16 Jan , 2025 By : Debdeep Gupta
Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, order wins and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
Results Today
Reliance Industries, Infosys, Axis Bank, LTIMindtree, Alok Industries, Havells India, Bhansali Engineering Polymers, D B Corp, Hatsun Agro Product, Kesoram Industries, Mastek, Metro Brands, Mudra Financial Services, Plastiblends India, Shemaroo Entertainment, Spencers Retail, Sterling and Wilson Renewable Energy, and Waaree Renewable Technologies will release quarterly earnings scorecard on January 16.
Quarterly Earnings
HDFC Life Insurance Company Q3 (Standalone YoY)
Profit grows 13.66% to Rs 414.9 crore Vs Rs 365 crore
Net premium income jumps 10% to Rs 16,771.3 crore Vs Rs 15,235.3 crore
Net commission zooms 55.1% to Rs 1,932.5 crore Vs Rs 1,245.7 crore
Total annual premium equivalent (APE) rises 11.9% to Rs 3,569 crore Vs Rs 3,191 crore
Value of new business (VNB) increases 8.6% to Rs 930 crore Vs Rs 856 crore
VNB margin dropped to 26.06% Vs 26.8%
L&T Technology Services Q3 (Consolidated QoQ)
Profit increases 0.87% to Rs 322.4 crore Vs Rs 319.6 crore
Revenue grows 3.1% to Rs 2,653 crore Vs Rs 2,572.9 crore
EBIT jumps 8.8% to Rs 421.9 crore Vs Rs 387.7 crore
EBIT margin expands 80 bps to 15.9% Vs 15.1%
Dollar revenue rises 1.7% to $311.9 million Vs $306.7 million
CEAT Q3 (Consolidated YoY)
Profit tanks 46.5% to Rs 97.1 crore Vs Rs 181.5 crore
Revenue grows 11.4% to Rs 3,300 crore Vs Rs 2,963.1 crore
EBITDA falls 18.3% to Rs 340.9 crore Vs Rs 417.5 crore
Margin declines 380 bps to 10.3% Vs 14.1%
Transrail Lighting Q2 (Consolidated YoY)
Profit grows 19.1% to Rs 55.1 crore Vs Rs 46.3 crore
Revenue increases 11.4% to Rs 1,088.4 crore Vs Rs 977.2 crore
EBITDA rises 16.2% to Rs 138.4 crore Vs Rs 119.1 crore
Margin expands 50 bps to 12.7% Vs 12.2%
Punjab & Sind Bank Q3 (YoY)
Profit zooms 146.7% to Rs 282 crore Vs Rs 114.3 crore
Net interest income increases 27% to Rs 938.8 crore Vs Rs 739.3 crore
Pre-provision operating profit surges 74.7% to Rs 484 crore Vs Rs 277 crore
Provisions and contingencies rise to Rs 109.3 crore Vs Rs 96.3 crore
Provisions and contingencies rise to Rs 109.3 crore Vs Rs 150.6 crore (QoQ)
Gross NPA drops to 3.83% Vs 4.21% (QoQ)
Net NPA declines to 1.25% Vs 1.46% (QoQ)
Oracle Financial Services Software Q3 (Consolidated YoY)
Profit tanks 27% to Rs 541.3 crore Vs Rs 740.8 crore
Revenue declines 5.9% to Rs 1,715.2 crore Vs Rs 1,823.6 crore
Authum Investment and Infrastructure Q3 (Consolidated YoY)
Profit declines 10.3% to Rs 539.4 crore Vs Rs 601.4 crore
Revenue drops 10.8% to Rs 616.9 crore Vs Rs 691.4 crore
Stocks To Watch
Rail Vikas Nigam (RVNL)
RVNL has received a letter of acceptance for an order worth Rs 3,622 crore from Bharat Sanchar Nigam Limited (BSNL) for the development (creation, upgradation, and operation and maintenance) of BharatNet's Middle Mile network under the Design, Build, Operate, and Maintain (DBOM) model.
GAIL India
The company has entered into a settlement agreement with SEFE Marketing & Trading Singapore Pte Ltd. The terms of the agreement include SEFE Marketing & Trading Singapore's payment of $285 million to GAIL and the withdrawal of arbitration proceedings before the London Court of International Arbitration.
Azad Engineering
The company has signed a long-term supply agreement with GE Vernova International LLC, USA, to supply highly engineered, complex rotating, and stationary airfoils for advanced gas turbine engines to meet the global demand in the power generation industry. This current phase of the contract is valued at $112 million (approximately Rs 960 crore).
Happiest Minds Technologies
The company announced a collaboration with Coca-Cola Beverages Vietnam to deploy an innovative GenAI conversational interface.
Exide Industries
The company has invested Rs 150 crore in its subsidiary, Exide Energy Solutions, via the subscription of equity share capital on a rights basis. With this investment, the total investment made by the company in Exide Energy Solutions stands at Rs 3,302.23 crore. This acquisition did not change the company's shareholding percentage in Exide Energy Solutions.
Rashi Peripherals
The company has announced its intent to acquire a 70% equity stake in Satcom Infotech, a distributor specializing in cybersecurity solutions.
Dhampur Bio Organics
Rajiv Kumar has resigned as Vice President - Cane of the company, effective January 15, due to personal reasons.
Puravankara
Following the onboarding of the Group CFO, Abhishek Kapoor resigned as the company's Group CFO (Additional Charge), effective January 15.
Gland Pharma
Shyamakant Giri assumed the position of Chief Executive Officer of the company on January 16. Srinivas Sadu will continue to serve as Executive Chairman and support the company’s next phase of growth.
RBL Bank
The Board has approved the appointment of Soma Sankara Prasad as (Additional) Non-Executive Independent Director of RBL Bank for four years, effective January 15. Soma Sankara Prasad previously led UCO Bank as its MD & CEO.
Swiggy
The Ministry of Corporate Affairs has approved the incorporation of Swiggy Sports, a wholly owned subsidiary of the company.
Man Industries (India)
The Board will meet on January 18 to consider fundraising via the issue of securities on a preferential basis.
Indian Railway Finance Corporation (IRFC)
IRFC has signed a lease agreement with NTPC for eight BOBR rakes amounting to Rs 250 crore in the first phase. In October 2024, the IRFC Board approved financing for 20 BOBR rakes procured under the General Purpose Wagon Investment Scheme (GPWIS) of Indian Railways to NTPC on a finance lease basis for up to Rs 700 crore.
Bulk Deals
Nureca
Copthall Mauritius Investment purchased a 1.16% stake in the company at an average price of Rs 401.94 per share.
One Mobikwik Systems
Quant Mutual Fund Small Cap Fund sold a 0.84% stake in Mobikwik at an average price of Rs 513.57 per share, amounting to Rs 33.4 crore. Additionally, SSPL Securities offloaded a 0.51% stake at an average price of Rs 497.16 per share, valued at Rs 19.88 crore.
Stock Trades Ex-Date for Rights
Ultracab (India)
Stocks Trade Ex-Dividend
CESC, PCBL
Stock Trades Ex-Date for Split
Regis Industries
F&O Ban
Aditya Birla Fashion & Retail, Kalyan Jewellers, Manappuram Finance, Aarti Industries, Angel One, Bandhan Bank, Hindustan Copper, L&T Finance, RBL Bank
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