Stock Market Today: All You Need To Know Going Into Trade On Jan. 17
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
US markets saw a downward trend on Thursday, with the S&P 500 slipping 0.21% to close at 5,937.34. The Dow Jones declined 0.16% to 43,153.13 and the Nasdaq Composite dropped 0.89% to 19,338.29.
S&P 500 futures edged lower by 0.03% and Dow Jones futures was flat. Meanwhile, Nasdaq futures eased by 0.08%.
In Asia-Pacific, stocks were mixed. Japan's Nikkei 225 was down 0.9%, while Australia's S&P/ASX 200 was 0.2% higher. South Korea's Kospi slipped 0.22%.
The benchmark indices extended gains for the third straight session on Thursday. The NSE Nifty 50 ended 98.60 points or 0.42% higher at 23,311.80, and the Sensex closed 318.74 points or 0.42% higher to 77,042.82.
Foreign portfolio investors remained net sellers of Indian equities for 10 straight sessions on Thursday and domestic institutional investors have been buyers for 22 consecutive sessions.
The FPIs sold stocks worth Rs 4,342 crore and domestic institutional investors bought stocks worth Rs 2,928.7 crore, according to provisional data from the National Stock Exchange.
The Indian rupee weakened by 18 paise to close at 86.54 against the US dollar.
Earnings Today
Tech Mahindra, Wipro, ICICI Lombard General Insurance Co., Indian Hotels Co., Jio Financial Services, 5Paisa Capital, Aether Industries, Concord Enviro Systems, Ganesh Housing Corp., Mamata Machinery, Rajoo Engineers, Rallis India, Ramkrishna Forgings, Sanathan Textiles, SBI Life Insurance Co., Seshasayee Paper & Boards, SG Finserve, Supreme Petrochem, Steel Strips Wheels, Sterlite Technologies, Swaraj Engines
Earnings Post Market Hours
Axis Bank Q3FY25 (Consolidated, YoY):
Net profit up 3.8% to Rs 6,304 crore versus Rs 6,071 crore (YoY).
NII up 9% to Rs 13,606 crore versus Rs 12,532 crore (YoY).
Gross NPA at 1.46% versus 1.44% (QoQ).
Net NPA at 0.35% versus 0.34% (QoQ).
Infosys Q3FY25 (Consolidated, QoQ)
Revenue up 1.9% to Rs 41,764 crore versus Rs 40,986 crore (Bloomberg Estimate Rs 41,331 crore).
Ebit up 3% to Rs 8,912 crore versus Rs 8,649 crore (Bloomberg Estimate Rs 8,762 crore).
Ebit margin at 21.3% versus 21.1% (Bloomberg Estimate 21.2%).
Net profit up 4.6% to Rs 6,806 crore versus Rs 6,506 crore (Bloomberg Estimate Rs 6,787 crore).
Hatsun Agro Products Q3FY25 (Consolidated, YoY)
Revenue up 6.5% to Rs 2,010 crore versus Rs 1,887 crore.
Ebitda flat at Rs 214 crore.
Ebitda margin at 10.7% versus 11.3%.
Net profit down 28.7% to Rs 40.9 crore versus Rs 57.4 crore.
Havells India Q3FY25 (Consolidated, YoY)
Revenue up 10.8% to Rs 4,889 crore versus Rs 4,414 crore.
Ebitda down 1.6% to Rs 426 crore versus Rs 433 crore.
Margin at 8.7% versus 9.8%.
Net profit down 3.5% to Rs 278 crore versus Rs 288 crore.
Board declares interim dividend of Rs 4 per share.
Reliance Industries Q3FY25 (Consolidated, QoQ)
Revenue up 4% to Rs 2.39 lakh crore versus Rs 2.32 lakh crore.
Ebitda at Rs 43,789 crore versus Rs 39,058 crore.
Margin at 18.2% versus 16.9%.
Net profit up 13.5% to Rs 21,930 crore versus Rs 19,323 crore.
O2C: Revenue down 4% to Rs 1.49 lakh crore versus Rs 1.55 lakh crore.
