Indian equities are likely to see stock-specific action today, January 29, as several companies announced quarterly results, partnerships, and order wins.

Stocks to Watch Today – January 29

  • Birlasoft: Net profit rose 2.5% year on year. EBIT increased 58.2% to ₹225.1 crore compared with ₹142.3 crore in the same period last year.

  • Wipro: Entered into a partnership with Factory to accelerate agent-native software development for enterprises globally.

  • Thyrocare Technologies: Net profit increased 37% year on year. Margin improved to 32% from 26% in the corresponding quarter last year.

  • Mahindra & Mahindra Financial Services: Q3 results were in line with estimates. Net interest income grew 20.6% to ₹2,304 crore versus ₹1,911 crore year on year.

  • Rainbow Children’s Medicare: Net profit rose 6% year on year. EBITDA increased 9.5% to ₹146.9 crore from ₹134.2 crore.

  • Garden Reach Shipbuilders & Engineers: Net profit surged 74% year on year. EBITDA stood at ₹172.1 crore compared with ₹75.3 crore in the year-ago period.

  • Gland Pharma: Q3 results were in line with estimates. EBITDA rose 20.8% to ₹434.9 crore from ₹360 crore year on year.

  • Somany Ceramics: Net profit increased 94% year on year. EBITDA rose 16.1% to ₹56.1 crore versus ₹48.3 crore.

  • Larsen & Toubro: EBITDA increased 19% year on year. Core margins improved to 8.1%.

  • Phoenix Mills: Net profit rose 4.2% year on year. EBITDA increased 18.6% to ₹655.8 crore from ₹552.9 crore.

  • Max Financial Services: Board granted in-principle approval for potential amalgamation between the company and Axis Max Life Insurance.

  • ASK Automotive: Net profit rose 21.2% year on year. EBITDA increased 26.8% to ₹141 crore compared with ₹111.2 crore.

  • GE Vernova: Net profit stood at ₹290.8 crore versus ₹142.7 crore year on year. Margin improved to 26.7% from 16.7%.

  • SBI Cards and Payment Services: Net profit rose 45% year on year. Revenue increased 11% to ₹5,127.3 crore from ₹4,618.7 crore.

  • Rail Vikas Nigam: Joint venture secured an order worth ₹1,201.35 crore from Northern Railway.

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.
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TOPICS: Garden Reach Gland Pharma Larsen & Toubro Mahindra Wipro