#1 Profit grows 14.8 percent to Rs 373 crore Vs Rs 325 crore, QoQ
#2 Revenue increases 5.7 percent to Rs 3,062.3 crore Vs 2,897.2 crore, QoQ
UltraTech Cement, Dr Reddy’s Laboratories, Hindustan Petroleum Corporation, Indus Towers, United Spirits, Adani Energy Solutions, Adani Green Energy, Amber Enterprises India, Capri Global Capital, Cyient, Greaves Cotton, Indian Energy Exchange, KFin Technologies, Mankind Pharma, Mphasis, Nippon Life India Asset Management, Senores Pharmaceuticals, Sona BLW Precision Forgings, Spandana Sphoorty Financial, Suryoday Small Finance Bank, Syngene International, Tejas Networks, Thyrocare Technologies, Ujjivan Small Finance Bank, V2 Retail, and Zee Entertainment Enterprises will announce their quarterly earnings on January 23.
Bharat Petroleum Corporation Limited (BPCL) on January 22 reported 20 percent rise in consolidated net profit at Rs 3,806 crore for the quarter ended December 31, 2024 on account of healthy marketing margins. It reported net profit of Rs 3,181 crore in the year-ago period.
The state-run oil retailer’s net profit jumped 66 percent sequentially, as it posted profit of Rs 2,297 crore in the September quarter. BPCL’s revenue from operations decreased 2 percent to Rs 1.27 lakh crore in Q3FY25 as against Rs 1.3 lakh crore in the year-ago period.
The company’s board declared an interim dividend of Rs 5 per equity share.
The refinery throughput of the company was 9.54 million metric tonne (MMT) during the quarter, compared to 9.86 MMT last year.
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Cigniti Tech | 1,609.95 | 8.1 | 381 |
| COFORGE LTD. | 8,790.00 | 6.87 | 3.99k |
| Persistent | 5,928.45 | 4.28 | 6.29k |
| Accelya | 1,562.00 | 3.29 | 592 |
| Oracle Fin Serv | 9,779.50 | 1.99 | 85 |
| Zensar Tech | 765.15 | 1.95 | 8.52k |
| Axiscades Tech | 747.00 | 1.62 | 20 |
| Birlasoft | 535.80 | 1.1 | 312 |
| KPIT Tech | 1,307.80 | 1.02 | 1.43k |
| Intellect Desig | 894.80 | 0.98 | 476 |
| Wipro | 312.00 | 0.95 | 63.49k |
| Sonata | 559.00 | 0.92 | 143 |
| Tata Elxsi | 6,214.70 | 0.81 | 198 |
| MphasiS | 2,831.60 | 0.8 | 288 |
| Happiest Minds | 719.00 | 0.47 | 271 |
| Tata Tech | 802.95 | 0.44 | 3.71k |
| Netweb | 1,945.75 | 0.41 | 1.09k |
| LTIMindtree | 5,871.90 | 0.41 | 78 |
| Infosys | 1,863.75 | 0.39 | 5.19k |
| TCS | 4,169.90 | 0.38 | 3.58k |
#1 Q3 profit in-line: decent results in a tough macro environment
#2 Marginal increase in credit costs because of higher agri slippages
#3 Management expects NIM to improve once macro environment improves
#1 Profit soars 32.3 percent to Rs 63.6 crore Vs Rs 48.04 crore, YoY
#2 Revenue grows 10.3 percent to Rs 516.4 crore Vs Rs 468 crore, YoY
#1 Rupee revenue up 8.4 percent at Rs 3,318.2 crore versus Rs 3,062.3 crore, QoQ
#2 EBIT up 10 percent at Rs 315.7 crore versus Rs 287.3 crore, QoQ
#3 Margin at 9.5 percent versus 9.4 percent, QoQ
#1 Profit jumps 19.1 percent to Rs 3,001 crore Vs Rs 2,519 crore, YoY
#2 Revenue grows 1.4 percent to Rs 15,408 crore Vs Rs 15,188 crore, YoY
#3 EBITDA increases 0.8 percent to Rs 3,570 crore Vs Rs 3,540 crore, YoY
#4 Margin falls 10 bps to 23.2 percent Vs 23.3 percent, YoY
#5 Exceptional gain of Rs 509 crore Vs loss of Rs 30 crore, YoY
#6 Board approves demerger of ice cream business, Kwality Wall’s (India)
#7 Board approves acquisition of palm undertaking of Vishwatej Oil Industries, as a part of HUL’s palm localisation strategy
#8 Board approves acquisition of 90.5 percent stake in Uprising Science for cash consideration of Rs 2,670 crore at a pre-money enterprise valuation of Rs 2,955 crore
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Despite positive global cues, the Indian indices opened lower on January 23.
The Sensex was down 155.07 points or 0.20 percent at 76,249.92, and the Nifty was down 52.30 points or 0.23 percent at 23,103.05. About 950 shares advanced, 1109 shares declined, and 177 shares unchanged.
UltraTech Cement, BPCL, Wipro, TCS, Infosys were among major gainers on the Nifty, while losers were Nestle, SBI, ICICI Bank, L&T, Britannia.
Yesterday, the Nifty tumbled below the 23,000 mark, while sectoral indices like Realty dropped 4.05%, and broader markets also saw losses. The India VIX surged 3.56%, and USD/INR remained firm at 86.57. Despite this, Gift Nifty is aiming for a rebound this morning, though uncertainty persists with US President Trump’s tariff threats on Canada, Mexico, and BRICS nations.
Expect heightened volatility in 2025 with upcoming events like the Federal Reserve meeting, the Union Budget, and Delhi Assembly elections.
Key stocks to watch today include HDFC Bank, HUL, Pidilite, BPCL, Polycab, Persistent Systems, Coforge, and Tata Communications, which are all reporting their Q3 earnings.
Stocks To Watch, Jan 23: Stocks like Gravita India, Laxmi Organic Industries, Go Digit General Insurance, Paras Defence and Space Technologies, Piramal Pharma, Shiva Cement, Allcargo Terminals, Effwa Infra & Research, Sammaan Capital, and Jupiter Wagons will be in focus on January 23….Read More
Heavyweight-led rally supported the Index to conclude the trade higher at 23,155. The daily chart indicates a Hammer candlestick pattern, with a potential positive divergence in the RSI. A sustained move above 23,400 could confirm this divergence while a close below 23,000 could lead to a drop toward 22,800. The 23,000 level will serve as immediate support, while resistance appears to be capped at 23,280. With a Gravestone DOJI candlestick pattern, BankNifty has created a new range of 48,300-49,500.
The IT sector is at the higher end of its consolidation, we can probably anticipate a breakout on the higher side. How the market participants decode the earnings of HUL would derive the trend of the FMCG segment. The Pharma sector has extended its consolidation within the range, awaiting a breakout for better clarity of trend. As long as Mid and Smallcaps are correcting, any rally will not be that reliable.