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Stocks to watch: Shares of firms like HCL Tech, Delta Corp, United Spirits, BEL, HDFC AMC, and others will be in focus on Tuesday’s trade
Stocks to Watch
Stocks To Watch On January 14: Indian markets experienced a sharp decline on Monday, falling over 1.5% as the ongoing corrective phase deepened. In today’s session, stocks of HDFC AMC, HCL Tech, Delta Corp, United Spirits, BEL, and others will be in the spotlight due to various news updates and third-quarter results.
HDFC AMC, Network18: Shares of HDFC AMC and Network18 will be closely watched in Tuesday’s trade as both companies are set to announce their third-quarter results later today.
HCLTech: HCLTech reported sequential growth in revenue, net profit, and EBITDA for the December quarter, though the results missed Bloomberg’s estimates on key metrics. Revenue increased by 3.6% quarter-on-quarter to Rs 29,890 crore, while net profit grew by 8.4% sequentially to Rs 4,591 crore. Despite the misses, the company raised the lower end of its FY25 revenue growth guidance to 4.5%-5.0% in constant currency terms, up from the previous range of 3.5%-5%, signaling confidence in its future outlook.
JSW Energy: JSW Energy has been declared the successful bidder and received a letter of intent (LOI) for its resolution plan submitted for KSK Mahanadi Power Company (KMPCL) under the corporate insolvency resolution process as per the Insolvency and Bankruptcy Code, 2016.
IDBI Bank: Financial bids for the strategic sale of IDBI Bank are expected to be received by March, though the completion of the transaction may extend into the next financial year, sources said. In December, the Reserve Bank of India (RBI) issued the ‘fit and proper’ certificate to the shortlisted bidders.
United Spirits: United Spirits (Diageo India) has appointed Praveen Someshwar as CEO-designate, effective March 1. He will replace Hina Nagarajan, who is set to join Diageo’s global executive committee after leading the Indian operations as MD and CEO for four years. Someshwar has served as MD and CEO of HT Media for the past five years and has extensive experience at PepsiCo in India and across the Asia Pacific region.
Bharat Electronics (BEL): Bharat Electronics, a Navratna defense public sector company, announced securing additional orders worth Rs 561 crore since its last update on December 23, 2024. BEL’s total order book for FY25 now stands at Rs 10,362 crore.
Bank of India: Bank of India is marketing its first dollar syndicated loan since 2012, raising up to $400 million, according to Bloomberg sources. The loan, split into three- and five-year tranches, is being raised via its branch in Gujarat International Finance Tec-City, India’s new financial hub. CTBC Bank Co. and Standard Chartered Plc are the arrangers for the loan.
Angel One: Brokerage Angel One reported its smallest quarterly profit increase since its listing in 2020, with a profit rise of 8% to Rs 281 crore for the third quarter. However, on a sequential basis, profit dropped by 33.5%. The company cited tighter regulations in the derivative sector as a contributing factor.
Delta Corp: Delta Corp reported a 3.5% year-on-year increase in net profit to Rs 35.7 crore for the third quarter ended December 31, 2024, compared to Rs 34.5 crore in the same period last year. Revenue from operations fell by 7.5%, reaching Rs 194.3 crore, down from Rs 210.1 crore in the year-ago period.
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