The Indian stock market is set for a cautious start today (January 29), with Gift Nifty trading 26 points or 0.06% lower at 23,038 as of 8:30 AM. On Tuesday, the benchmark indices closed in the green, with the BSE Sensex rising 535 points (0.71%) to 75,901.41, while the Nifty50 climbed 128 points (0.56%) to settle at 22,957.25.
Stocks to Watch Today, January 29
- Bajaj Auto: Reported margins above 20% for the sixth consecutive quarter, maintaining a healthy outlook.
- BHEL: Q3 revenue surpassed consensus estimates, with order book rising 47% YoY.
- MGL: Showed strong earnings, with volumes up 2% QoQ and 12% YoY.
- NMDC: Plans a capital expenditure of ₹70,000 crore over the next five years to achieve a production target of 100 MMTPA by 2030.
- GMR Airports: EBITDA increased by 48.3%, with margins rising to 37.4% from 30% YoY.
- Suzlon Energy: Revenue soared 91%, with margins improving to 16.6% from 15.5% YoY.
- Motilal Oswal: Wealth management business NII rose 39% YoY, and distribution AUM increased by 38% YoY.
- PTC India Financial: Q3 disbursements surged 86%, while net profit increased by 33.1% YoY.
- Ixigo: EBITDA climbed 27%, with revenue rising 42% YoY.
- Som Distilleries: EBITDA grew 13.8%, with margin expansion to 36.3% from 31.9% YoY.
- Home First: Net profit rose 24.1%, with NII up 28.4%; plans to raise ₹1,250 crore via QIP.
- PDS: EBITDA surged 28%, with margins improving to 3.1% from 2.9% YoY.
- Piramal Pharma: EBITDA increased by 25.8%, with margin expansion to 15.3% from 13.7% YoY.
- OneSource: US FDA issued an Establishment Inspection Report (EIR) with ‘Voluntary Action Indicated’ status for its Bengaluru-based unit.
- JSW Energy: EBITDA declined by 17.5%, with margin contracting to 38.3% from 43.7% YoY.
- Star Health: Operating profit dropped 46%, shifting to an underwriting loss from a profit YoY.
- SBI Cards: Reported elevated credit costs, rising to 9.4% from 9% QoQ.
- M&M Finance: Year-on-year loan growth at its lowest in 10 quarters, with its housing finance arm reporting losses.
- Colgate: Q3 results missed estimates, with margins declining by 250 bps YoY.
- Exide: Revenue and EBITDA missed estimates, though margins remained in line.
- Bosch: Net profit fell 11.6%, with margins slipping to 13.1% from 13.8% YoY.
- VIP Industries: EBITDA plunged 45.5%, with margin contraction to 5.7% from 9.6% YoY.
- Rane Brake: EBITDA remained flat, with margin shrinking to 10% from 11% YoY.
- JM Financial: Net profit declined 21.5%, with revenue down 0.8% YoY.
- RR Kabel: EBITDA fell 1.6%, with margin dipping to 6.2% from 6.8% YoY
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