Top Stocks to Watch Today on Jan 30, 2025: Infosys, Sona BLW, Afcons Infra, JK Cement, Sagility, Brigade Enterprises, Olectra Green

Indian equity indices ended higher for the second straight session on January 29, with the Nifty closing above 23,150. The Sensex rose 631.55 points or 0.83% to 76,532.96, and the Nifty was up 205.85 points or 0.90% to 23,163.10.

Key Stocks in Focus

• Infosys: Expands collaboration with Siemens AG for generative AI.
• Bajaj Finance: Q3 results above estimates, with 22-23% PAT growth and 25% AUM growth projected for FY26.
• Brigade Enterprises: Q3 real estate collections up 36%, sales up 63% YoY.
• SRF: Q3 results above street estimates, chemical business margin up 120 bps YoY.
• Allied Blenders: EBITDA up 97%, margin improves to 12% from 6.6% YoY.
• Blue Star: Revenue and PAT in line with estimates, margin above poll estimates.
• Solar Industries: CCS clears Army’s ₹10,000 crore Pinaka Rocket deal (ANI sources).
• Sona BLW: Signs MoU with ePlane to develop powertrains for eVTOLs and drones.
• Ask Automotive: EBITDA up 38.1%, margin rises to 12.1% from 10.5% YoY.
• Fino Payments Bank: Net profit up 1.3%, NII rises 35% YoY.
• Raymond: EBITDA up 75.3%, margin improves to 14.5% from 11.6% YoY.
• Hitachi Energy: Revenue up 27.2%, margin at 10.3% versus 5.3% YoY.
• Chalet Hotels: EBITDA up 23.3%, revenue rises 22.5% YoY.
• Afcons Infrastructure: Secures LoA for a project worth ₹1,283 crore from Hind Gateway Container Terminal.
• JK Cement: Signs long-term supply agreement with GMDC for limestone.
• GR Infra: Emerges as the lowest bidder for a Western Railway project worth ₹262.3 crore.
• Samhi Hotels: EBITDA up 29.8%, margin at 37.3% versus 31.7% YoY.
• Azad Engineering: Secures a 6-year contract worth ₹811 crore with Siemens Energy for components supply.
• Tamilnad Mercantile Bank: NII rises 6.2%, net profit up 5.6% YoY.
• Sagility: Arm acquires US-based BroadPath Healthcare Solutions for ₹502 crore.
• Quess Corp: Revenue up 6.6%, margin at 3.6% versus 3.8% QoQ.
• Capital Small Finance Bank: Deposits up 12.05%, NII rises 22.5% YoY.
• Arvind Smart Spaces: Margin improves to 28%, EBITDA nearly doubles YoY.
• GMR Power: EBITDA up 15%, revenue rises 46% YoY.
• Vaibhav Global: EBITDA up 18%, margin at 11.2% versus 10.5% YoY.
• Olectra Green: EBITDA up 62%, margin at 15.4% versus 14.3% YoY.

Among the top stocks to watch, Infosys expanded its collaboration with Siemens AG for generative AI, while Bajaj Finance reported Q3 earnings above estimates, projecting a 22-23% PAT growth and 25% AUM growth for FY26. Brigade Enterprises saw real estate collections rise 36%, and sales jumped 63% YoY. SRF posted Q3 results exceeding street estimates, with its chemical business margin improving by 120 bps YoY. Allied Blenders witnessed a 97% surge in EBITDA, with margins doubling to 12% from 6.6% YoY. Blue Star’s revenue and PAT were in line, with margins exceeding poll estimates, and Solar Industries received approval for the Army’s ₹10,000 crore Pinaka Rocket deal.

Sona BLW signed an MoU with ePlane to develop powertrains for eVTOLs and drones, while Ask Automotive’s EBITDA grew by 38.1%, with margins rising to 12.1% from 10.5% YoY. Fino Payments Bank’s net profit increased by 1.3%, with NII rising 35% YoY. Raymond saw a 75.3% jump in EBITDA, and Hitachi Energy’s revenue rose 27.2%, with margins at 10.3% compared to 5.3% YoY. Chalet Hotels reported a 23.3% increase in EBITDA, with revenue rising 22.5% YoY.

Afcons Infrastructure secured a Letter of Award for a project worth ₹1,283 crore from Hind Gateway Container Terminal. JK Cement entered a long-term supply agreement with GMDC for limestone, and GR Infra emerged as the lowest bidder for a Western Railway project worth ₹262.3 crore. Samhi Hotels recorded a 29.8% growth in EBITDA, with margins at 37.3% versus 31.7% YoY. Azad Engineering signed a six-year contract worth ₹811 crore with Siemens Energy to supply components. Tamilnad Mercantile Bank’s NII rose by 6.2%, with net profit up 5.6% YoY.

Sagility’s arm acquired US-based BroadPath Healthcare Solutions for ₹502 crore, while Quess Corp’s revenue increased by 6.6%, despite margins slightly declining to 3.6% from 3.8% QoQ. Capital Small Finance Bank’s deposits grew by 12.05%, with NII rising 22.5% YoY. Arvind Smart Spaces saw margins improve to 28%, with EBITDA nearly doubling YoY. GMR Power’s EBITDA rose by 15%, with revenue increasing by 46% YoY, and Vaibhav Global recorded an 18% rise in EBITDA, with margins at 11.2% versus 10.5% YoY.

Olectra Green’s EBITDA surged by 62%, with margins at 15.4% compared to 14.3% YoY. These companies reflect robust performances and key developments that are expected to influence market dynamics in today’s session.

Here’s a look at other major stocks to keep on your radar:

1. Maruti Suzuki: Faces subdued demand trends, with lower-end vehicles underperforming.
2. Tata Motors: Q3 margins miss estimates as demand concerns linger in key markets like China and Europe.
3. Voltas: Q3 results miss expectations, with the UCP segment margin declining by 240 basis points YoY.
4. Whirlpool: Parent company Whirlpool Corp plans to reduce its stake further to 20% by mid or end of 2025.
5. Jindal Stainless: Reports a 3.1% drop in EBITDA with margins at 12.2% compared to 13.7% YoY.
6. Restaurant Brands: Expands losses as margins fall to 10.9% from 11.3% YoY.
7. Aarti Drugs: EBITDA falls by 11.8%, and revenue declines by 8.1% YoY.
8. JK Paper: EBITDA drops by 40%, with margins shrinking to 15.5% from 25.1% YoY.
9. eClerx: Flat EBITDA performance, with margins slipping to 24.3% from 27.5% YoY.