The domestic equity market is expected to open on a muted note on Wednesday, January 21, with early indicators pointing to a largely flat start. GIFT NIFTY futures were trading around 7 points higher, suggesting a marginally positive opening for the NIFTY50 index amid mixed global cues.
Stocks in Focus Today
• HDFC Bank received RBI approval for a three-year extension for Deputy Managing Director Kaizad Bharucha.
• HCLTech entered into a partnership with Carahsoft and expanded its existing collaboration with Team Global Express.
• Restaurant Brands Asia confirmed that the Ajanta Pharma promoter will acquire a controlling stake at ₹70 per share.
• JSW Energy secured a PPA for a 1,600 MW power plant and received BSE and NSE approvals for promoter-led equity infusion.
• Persistent Systems reported 4.1% constant currency revenue growth, compared with an estimate of 3.7%, with adjusted margins above estimates.
• RBL Bank received CCI approval for acquisition of stake by Emirates NBD.
• AU Small Finance Bank posted 15.7% YoY growth in NII, while NIM increased by 25 basis points QoQ.
• Power Grid Corporation of India board approved proposals worth ₹914 crore for procurement of cold spare transformers.
• Lupin signed a licence and supply agreement with Galenicum for Semaglutide across 23 countries.
• Embassy Developments launched three residential projects in the MMRDA region, with gross development value exceeding ₹12,000 crore.
• DCM Shriram reported 7.1% YoY growth in EBITDA and 14% YoY revenue growth.
• Dalmia Bharat commenced production at a 3.6 mtpa clinker unit in Assam.
• CreditAccess Grameen reported 13.4% growth in NII, with credit cost improving by approximately 300 basis points.
• EPACK Durable reported 26% YoY growth in EBITDA, with margin expansion of 800 basis points.
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