Stocks to watch, January 29: ITC Hotels, Tata Motors, Maruti, Bajaj Finance, Bajaj Auto, CAMS, BHEL, Adani Power, and more

By Upstox News Desk

5 min read | Updated on January 29, 2025, 07:59 IST

SUMMARY

Bajaj Auto on Tuesday said its consolidated net profit increased by 8% to ₹2,196 crore for the third quarter ended December 31, 2024, on the back of robust exports. The company had reported a net profit of ₹2,033 crore in the October-December quarter of last fiscal.

At 7:47 AM, the GIFT NIFTY futures were trading at ₹23,020.50, down 32 points, or 0.14%. | Image: Shutterstock

Stocks to watch: The equity benchmark indices are expected to open with gains on Wednesday, January 29.

At 7:47 AM, the GIFT NIFTY futures were trading at ₹23,020.50, down 32 points, or 0.14%. This implies that the NIFTY50 index will open 42 points higher.

In the overnight trade, the Dow Jones Industrial Average rose 136.77 points, or 0.31%, to 44,850.35; the S&P 500 gained 55.42 points, or 0.92%, to 6,067.70; and the Nasdaq Composite gained 391.75 points, or 2.03%, to 19,733.59.

Here is a list of stocks that may remain in focus today.

Earnings today: Bajaj Finance, Maruti Suzuki India, Tata Motors, Adani Power, Ambuja Cements, Datamatics Global Services, Chalet Hotels, and Computer Age Management Services (CAMS) are some of the companies that are slated to release their December quarter earnings (Q3 FY25) today.

ITC, ITC Hotels: ITC shares will be in focus today as its demerged hotel business, ITC Hotels, will be listed as a separate entity today.

Bajaj Auto: The company on Tuesday said its consolidated net profit increased by 8% to ₹2,196 crore for the third quarter ended December 31, 2024, on the back of robust exports.

The company had reported a net profit of ₹2,033 crore in the October-December quarter of last fiscal.

Total revenue from operations was at ₹13,169 crore for the third quarter compared with ₹12,165 crore in the year-ago period.

BHEL: State-owned engineering firm BHEL on Tuesday posted over a twofold jump in consolidated net profit at ₹134.70 crore for the December quarter 2024-25, mainly on the back of higher revenues.

The company had logged a profit of ₹60.31 crore in the quarter ended December 31, 2023, a BSE filing said.

Total income rose to ₹7,385 crore in the quarter from ₹5,599.63 crore in the same period a year ago.

Exide Industries: Battery manufacturer Exide Industries on Tuesday said its consolidated net profit declined 22% to ₹158 crore in the third quarter ended December 31, 2024.

The company had reported a net profit of ₹203 crore in the year-ago period.

Revenue from operations rose to ₹4,017 crore in the third quarter from ₹3,980 crore in the year-ago period.

Bosch: Auto components maker Bosch on Tuesday said its consolidated net profit declined by 12% to ₹458 crore for the third quarter ended December 31, 2024.

The company had reported a net profit of ₹518 crore in the October-December period of the last fiscal year.

Its revenue from operations rose to ₹4,466 crore for the third quarter compared to ₹4,205 crore in the year-ago period.

Sundaram Home Finance: Sundaram Home Finance recorded a net profit of ₹62.55 crore for the October-December 2024 quarter, the company said on Tuesday.

The company, a subsidiary of Sundaram Finance Ltd, registered a net profit of ₹62.28 crore during the corresponding quarter of the last financial year.

Disbursements made during the quarter under review increased by 35% to ₹1,692 crore as against ₹1,252 crore recorded in the same quarter of last financial year.

TVS Motor Company: TVS Motor Company on Tuesday reported a 20% rise in consolidated net profit to ₹609.35 crore in the December quarter, riding on higher sales.

The company posted a consolidated net profit of ₹509.61 crore in the same quarter last fiscal, TVS Motor Company said in a regulatory filing.

Consolidated revenue from operations in the third quarter stood at ₹11,134.63 crore against ₹10,113.94 crore in the year-ago period, it added.

