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

Wipro, Tech Mahindra, SBI Life Insurance Company, ICICI Lombard General Insurance Company, Indian Hotels, Jio Financial Services, 5paisa Capital, Aether Industries, Concord Enviro Systems, Mamata Machinery, MRO-TEK Realty, Ponni Sugars (Erode), Rallis India, Ramkrishna Forgings, Sanathan Textiles, Seshasayee Paper & Boards, Supreme Petrochem, Steel Strips Wheels, Sterlite Technologies, and Swaraj Engines will announce their quarterly earnings on January 17

Results on January 18

Kotak Mahindra Bank, RBL Bank, Can Fin Homes, Chennai Petroleum Corporation, DCM Shriram, Avantel, Netweb Technologies India, NHC Foods, and Sigachi Industries will release their quarterly earnings scorecard on January 18.

Quarterly Earnings

Reliance Industries Q3 (Consolidated YoY)

Profit grows 11.7% to Rs 21,930 crore Vs Rs 19,641 crore

Revenue increases 7.7% to Rs 2.67 lakh crore Vs Rs 2.48 lakh crore

EBITDA rises 7.8% to Rs 48,003 crore Vs Rs 44,525 crore

Margin expands 10 bps to 18% Vs 17.9%

Board approves acquisition of 100% equity stake of Lakadia B Power Transmission from REC Power Development and Consultancy

Board approves Acquisition of 100% equity stake of Reliance New Energy Battery from Reliance New Energy

Jio Platforms Q3 (YoY)

Profit jumps 26% to Rs 6,861 crore Vs Rs 5,447 crore

Revenue grows 19.2% to Rs 38,750 crore Vs Rs 32,510 crore

EBITDA soars 18.8% to Rs 16,585 crore Vs Rs 13,955 crore

Margin at 50.1% Vs 50.4%

Infosys Q3 (Consolidated QoQ)

Profit increases 4.6% to Rs 6,806 crore Vs Rs 6,506 crore

Revenue rises 1.9% to Rs 41,764 crore Vs Rs 40,986 crore

EBIT grows 3% to Rs 8,912 crore Vs Rs 8,649 crore

Margin expands 20 bps to 21.3% Vs 21.1%

Dollar revenue is up 0.9% at $4,939 million Vs $4,894 million

Company raises FY25 revenue growth guidance to 4.5-5%, from 3.75-4.5?rlier

The company maintains operating margin guidance at 20-22%

Axis Bank Q3 (Standalone YoY)

Profit grows 4% to Rs 6,304 crore Vs Rs 6,071 crore

Net interest income increases 9% to Rs 13,606 crore Vs Rs 12,532 crore

Provisions and contingencies spikes 109.6% to Rs 2,155.6 crore Vs Rs 1,028.3 crore

Provisions and contingencies fall 2.2% to Rs 2,155.6 crore Vs Rs 2,204.1 crore (QoQ)

Gross NPA rises to 1.46% Vs 1.44% (QoQ)

Net NPA increases to 0.35% Vs 0.34% (QoQ)

LTIMindtree Q3 (Consolidated QoQ)

Profit tanks 13.2% to Rs 1,086.7 crore Vs Rs 1,251.6 crore

Revenue grows 2.4% to Rs 9,660.9 crore Vs Rs 9,432.9 crore

EBIT drops 8.9% to Rs 1,328.99 crore Vs Rs 1,458.2 crore

EBIT Margin declines 170 bps to 13.8% Vs 15.5%

Dollar revenue grows 1.1% to $1,138.7 million Vs $1126.6 million

Havells India Q3 (Consolidated YoY)

Profit declines 3.3% to Rs 278.3 crore Vs Rs 287.9 crore

Revenue grows 10.8% to Rs 4,889 crore Vs Rs 4,413.9 crore

EBITDA drops 1.4% to Rs 426.5 crore Vs Rs 432.7 crore

Margin slips 110 bps to 8.7% Vs 9.8%

Hatsun Agro Products Q3 (YoY)

Profit plunges 28.7% to Rs 40.9 crore Vs Rs 57.4 crore

Revenue grows 6.5% to Rs 2,009.8 crore Vs Rs 1,887.5 crore

Metro Brands Q3 (Consolidated YoY)

Profit declines 3.7% to Rs 95.1 crore Vs Rs 98.8 crore

Revenue increases 10.6% to Rs 703.1 crore Vs Rs 635.5 crore

Stocks To Watch

HFCL

The company has secured an advance work order from Bharat Sanchar Nigam Limited (BSNL) worth Rs 2,501.30 crore for the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network for BharatNet Phase III in the Punjab telecom circle.

