Stocks to watch: TCS, IDBI Bank, Paytm, SBI, Tata Motors and more

TCS reported 11% YoY net growth in Q3, while revenue above analyst projections at Rs 58,229 crore.

The key benchmark indices are expected to open cautiously on Tuesday, mirroring the global mood.

The SGX Nifty January futures were quoted at 18,155 at 07:00 AM, compared to the actual Nifty 50 finish of 18,101 yesterday.


In other news, Sebi has released recommendations for extending trading hours in the event of a stock market disruption. If normalcy cannot be restored by 2:15 p.m., trading hours for that day will be extended until 5:00 p.m.

Meanwhile, the following stocks are expected to trade on Tuesday.

TCS: The IT conglomerate announced a good third-quarter performance. The net profit increased 11% year on year to Rs 10,846 crore, while sales was Rs 58,229 crore, up 19.1% year on year in reported figures and 13.5% year on year in constant currency terms.

IDBI Bank: According to Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey, the government will shortly notify the prospective owner of IDBI Bank of the exemption time for meeting the public-shareholding criterion.

So far, the government has received interest from both international and domestic investors in acquiring a majority position in IDBI Bank. It aims to complete the transaction by September or October. Following that, the government would withdraw completely from the Bank once it received the “upside value” on the remaining stock.

Paytm: In December 2022, the digital payments business recorded a 330 percent YoY increase in loan disbursals. In December, it disbursed 3.7 million loans totaling Rs 3,665 crore.

Real estate: Quarterly sales statistics from real estate firms show that demand trends for both residential and commercial divisions remain high. In the December quarter, Macrotech Developers (Lodha) and Sobha reported their highest-ever quarterly bookings.

SBI: According to reports, the state-run bank may sell Rs 10,000 crore in infrastructure bonds in the market this week, with the securities expected to have a 15-year term.

Tata Motors: Jaguar Land Rover’s retail sales increased 5.9 percent year on year in Q3FY23, showing a “gradual improvement in semiconductor supplies,” the firm said in a BSE release. During the same time span, wholesale volume increased by 15%.

Insurance: Following a period of rapid growth in November, life insurers reported a slowing in new business premium (NBP) growth in December. Following a 30% increase in November, NBP growth fell to 10% last month as state-owned Life Insurance Corporation’s premium growth slowed from a peak.

ONGC: The company’s foreign subsidiary, ONGC Videsh, has repurchased a 20% stake in the Sakhalin-1 oil and gas reserves in Russia’s far east.

PVR: According to the company’s Joint Managing Director Sanjeev Kumar Bijli, the multiplex operator wants to run 1,000 screens by the end of FY24 by adding 100 more screens in the next 15 months. PVR announced the opening of three new multiplexes in Jaipur, Bengaluru, and Gurugram on Monday, bringing the total number of screens to 900.

Stocks in F&O Ban: GNFC and Indiabulls Housing Finance are the sole stocks in the F&O embargo period on Tuesday.