ₹9,739 crore during the quarter under review against ₹9,139 crore in the same period last year, the Central Bank of India said in a regulatory filing.

Zomato: Food delivery major Zomato, which owns Blinkit, reported a 57.2% decline in consolidated net profit to ₹59 crore for the third quarter ended December.

The company had earned a net profit of ₹138 crore in the same quarter a year ago.

The company's consolidated revenue from operations stood at ₹5,405 crore, as against ₹3,288 crore in the corresponding October-December quarter of the previous financial year.

However, during the quarter under review, Zomato's total expenses also shot up to ₹5,533 crore, from ₹3,383 crore in the corresponding period of 2023-24.

Indian Overseas Bank (IOB): State-owned Indian Overseas Bank (IOB) on Monday reported a 21% rise in net profit at ₹874 crore for the third quarter ended December 2024 on the back of a reduction in bad loans.

The Chennai-based lender had earned a net profit of ₹723 crore in the same quarter a year ago.

Total income increased to ₹8,409 crore during the quarter under review from ₹7,437 crore in the same period last year, IOB said in a regulatory filing.

L&T Finance: L&T Finance Holdings on Tuesday reported a 41% jump in net profit to ₹640 crore for the December quarter, driven by retail loan sales. The Mumbai-based non-banking financial company (NBFC) had earned a net profit of ₹454 crore in the year-ago period.

The net interest income (NII) of the NBFC grew 8% to ₹1,833 crore as compared to ₹1,693 crore in the same quarter in the previous year, L&T Finance Holdings Ltd said in a statement.

Dixon Technologies: The company on Monday reported a consolidated net profit of ₹217 crore in the December 2024 quarter, up 124 percent over last year.

It had reported a net profit of ₹97 crore during the same period of last fiscal.

The company’s revenue from operations stood at ₹10,461 crore, up 117% in the quarter.

(With inputs from PTI)

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Upstox
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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