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  5. Stocks to watch, January 22: Polycab India, HDFC Bank, HUL, Coforge, BPCL, Persistent Systems, Dalmia Bharat, HUDCO, and more

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Stocks to watch, January 22: Polycab India, HDFC Bank, HUL, Coforge, BPCL, Persistent Systems, Dalmia Bharat, HUDCO, and more

Upstox
By Upstox News Desk

5 min read | Updated on January 22, 2025, 08:01 IST

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SUMMARY

Dalmia Bharat’s profit tumbled by more than 75% on-year to ₹66 crore in the December quarter as weak prices of the building materials and moderation in demand offset the benefits of lower costs of raw materials, logistics, and power and fuel.

Stock list

DALBHARAT
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TATATECH
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UCOBANK
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COFORGE
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At 7:49 AM, the GIFT NIFTY futures were trading at 23,172.50, up 23.50 points, or 0.10%.

At 7:49 AM, the GIFT NIFTY futures were trading at 23,172.50, up 23.50 points, or 0.10%.

Stocks to watch: The domestic equity market is likely to see a positive start to trading on Wednesday, January 22.

At 7:49 AM, the GIFT NIFTY futures were trading at 23,172.50, up 23.50 points, or 0.10%. This implies that the NIFTY50 index will open 69 points higher.

World stocks rose on Tuesday, and the US dollar gained after plunging the previous day as Donald Trump's return to the White House brought mixed messaging on tariffs and highlighted markets' twitching about trade policy.

The Canadian dollar and Mexican peso bore the brunt of the market swings after Trump said he was mulling imposing 25% tariffs on the neighboring countries as soon as February 1.

Here is a list of stocks that may remain in focus today.
Earnings today: As many as 50 companies are slated to release their financial results for the quarter ending December 31, 2024 (Q3 FY25). The list includes HDFC Bank, Hindustan Unilever (HUL), BPCL, Coforge, Go Digit General Insurance, HUDCO, Heritage Foods, IIRM Holdings, Nuvoco Vistas Corporation, Persistent Systems, Pidilite Industries, Polycab India, Tata Communications, and Zensar Technologies.
UCO Bank: State-owned UCO Bank reported a 27% increase in net profit on Tuesday, at ₹639 crore, for the third quarter, which ended December 2024.

The Kolkata-based lender had logged a net profit of ₹503 crore in the same quarter a year ago.

Operating profit also rose to ₹1,586 crore as against ₹1,119 crore in the December 2023 quarter.

On the asset quality front, the bank's gross non-performing assets (NPAs) declined to 2.91% of gross loans by the end of December 2024 from 3.85% a year ago.

Meanwhile, the bank said it would mobilise ₹2,000 crore through qualified institutional placement (QIP) during the ongoing quarter to comply with Sebi's minimum public shareholding (MPS) norms.

PNB Housing Finance: PNB Housing Finance on Tuesday reported a 43% jump in net profit to ₹483 crore for the December quarter. The non-banking finance company, promoted by Punjab National Bank, had earned ₹338 crore in the same quarter a year ago.

Total income during the third quarter of the current fiscal year grew to ₹1,943 crore from ₹1,756 crore in the year-ago period, PNB Housing Finance said in a regulatory filing.

Tata Technologies: Tata Technologies on January 21 reported a marginal decline in net profit in the December quarter at ₹169 crore as against ₹170 crore logged in the year-ago period. However, on a sequential basis, the figure grew around 7% from the ₹157 crore reported in the September quarter.
Tanla Platforms: Tanla Platforms Ltd on Tuesday (January 21) reported a 15.4% year-on-year (YoY) decline in its net profit at ₹118.5 crore for the quarter ended December 31, 2024 (Q3 FY2). In the corresponding quarter of the previous fiscal, Tanla Platforms posted a net profit of ₹140.1 crore.

Its revenue from operations slipped 0.2% to ₹1,000.4 crore against ₹1,002.6 crore in the year-ago quarter.

Jio Financial Services: The company on Tuesday said the company and its joint venture partner, US-based BlackRock, have infused ₹117 crore in the mutual fund company.

JFSL and BlackRock each have further subscribed to and have been allotted 5.85 crore equity shares of ₹10 each of Jio BlackRock Asset Management Private Limited (a 50:50 joint venture between the company and BlackRock), aggregating ₹117 crore.

ICICI Prudential Life: ICICI Prudential Life Insurance on Tuesday reported a 43% surge in net profit of ₹326 crore for the third quarter ended December 2024.

The life insurance company promoted by ICICI Bank posted a profit of ₹227 crore in the same quarter a year ago.

During the third quarter of the ongoing fiscal year, the net premium income increased to ₹12,261 crore, as against ₹9,929 crore a year ago. The assets under management of the company increased to ₹3.10 lakh crore as against ₹2.86 lakh crore, it said.

KEI Industries: KEI Industries Ltd. reported on Tuesday a 9.4% growth in net profit to ₹165 crore in the third quarter of financial year 2024–25. Revenue for the quarter under review rose 20% to ₹2,467 crore, compared to ₹2,059 crore that it had posted in a similar period last year.
Cyient DLM: The company reported a 40.8% year-on-year (YoY) fall in net profit at ₹10.9 crore for the third quarter that ended December 31, 2024. Its revenue from operations grew 38.4% YoY to ₹444.2 crore from ₹321 crore logged in Q3 FY24.

At the operating level, EBITDA dropped 6.21% to ₹27.2 crore against ₹29 crore in the year-ago quarter.

Dalmia Bharat: Dalmia Bharat’s profit tumbled by more than 75% on-year to ₹66 crore in the December quarter as weak prices of the building materials and moderation in demand offset the benefits of lower costs of raw materials, logistics, and power and fuel.

The bottomline was, though, higher as compared to ₹49 crore in the September quarter helped by a recovery in prices.

India Cements: India Cements reported a consolidated net profit of ₹116.52 crore in the third quarter ended on December 31, 2024, boosted by the sale of investments.

The company had posted a consolidated net loss of ₹6.58 crore in the same period last fiscal, said India Cements Ltd in which Aditya Birla Group firm UltraTech had acquired a 32.72% stake on December 24, 2024.

IndiaMART InterMESH: IndiaMART InterMESH on Tuesday reported a 36% jump in its consolidated net profit for the quarter ended December 31, 2024, to Rs 125 crore versus Rs 92 crore posted in the year-ago period. The Q3FY25 revenue from operations stood at Rs 337 crore, a growth of 16% versus Rs 291 crore in the corresponding quarter of the previous financial year.
Neuland Laboratories: The company announced that its board of directors approved capital expenditures totalling ₹342 crore for capacity expansion at its facilities in Telangana.
(With inputs from PTI and Reuters)

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