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stocks to watch on January 13 (AI IMAGE)
highlights
- On January 13, strong movement can be seen in some selected stocks in the stock market.
- There will be big triggers behind this like announcement of quarterly results, important corporate decisions, news of receiving new orders.
- Companies in IT, infrastructure, pharma and logistics sectors will remain on the radar of investors.
Companies in IT, infrastructure, pharma and logistics sectors will remain on the radar of investors. Due to news related to these sectors, there is a possibility of increase in trading volume as well as high volatility in the respective shares. This day can be very active for investors, where there will be a need to keep a special eye on stock-specific movements.
Tata Consultancy Services (TCS)
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Tata Group’s leading IT company TCS had a mixed performance in the December quarter. The company’s net profit fell 11.7% quarter-on-quarter to ₹10,657 crore, slightly weaker than market estimates. However, revenue grew by 2% to ₹67,087 crore. EBIT margin remained stable at 25.2%. For shareholders, the company has declared a third interim dividend of ₹11 per share and a special dividend of ₹46 per share.
Adani Energy Solutions’ operating position remains strong. The company’s collection efficiency was 101.75% and system availability was 99.69%. The under-construction order book of ₹77,787 crore in the transmission business looks to support future growth.
HCLTech’s Q3 revenue grew 6% quarter-on-quarter to ₹33,872 crore. However, net profit declined 3.7% to ₹4,076 crore due to additional expenses of ₹956 crore due to new labor codes. EBIT margin improved to 18.6%. Revenue increased 4.1% in constant currency. The company also declared an interim dividend of ₹12 per share.
Pharma sector company Biocon has launched Qualified Institutional Placement (QIP) of ₹4,150 crore. Its indicative price has been set at ₹368.35 per share, which is about 5% lower than the current market price. The company will use the amount raised for expansion and development plans.
Government company NBCC has signed a Memorandum of Understanding (MoU) with Bharat Electronics. Under this, work will be done on the development of healthcare manufacturing and service ecosystem. The move marks NBCC’s entry into the healthcare infrastructure sector.
PSP Projects has got a big relief in the arbitration case. In the case against Bhiwandi Nizampur City Municipal Corporation, the tribunal has ruled in favor of the company. Under this, BNCMC will have to repay the principal amount of ₹61.44 crore along with interest within 60 days.
Anand Rathi Wealth has recorded strong financial performance. The company’s net profit increased by 29% year-on-year to ₹99.7 crore, while revenue increased by 22% to ₹289.6 crore. EBITDA stood at ₹131.8 crore and margins remained stable at 45.5%.
TVS Supply Chain Solutions
TVS Supply Chain Solutions has received an important three-year contract from Daimler India Commercial Vehicles. Under this agreement, the company will manage the in-plant warehouse operations at the DICV plant in Chennai.
GTPL Hathway’s December quarter profit increased to ₹11 crore year-on-year from ₹10.1 crore last year. The company’s total income also increased from ₹887.2 crore to ₹932.6 crore during the same period.
Keep an eye on earnings results
Many companies will release their quarterly results on January 13. These include ICICI Lombard, ICICI Prudential, Navkar Corp, Tata Elxsi, Just Dial and Bank of Maharashtra. Investors will keep an eye on the profit, revenue and management outlook of these companies.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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