Stocks To Watch: Tata Consumer, Wipro, HCL Technologies, Adani Enterprises, BHEL, LIC, Just Dial, Den Networks

Tata Consumer Products Ltd. , Wipro Ltd. , HCL Technologies Ltd.

, and Adani Enterprises Ltd. will be among the major stocks to watch on Monday. Tata Consumer Products announced major acquisitions of about Rs 7,000 crore as it expanded its portfolio of high-margin businesses.

Revenue growth at Wipro faltered yet again in the October-December quarter but met its own guidance while HCL Technologies income grew as blockbuster dealmaking ove. . .

Tata Consumer Products Ltd. , Wipro Ltd. , HCL Technologies Ltd.

, and Adani Enterprises Ltd. will be among the major stocks to watch on Monday. Tata Consumer Products announced major acquisitions of about Rs 7,000 crore as it expanded its portfolio of high-margin businesses.

Revenue growth at Wipro faltered yet again in the October-December quarter but met its own guidance while HCL Technologies income grew as blockbuster dealmaking over the past few months paid off. An Adani Enterprises unit got an order for electrolyser manufacturing under the government’s PLI-backed Green Hydrogen Mission. U.

S. Treasury two-year yields dropped to the lowest level since May, while stocks came under pressure as a surprise decline in producer prices reinforced bets on Federal Reserve rate cuts this year, according to Bloomberg. The S&P 500 Index declined 0.

08% while the Nasdaq 100 traded 0. 07 higher as of 12:39 p. m.

New York time. The Dow Jones Industrial Average fell by 0. 31%.

Brent crude jumped 1. 14% to $78. 29 a barrel.

Gold was up 0. 99% at $2,049. 06 an ounce.

India’s benchmark stock indices ended at a record closing high on Friday as a sharp rise in information technology stocks followed the Q3 results of heavyweights Infosys and Tata Consultancy Services. The S&P BSE Sensex jumped 847. 27 points, or 1.

18%, to close at 72,568. 45, while the NSE Nifty 50 surged 260. 80 points, or 1.

20%, to end at 21,908. Overseas investors remained net sellers of Indian equities for the fourth consecutive session on Friday. Foreign portfolio investors offloaded stocks worth Rs 340.

1 crore, while domestic institutional investors stayed net buyers and mopped up equities worth Rs 2,911. 2 crore, the NSE data showed. The Indian rupee strengthened 11 paise to close at 82.

92 against the U. S. dollar on Friday.

Earnings Post Market Hours Wipro Q3 FY24 (Consolidated, QoQ) Revenue down 1. 39% at Rs 22,205. 1 crore (Bloomberg estimate Rs 23,229 crore).

EBIT up 6. 22% at Rs 3,267. 1 crore (Bloomberg estimate Rs 3,240.

50 crore). EBIT margin at 14. 71% (Bloomberg estimate: 14.

60%). Net profit up 1. 24% at Rs 2,700.

6 crore (Bloomberg estimate: Rs 3,029 crore). HCLTech Q3 FY24 (Consolidated, QoQ) Revenue up 6. 65% at Rs 28,446 crore (Bloomberg estimate: Rs 28,075.

1 crore). EBIT up 14. 7% at Rs 5,644 crore (Bloomberg estimate: Rs 5,256.

9 crore). EBIT margin at 19. 84% (Bloomberg estimate: 18.

7%). Net profit up 13. 51% at Rs 5,874 crore (Bloomberg estimate: Rs 4,124.

4 crore). Just Dial Q3 FY24 (Consolidated, YoY) Revenue at Rs 265 crore vs Rs 260. 6 crore, up 1.

7% (Bloomberg estimate: Rs 269. 8 crore). Net profit at Rs 92 crore vs Rs 71.

8 crore, up 28. 1% (Bloomberg estimate: Rs 93. 6 crore).

Ebitda at Rs 60. 3 crore vs Rs 48. 8 crore, up 23.

6% (Bloomberg estimate: Rs 54. 8 crore). Ebitda margin at 22.

75% vs 18. 72% (Bloomberg estimate: 20. 3%).

Anand Rathi Wealth Q3 FY24 (Consolidated, YoY) Revenue at Rs 182. 43 crore vs Rs 138 crore, up 32. 19% (Bloomberg estimate: Rs 188.

1 crore). Net profit at Rs 58. 04 crore vs Rs 43.

22 crore, up 34. 28% (Bloomberg estimate: Rs 56. 5 crore).

Den Networks Q3 FY24 (Consolidated, YoY) Revenue at Rs 272. 9 crore vs Rs 276. 9 crore, down 1.

45%. Net profit at Rs 47. 8 crore vs Rs 49.

3 crore, down 3. 04%. Ebitda at Rs 40.

5 crore vs Rs 37. 3 crore, up 8. 57%.

Ebitda margin at 14. 84% vs 13. 47%.

Earnings In Focus Angel One, Brightcom Group, Choice International, Jai Balaji Industries, Jio Financial Industries, Kesoram Industries, and PCBL. Stocks to Watch Tata Consumer Products: The company has agreed to buy Capital Foods Pvt. , the owner of Ching’s Secret and Smith & Jones, and Fabindia-backed Organic India in two separate deals valued at about Rs 7,000 crore as it expands its portfolio of high-margin businesses.

The board will meet on Jan. 19 to consider fundraising via equity or debt issues. Adani Enterprises: Unit Adani New Industries received the Letter of Award to set up a manufacturing capacity of 198.

