Here’s a round-up of stocks in focus on January 17, 2025, with highlights from earnings announcements, strategic developments, and key corporate actions:
Quarterly Results Today
Wipro, Tech Mahindra, SBI Life Insurance, ICICI Lombard, Indian Hotels, Jio Financial Services, and others will announce their Q3 FY25 results.
Major Earnings Highlights:
- Reliance Industries: Profit grew 11.7% YoY to ₹21,930 crore; revenue rose 7.7% YoY to ₹2.67 lakh crore.
- Infosys: Profit rose 4.6% QoQ to ₹6,806 crore; revenue grew 1.9% QoQ to ₹41,764 crore.
- Axis Bank: Profit increased 4% YoY to ₹6,304 crore; NII grew 9% YoY to ₹13,606 crore.
Corporate Developments
- HFCL: Received a ₹2,501.3 crore work order for BharatNet Phase III.
- BPCL: Executed a ₹31,802 crore loan agreement for its Bina project.
- TVS Motor: Entered Morocco with the launch of its two-wheeler range.
- Zaggle Prepaid: Signed agreements with HT Media and Neuroglia Health for employee and reward solutions.
Key Appointments and Resignations
- IRCTC: Appointed Sudhir Kumar as CFO.
- Indian Bank: Binod Kumar becomes MD & CEO.
- Suraksha Diagnostic: CFO Amit Saraf resigns.
Stocks in F&O Ban
Aarti Industries, ABFRL, Angel One, Bandhan Bank, Hindustan Copper, Kalyan Jewellers, L&T Finance, Manappuram Finance, and RBL Bank.
Corporate Actions
- Ex-Date for Dividend: HCL Tech, TCS
- Ex-Bonus: Kitex Garments
- Ex-Date for Split: Arunjyoti Bio Ventures
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
