14 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
HDFC Asset Management Company, Hathway Cable & Datacom, Network18 Media & Investments, Shoppers Stop, SRM Energy, Atishay, and Benares Hotels will announce their quarterly earnings on January 14.
Quarterly Earnings
HCL Technologies Q3 (Consolidated QoQ)
Profit grows 8% to Rs 4,591 crore Vs Rs 4,235 crore
Revenue rises 3.6% to Rs 29,890 crore Vs Rs 28,862 crore
EBIT increases 8.6% to Rs 5,821 crore Vs Rs 5,362 crore
EBIT margin expands 90 bps to 19.5% Vs 18.6%
Dollar revenue climbs 2.6% to $3,533 million Vs $3,445 million
The company declares a dividend of Rs 18 per share
The company expects full-year revenue growth in constant currency in the range of 4.5-5% YoY and EBIT margin of 18-19%
Angel One Q3 (Consolidated YoY)
Profit grows 8.1% to Rs 281.5 crore Vs Rs 260.3 crore
Revenue increases 19.2% to Rs 1,262.2 crore Vs Rs 1,059 crore
Board approves interim dividend of Rs 11 per share
Board appoints Ambarish Kenghe as Group Chief Executive Officer effective March 6, 2025
Anand Rathi Wealth Q3 (Consolidated YoY)
Profit zooms 33.2% to Rs 77.3 crore Vs Rs 58 crore
Revenue increases 29.9% to Rs 237 crore Vs Rs 182.4 crore
EBITDA jumps 34.1% to Rs 107 crore Vs Rs 79.8 crore
Margin expands 150 bps to 45.2% Vs 43.7%
Himadri Speciality Chemical Q3 (Consolidated YoY)
Profit grows 30.5% to Rs 142.06 crore Vs Rs 108.8 crore
Revenue increases 8.4% to Rs 1,140.7 crore Vs Rs 1,052.5 crore
EBITDA jumps 27% to Rs 220.9 crore Vs Rs 173.9 crore
Margin expands 290 bps to 19.4% Vs 16.5%
Delta Corp Q3 (Consolidated YoY)
Profit rises 3.6% to Rs 35.7 crore Vs Rs 34.5 crore
Revenue falls 7.5% to Rs 194.3 crore Vs Rs 210.1 crore
EBITDA plunges 42.4% to Rs 32.1 crore Vs Rs 55.8 crore
Margin declines 1,000 bps to 16.5% Vs 26.5%
Den Networks Q3 (Consolidated YoY)
Profit drops 14.7% to Rs 40.3 crore Vs Rs 47.3 crore
Revenue falls 4.5% to Rs 260.7 crore Vs Rs 272.9 crore
Marathon Nextgen Realty Q3 (Consolidated YoY)
Profit falls 4.5% to Rs 47.9 crore Vs Rs 50.1 crore
Revenue tanks 41.4% to Rs 123.4 crore Vs Rs 210.4 crore
Adani Energy Solutions Q3 (Provisional Numbers YoY)
Transmission network length spikes to 26,485 ckm (circuit kilometer) Vs 20,422 ckm
Power transformation capacity zooms to 84,286 MVA Vs 54,661 MVA
Average system availability stands at 99.69% Vs 99.68%
Transmission availability stands at 99.21% Vs 99.69%
Stocks To Watch
Bajel Projects
The company has received an order for the supply of goods and services for the construction of 400KV D/C Raipur-Tiroda (Quad ACSR Moose) transmission lines in Chhattisgarh and Maharashtra from Adani Energy Solutions.
JSW Energy
JSW Energy has received a letter of intent from the Resolution Professional for its resolution plan submitted for KSK Mahanadi Power Company under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code. KSK Mahanadi Power Company owns a 3,600 MW thermal power plant in Chhattisgarh.
Bartronics India
Promoter Kinex India is set to sell a 6.29% stake (1.91 crore shares) in the company via an offer-for-sale (OFS) on January 14 and January 15. The floor price for the offer has been set at Rs 22 per share. The OFS will open for non-retail investors on January 14 and for retail investors on January 15.