Suzlon Energy: Renewables solutions provider Suzlon Energy on Tuesday posted a 91% jump in consolidated net profit at ₹388 crore for the December quarter on the back of higher revenues.

The company had a net profit of ₹203 crore in the quarter ended December 31, 2023, a company statement said.

According to the statement, net revenue rose to ₹2,969 crore from ₹1,553 crore in the same period a year ago.

Mahanagar Gas: City gas distributor Mahanagar Gas Ltd on Tuesday (January 28) reported a 28.9% year-on-year (YoY) decline in net profit at ₹225.4 crore for the third quarter that ended on December 31, 2024, against ₹317.18 crore in the year-ago quarter.

The board of directors has considered and approved an interim dividend of ₹12 per equity share having a face value of ₹10 each for the financial year 2024-25.

Swiggy, Afcons Infrastructure: The lock-in period of Afcons Infra ends today. Also, the lock-in period for Swiggy expires on January 29 and 31.

Colgate: FMCG major Colgate-Palmolive India Ltd on Tuesday reported a 2.22% decline in its net profit to ₹322.78 crore for the third quarter ended December 2024 on account of soft demand in the urban market and a high base of the previous year.

It had posted a net profit of ₹330.11 crore in the October-December quarter a year ago, according to a regulatory filing from the oral hygiene product maker Colgate-Palmolive India Ltd (CPIL).

Cipla: Drug major Cipla on Tuesday said its consolidated net profit increased by 48.73% to ₹1,570.51 crore for the third quarter ended December 31, 2024, riding on the back of growth across markets.

The company had reported a net profit of ₹1,055.9 crore in the October-December period of the last fiscal year.

Revenue from operations rose to ₹7,072.97 crore as against ₹6,603.81 crore in the year-ago period.

(With inputs from PTI and Reuters)

About The Author

Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

Upstox Securities Pvt. Ltd.: SEBI Registration No. INZ000315837 | NSE TM Code: 13942 | BSE TM Code: 6155 | CDSL Reg No.: IN-DP-761-2024 | CIN: U65100DL2021PTC376860 | Compliance Officer: Mr. Kapil Jaikalyani. Tel No.: (022) 24229920. Email ID: compliance@upstox.com | Registered Address: 809, New Delhi House, Barakhamba Road, Connaught Place, New Delhi - 110001 | RKSV Commodities India Pvt. Ltd.: SEBI Registration No.: INZ000015837 | MCX TM Code: 46510 | CIN: U74900DL2009PTC189166 | Compliance Officer: Mr. Amit Lalan. Tel No.: (022) 24229920. Email ID: compliance@rksv.in | Registered Address: 807, New Delhi House, Barakhamba Road, Connaught Place, New Delhi - 110001. Correspondence Address: 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (West), Mumbai - 400013. | For any complaints, email at complaints@upstox.com and complaints.mcx@upstox.com.

Procedure to file a complaint on SEBI SCORES: Register on the SCORES portal. Mandatory details for filing complaints on SCORES include: Name, PAN, Address, Mobile Number, and E-mail ID. Benefits include effective communication and speedy redressal of grievances. Please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI, along with our Terms of Use and Privacy Policy.

Upstox Securities Private Limited is a wholly owned subsidiary of RKSV Securities India Private Limited and RKSV Commodities India Private Limited is an associate of RKSV Securities India Private Limited.

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing.
*Brokerage will not exceed the SEBI prescribed limit.

Risk disclosures on derivatives -

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to ₹ 50,000
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Mutual Funds: Top rated funds do not constitute any advice. Research data is powered by Morningstar. Please read the offer documents carefully before investing. Upstox shall not accept any liability arising out of your investments.
These are not Exchange traded products, and the Member is just acting as distributor. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism.

Insurance: RKSV SECURITIES INDIA PRIVATE LIMITED ("Upstox") with registered office at 807, New Delhi House Barakhamba Road Connaught Place, New Delhi, Delhi-110001, Delhi (CIN: U74900DL2009PTC189166) is a Corporate Agent registered with Insurance Regulatory and Development Authority of India (IRDAI) (Category: Composite, IRDAI Regn No.-: CA0918 valid till 05-03-2027). Insurance is underwritten by the respective insurance companies and not by Upstox. Purchase by Upstox’s customer of any insurance products is purely voluntary, and is not linked to availment of any other facility from Upstox. For more details on risk factors and terms and conditions of insurance products, please read the sales brochure of insurance products carefully before concluding a sale. Tax benefits are subject to amendments in tax laws from time to time.

