Track key stock performances as earnings season unfolds. See how TCS, Tata Elxsi, & more are navigating market changes. Stay informed!
With corporate earnings rolling in, the spotlight is on how companies are performing amid evolving market conditions. Investors are actively tracking results, stock movements, and adjusting strategies to stay ahead in this dynamic earnings season.
As indicated by GIFT Nifty, Indian equity indices BSE Sensex and NSE Nifty 50 are likely to open lower on Friday, January 10. Here’s a look at the key stocks to watch in today’s trade.
Stocks in Focus: GIFT Nifty was trading 78 points or 0.34 per cent lower at 23,579 indicating a negative start for domestic indices NSE Nifty 50 and BSE Sensex on Friday.
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Sensex and Nifty close lower on January 9
Benchmark indices faced a sharp downturn on Thursday as persistent volatility weighed heavily on key sectors. The BSE Sensex dropped by 528 points, settling at 77,620. Meanwhile, the NSE Nifty50 slipped by 162 points, closing at 23,526.
Quarterly watch: Key earnings announcements on January 10
On January 10, the quarterly earnings of companies such as Annvrridhhi Ventures, Brightcom Group, CESC, Equinox India Developments, G N A Axles, Hathway Bhawani Cabletel & Datacom, Infomedia press, Justdial, Shah Metacorp, Sharma East India Hospital & Medical Research, Swati Projects, Velecha Engineering, Vivimed Labs, Yaari Digital Integrated Services, PCBL are scheduled to be announced.
Stocks to watch on January 8, 2025
TCS
Tata Consultancy Services (TCS), India’s largest IT services company, on Thursday (January 9) announced its Q3 earnings. The company in its Q3 report, posted a 11.95% increase in net profit, reaching Rs 12,380 crore. This is up from Rs 11,058 crore in the same period last year. The company’s total income also rose by 6.13% to Rs 65,216 crore. However, expenses grew 6.33%, totaling Rs 48,550 crore.
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IREDA
Indian Renewable Energy Development Agency (IREDA) recorded a 26.8% rise in its net profit for Q3, hitting Rs 425.4 crore compared to Rs 335.5 crore last year. Its net interest income saw a 39% jump to Rs 622.3 crore, up from Rs 448.1 crore.
Hindustan Zinc
Hindustan Zinc reported a Rs 35.35 crore penalty imposed by the Udaipur tax office over a dispute related to Input Tax Credit from FY 2017-18. The company announced this in a regulatory filing, stating the demand also included applicable interest.
Indian Overseas Bank
Indian Overseas Bank (IOB) has invited expressions of interest from asset reconstruction companies to sell 46 non-performing asset accounts worth Rs 11,500 crore.
IRB Infrastructure
IRB Infrastructure and its trust reported a 19% growth in toll collections for December 2024, with Rs 580 crore collected compared to Rs 488 crore in December 2023.
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Adani Total Gas
Adani Total Gas announced a 20% increase in its administered price mechanism (APM) gas allocation, effective January 16, 2025. The company stated, “The allocation of APM Gas has been revised upwards by 20%.”
Shriram Finance
Shriram Finance is set to execute a 1:5 stock split on January 10, 2025, where each existing share with a face value of Rs 10 will be divided into five shares with a face value of Rs 2 each.
GTPL Hathway
GTPL Hathway’s Q3 profit dropped by 57.2% YoY to Rs 10.1 crore for the quarter ending December 2024.
Samvardhana Motherson
Auto parts maker Samvardhana Motherson announced steps to secure Prysm Systems’ assets and patented technology through its subsidiary, MSSL Consolidated Inc.
Reliance Industries
Reliance Industries will release its December quarter results on January 16, 2025.
SRF
SRF and Navin Fluorine issued a clarification following reports of a US refrigerant gas price hike. SRF clarified that the increase is limited to the US market, and its pricing will depend on demand and supply in its specific market segment.
NTPC Green Energy
NTPC Renewable Energy has added 60 MW to the Bhainsara Solar project (total: 220 MW) and 50 MW to the Shajapur Solar project (total: 100 MW).
Tata Elxsi
Tata Elxsi’s stock will be in focus due to its Q3 earnings announcement. “For the third quarter of financial year 2024-25, the company reported Rs. 939.2 Cr of operating revenue,” said the company in the regulatory filing.