Oil & Gas: Revenue up 2% to Rs 6,370 crore versus Rs 6,222 crore.
Retail: Revenue up 18% to Rs 90,351 crore versus Rs 76,325 crore.
Digital: Revenue up 4% to Rs 39,733 crore versus Rs 38,055 crore.
Other Revenue: Up 5% to Rs 12,236 crore versus Rs 11,623 crore.
Reliance Jio Q3FY25 (Consolidated, QoQ)
Revenue up 3% to Rs 29,307 crore versus Rs 28,338 crore.
Ebitda up 3% to Rs 15,478 crore versus Rs 15,036 crore.
Margin at 52.8% versus 53.1%.
Net profit up 4% to Rs 6,477 crore versus Rs 6,231 crore.
Net subscriber addition at 3.3 million.
ARPU at Rs 203.3 versus Rs 195.1.
Metro Brands Q3FY25 (Consolidated, YoY)
Revenue up 10.6% to Rs 703 crore versus Rs 636 crore.
Ebitda up 13.1% to Rs 225 crore versus Rs 199 crore.
Ebitda margin at 32% versus 31.3%.
Net profit down 3.7% to Rs 95.1 crore versus Rs 98.8 crore.
LTIMindtree Q3FY25 (Consolidated, QoQ)
Revenue up 2.4% to Rs 9,660 crore versus Rs 9,433 crore (Bloomberg Estimate Rs 9,648 crore).
Ebit down 8.9% to Rs 1,329 crore versus Rs 1,458 crore (Bloomberg Estimate Rs 1,366 crore).
Ebit margin at 13.8% versus 15.5% (Bloomberg Estimate 14.2%).
Net profit down 13.3% to Rs 1,086 crore versus Rs 1,252 crore (Bloomberg Estimate Rs 1,144 crore).
ALSO READ
Q3 Results Updates: Reliance Industries Profit Rises 14%; Jio, Retail Also See Growth In Profit
Stocks To Watch
Lemon Tree Hotels: The company has signed a licence agreement for Lemon Tree Hotel in Valsad, Gujarat. The property will be managed by Carnation Hotels Pvt., a wholly owned subsidiary of Lemon Tree Hotels Ltd., and is expected to open in fiscal 2029.
Concord Biotech: The company has entered into a share purchase agreement with Clean Max Everglades and Clean Max Enviro Energy Solutions to acquire a 26% stake in Clean Max from Clean Max Enviro Energy Solutions Pvt. Ltd.
Easy Trip Planners: EaseMyTrip's Easy Darshan platform launched Theerth Yatri Sewa Booth in partnership with Ayodhya Development Authority.
Borosil Renewables: The company’s Germany-based arm, GMB, has implemented a temporary cooldown of its furnace. Processing facilities at GMB will remain operational with a reduced workforce, and full operations are expected to resume once demand recovers.
AlA Engineering Ltd.: The company's UAE-based arm, Vega Industries, will set up facilities in China and Ghana to produce Hi-Chrome Grinding Media. The arm plans to invest $50 million for capacity expansion, adding 100,000 MTPA capacity in both countries.
MOIL : The company received a GST demand order worth Rs 40.57 crore including penalty from Jabalpur tax authority.
One Mobikwik Systems: The company has partnered with Piramal Finance to offer personal loans to its app users across India. Loan amounts for ZIP EMI range from Rs 50,000 to Rs 2 lakh.
Indian Railway Finance Corp.: The company has received an 'excellent' rating from the Ministry of Finance for its MoU performance in fiscal 2024.
HFCL: The company has secured an order worth Rs 2,501 crore from BSNL for the middle-mile network of BharatNet Phase III in Punjab. The order is to be completed within a timeframe of three years.
AstraZeneca Pharma India: The company received CDSCO approval to import pharmaceutical formulations of Eculizumab concentrate.
G R Infraprojects: The company has entered into an agreement with PFC Consulting to acquire Bijapur REZ Transmission for Rs 11.40 crore.