5 megawatts per annum for electrolysers under the Strategic Interventions for Green Hydrogen Transition scheme from Solar Energy Corp. Bharat Heavy Electricals, NLC India: BHEL received a letter of award worth Rs 15,000 crore for an EPC package for the 3×800 MW Talabira thermal power project from NLC India. Life Insurance Corp : The state-run insurer received a tax demand worth Rs 1,370.

6 crore from the Mumbai tax authority. Avalon Technologies: The company entered into an agreement with the Centre for Development of Advanced Computing for indigenously manufactured HPC servers, ‘RUDRA’. Sheela Foam: The company has completed the acquisition of a 2.

57% stake in KEL for Rs 55. 33 crore. The company now holds 97.

23% of KEL. Emudhra: The company opened its QIP at a floor price of Rs 443. 56, which indicates a discount of 5% to the current market price.

Century Plyboards: The company’s newly set-up laminate unit started its commercial production on Jan. 12. Goodluck India: The company opened its QIP at Rs 989.

40 per share, which indicates a discount of 10% to the current market price. Anant Raj: The company opened its QIP at Rs 310. 78 per share, which indicates a discount of 5% of the current market price.

IRB Infrastructure Trust: The company has now executed concession agreements with the National Highways Authority of India for the tolling, operation, maintenance and transfer of the Kota Bypass and Cable Stay Bridge on NH-76 in Rajasthan and the Gwalior-Jhansi section. The estimated cost of the project is Rs 1,896 crore. All Cargo Gati: The company total monthly volume, including surface and air express, stood at 105 kilo tonne, up 7% YoY.

Hampton Sky Realty: The company received approval to start construction of the hospital project under the name of Hampton Narayana Super Speciality Hospital in Chandigarh, with a projected investment of Rs 200 crore. Kaynes Technology: The company will acquire Mixx Technologies for a consideration of $30 million to establish itself as a “silicon to systems” manufacturer for artificial intelligence and high-performance computing infrastructure. Post-acquisition, it will hold a 13.

20% stake in Mixx Technologies. Dilip Buildcon: The company sold its entire 51% stake in DBL Nidagatta Mysore Highways for Rs 61. 6 crore.

Alkem Laboratories: The company appointed Nitin Agrawal as the Chief Financial Officer w. e. f.

Feb. 1. A cyber security incident happened at the company’s subsidiary, which compromised the business email IDs of certain employees.

The incident resulted in a fraudulent transfer of funds of approximately Rs 52 crore. IPO Offerings Medi Assist Healthcare: The IPO will open for bids on Monday. It will comprise an offer for sale of Rs 1,171.

6 crore. The price band is fixed at Rs 397–418 per share. The company has raised Rs 351.

4 crore from anchor investors. Block Deal Sical Logistics: Pristine Malwa Logistics Park sold 6 lakh shares (0. 92%), while Negen Capital Services bought 6 lakh shares at Rs 270.

55 apiece. Bulk Deals FSN E-Commerce Ventures: Lexdale International sold 2. 62 crore shares (0.

91%) at Rs 188. 83 apiece. Gillette India: Adventz Finance sold 6 lakh shares (1.

84%) at Rs 6,757. 6 apiece, while Nippon India Mutual Fund bought 3. 3 lakh shares (1.

01%) at Rs 6,755 apiece. Accelya Solutions: Plutus Wealth Management LLP bought 0. 74 lakh shares (0.

5%) at Rs 1,709. 99 apiece. Cupid: Minerva Ventures Fund bought 0.

75 lakh shares (0. 56%) at Rs 1,637. 64 apiece.

Pledge Share Details Medplus Health Services: Promoter Agilemed Investments revoked a pledge of 1. 13 crore shares on Jan. 12.

Who’s Meeting Whom Mrs. Bectors Food Specialties: To meet analysts and investors on Jan. 18.

Windlas Biotech: To meet analysts and investors on Jan. 15. NLC India: To meet analysts and investors on Jan.

17 and 18. Sky Gold: To meet analysts and investors on Jan. 18.

Anand Rathi Wealth: To meet analysts and investors on Jan. 17 and 18. Trading Tweaks Moved into a short-term ASM framework: AGS Transact Technology, Easy Trip Planners, Polycab India, Suven Lifesciences.

Moved out of short-term ASM framework: Indo Amines, Sigachi Industries. F&O Cues Nifty January futures up by 1. 34% to 21,968.

95 at a premium of 74. 4 points. Nifty January futures open interest up by 2.

4%. Nifty Bank January futures up by 0. 69% to 47,900.

20 at a premium of 190. 4 points. Nifty Bank January futures open interest down by 10.

3%. Nifty Options Jan 18 Expiry: Maximum Call open interest at 22,500 and Maximum Put open interest at 21,700. Bank Nifty Options Jan 17 Expiry: Maximum Call Open Interest at 50,000 and Maximum Put open interest at 45,000.

Securities in the ban period: Bandhan Bank, Bharat Heavy Electronics, Chambal Fertilizers, Delta Corp, Escorts Kubota, Hindustan Copper, India Cements, Indus Tower, Metropolis Healthcare, National Aluminium, Piramal Enterprise, Polycab India, PVRINOX, SAIL, and Zee Entertainment. Disclaimer: NDTV is a subsidiary of AMG Media Networks Ltd. , an Adani Group Company.

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