Stocks to watch on January 15: Domestic markets could see a gap-up on Monday amid December quarter results, and despite largely weak global sentiment.
At 7:40 AM, Gift Nifty was trading 96 points higher at 22,043 levels.
Asian shares are trading mixed, with Nikkei rising 0.57 percent. Kospi, Hang Seng and Shanghai Composite, meanwhile, fell to 0.76 percent.
READ: LIVE UPDATES FROM THE STOCK MARKET
Last Friday, the Dow Jones Industrial Average lost 0.31 percent, but the S&P 500 ended the day 0.08 percent higher and the tech-heavy Nasdaq Composite closed 0.02 percent higher.
Here’s a list of stocks to watch today:
Q3FY24 earnings today: Angel One, Brightcom Group, Choice International, Jai Balaji Industries, Jio Financial Services, Kesoram Industries and PCBL.
It posted a net profit of Rs 2,700 crore for the third quarter ended December 2023, down 12 per cent from a year ago but up 1.2 per cent quarter-on-quarter.
HCL technologies: The company’s revenue for the quarter grew 6.5 percent year-on-year to Rs 28,446 crore, and 6.7 percent quarter-on-quarter.
This is one of the highest revenue growth since Q3FY21. It reported a net profit of Rs 4,350 crore, up 6.2 percent year-on-year and 13.5 percent sequentially.
Avenue SupermarketsThe owner and operator of retail chain DMart on Saturday reported a 17 per cent rise in its consolidated net profit to Rs 690.41 crore for the third quarter ended December 31.
Operating revenue rose 17.31 percent to Rs 13,572.47 crore during the quarter.
Sheela foam: The company has completed the acquisition of 2.57 percent share capital of Kurlon Enterprises for a total consideration of approximately Rs 55.33 crore. Sheela Foam Limited now owns 97.23 percent of KEL’s share capital.
BHEL: Bharat Heavy Electricals has received a Letter of Award (LoA) for the EPC package for the Talabira Thermal Power Project (NTTPP) from NLC India Limited. The order size is over Rs 15,000 crore.
Tata Consumer Products: Tata Consumer Products has signed definitive agreements to acquire 100 percent of the shares of Capital Foods, owner of the ‘Ching’s Secret’ and ‘Smith & Jones’ brands, in a phased manner.
75 percent of the equity stake will be acquired upfront and the remaining 25 percent will be acquired within the next three years, the company said.
Just callIt reported a 22.3 percent year-on-year increase in consolidated net profit to Rs 92 crore in Q3FY24, compared to a PAT of Rs 75.3 crore.
Avalon Technologies: The company is now a strategic manufacturing partner for C-DAC (Centre for Development of Advanced Computing), a leading R&D organization of the Ministry of Electronics and Information Technology (MeitY).
Good luck India: Goodluck India Ltd. has launched its qualified institutional placement to raise up to Rs 200 crore.
The company’s board has set the floor price for the issue at Rs 989.40 per piece, a 10 percent discount to the closing price of Rs 1,100.50 per piece on Friday.
Life insurance company: It has received a tax claim worth Rs 1,370.6 crore from the Mumbai tax authorities.
Allcargo Gati: The company’s total monthly volume, including surface and air express, was 105 kilotons, up 7 percent year-on-year.
InterGlobe Aviation: The company has received an order from Sri Lanka Customs imposing a fine of 50,000 Sri Lankan Rupees (approximately Rs 13,000) for violation of Section 63 of the Customs Ordinance (Chapter 235), Sri Lanka.
First print: January 15, 2024 | 08:00 IST
