With corporate earnings rolling in, the spotlight is on how companies are performing amid evolving market conditions. Investors are actively tracking results, stock movements, and adjusting strategies to stay ahead in this dynamic earnings season.
As indicated by GIFT Nifty, Indian equity indices BSE Sensex and NSE Nifty 50 are likely to open lower on Friday, January 10. Here’s a look at the key stocks to watch in today’s trade.
Stocks in Focus: GIFT Nifty was trading 78 points or 0.34 per cent lower at 23,579 indicating a negative start for domestic indices NSE Nifty 50 and BSE Sensex on Friday.
Sensex and Nifty close lower on January 9
Benchmark indices faced a sharp downturn on Thursday as persistent volatility weighed heavily on key sectors. The BSE Sensex dropped by 528 points, settling at 77,620. Meanwhile, the NSE Nifty50 slipped by 162 points, closing at 23,526.
Quarterly watch: Key earnings announcements on January 10
On January 10, the quarterly earnings of companies such as Annvrridhhi Ventures, Brightcom Group, CESC, Equinox India Developments, G N A Axles, Hathway Bhawani Cabletel & Datacom, Infomedia press, Justdial, Shah Metacorp, Sharma East India Hospital & Medical Research, Swati Projects, Velecha Engineering, Vivimed Labs, Yaari Digital Integrated Services, PCBL are scheduled to be announced.
Stocks to watch on January 8, 2025 TCS
Tata Consultancy Services (TCS), India’s largest IT services company, on Thursday (January 9) announced its Q3 earnings. The company in its Q3 report, posted a 11.95% increase in net profit, reaching Rs 12,380 crore. This is up from Rs 11,058 crore in the same period last year. The company’s total income also rose by 6.13% to Rs 65,216 crore. However, expenses grew 6.33%, totaling Rs 48,550 crore.
IREDA
Indian Renewable Energy Development Agency (IREDA) recorded a 26.8% rise in its net profit for Q3, hitting Rs 425.4 crore compared to Rs 335.5 crore last year. Its net interest income saw a 39% jump to Rs 622.3 crore, up from Rs 448.1 crore.
Hindustan Zinc
Hindustan Zinc reported a Rs 35.35 crore penalty imposed by the Udaipur tax office over a dispute related to Input Tax Credit from FY 2017-18. The company announced this in a regulatory filing, stating the demand also included applicable interest.
Also Read: TCS kicks off Q3 with missed estimates
Indian Overseas Bank
Indian Overseas Bank (IOB) has invited expressions of interest from asset reconstruction companies to sell 46 non-performing asset accounts worth Rs 11,500 crore.
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