Stocks To Watch: Infosys, GAIL, RIL, Axis Bank, RVNL, Swiggy, LTIMindtree, And Others – News18
Last Updated:
Stocks to watch: Shares of firms like Infosys, GAIL, RIL, Axis Bank, RVNL, Swiggy, LTIMindtree, and others will be in focus on Thursday’s trade
Stocks To Watch Today.
Stocks To Watch On January 16: Markets showed a subdued performance on Wednesday, closing slightly higher, continuing the trend from the previous day. Today, stocks of companies like Reliance Industries (RIL), Infosys, GAIL, Axis Bank, and HDFC Life are expected to attract attention due to various news developments and the release of third-quarter results.
Quarterly Earnings Watch: Key Announcements on January 16
On January 16, quarterly earnings reports from a wide range of companies will be announced, including Infosys, Reliance Industries, LTIMindtree, Axis Bank, Havells India, Metro Brands, Sterling and Wilson Renewable Energy, Mastek, Kesoram Industries, Alok Industries, Hatsun Agro Products, Spencers Retail, Plastiblends India, Waaree Renewable Technologies, Bhansali Engineering Polymers, Shekhawati Industries, Radhika Jeweltech, Mudra Financial Services, Khaitan Chemicals & Fertilizers, D B Corp, Digicontent, Julien Agro Infratech, Pacheli Industrial Finance, Sanathnagar Enterprises, Last Mile Enterprises, Space Incubatrics Technologies, Decillion Finance, G.G. Automotive Gears, G G Engineering, Mahesh Developers, National Standard India, Onix Solar Energy, Sellwin Traders, Hawa Engineers, and Tti Enterprise.
Stocks to Watch on January 16, 2025:
L&T Technology Services: The company reported a 4.1% year-on-year drop in Q3 net profit, totaling Rs 322.4 crore. However, revenues grew by 9.5% to Rs 2,653 crore, and EBITDA stood at Rs 422 crore, reflecting the pressures of competitive market conditions.
Adani Green Energy: AGEL saw a 37% YoY increase in operational capacity, reaching 11,609 MW. The company expanded with greenfield additions of 2,693 MW in solar and 438 MW in wind power plants across Gujarat and Rajasthan, signaling its growing footprint in the renewable energy sector.
Punjab & Sind Bank: The bank reported a significant 146.72% YoY jump in net profit, reaching Rs 282 crore in Q3. Net Interest Income (NII) increased by 27% to Rs 938.7 crore, indicating strong financial health and market expansion.
Exide Industries: Exide has invested Rs 149.99 crore into its subsidiary, Exide Energy Solutions Limited (EESL), bringing its total investment in EESL to Rs 3,302.23 crore. This move strengthens Exide’s position in the growing electric vehicle battery market.
Swiggy: The food delivery company announced the creation of a new wholly-owned subsidiary, Swiggy Sports, which will focus on sports and recreational activities. This marks a key diversification move for Swiggy, with the Ministry of Corporate Affairs approving its incorporation.
Rail Vikas Nigam Limited (RVNL): RVNL secured a Rs 3,622 crore contract from Bharat Sanchar Nigam Limited (BSNL) for the creation, upgrade, and management of the Middle Mile network under BharatNet.
Happiest Minds: The company has partnered with Coca-Cola Beverages Vietnam to develop generative AI solutions aimed at improving operational efficiency and productivity, underscoring the growing role of AI across industries.
RBL Bank: RBL Bank appointed Soma Sankara Prasad as an independent director for a four-year term starting January 15, 2025, bringing fresh leadership and strategic perspectives as the bank progresses with its growth plans.
GAIL: GAIL announced a settlement in its ongoing arbitration case with SEFE Marketing & Trading Singapore Pte Ltd. As part of the agreement, SEFE will pay GAIL $285 million, and the arbitration proceedings at the London Court of International Arbitration will be withdrawn, resolving the long-standing dispute.
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.
ke5dl0