Bharat Petroleum Corp.: The company has signed a loan agreement worth Rs 31,802 crore with an SBI-led consortium to finance projects planned at Bina.
PNC Infratech: The company has received approval from NHAI to transfer PNC Infra Holdings' stake to two subsidiary companies.
Indian Railway Catering and Tourism Corp.: The company's board has appointed Sudhir Kumar as chief financial officer.
Suraksha Diagnostic: Amit Saraf has resigned from the position of chief financial officer due to personal reasons.
Power Finance Corp.: The company's two arms — Gadag II and Koppal II Transmission and Bijapur REZ Transmission has been transferred to Power Grid for Rs 13 crore and GR Infra for Rs 11 crore respectively.
Mastek: The company has appointed Umang Nahata as the chief executive officer of Mastek Group, for a term of three years, effective Jan.16.
Punjab National Bank: The company appointed Ashok Chandra as the managing director and chief executive officer, effective from Jan.16.
IRIS Business Services: The company has entered into an agreement with the Karnataka government to support the growth of the MSME ecosystem.
IPCA Laboratories: The company has received an order from the Assistant Commissioner CGST, Ratlam, demanding Rs 54,25,772 for fiscal 2017-18 to 2021-22.
Mangalore Refinery & Petrochemicals: The company has launched its first 'Toluene Parcel'.
Bajaj Healthcare: The company has acquired exclusive rights for the finished formulation of Magtein in India from Threotech.
Jammu and Kashmir Bank: The company has received a warning letter from the Securities and Exchange Board of India for the delayed submission regarding the appointment of managing director and chief executive officer.
Indian Renewable Energy Development Agency: The company has entered into a joint venture agreement with GMR Energy, GMR Power, and others for a hydroelectric power project. The agreement is for the execution and operation of a 900-megawatt hydroelectric power project in Nepal.
TVS Motor Co.: The company has partnered with distribution partner Hindi Motors to enter the Moroccan market.
KPI Green Energy: KPI Green Energy has shared an update on the progress of its GUVNL 50 megawatt IPP Hybrid Project, with plans to complete the project ahead of schedule.
Cyient: The company has established 'Cyient Semiconductors Europe Pvt. Ltd.' in England and Wales, UK, as a step-down subsidiary.
IPO Offerings
Stallion India Fluorochemicals Ltd.: The public issue was subscribed to 7.08 times on the day one. The QIBs bid at 0.04 times, non-institutional investors bidding was at 10.36 times, retail individual investors bidding was at 9.69 times.
Trading Tweaks
Price Band Change From 10% to 5%: Sri Adhikari Brothers Television Network
Ex/Record Date for Special Dividend: HCL Technologies, Tata Consultancy Services
Ex/Record Date for Interim Dividend: HCL Technologies, Tata Consultancy Services, Vantage Knowledge Academy
Ex/Record Date for Stock Split: Jai Balaji Industries
Ex/Record Date for Bonus Issue: Kitex Garments,
Move Out of ASM Framework: Goldiam International, PTC Industries
Who's Meeting Whom?
Info Edge (India): To meet analysts and investors on Jan. 22.
Shalby: To meet analysts and investors on Jan. 23.
F&O Cues
Nifty January futures up by 0.61% to 23,406.9 at a premium of 95 points.
Nifty January futures open interest down by 0.26%
Nifty Options Jan. 23 Expiry: Maximum call open interest at 24,500 and maximum put open interest at 22,000
Securities in ban period: Aarti Industries, Aditya Birla Fashion and Retail, Angle One, Bandhan Bank, Hindustan Copper, L&T Finance, RBL Bank, Kalyan Jewellers, Manappuram Finance
Money Market
The rupee resumed its slump against the greenback on Thursday as the dollar index steadied in the European session. Moreover, crude oil prices were trading near over five-month high, which also pressured the Indian unit.
Rupee weakened by 18 paise to close at 86.54 against the US Dollar on Thursday. Indian unit settled at 86.36 a dollar on Wednesday.