Bharat Petroleum Corporation

BPCL has executed a loan agreement of Rs 31,802 crore with a consortium of the State Bank of India to finance projects planned at Bina. Other consortium members include Punjab National Bank, Union Bank of India, Canara Bank, Bank of India, and Export-Import Bank of India. The funds will be used for the development and operation of a petrochemical complex and refinery expansion at Bina.

Mastek

The company has appointed Umang Nahata as a Full-Time Director, designated as Chief Executive Officer—Mastek Group, for a term of three years, effective January 16, 2025.

One Mobikwik Systems

The company announced a strategic partnership with Piramal Capital & Housing Finance to provide personal loans to MobiKwik customers.

Jammu & Kashmir Bank

SEBI has issued an administrative warning letter to the bank for delaying the submission of the appointment of the MD and CEO.

AstraZeneca Pharma India

The company has received permission from the Central Drugs Standard Control Organisation (CDSCO) to import pharmaceutical formulations of a new drug for sale or distribution under Form CT-20 for Eculizumab concentrate for solution for infusion (300 mg, 10mg/ml) (SOLIRIS). Eculizumab is indicated for the treatment of patients with Paroxysmal Nocturnal Hemoglobinuria (PNH) and atypical Hemolytic Uremic Syndrome (aHUS) to inhibit complement-mediated thrombotic microangiopathy.

Satin Creditcare Network

Dhiraj Jha resigned as the company's Chief Risk Officer on January 16. The Board appointed Vikas Wadhera as the new Chief Risk Officer on January 17.

Indian Railway Catering and Tourism Corporation (IRCTC)

The Board has appointed Sudhir Kumar as the Chief Financial Officer of IRCTC, effective January 16. At the time of appointment, Sudhir Kumar was GGM (Finance) at IRCTC.

Power Finance Corporation

The company's subsidiary, PFC Consulting, has transferred two subsidiaries—Gadag II and Koppal II Transmission, and Bijapur Rcz Transmission—to Power Grid Corporation of India and GR Infraprojects for Rs 13.23 crore and Rs 11.4 crore, respectively.

Suraksha Diagnostic

Amit Saraf has resigned as Chief Financial Officer of the company, effective February 15, 2025.

Indian Bank

The Government has appointed Binod Kumar as the Managing Director & Chief Executive Officer of Indian Bank for three years. Hence, Binod Kumar has ceased to be the Executive Director of Punjab National Bank.

TVS Motor Company

The company announced its entry into Morocco in collaboration with its distribution partner, Hindi Motors. It is launching two-wheelers—TVS Ntorq 125, TVS Raider 125, and TVS Apache 160 and 200—in Morocco.

Bajaj Healthcare

The company has received exclusive rights for manufacturing, distribution, and sales of the finished formulation of the product Magnesium L Threonate (Magtein) in India from the rights holder, Threotech LLC. The brand Magtein by Threotech LLC has a sales value of approximately $438 million.

Panache Digilife

The company has signed a Manufacture and Supply Agreement with a global customer to manufacture and supply laptops.

Bank of India

CTBC Bank Co. and Standard Chartered Bank Plc, acting as mandated lead arrangers, underwriters, and book-running banks, have arranged a loan of $300 million for the Bank of India. The borrowing also includes a $100 million green shoe option. Syndication was launched on January 8, 2025, and to attract global investors' attention, roadshows are being held on January 17 in Singapore and on January 20, 2025, in Taipei.

Jubilant Pharmova

The company’s subsidiary, Jubilant Cadista Pharmaceuticals Inc.'s solid oral formulations facility at Salisbury, USA, was inspected by the United States Food and Drug Administration (USFDA). USFDA has issued five observations, with no repeat observations. As we advance, the facility is not expected to manufacture any products as it has closed its manufacturing operations, as referenced in the previous disclosure dated April 18, 2024.

Zaggle Prepaid Ocean Services

Zaggle has entered into a customer service agreement with HT Media to provide Zaggle Save (employee expense management & benefits). Further, the company has signed a propel service agreement with Neuroglia Health to give the Zaggle Propel reward platform.

Stocks Trade Ex-Date for Rights

Interactive Financial Services, IEL

Stocks Trade Ex-Dividend

HCL Technologies, Tata Consultancy Services, Vantage Knowledge Academy

Stocks Trade Ex-Date for Split

Arunjyoti Bio Ventures, Jai Balaji Industries

Stocks Trade Ex-Bonus

Kitex Garments, Sattva Sukun Lifecare

F&O Ban

Aarti Industries, Aditya Birla Fashion & Retail, Angel One, Bandhan Bank, Hindustan Copper, Kalyan Jewellers, L&T Finance, Manappuram Finance, RBL Bank