Indian equity markets are set for an active session on January 28 as several companies announced Q3 earnings, strategic partnerships, large orders, stake sales and sector-specific developments.
Stocks to Watch Today – January 28
Marico
Marico reported Q3 performance largely in line with estimates. Revenue rose 27% YoY, indicating steady growth compared with the same quarter last year.
Mahindra Logistics
Mahindra Logistics posted a sharp improvement in profitability. EBITDA increased 39.5% YoY, while net profit stood at ₹3.25 Cr, compared with a loss of ₹9.03 Cr in the corresponding quarter last year.
Infosys
Infosys announced a strategic collaboration with Cursor aimed at accelerating software engineering capabilities for global enterprise clients.
Gopal Snacks
Gopal Snacks reported strong Q3 numbers, with EBITDA rising 89% YoY. Net profit came in at ₹15.4 Cr, compared with ₹5.3 Cr a year ago.
Life Insurance Corporation of India (LIC)
LIC subscribed to 5.12 lakh debentures of Bajaj Finance, amounting to ₹5,120 Cr, as per company disclosures.
Bikaji Foods
Bikaji Foods reported Q3 net profit of ₹62.6 Cr, up from ₹28.7 Cr YoY. EBITDA increased to ₹84 Cr from ₹38 Cr in the same quarter last year.
Rail Vikas Nigam Limited (RVNL)
RVNL secured an order worth ₹242 Cr from South Central Railway, adding to its existing order book.
PC Jeweller
PC Jeweller reported 31% YoY growth in net profit. EBITDA rose 79.7% YoY to ₹201.3 Cr, compared with ₹112 Cr last year.
Titagarh Rail Systems
The company signed an agreement with ABB to deliver propulsion systems for 25kV metro projects.
Metro Brands
Metro Brands reported 36% YoY growth in net profit. EBITDA increased 18.1% YoY to ₹265.2 Cr, compared with ₹224.6 Cr a year ago.
Oil and Natural Gas Corporation (ONGC)
ONGC informed that its joint venture signed a contract with Samsung Heavy Industries for the construction of two ethane carriers.
Sunteck Realty
Sunteck Realty reported 37% YoY growth in net profit, while revenue rose to ₹344.1 Cr from ₹161.7 Cr in the year-ago quarter.
Vishal Mega Mart
The retailer posted 19% YoY growth in net profit. EBITDA rose 20% YoY to ₹605.4 Cr, compared with ₹504.5 Cr last year.
Vedanta
Vedanta’s board approved the sale of a 1.59% stake in Hindustan Zinc via an offer-for-sale (OFS).
Metals Sector Update
Precious metals remained in focus as gold and silver surged to record highs, with gold trading above $5,200 per ounce in global markets.
Ramkrishna Forgings
The company reported 29.5% YoY growth in EBITDA. Operating margin improved to 14.9%, compared with 11.8% in the same quarter last year.
Motilal Oswal Financial Services
Net profit remained flat YoY, while revenue increased 5.9% YoY to ₹2,111.6 Cr, from ₹1,993.4 Cr.
Dodla Dairy
Dodla Dairy reported a 17% YoY decline in EBITDA. Margin stood at 7.8%, compared with 10.6% last year.
RPG Life Sciences
The company posted a 37% YoY fall in net profit, with margins declining to 21.9% from 28.4%.
Vodafone Idea
Vodafone Idea reported a sequential narrowing of losses. However, subscriber base declined by 3.8 million QoQ, as per disclosed data.
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