Stocks to watch, January 24: DLF, JSW Steel, Shriram Finance, IndiGo, Dr Reddy's, United Spirits, HPCL, and more

At 7:59 AM, the GIFT NIFTY futures were trading at 23,307.00, up 13.50 points, or 0.06%. This implies that the NIFTY50 index will open 43 points higher.

On the global front, all three of Wall Street's major indexes gained for the fourth straight day in the overnight trade.

The S&P 500 gained 32.34 points, or 0.53%, to 6,118.71. The S&P 500 registered its first closing record since December 6 after narrowly missing the milestone on Wednesday.

The Dow Jones Industrial Average rose 408.34 points, or 0.92%, to 44,565.07, and the Nasdaq Composite gained 44.34 points, or 0.22%, to 20,053.68.

Revenue increased to ₹8,359 crore in the quarter from ₹7,215 crore in the year-ago period, Dr Reddy's Laboratories said in a statement.

Consolidated net profit stood at ₹2,543.65 crore in October-December 2024 - the third quarter of April 2024 to March 2025 fiscal year (FY25) - compared with ₹712.84 crore earning in the same period a year back, according to a stock exchange filing of the company.

Profit was also up quarter-on-quarter compared with ₹142.67 crore earnings in July-September 2024.

Pre-tax earnings from the downstream fuel retailing business jumped to ₹4,566.07 crore in the third quarter from ₹981.02 crore a year back and ₹1,285.96 crore in the preceding quarter.

The revenue it drew from the consumer durables division saw a massive increase of nearly 95% to ₹1,844 crore in Q3 FY25 from ₹946 crore in Q3 FY24. Other segments also saw a strong rise in revenue. The company generated a revenue of ₹575 crore from the electronics division and ₹106 crore from the railway sub-system and defence division in Q3.

Its revenue from operations also saw a strong rise of nearly 65 percent year-over-year to ₹2,133 crore.

The company posted a consolidated net profit of ₹350 crore in the corresponding quarter last fiscal.

It added that consolidated revenue from operations in the quarter under review was ₹7,732 crore against ₹6,962 crore in the year-ago period.

During the quarter ended December 31, 2024, the company has recognised a charge of ₹65 crore under exceptional items, towards severance costs relating to a closed unit, USL said.

The company had posted a consolidated net profit of ₹1,774.78 crore in the same quarter last fiscal.

Revenue from operations in the quarter under review stood at ₹17,193.33 crore. It was at ₹16,739.97 crore in the year-ago period, it added.

The December quarter had a write-back of ₹3,024 crore in provision for doubtful receivables, aided by collections against past overdue, the company said in its earnings release.

The tower infrastructure company expects the resumption of network expansion by "a major customer" and rollouts by others, to drive growth.

The Food Safety and Standards Authority of India (FSSAI) issued an order in this regard on January 13, the company said in a regulatory filing.

The company had posted a profit after tax (PAT) of ₹66.83 crore in the year-ago period.

Revenue from operations stood at ₹290 crore in the October-December quarter of the current financial year (FY25), a surge of 32.6% from ₹218.72 crore in the year-ago period.