Stocks To Watch: HCL Tech, Dmart, Biocon, Waaree Energies, Power Grid, And Others – News18
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Stocks to watch: Shares of firms like HCL Tech, Dmart, Biocon, Waaree Energies, Power Grid, and others will be in focus on Monday’s trade
Stocks to Watch Today
Stocks to Watch on January 13: Markets experienced heightened volatility on Friday, continuing their downward trend. Today, stocks like HCL Tech, Angel One, Dmart, Just Dial, and Signature Global will be in focus due to various news updates and third-quarter results.
Listings Today:
- Standard Glass IPO (Mainline)
- Indobell Insulation IPO (SME)
Earnings Announcements Today: HCL Technologies, Angel One, Anand Rathi Wealth, Delta Corp, Den Networks, Himadri Speciality Chemical, Marathon Nextgen Realty, Lotus Chocolate, Urja Global, Sarthak Industries, and Sree Jayalakshmi Autospin will announce their quarterly earnings today.
Avenue Supermarts: Q3 consolidated net profit rises to Rs 723 crore, up from Rs 690 crore YoY and Rs 659 crore QoQ. Revenue for the quarter stands at Rs 15,972 crore, compared to Rs 13,572 crore YoY and Rs 14,444 crore QoQ. Additionally, Neville Noronha, the CEO of Avenue Supermarts, has decided not to renew his tenure at the parent company of DMart after serving for several years.
ICICI Prudential: December 2024 annualised premium equivalent (APE) stands at Rs 866 crore, marking a 15.6% YoY increase. New business premium grows 3.9% YoY.
Biocon: The USFDA has classified Biocon Biologics’ Johor Bahru, Malaysia site as “Voluntary Action Indicated” (VAI).
Just Dial: Q3 standalone net profit rises to Rs 130 crore, compared to Rs 92 crore YoY and Rs 154 crore QoQ. Revenue increases to Rs 287 crore from Rs 265 crore YoY. EBITDA grows to Rs 86.6 crore, up from Rs 60.4 crore YoY, with margins improving to 30.14% from 22.79% YoY.
PCBL: Q3 consolidated net profit stands at Rs 93.1 crore, down from Rs 150 crore YoY. Revenue increases to Rs 2,010 crore from Rs 1,660 crore YoY. EBITDA rises to Rs 318 crore from Rs 278 crore YoY, though margins are slightly lower at 15.82% compared to 16.84% YoY. The company has declared an interim dividend of Rs 5.5 per share.
Waaree Energies: The company will acquire Enel Green Power India for Rs 792 crore. Enel Green Power specializes in renewable energy generation.
JSW Energy: JSW Energy has completed the acquisition of SPversus and 125 MW renewable assets from the Hetero Group, valued at Rs 630 crore.
NLC India: The company has signed a joint venture agreement with Assam Power Distribution Company Limited to develop solar power projects in Assam.
Power Grid Corp: Power Grid Corporation has acquired Kudankulam ISTS Transmission, including a 400KV transmission line in Tamil Nadu, for Rs 7.44 crore.
GNA Axles: Q3 EBITDA rises to Rs 52.45 crore, up from Rs 47.1 crore YoY, with margins improving to 14% from 13.19% YoY. Q3 standalone net profit stands at Rs 34.8 crore, compared to Rs 32 crore YoY.
Equinox India Developments: Q3 consolidated net profit stands at Rs 22.2 crore, up from a loss of Rs 38.7 crore YoY and profit of Rs 24.1 crore QoQ. Revenue jumps to Rs 278 crore from Rs 100 crore YoY. EBITDA stands at Rs 3.1 crore, compared to a loss of Rs 33.1 crore YoY, with margins at 1.11%.
Interarch Building: Interarch Building has secured orders worth Rs 221 crore in the semiconductor and lithium-ion battery sectors from Tata Projects Ltd, marking a significant step in India’s tech landscape.
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.
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