Stocks to Watch: Indian stock markets closed almost flat last trading week (12 to 16 January). Nifty-50 index closed at the level of 25,694.35 with a marginal increase of just 0.04 percent. Whereas BSE Sensex closed at the level of 83,570.35. Now the eyes of investors are fixed on the business of Monday 19 January. On this day, shares of many companies in the stock market may remain in the headlines due to their results, big orders and other corporate updates.
Let us take a look at 14 such companies-
1. Reliance Industries (RIL)
Reliance Industries has reported a net profit of ₹18,645 crore in the December quarter, led by digital services and oil-to-chemicals (O2C) segments. The company’s revenue increased to ₹2.65 lakh crore, while EBITDA stood at ₹46,018 crore. O2C earnings improved due to better fuel margins and strong sales from Jio-BP.
2. ICICI Bank
ICICI Bank’s December quarter net profit declined 4% to ₹11,318 crore, although net interest income grew 7.7%. The provisions increased due to RBI’s classification guidelines related to agricultural priority sector loans. The bank’s board has also approved the tenure extension of the MD and CEO.
3. HDFC Bank
HDFC Bank reported profit of ₹18,653 crore in the December quarter, which was better than market estimates. Net interest income increased by 6.4% year-on-year to ₹32,615 crore. Asset quality remained stable. Gross NPA stood at 1.24% and net NPA at 0.42%, while provisions declined on a quarterly basis.
4. Yes Bank
Yes Bank presented strong quarterly results. The bank’s profit increased by 55% to ₹951.6 crore in the December quarter. Asset quality continued to improve, with gross NPAs declining to 1.5%. However, deposit growth remains a challenge for the entire banking sector.
5. RBL Bank
RBL Bank’s December quarter profit stood at ₹214 crore, which was below market estimates. Net interest income increased by 4.5% to ₹1,657.2 crore. Management noted slippage in the credit card segment, but indicated improvement in the gold loan business and expected limited margin improvement in Q4.
6. JB Chemicals & Pharma
JB Chemicals & Pharma’s December quarter profit increased by 21.6%. The company benefited from stable demand in the domestic market and strong growth in the international formulations business. Margins improved due to cost optimization and better product mix.
7. Wipro
Veteran IT company Wipro’s revenue in the December quarter increased by 3.3% on a quarterly basis to ₹ 23,378 crore. Whereas IT EBIT increased by 8.8% to ₹4,115 crore and margin was 17.6%. The company estimated 0–2% constant currency growth for the fourth quarter and declared an interim dividend of Rs 6 per share.
8. Tech Mahindra
Tech Mahindra’s December quarter profit stood at Rs 1,122 crore. Revenue increased by 2.8% to ₹14,393 crore. EBIT grew by 11.3% and margins improved to 13.1%.
9. Rossari Biotech
Rossari Biotech reported 3.2% rise in December quarter profit at ₹32.7 crore, while revenue rose 13.4% at ₹581.6 crore. Despite the increase in operating profit (EBITDA), the margin declined to 11.8% year-on-year.
10. UCO Bank
UCO Bank reported 15.8% rise in profit at ₹739.5 crore in the December quarter. Net interest income increased by 11.3% to ₹2,646 crore. Asset quality improved. Gross NPA was 2.41% and net NPA was 0.36%.
11. IDBI Bank
IDBI Bank’s net profit rose 1.4% to ₹1,935.5 crore. However, net interest income declined to ₹3,209.5 crore. Asset quality remained strong, with net NPA at 0.18% and gross NPA at 2.57%.
12. JSW Infrastructure
JSW Infrastructure reported 9.1% rise in profit at ₹359 crore in the December quarter. Revenue increased by 14.2% to ₹1,349 crore. EBITDA increased, although margins declined from 49.5% to 47.6%.
13. Netweb Technologies
NetWeb Tech delivers record performance in December quarter. The company’s revenue increased by 165% quarter-on-quarter to ₹804.9 crore, while net profit increased by more than 90% to ₹73.3 crore. During this period the company also executed a large strategic order worth ₹450 crore.
14. CG Power
CG Power and Industrial Solutions has announced its entry into the global data center market. The company has received a big order worth about ₹ 900 crore from American company Tallgrass Integrated Logistics Solutions LLC. This is the company’s largest single order so far and with this CG Power has entered the global data center segment.
Also read- Q3 Results: Results of more than 100 companies will come next week; Keep an eye on these giants including Kotak Mahindra Bank, Zomato
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