Indian stock markets are expected to open on a subdued note, as indicated by GIFT Nifty futures. On Wednesday, the market saw a strong rally with the BSE Sensex surging 566 points or 0.75% to close at 76,404.99, while the Nifty50 gained 130 points or 0.57%, settling at 23,155.35. Here’s a list of stocks to keep an eye on today:
Stocks in Focus on January 23
Results Announcements
- Go Digit
- Net Profit: ₹119 crore (vs ₹42.9 crore YoY)
- Revenue: ₹2,084 crore (vs ₹1,980 crore YoY)
- E2E Network
- Net Profit: ₹11.6 crore (vs ₹5.6 crore YoY)
- Revenue: ₹41.6 crore (vs ₹24 crore YoY)
- 20 Microns
- Net Profit: ₹12.9 crore (vs ₹11.5 crore YoY)
- Revenue: ₹215 crore (vs ₹175 crore YoY)
- Jagsonpal Pharma
- Net Profit: ₹32 crore (vs ₹3.96 crore YoY)
- Revenue: ₹74 crore (vs ₹47.2 crore YoY)
- Gravita India
- Net Profit: ₹78 crore (vs ₹60.3 crore YoY)
- Revenue: ₹996.4 crore (vs ₹757.8 crore YoY)
- Laxmi Organics
- Net Profit: ₹29.3 crore (vs ₹27.2 crore YoY)
- Revenue: ₹786 crore (vs ₹694 crore YoY)
- Persistent Systems
- Net Profit: ₹373 crore (vs ₹325 crore QoQ)
- Revenue: ₹3,060 crore (vs ₹2,900 crore QoQ)
- HUL (Hindustan Unilever)
- Net Profit: ₹3,001 crore (vs poll of ₹2,634 crore)
- Revenue: ₹15,408 crore (vs poll of ₹15,735 crore)
- BPCL
- Net Profit: ₹4,649 crore (vs poll of ₹4,977 crore)
- Revenue: ₹1.13 lakh crore (vs poll of ₹1.12 lakh crore)
Corporate Updates
- Paras Defence
- Signed an MoU with the Government of Maharashtra for the proposed Optics Park Project in Navi Mumbai.
- Waaree Energies
- Subsidiary commenced commercial production of a 1.6 GW solar module line.
- Praj Industries
- Approved a joint venture with BPCL to set up compressed biogas plants across India.
- Allcargo Terminals
- Container Freight Station (CFS) volumes grew 8% in December 2024 compared to the previous month.
- Reliance Jio
- Gained 12.12 lakh users in December, recovering from a loss of 37.6 lakh users in October.
- Bharti Airtel
- Moody’s upgraded its ratings outlook to “Positive” and affirmed its Baa3 ratings.
- However, the company lost 11.36 lakh users in December compared to an addition of 19.28 lakh users in October.
Other Developments
- Zydus Life
- Received USFDA orphan drug designation for Usnoflast for the treatment of Amyotrophic Lateral Sclerosis (ALS).
- HUDCO
- Signed an MoU with Vadhvan Port Project Limited to explore funding of up to ₹25,000 crore.
- BPCL
- Board approved a development plan submission to the Indonesian regulator for the Nunukan oil and gas block.
- Laurus Labs
- Received a USFDA Form 483 with one observation for its New Jersey unit.
- Sanofi India
- Received a transfer pricing order from the Income Tax Department, resulting in a liability of ₹26.50 crore.
Stocks with Key Announcements
- HUL: Approved a demerger plan for its ice cream business.
- Shiva Cement: Announced a postal ballot for JSW Cement providing a corporate guarantee to DBS Bank for ₹250 crore.
- Sammaan Capital: Opened QIP with a floor price of ₹151.09 per share.
Acquisitions and Investments
- Archean Chemical
- Invested $12 million in Offgrid Energy Labs Inc., acquiring a 21% stake.
- Abhishek Corporation
- Announced the sale of spinning machinery for ₹7.35 crore and fabric business for ₹24.75 crore (pending shareholder approval).
- Suraksha Diagnostic Ltd
- Incorporated a new subsidiary, Suraksha Advanced Radiology Private Limited.
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