Stocks to Watch: The domestic equity market is expected to open with significant losses on Monday, January 27.
At 7:56 AM, the GIFT NIFTY futures were trading at 22,938, down 147.50 points, or 0.64%. This implies that the NIFTY50 index will open 176 points lower.
On the global front, Wall Street's main indexes closed lower on Friday as investors stepped back while they digested a mixed bag of economic data and earnings reports and prepared for a week filled with economic releases and a Federal Reserve meeting.
Here is a list of stocks that may remain in focus today.
Earnings today: Over 70 companies are slated to announce their December quarter results. The list includes names such as Tata Steel, Coal India, ACC, Petronet LNG, Canara Bank, LTFoods, and
Union Bank of India.
ICICI Bank: ICICI Bank on Saturday reported a 15% rise in standalone net profit to ₹11,792 crore for the quarter ended in December, helped by growth in core income.
Total income increased to ₹48,368 crore from ₹42,792 crore in the same period a year ago.
Interest income increased to ₹41,300 crore during the quarter under review compared to ₹36,695 crore in the year-ago period.
It said that net interest income (NII) increased by 9.1% year-on-year to ₹20,371 crore from ₹18,678 crore in Q3-2024.
YES Bank:
YES Bank on Saturday reported a nearly threefold jump in net profit to ₹612 crore for the third quarter ended December 2024, helped by a fall in provisions for bad loans.
The private sector bank had earned a net profit of ₹231 crore in the same quarter of the previous financial year.
Total income increased to ₹9,341 crore during the third quarter of the ongoing fiscal year from ₹8,179 crore a year ago.
AU Small Finance Bank: AU Small Finance Bank Ltd on Friday reported a 41% jump in net profit to ₹528 crore for the third quarter ended December 2024 as interest income improved.
The Jaipur-based bank had earned a profit of ₹375 crore in the same quarter of FY24.
The total income of the bank increased to ₹4,732 crore during the quarter under review against ₹3,186 crore in the same period last year.
The bank's interest income rose to ₹4,113 crore compared to ₹2,736 crore in the third quarter of the previous fiscal.
CreditAccess Grameen: The microfinance lender on Friday, January 24, reported a net loss of ₹99.5 crore for the third quarter that ended December 31, 2024. The loss was due to early risk recognition, conservative provisioning, and accelerated write-offs, positioning the company for normalised growth and profitability in the coming quarters.
JSW Steel: JSW Steel Ltd on Friday reported a 71% year-on-year decline in its consolidated net profit at ₹719 crore in the third quarter after considering an exceptional charge of ₹103 crore. The same was ₹2,450 crore in the last year quarter. Revenue from operations fell 1% year-on-year to ₹41,378 crore, compared to ₹41,940 crore in the corresponding period of last year.
Torrent Pharma: Torrent Pharmaceuticals on Friday reported a 14% year-on-year increase in profit after tax (PAT) for the third quarter of FY25, reaching ₹503 crore. Revenue from operations stood at ₹2,809 crore, reflecting a modest 3% growth compared to the same quarter last year. Operating EBITDA grew by 5% year-on-year to ₹914 crore, with a strong margin of 32.5%.
Religare Enterprises: A day ahead of the open offer, Religare Enterprises Ltd (REL) on Sunday, January 26, said a US-based investor, Danny Gaekwad Developments & Investments, has proposed to pick up a 26% stake in the financial services firm at a higher price than offered by entities promoted by the Burman family.
In a letter written to the Sebi Chairperson, posted by REL, Danny Gaekwad Developments & Investments has requested the regulator to permit the US-based entity to submit a competing open offer.
Adani Power: The company's board is looking to double an existing fundraise plan to ₹10,000 crore through the issue of non-convertible debentures (NCDs) as well as consider a fundraise through qualified institutional placement or other measures of shares worth ₹5,000 crore, a statement said on January 26.
Mazagon Dock Shipbuilders: The joint venture of state-run Mazagon Dock Shipbuilders and Germany’s Thyssenkrupp Marine Systems appears close to securing the Indian Navy’s ₹70,000-crore stealth submarine deal, with the Defence Ministry rejecting the joint bid from Larsen and Toubro (L&T) and Spanish firm Navantia on technical grounds.
The Mazagon-Thyssenkrupp bid to manufacture six submarines will now be opened, followed by negotiations over cost and technical requirements to finalise the contract, according to news reports.
IndiGo: The country's largest airline IndiGo on Friday saw its profit after tax slide 18.3% to ₹2,448.8 crore in the three months ended December 2024 due to foreign exchange loss even as revenue jumped on higher capacity and passenger traffic. The carrier, which had a fleet of 437 planes at the end of December, is planning to induct wet-leased planes for long-range flights and expects the number of grounded aircraft to come down to 40s by the start of next financial year from the current level of 60s.
NTPC Green Energy Ltd (NGEL) on Saturday reported an 18% rise in consolidated net profit at ₹65.61 crore for the December quarter FY25, on account of higher income.
It had logged ₹55.61 crore net profit in the year-ago quarter, the company said in an exchange filing.
Total income rose to ₹581.46 crore from ₹463.46 crore. Expenses were at ₹482.22 crore as against ₹383.28 crore.
(With inputs from Reuters, PTI)
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