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Stocks to watch: Shares of firms like Infosys, IRCTC, Wipro, RIL, Axis Bank, TVS Motors, Tech M, and others will be in focus on Friday’s trade
Stocks to Watch Today
Stocks To Watch On January 17: On the weekly expiry day, domestic markets traded within a narrow range and ended slightly higher, marking the third consecutive day of consolidation. Key stocks such as Reliance Industries (RIL), Infosys, IRCTC, Wipro, Jio Financial, and BPCL are likely to be in focus due to recent developments and Q3 results.
Earnings to Watch on January 17: Several companies will announce their quarterly earnings today, including Wipro, Tech Mahindra, SBI Life Insurance, ICICI Lombard General Insurance, Indian Hotels, Jio Financial Services, Rallis India, Ramkrishna Forgings, Supreme Petrochem, Sterlite Technologies, Swaraj Engines, Seshasayee Paper & Boards, Steel Strips Wheels, Aether Industries, 5paisa Capital, Concord Enviro Systems, Sanathan Textiles, Ponni Sugars (Erode), Mamata Machinery, and MRO-TEK Realty.
Listings: Capital Infra IPO (Mainline) and Sat Kartar Shopping IPO (SME) are set to list on the bourses today.
Reliance Industries: For Q3, Reliance Industries reported a consolidated net profit of Rs 18,540 crore, up 7.39% YoY from Rs 17,265 crore. Revenue increased by 7.02% YoY to Rs 2,44,000 crore, while EBITDA grew 7.71% YoY to Rs 43,789 crore. The EBITDA margin improved slightly to 17.96%, up 0.13 percentage points from the previous year.
Infosys: Infosys posted a consolidated net profit of Rs 6,810 crore for Q3, a 4.77% QoQ increase from Rs 6,500 crore, in line with estimates. Revenue rose by 1.85% QoQ to Rs 41,760 crore, surpassing estimates of Rs 41,300 crore. EBIT increased by 3.03% QoQ to Rs 8,912 crore, with an EBIT margin of 21.34%, up 0.24 percentage points.
Axis Bank: Axis Bank’s Q3 standalone net profit grew by 3.83% YoY to Rs 6,304 crore, meeting estimates. Interest income rose by 10.71% YoY to Rs 30,950 crore. The bank reported a marginal increase in gross NPA to 1.46% and net NPA to 0.35%. Provisions fell by 2.18% to Rs 2,156 crore from the previous quarter.
IRCTC: IRCTC appointed Sudhir Kumar as the Chief Financial Officer, effective from January 16.
Havells India: For Q3, Havells India reported a consolidated net profit of Rs 278 crore, down 3.47% YoY from Rs 288 crore. Revenue rose 10.75% YoY to Rs 4,889 crore, while EBITDA decreased by 1.62% to Rs 426 crore. The EBITDA margin narrowed to 8.71%, down 1.10 percentage points from last year.
LTIMindtree: LTIMindtree’s Q3 consolidated net profit dropped 13.2% QoQ to Rs 1,085 crore, missing estimates of Rs 1,120 crore. Revenue rose by 2.78% QoQ to Rs 9,661 crore, slightly exceeding estimates. EBIT fell by 8.28% QoQ to Rs 1,339 crore, with an EBIT margin of 13.76%, down from 15.46% in the previous quarter.
Metro Brands: For Q3, Metro Brands reported a standalone net profit of Rs 94.1 crore, a decline of 1.67% YoY from Rs 95.7 crore. Revenue grew by 11.69% YoY to Rs 688 crore, while EBITDA increased by 13.20% to Rs 223 crore. The EBITDA margin improved slightly to 32.41%.
TVS Motors: TVS Motors announced its entry into the Moroccan market in partnership with Hindi Motors, launching a range of two-wheelers including the TVS NTORQ 125, TVS Raider 125, and TVS Apache 160 and 200.
Bharat Petroleum Corporation (BPCL): BPCL secured a Rs 31,802 crore loan agreement with an SBI-led consortium to finance the expansion of its petrochemical complex and refinery at Bina.
AIA Engineering: AIA Engineering’s subsidiary Vega ME plans to expand its manufacturing facilities in China and Ghana and is exploring locations in Indonesia. The company aims to add 100,000 MTPA of capacity with an investment of $50 million (Rs 410 crore), expected to be completed within three years.
Bajaj Healthcare: The company secured a new contract to manufacture, market, and sell Magnesium L-Threonate in the Indian market.
Hatsun Agro Products: For Q3, Hatsun Agro’s standalone net profit fell 28.71% YoY to Rs 40.9 crore. Revenue grew 6.30% YoY to Rs 2,009 crore, while EBITDA increased marginally by 0.47% to Rs 214 crore. The EBITDA margin contracted to 10.65% from 11.27% YoY.
HFCL: HFCL received an advance work order worth Rs 2,501 crore from BSNL.
Waaree Renewable Tech: Waaree Renewable Tech’s Q3 consolidated net profit declined 16.71% YoY to Rs 53.5 crore, while revenue rose 11.11% YoY to Rs 360 crore. EBITDA fell 18.11% YoY to Rs 71.92 crore, with the EBITDA margin dropping to 19.96% from 27.08% in the previous year.
Spencers Retail: Spencers Retail’s Q3 consolidated net loss narrowed 7.62% YoY to Rs 47.3 crore, with revenue declining 20.49% YoY to Rs 520 crore. EBITDA rose slightly by 0.34% YoY to Rs 11.8 crore, with an improved EBITDA margin of 2.28%, up from 1.80% YoY.
Last Mile Enterprises: The company approved a 1:10 subdivision of its equity shares.
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