Stock Market Today: Key Updates for January 10
From major investments and quarterly earnings to fresh deals and order wins, here’s a quick roundup of stocks that will be in focus today:
Upcoming Results
January 10
- CESC
- PCBL
- Just Dial
- Valecha Engineering
- Vivimed Labs
- Brightcom Group
- GNA Axles
- Hathway Bhawani Cabletel
- Shah Metacorp
- Yaari Digital
January 11
- Avenue Supermarts
- Concord Drugs
- Kandagiri Spinning Mills
- Rita Finance and Leasing
Quarterly Earnings Highlights
Tata Consultancy Services (TCS)
- Profit: Up 4% QoQ at ₹12,380 crore (vs. ₹11,909 crore).
- Revenue: Declined 0.4% to ₹63,973 crore (vs. ₹64,259 crore).
- Dollar Revenue: Down 1.7% at $7,539 million.
- EBIT: Grew 1.2% to ₹15,657 crore.
- EBIT Margin: Expanded by 40 bps to 24.47%.
- Attrition: Increased to 13% (vs. 12.3%).
- Dividends: Interim dividend of ₹10/share and a special dividend of ₹66/share.
Tata Elxsi
- Profit: Down 13.3% QoQ at ₹199 crore.
- Revenue: Dropped 1.7% to ₹939.2 crore.
- EBIT Margin: Declined by 55 bps to 24.5%.
Indian Renewable Energy Development Agency
- Profit: Jumped 26.8% YoY to ₹425.4 crore.
- Net Interest Income: Increased 38.9% YoY to ₹622.3 crore.
GTPL Hathway
- Profit: Fell 57% YoY to ₹10.2 crore.
- Revenue: Up 4.3% YoY to ₹887.3 crore.
Stocks to Watch Today
Adani Total Gas
The allocation of APM-priced domestic gas has been revised upwards by 20%, effective January 16. This will positively impact the company Stocks and help stabilize retail prices.
Mahanagar Gas
Domestic gas allocation at APM prices has been increased by 26%, boosting allocation for CNG from 37% to 51%. This will improve its Stocks profitability.
Adani Wilmar
Promoter Adani Commodities LLP will sell up to 20% equity stake through an offer-for-sale (OFS). The floor price is fixed at ₹275 per share,Keep an eye on this stocks as the OFS opens for non-retail investors on January 10 and retail investors on January 13.
Polyplex Corporation
The Board has approved a ₹558 crore investment to set up a new BOPET film manufacturing plant in India. This capacity addition could bring positive momentum to the stocks.
Surya Roshni
Received an order worth ₹81.47 crore from Bharat Petroleum Corporation (BPCL). This deal could reflect positively on the company’s Stocks.
SRF
Clarified media reports regarding refrigerant gas price hikes in the US, stating that changes in prices will depend on demand and supply in relevant market segments. Investors should closely monitor this Stocks for further updates.
Equitas Small Finance Bank
Revised interest rates on savings accounts, with new slabs offering rates up to 7.5% for balances between ₹1 crore and ₹25 crore.
Mazagon Dock Shipbuilders
Delivered the sixth Scorpene-class submarine, Vaghsheer, to the Indian Navy under Project P-75.This milestone is likely to bolster the Stocks sentiment.
Apollo Micro Systems
The Board approved the issuance of ₹380.97 crore worth of equity shares via private placement and ₹435.1 crore of convertible equity warrants to the promoter group and select investors.
Bombay Burmah Trading Corporation
Entered a sale deed for a 13.91-acre land parcel in Tamil Nadu, valued at ₹13.05 crore.
NTPC Green Energy
Commissioned additional capacities of its solar projects, including 60 MW at Bhainsara Solar and 50 MW at Shajapur Solar.
Senores Pharmaceuticals
Received USFDA approval for marketing Metoprolol Tartrate and Hydrochlorothiazide tablets, used to treat hypertension, in the US market.
Additional Updates
- Fabtech Technologies Cleanrooms: SME listing scheduled for January 10.
- Shriram Finance: Stock trades ex-date for split.
- VTM: Stock trades ex-dividend.
- F&O Ban: Bandhan Bank, Hindustan Copper, L&T Finance, Manappuram Finance, and RBL Bank.