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Stocks to watch: Shares of firms like Nestle, IndusInd Bank, ONGC, Vedanta, GAIL, Coal India, and others will be in focus on Friday’s trade
Stocks To Watch On January 31
Stocks To Watch On January 31: Markets saw significant volatility on the monthly expiry day but managed to continue their upward momentum for the third consecutive session. Today’s trading will focus on stocks such as Nestle, Vedanta, L&T, Motilal Oswal, Greenlam Industries, and others due to recent news and third-quarter earnings reports.
Q3 Earnings Announcements:
Shares of Nestle India, IndusInd Bank, Sun Pharma, ONGC, Vedanta and Marico will be in focus as the companies will announce their third quarter results today.
Corporate Actions:
- JBM Auto, Kiduja India, Senco Gold, and Mohite Industries will trade ex-split.
- Indraprastha Gas will trade ex-bonus.
- Shares of Automobile Corporation of Goa, Coal India, Emerald Finance, NTPC, Indian Energy Exchange, Gothi Plascon (India), RITES, Motilal Oswal Financial Services, Route Mobile, Persistent Systems, Torrent Pharmaceuticals, and Wealth First Portfolio Managers will trade ex-dividend.
Larsen & Toubro: The company reported a 14% YoY rise in net profit to Rs 3,358.8 crore in Q3 FY24. Revenue grew 17.3% YoY to Rs 64,667.8 crore, with order inflow increasing 52.7% YoY to Rs 1,16,036 crore.
Wipro: The company has secured a five-year contract with Etihad Airways for IT transformation and cost optimization. Wipro’s FullStride Cloud will provide real-time insights and improve operational scalability for the airline.
JSW Steel: JSW JFE Electrical Steel’s subsidiary, Jsquare Electrical Steel Nashik, has acquired 100% equity interest in ThyssenKrupp Electrical Steel India for Rs 4,158.6 crore. This acquisition includes technology from Thyssenkrupp.
Bank of Baroda: The lender’s net profit increased by 5.6% YoY to ₹4,837.3 crore in Q3 FY25, with net interest income rising 2.8% to Rs 11,416.9 crore. Gross NPAs decreased to 2.43%, while net NPAs fell to 0.59%.
Biocon: The pharmaceutical company’s net profit plummeted 96.2% YoY to ₹25.1 crore, while revenue declined 3.3% YoY to Rs 3,821.4 crore. The board approved acquiring an additional 1.5% stake in Biocon Biologics for Rs 555 crore.
Torrent Power: The company’s subsidiary, Torrent Saurya Urja 2, received certification for the full 300 MW capacity from the Gujarat Energy Development Agency as of December 15, 2024.
PB Fintech: The insurance aggregator reported an 88% YoY growth in net profit to Rs 71.5 crore, with revenue from operations increasing 48.3% YoY to ₹1,291.6 crore for the quarter ended December 31, 2024.
Kalyan Jewellers India: The company’s net profit rose 21.2% YoY to Rs 218.8 crore, while revenue from operations increased 39.5% YoY to Rs 7,286.9 crore in Q3 FY24.
Western Carriers India: The logistics firm secured a Rs 170 crore order from Hindustan Zinc for transportation of finished goods, zinc, and lead ingots from multiple locations across India.
Ircon International: The company’s joint venture received an EPC contract worth Rs 631.2 crore from the Public Works Department, Manipur, for constructing rigid pavements and drains in the Imphal East Division.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
