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Stocks in Focus Today: Indian stock markets are expected to see some action in the following stocks, as several companies have reported their quarterly
earnings, announced key corporate developments, and witnessed activity in the IPO segment. From strong profit growth in IT and banking stocks to pressure on consumer and chemical companies, here is a comprehensive roundup of stocks to watch today, driven by earnings performance, regulatory approvals, joint ventures, and public listings.
Here is a list of stocks to be in focus today:
United Spirits Q3 Results
United Spirits reported a 24.8 per cent jump in profit to Rs 418 crore, compared to Rs 335 crore in the same period last year. Revenue for the quarter rose 7.6 per cent to Rs 3,694 crore, up from Rs 3,433 crore year-on-year.Persistent Systems Q3 Performance
Persistent Systems posted a 17.8 per cent rise in profit at Rs 439.4 crore, versus Rs 372.9 crore a year ago. Revenue surged 23.4 per cent to Rs 3,778.2 crore, compared to Rs 3,062.2 crore in the corresponding quarter.Supreme Petrochem Q3 Earnings
Supreme Petrochem saw its profit plunge 57.7 per cent to Rs 30.1 crore, from Rs 71.4 crore last year. Revenue declined 10 per cent to Rs 1,264.7 crore, against Rs 1,405.3 crore year-on-year.Shoppers Stop Q3 Results
Shoppers Stop reported a 69.1 per cent fall in profit to Rs 16.12 crore, compared with Rs 52.2 crore in the year-ago period. Revenue, however, rose 2.6 per cent to Rs 1,415.8 crore, from Rs 1,379.5 crore.AU Small Finance Bank Q3 Update
AU Small Finance Bank recorded a 26.3 per cent surge in profit to Rs 667.6 crore, versus Rs 528.4 crore last year. Net interest income increased 15.7 per cent to Rs 2,341.3 crore, compared to Rs 2,022.7 crore.Vikram Solar Q3 Results
Vikram Solar reported a more than five-fold jump in profit to Rs 98.1 crore, compared with Rs 19.02 crore year-on-year. Revenue rose 7.8 per cent to Rs 1,105.9 crore, from Rs 1,026 crore.IndiaMART InterMESH Q3 Results
IndiaMART InterMESH posted a 55.6 per cent rise in consolidated profit to Rs 188.3 crore, compared to Rs 121 crore a year ago. Revenue increased 13.4 per cent to Rs 401.6 crore, from Rs 354.3 crore.Corporate Updates
Coal India receives a concession licence
Coal India Ltd said it has received a mineral concession licence from the Ministry of Mines for the Kawalapur rare earth element block in Maharashtra.Unimech Aerospace and Manufacturing JV announcement
Bengaluru-based Unimech Aerospace and Manufacturing Ltd announced a joint venture with Gulf-based Yusuf Bin Ahmed Kanoo Company Ltd.Tata Steel acquisition clearance
The Competition Commission of India approved Tata Steel’s proposal to acquire a 50.01 per cent equity stake in Odisha-based Thriveni Pellets.JSW Energy power supply agreement
JSW Energy said its arm, JSW Thermal Energy Two Ltd, signed an agreement with the West Bengal State Electricity Distribution Company to supply power from a 1,600 MW greenfield thermal project in Salboni, West Bengal.RBL Bank stake acquisition approval
The Competition Commission of India approved Emirates NBD Bank’s proposal to acquire a majority stake in RBL Bank Ltd.Cipla strategic partnership
Cipla announced a partnership with Immunoadoptive Cell Therapy to commercialise talicabtagene autoleucel, an indigenously developed CAR-T cell therapy, in South Africa, Algeria, and Morocco.Apollo Micro Systems expansion plan
Apollo Micro Systems announced an investment of Rs 300 crore in Telangana to set up a new electronics and electro-mechanical manufacturing facility.InterGlobe Aviation (IndiGo) regulatory update
The DGCA stated that sustained regulatory oversight and corrective measures have helped stabilise IndiGo’s operations, and the airline now has an adequate number of pilots to ensure compliance with the new flight duty norms without disruptions.IPO in Focus
Amagi Media Labs IPO Listing
Amagi Media Labs' IPO is set to enter the secondary market today. The IPO was subscribed over 30 times, with allotment finalised on January 19. Ahead of listing, the grey market premium stands at minus Rs 1, indicating a discounted listing of around Rs 360, compared with the upper price band of Rs 361.Shadowfax Technologies IPO Subscription Update
Shadowfax Technologies' IPO entered its second day of subscription. The issue was subscribed to 50 per cent on Day 1. Following the first day, the grey market premium slipped to Rs 4 from Rs 6, reflecting an estimated gain of Rs 480 per lot of 120 shares.(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
