Indian equity markets extended their consolidation phase for another session on Friday, ending marginally higher amid continued volatility. With broader cues remaining mixed, Monday’s trade, January 19 (IST), is expected to be driven largely by corporate earnings, particularly from index heavyweights such as Reliance Industries, HDFC Bank and ICICI Bank.
Stocks to Watch Today – January 19
-
Reliance Industries: Earnings steady; EBITDA at a seven-quarter high. Market focus on margin trend and updates related to Jio as a potential catalyst.
-
HDFC Bank: Q3 results broadly in line with estimates; PPoP up 8.4% YoY.
-
ICICI Bank: Q3 below estimates; NIM flat at 4.3% QoQ; CEO Sandeep Bakhshi gets a two-year extension.
-
Tech Mahindra: Q3 performance above estimates; constant-currency revenue growth at 1.7% versus estimate of 0.6%.
-
Wipro: Organic growth guidance seen at -1.5% to 0.5%, compared with 0.6% in Q3.
-
Tata Technologies: Margin declined to 14% from 15.7% QoQ; expects sequential revenue growth of over 10%.
-
CG Power: Bagged an order worth ₹900 crore from Tallgrass for the US data centre segment.
-
Rail Vikas Nigam: Secured an order worth ₹87 crore from South Eastern Railway.
-
Engineers India: Won a $350 million expansion project contract from Dangote, Nigeria.
-
GR Infraprojects: Declared lowest bidder for a project valued at ₹488 crore.
-
Axiscades Technologies: Received an order worth ₹100 crore from BEL.
-
Yes Bank: NII up 11%; NIM improved by 10 bps QoQ to 2.6%.
-
RBL Bank: Credit cost increased by 40 bps QoQ; PAT missed estimates due to higher provisions.
-
L&T Finance: Credit cost remained elevated; RoA down 10 bps QoQ to 2.31%.
-
Can Fin Homes: Loan portfolio grew 10% YoY; NIM at 4.14% versus 3.73% YoY.
-
Poonawalla Fincorp: Q3 AUM rose 77.6%; NII increased 61% YoY.
-
Ambuja Cements: Commissioned a 2.4 mtpa brownfield expansion at the Marwar grinding unit.
-
JK Cement: Reported healthy volumes; EBITDA up 13% YoY.
-
Vedanta: Received ₹1,255 crore demand notices from the Odisha government over production shortfall.
-
Himadri Speciality Chemical: EBITDA up 9.7% YoY; margin improved to 20.4%.
-
InterGlobe Aviation: DGCA imposed a ₹22.2 crore penalty and asked for a ₹50 crore bank guarantee for December flight disruptions.
-
GMR Airports Infrastructure: December passenger traffic down 1.9% YoY; aircraft movements up 2.2% YoY.
-
Netweb Technologies: EBITDA rose to ₹98 crore from ₹43 crore YoY; revenue increased to ₹805 crore from ₹334 crore.
-
TVS Srichakra: Announced a ₹210 crore investment for capacity addition at Unit-2.
-
Protean eGov Technologies: MD & CEO Suresh Sethi to resign effective March 31.
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.