13 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 on January 13
HCL Technologies, Anand Rathi Wealth, Angel One, Delta Corp, Den Networks, Himadri Speciality Chemical, Lotus Chocolate Co, Marathon Nextgen Realty, Urja Global, Sarthak Industries, and Sree Jayalakshmi Autospin will release quarterly earnings scorecard on January 13.
Quarterly Earnings
Avenue Supermarts-DMart Q3 (Consolidated YoY)
Profit grows 4.8% to Rs 723.7 crore Vs Rs 690.6 crore
Revenue jumps 17.7% to Rs 15,972.5 crore Vs Rs 13,572.5 crore
EBITDA increases 8.7% to Rs 1,217.2 crore Vs Rs 1,119.9 crore
Margin drops 70 bps to 7.6% Vs 8.3%
Board appoints Anshul Asawa as Chief Executive Officer Designate of the company effective March 15, 2025
Ignatius Navil Noronha to complete his current term of 5 years as Managing Director of the company on January 31, 2026
Anshul Asawa to succeed Ignatius Navil Noronha taking on full responsibilities as MD & CEO effective February 1, 2026
Just Dial Q3 (YoY)
Profit zooms 42.7% to Rs 131.3 crore Vs Rs 92.01 crore
Revenue grows 8.4% to Rs 287.3 crore Vs Rs 265.05 crore
EBITDA jumps 43.4% to Rs 86.6 crore Vs Rs 60.37 crore
Margin expands 740 bps to 30.1% Vs 22.7%
PCBL Q3 (Consolidated YoY)
Profit tanks 37.07% to Rs 93.1 crore Vs Rs 148 crore
Revenue grows 21.3% to Rs 2,010 crore Vs Rs 1,656.8 crore
EBITDA increases 13.7% to Rs 317.3 crore Vs Rs 279 crore
Margin declines 100 bps to 15.8% Vs 16.8%
The company declares an interim dividend of Rs 5.50 per share
Equinox India Developments Q3 (Consolidated YoY)
Profit stands at Rs 22.2 crore Vs loss of Rs 38.65 crore
Revenue zooms 177% to Rs 278.5 crore Vs Rs 100.55 crore
Quarterly Earnings (Provisional Numbers)
Ugro Capital Q3 (YoY)
AUM increases 32.1% to Rs 11,050 crore Vs Rs Rs 8,364 crore
Loan origination surges 32.1% to Rs 2,050 crore Vs Rs 1,552 crore
NCL Industries Q3 (YoY)
Cement production drops 12% to 6.61 lakh million tonnes (MT) Vs 7.49 lakh MT
Cement dispatches fall 11% to 6.62 lakh MT Vs 7.41 lakh MT
Cement boards production is down 3% at 20,231 MT Vs 18,762 MT
Cement board dispatches decline 5% to 18,743 MT Vs 19,782 MT
Doors production & sales jump 39% to 8,680 units Vs 6,237 units
Sunteck Realty Q3 (YoY)
Pre-sales grow 40% to Rs 635 crore Vs Rs 455 crore
Collections drop 23.3% to Rs 336 crore Vs Rs 438 crore
Stocks To Watch
Oberoi Realty
The Slum Rehabilitation Authority, Brihanmumbai, has appointed the company as a developer for 10,300 square meters of land at Bandra Reclamation, Mumbai. The land is owned by the Maharashtra Housing and Area Development Authority. The company expects to be entitled to a free-sale component of around 3.2 lakh square feet from the development and redevelopment of the land.
JSW Energy
The company's subsidiary, JSW Neo Energy, has completed the acquisition of 125 MW of renewable energy assets from Hetero Labs and Hetero Drugs, housed under three special purpose vehicles, for Rs 630 crore.
Waaree Energies
The company has entered into a Share Purchase Agreement with Enel Green Power Development S.r.l for the acquisition of a 100% stake in Enel Green Power India for Rs 792 crore. Enel Green Power Development is one of Europe’s largest renewable energy companies, and Enel Green Power India is its Indian business.
