Today’s market round brings a mix of earnings surprises, business updates and notable deals that could shape the next few weeks for investors.
Results Coming Out Today
The following companies will publish their quarterly numbers:
- Tata Consultancy Services
- HCL Technologies
- Anand Rathi Wealth
- GTPL Hathway
- Gujarat Hotels
- Lotus Chocolate Company
- Maharashtra Scooters
- OK Play India
- Tierra Agrotech
Quarterly Business Updates
- Signature Global: Pre‑sales fell 27% to ₹2,020 cr and area sold dropped 42% to 1.44 million sq ft, but collections rose 14% to ₹1,230 cr.
- Phoenix Mills: Retail consumption grew 20% to ₹4,787 cr, and the St. Regis hotel in Mumbai saw a 10% rise in RevPAR.
- Ashiana Housing: Bookings fell 17.9% to 5.56 lakh sq ft and sales value slipped 11.7% to ₹401 cr.
- Embassy Development: Pre‑sales jumped to ₹1,392 cr and collections rose 15.6% to ₹415 cr.
Quarterly Earnings Highlights
- Avenue Supermarts (D‑Mart): Profit rose 18.3% to ₹855.9 cr; revenue grew 13.3% to ₹18,100.88 cr. The board appointed Anshul Asawa as CEO.
- IREDA: Profit surged 37.6% to ₹585.2 cr and net interest income jumped 34.7% to ₹897.2 cr.
Monthly Business Update – Mahindra & Mahindra
- Sales volume fell 27.1% to 85,501 units.
- Exports dropped 9.3% to 2,849 units.
- Production increased 25.4% to 68,992 units.
Stocks to Watch
- Lemon Tree Hotels: Warburg Pincus‑linked investor will buy the 41.09% stake held by APG in the subsidiary Fleur Hotels. Up to ₹960 cr may be invested, and Fleur is expected to list within 12‑15 months.
- Lloyds Engineering Works: Signed a deal with The Materials Works (USA) to manufacture unlimited EPS Gen 4 cells using patented technology.
- NTPC: Agreed to acquire Sinnar Thermal Power Ltd for ₹3,800.14 cr, adding 1,350 MW of coal‑based capacity and taking its total installed capacity to 86,987 MW.
- Vishal Mega Mart: Vice‑President of Supply Chain S. Raamesh resigned effective Jan 9.
- Spandana Sphoorty Financial: Board gave in‑principle approval to merge its subsidiary Criss Financial into the parent.
- Shriram Finance: Moody’s affirmed a Ba1 rating, outlook upgraded to Positive.
- Akzo Nobel India: Parth Jindal named Chairman; Rajiv Rajgopal now Joint MD & CEO.
- ICICI Lombard: An employee mistakenly posted draft financial results on WhatsApp; the post was deleted within an hour and an internal probe is underway.
- Vedanta: NCLT gave approval to the group’s scheme of arrangement covering multiple subsidiaries.
- Websol Energy System: Andhra Pradesh cleared a greenfield 4 GW solar cell and module project, including a 100 MW captive solar plant.
Bulk Deals
- MTAR Technologies: BofA Securities Europe bought 206,000 shares (0.66% stake) at ₹2,665.45 each, costing about ₹54.9 cr.
- EPW India: Tiger Strategies Fund‑I sold 87,600 shares (0.76% stake) at ₹117.11 each, raising ₹1.02 cr. The fund has been trimming its holding over the past week.
Block Deals
- Tata Capital: Societe Generale purchased 1.433 million shares (0.03% stake) at ₹354.5 each, worth ₹50.82 cr.
Disclaimer
Remember, this is my perspective, not a prediction. Always do your own research before making any investment decisions.