Email ID or any other mode to reach out:

Email ID: insurancesupport@rksv.in

Bima Bharosa Portal: https://bimabharosa.irdai.gov.in/

IRDAI: https://irdai.gov.in/

Insurance Ombudsman: https://www.cioins.co.in/

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonuses, or investing premiums. Public receiving such phone calls are requested to lodge a police complaint.

Attention Investors: As per NSE circular dated July 6, 2022, BSE circular dated July 6, 2022, MCX circular dated July 11, 2022 investors are cautioned to abstain them from dealing in any schemes of unauthorised collective investments/portfolio management, indicative/ guaranteed/fixed returns / payments etc. Investors are further cautioned to avoid practices like:
a) Sharing i) trading credentials – login id & passwords including OTP’s., ii) trading strategies, iii) position details.
b) Trading in leveraged products /derivatives like Options without proper understanding, which could lead to losses.
c) Writing/ selling options or trading in option strategies based on tips, without basic knowledge & understanding of the product and its risks
d) Dealing in unsolicited tips through like Whatsapp, Telegram, Instagram, YouTube, Facebook, SMS, calls, etc.
e) Trading / Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers.

Kindly, read the Advisory Guidelines For Investors as prescribed by the Exchange with reference to their circular dated 27th August, 2021 regarding investor awareness and safeguarding client’s assets : Advisory Guidelines For Investors

Kindly, read the advisory as prescribed by the Exchange with reference to their circular dated January 14, 2022 regarding Updation of mandatory KYC fields by March 31, 2022: KYC Updation

Attention Investors: Prevent unauthorised transactions in your Demat account by updating your mobile number with your depository participant. Receive alerts on your registered mobile number for debit and other important transactions in your Demat account directly from CDSL on the same day. Prevent unauthorised transactions in your Trading account by updating your mobile numbers/email addresses with your stock brokers. Receive information on your transactions directly from the Exchange on your mobile/email at the end of the day. Issued in the interest of investors. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI-registered intermediary (broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary. As a business, we don’t give stock tips and have not authorised anyone to trade on behalf of others. If you find anyone claiming to be part of Upstox or RKSV and offering such services, please send us an email at complaints@upstox.com and complaints.mcx@upstox.com.

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account. Stockbrokers can accept securities as margin from their clients only by way of a pledge in the depository system w.e.f. 1st September 2020.
Update your email ID and mobile number with your stockbroker/depository participant and receive an OTP directly from the depository on your registered email ID and/or mobile number to create a pledge.
Check your securities/mutual funds/bonds in the Consolidated Account Statement (CAS) issued by NSDL/CDSL every month.

Attention Investors: SEBI has established an Online Dispute Resolution Portal (ODR Portal) for resolving disputes in the Indian Securities Market. This circular streamlines the existing dispute resolution mechanism, offering online conciliation and arbitration, benefiting investors and listed companies. https://www.sebi.gov.in/legal/circulars/jul-2023/online-resolution-of-disputes-in-the-indian-securities-market_74794.html ODR portal for Investors - https://smartodr.in/login

Stocks to watch, January 29: ITC Hotels, Tata Motors, Maruti, Bajaj Finance, Bajaj Auto, CAMS, BHEL, Adani Power, and more

Dr Agarwal's Health Care IPO: Issue subscribed 38% so far on day 2; check lot size

Kalyan Jewellers Q3 results: Check earnings preview and technical structure ahead of results

Q3 results: Adani Enterprises, L&T, GAIL among firms to post earnings on Jan 30; check list

Understanding historical trends for options trading on Budget days

Trade setup: NIFTY50 faces resistance!

Trade setup: Make or break for NIFTY?

Loved & Trusted by 1cr+ Indians!