Signature Global
The company has executed a Sale Deed for the acquisition of a 16.12-acre land parcel in Gurugram, Haryana. The land has an overall potential developable area of approximately 2.73 million square feet.
Sudarshan Pharma Industries
The company has received Board approval for raising funds up to Rs 188.34 crore via a preferential issue.
Poly Medicure
The company has signed a joint venture agreement with AMPIN C&I Power to set up a solar power project in Haryana. The company will own a 26% shareholding in the joint venture, while the remainder 74% will be owned by AMPIN C&I Power. This project will be set up to supply power to the company as a captive generating plant for its manufacturing facility in Haryana.
ICICI Lombard General Insurance Company
The company has received a favorable ruling from the Income Tax Department, Mumbai, in several tax litigations, which resulted in a tax relief of Rs 174.61 crore. The company has received a combined order from the Commissioner of Income Tax, Mumbai, allowing all substantive grounds raised in appeals filed for assessment years 2012-13, 2015-16, 2016-17, and 2017-18.
Adani Wilmar
Adani Commodities, one of the promoters of Adani Wilmar, is set to exercise the oversubscription option in the offer-for-sale issue for a 1.51% stake on January 13, in addition to the base offer size of a 13.5% stake. Hence, the total number of shares in the offer of Adani Wilmar will be up to 15.01% of the paid-up equity share capital. The floor price for the issue is Rs 275 per share.
Interarch Building Products
The company has received orders worth Rs 221 crore in the semiconductor and lithium-ion battery sectors from TATA Projects.
Biocon
The US Food and Drug Administration (FDA) has classified Biocon Biologics’ insulin facilities in Johor Bahru, Malaysia, as Voluntary Action Indicated (VAI). The US health regulator conducted a cGMP inspection of the facilities between September 15 and 27, 2024.
HEG
The company's subsidiary, TACC, has entered into a non-binding Memorandum of Understanding (MOU) with Ceylon Graphene Technologies to explore graphene manufacturing and its derivatives jointly.
NLC India
The company's subsidiary, NLC India Renewables, has signed a Joint Venture Agreement with Assam Power Distribution Company to develop a solar power project in Assam.
Indian Overseas Bank
The bank has invited an Expression of Interest from asset reconstruction companies (ARCs) for 46 NPA (non-performing assets) accounts worth Rs 11,433.72 crore. Eligible ARCs and other transferees can submit their Expression of Interest by January 18, 2025, to participate in the e-auction of the 46 NPA accounts scheduled for January 30, 2025. Additionally, the bank has increased the MCLR (marginal cost of funds-based lending rate) by 5 bps for three-month, six-month, and one-year tenures, and by 10 bps for the two-year tenure, effective January 15.
Bank of Baroda
The public sector lender has kept the marginal cost of funds-based lending rate (MCLR) unchanged for all tenures.
Ola Electric Mobility
The electric two-wheeler company has received further requests for information from the Central Consumer Protection Authority (CCPA) concerning the ongoing investigation into over 10,000 consumer complaints related to its electric two-wheelers.
Nazara Technologies
Nodwin Singapore has transferred its 100% shareholding in Ninja Turkey to Nodwin Gaming Global FZCO (Nodwin UAE). Accordingly, Ninja Turkey ceased to be a wholly owned subsidiary of Ninja (a subsidiary of Nodwin Singapore) and became a wholly owned subsidiary of Nodwin UAE. Nodwin Gaming (Nodwin) is a material subsidiary of Nazara Technologies. Nodwin Singapore is a wholly owned subsidiary of Nodwin, and Nodwin UAE is a wholly owned subsidiary of Nodwin Singapore.
Mainboard Listing on January 13
Standard Glass Lining Technology
SME Listing on January 13
Indobell Insulations
Stock Trades Ex-Date for Split
Shardul Securities
F&O Ban
Bandhan Bank, Hindustan Copper, L&T Finance, Manappuram Finance, RBL Bank
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