Indian equities are gearing up for a potentially weak start to the trading week, as indicated by GIFT Nifty futures trading 183 points lower at 23,317 compared to Nifty50 futures. On Friday, the benchmark indices ended in red, with the BSE Sensex falling 241 points (0.30%) to close at 77,378.91, and the Nifty50 dropping 95 points (0.40%) to settle at 23,431.50.
As the markets open on Monday, here are some hot stocks and key updates to keep an eye on:
Earnings Scheduled for Today
Several prominent companies are set to announce their quarterly earnings on January 13, including:
- HCL Technologies
- Angel One
- Anand Rathi Wealth
- Delta Corp
- Den Networks
- Himadri Speciality Chemical
- Marathon Nextgen Realty
- Lotus Chocolate
- Urja Global
- Sarthak Industries
- Sree Jayalakshmi Autospin
Major Corporate Updates
Avenue Supermarts (D-Mart)
- Q3 consolidated net profit rose to ₹723 crore from ₹690 crore (YoY) and ₹659 crore (QoQ).
- Quarterly revenue grew to ₹15,972 crore compared to ₹13,572 crore (YoY) and ₹14,444 crore (QoQ).
ICICI Prudential
- December 2024 Annualised Premium Equivalent (APE) stood at ₹866 crore, marking a 15.6% YoY increase.
- New business premium saw a 3.9% YoY growth.
Biocon
- The USFDA classified Biocon Biologics’ Johor Bahru, Malaysia site as “Voluntary Action Indicated” (VAI), a favorable development.
Just Dial
- Q3 standalone net profit climbed to ₹130 crore from ₹92 crore (YoY), though it declined from ₹154 crore (QoQ).
- Revenue rose to ₹287 crore (YoY) with EBITDA margins improving to 30.14% compared to 22.79% (YoY).
PCBL (Phillips Carbon Black Limited)
- Q3 consolidated net profit stood at ₹93.1 crore, down from ₹150 crore (YoY).
- Revenue surged to ₹2,010 crore, up from ₹1,660 crore (YoY).
- Declared an interim dividend of ₹5.5 per share.
Strategic Acquisitions and Partnerships
Waaree Energies
- To acquire Enel Green Power India for ₹792 crore, strengthening its renewable energy portfolio.
JSW Energy
- Finalized acquisition of 125 MW renewable assets from Hetero Group, valued at ₹630 crore.
NLC India
- Signed a joint venture agreement with Assam Power Distribution Company Limited for solar power project development in Assam.
Power Grid Corporation
- Acquired Kudankulam ISTS Transmission, including a 400KV transmission line in Tamil Nadu, for ₹7.44 crore.
Other Noteworthy Updates
GNA Axles
- Q3 EBITDA improved to ₹52.45 crore (YoY), with margins rising to 14%.
- Standalone net profit grew to ₹34.8 crore from ₹32 crore (YoY).
Equinox India Developments
- Q3 consolidated net profit reached ₹22.2 crore, reversing a ₹38.7 crore loss (YoY).
- Revenue surged to ₹278 crore (YoY).
Interarch Building
- Secured ₹221 crore worth of orders in the semiconductor and lithium-ion battery sectors from Tata Projects Ltd.
Poly Medicure
- Formed a joint venture with Ampin C&I Power to establish a solar power project in Haryana, holding a 26% stake in the venture.
Sarda Energy & Minerals
- Chhattisgarh Hydro Power LLP’s 24.9 MW Rehar Small Hydro Power Project began trial production after synchronization with the grid.
Varroc Engineering
- Received NCLT approval for the amalgamation of Varroc Polymers with the parent company.
Stay updated with these developments to make informed investment decisions as the markets open this week.