Last Updated: January 12, 2024, 08:48 IST
Stocks To Watch On January 12: GIFT Nifty on the NSE IX traded 6 points, or 0.03 per cent, higher at 21,700, signaling that Dalal Street was headed for muted start on Friday. Here’s a slew of stocks that will be in focus today for various reasons.
Q3 earnings today: HCL Technologies, Wipro, HDFC Life Insurance, Anand Rathi Wealth, Just Dial, JTL Industries, Tata Metaliks, Den Networks, among others.
Infosys and TCS: Infosys posted a net profit of Rs 6,106 crore for the third quarter ended December, showing a drop of 7.3 per cent from the same period last year.
The company’s profit was down 1.7 per cent sequentially (quarter-on-quarter), which was below the Bloomberg estimates of Rs 6,167 crore.
TCS’ result was better with a 2 per cent rise in year-on-year net profit at Rs 11,058 crore.
Tata Power: Its subsidiary Tata Power Renewable Energy has signed a MoU with the Gujarat govt to develop 10,000 MW of renewable energy power projects in the state with up to an investment of Rs 70,000 crore.
Nykaa: Lexdale International is likely to divest 2.62 crore shares in the online beauty retailer through block deals, reported CNBC-Awaaz. The total value of this block deal stands at Rs 490 crore.
Life Insurance Corp: Tax authorities have further sent two demand notices worth Rs 3,529 crore to LIC.
UltraTech Cement: The company will buy a 26 per cent stake in Amplus Ages for Rs 49 crore to meet its green energy needs and comply with regulatory requirements for captive power consumption.
Mahindra & Mahindra: The company will invest Rs 630 crore in Mahindra Electric Automotive Limited through a subscription to a rights issue of shares of MEAL.
HG Infra: The company has won for a project worth Rs 716 crore by Central Railways on an engineering, procurement, and construction basis.
KPI Green Energy: The company’s unit received an order for 2 MW solar power plant from Sanwariya Processors. The project is scheduled to be completed in FY25.
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