ITI
The company has received orders worth Rs 35 crore from Sambalpur University in Odisha for Wi-Fi and LAN, and Rs 29.14 crore for an integrated security system from Central Railways. It has forayed into security systems and education/ICT domains.
Bharat Electronics (BEL)
The company has secured additional orders worth Rs 561 crore since December 23, 2024. These include orders for communication equipment, electro-optics, upgrades for satcom networks, radar and fire control systems, spares, and services. With these, BEL's total orders for the current financial year now stand at Rs 10,362 crore.
Hindusthan National Glass & Industries
A First Information Report (FIR) has been registered against Girish Siriram Juneja (Resolution Professional for the company), Ramchandra Parasam Une (Plant Head of Sinnar Plant), and Bharat Gupta (Partner at EY – advisors to the Resolution Professional). According to the company, the registration of the FIR does not warrant disclosure, nor does it constitute litigation or impact the listed entity. However, the disclosure is being made to ensure good corporate governance.
United Spirits
Hina Nagarajan will take up a new role within the Diageo group and has accordingly resigned as Managing Director and Chief Executive Officer of the company, effective March 31, 2025. The Board has appointed Praveen Someshwar as MD & CEO, effective April 1, 2025.
Zee Media Corporation
The Board has approved raising to Rs 400 crore via the issuance of equity shares, bonds, debentures, warrants, or other methods. Additionally, the Board has approved increasing the shareholding limits of FPIs and FIIs from 24% to 49%.
Voltas
The Board has approved the appointment of Kishore Chandrasekharan as Head of Commercial Air Conditioning, effective January 13.
Vijaya Diagnostic Centre
Narasimha Raju KA has resigned as Chief Financial Officer, effective March 31, 2025. The company has elevated Siva Rama Raju, CFA, to Vice President of operations for the entire Vijaya Group. It has also appointed Praveen Velmury as Vice President – Sales and Marketing, and Gurram Vishal as GM – Strategy.
Quess Corp
The company has received an order from the Deputy Commissioner of Income-tax, intimating the balance refundable amount of Rs 20.74 crore for the assessment year 2017-18.
Life Insurance Corporation (LIC)
The Board has approved the infusion of equity capital of LKR 2,000 million (approximately Rs 58.50 crore) in its Sri Lanka subsidiary, Life Insurance Corporation (Lanka), subject to approval from the Insurance Regulatory and Development Authority of India (IRDAI) and the Central Bank of Sri Lanka.
Indian Hotels Company
The company has completed the acquisition of a 55% stake in Rajscape Hotels for Rs 17.66 crore. Rajscape Hotels operates and manages 16 hotels under the Tree of Life Resorts & Hotels brand.
Lumax Industries
Todd Christopher Morgan has resigned as the company's Chief Technology and Innovation Officer, effective January 31, 2025, due to personal reasons.
Piramal Enterprises
Following the sale of Life Molecular Imaging by Life Healthcare, the company (through its subsidiary) is eligible to receive an estimated $140 million, expected in FY26. It may also receive further amounts in subsequent years from eligible profits and future earnouts related to the Imaging Group, subject to a maximum of $200 million (including the $140 million). Life Healthcare Group Holdings has entered into binding agreements to sell Life Molecular Imaging, a member of the Imaging Group. Life Healthcare is part of the group that acquired Piramal Imaging SA from Piramal Enterprises in 2018.
Bulk Deals
Amrutanjan Health Care
Sundaram Mutual Fund sold a 0.7% stake in the company at an average price of Rs 700 per share. As of September 2024, it held a 1.68% stake.
Mainboard Listing on January 14
Quadrant Future Tek, Capital Infra Trust InvIT
SME Listing on January 14
BR Goyal Infrastructure, Delta Autocorp, Avax Apparels and Ornaments
Stock Trades Ex-Date for Rights
GTT Data Solutions
Stock Trades Ex-Date for Income Distribution (InvIT)
Energy Infrastructure Trust
F&O Ban
Aarti Industries, Bandhan Bank, Hindustan Copper, L&T Finance, Manappuram Finance, RBL Bank
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