On January 17, IDBI Bank’s board will review its third‑quarter results, which show a sharp jump in profit and a strong cash boost from selling its NSDL shares.
The bank sold more than 2.22 crore equity shares, an 11.11% stake in National Securities Depository Ltd (NSDL), at about ₹799.87 per share. The transaction added roughly ₹1,699 cr to profit.
Today the stock opened at ₹103.15 on the BSE, hovered between ₹101 and ₹104.45, and ended flat.
Analysts note a strong breakout above ₹105 with volume eight times the 50‑week average, suggesting institutional buying. The price is resting on rising 10‑ and 20‑day EMAs, which could act as support.
Remember, this is perspective, not a prediction. Do your own research before making any investment decisions.
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Join TelegramHCL Technologies, India’s third‑largest IT firm, is set to release its third‑quarter numbers on January 12. Investors are watching closely as analysts predict solid growth despite a typically slow season for IT services. What to Expect from the Q3 Report Analysts expect HCL Tech to beat many peers on both revenue and profit. The main drivers are: Revenue growth of around 11% year‑on‑year, helped by its engineering and R&D (ER&D) business and seasonal software demand. Net profit rising 5‑8% year‑on‑year, supported by higher margins in cloud, security and digital workplace services. A fourth interim dividend for FY 2025‑26 to be considered by the board. Key Financial Forecasts Brokerages are estimating the following: Revenue growth: ~11% YoY in Indian rupees. Profit growth: 5‑8% YoY. EBIT margin: Expected to rise about 100 basis points to roughly 18.5% after accounting for restructuring costs. Guidance for FY 2026: Revenue growth narrowed to 3.5‑4.5% (from 3‑5%) and services revenue growth to 4.5‑5% (from 4‑5%). What Investors Should Watch Key points to keep an eye on in the earnings call include: Strength of the deal pipeline and any new large contracts. Performance across core verticals such as financial services, technology and emerging digital segments. Updates on operational discipline, talent management and cost pressures. How the company navigates seasonal slowdowns and client decision‑making trends. Disclaimer Remember, this is perspective, not prediction. Do your own research or consult a certified expert before making any investment decisions. Market conditions can change quickly.
Exports of basmati rice to Iran have hit a snag, sending several Indian rice‑related stocks sliding. Stocks React to the News Shares of companies that grow or export basmati rice – GRM Overseas, Sarweshwar Foods and Kohinoor Foods – fell about 3% on Monday. The biggest drop was in Kohinoor, which lost 3.37% and traded at ₹24.91. LT Foods and KRBL, other big exporters, also slipped up to 1.3%. Why Iran Is Holding Back Rice Imports The Iranian rial has weakened sharply after tighter U.S. sanctions. The exchange rate fell from around 90,000 per U.S. dollar to about 150,000. Earlier, Iran gave a subsidised rate of 28,500 rial per dollar for food imports, but that support has now been removed. With a higher cost, the Iranian government stopped subsidising food imports, causing Indian exporters to pause shipments. About ₹2,000 crore of rice cargoes are now stuck at ports, waiting for clearance. How Important Is the Iranian Market? Iran is India's second‑largest buyer of basmati rice after Saudi Arabia, importing roughly 12 lakh tonnes a year – worth an estimated ₹12,000 crore. The country especially prefers the parboiled (sela) variety. Analyst Views Research analysts note that Indian basmati exporters face a “dual headwind”: potential U.S. tariffs on Indian rice and weaker demand from Iran. Companies such as LT Foods (Daawat) and KRBL earn 25‑45% of their revenue from exports, so the current situation could squeeze their profit margins. One analyst highlighted GRM Overseas as showing the strongest price action. The stock is trading near a long‑term support level and has formed a tight price pattern that could break higher if buying pressure returns. What Should Retail Investors Consider? Investors may want to watch how the trade dispute and currency moves develop before adding more to basmati rice stocks. Those comfortable with short‑term volatility could look for a breakout above ₹175 in GRM Overseas as a possible entry point, while keeping a stop‑loss near the current range. Remember, this is just an overview, not a prediction. Do your own research or talk to a financial advisor before making any investment decisions.
Manappuram Finance’s shares rose sharply on Monday, gaining about 4.5% to reach ₹298.70 after the company denied reports that the RBI had delayed its planned deal with Bain Capital. Share price reaction The stock had fallen almost 8% on Friday when a story suggested the RBI was objecting to Bain Capital’s plan to buy a controlling stake. The Monday bounce erased most of that loss. Company’s clarification Manappuram Finance issued a statement calling the media report “factually incorrect and speculative.” It said it has kept the stock exchanges updated about the proposed investment by BC Asia Investments XIV Ltd and BC Asia Investments XXV Ltd, which together represent Bain Capital. RBI approval status The firm confirmed that it has filed all required documents with the RBI, including responses to the regulator’s questions. Final RBI approval for the change‑of‑control transaction is still pending, and the company said it will inform the exchanges once it is received. Gold price volatility and its effect Gold prices have been very volatile this month, and that has also moved Manappuram’s stock. The lender’s performance this year is tied to gold because its loans are secured by the metal. Gold’s rally in 2023 and early 2024 lifted the value of collateral, helping loan growth. Higher gold prices have strengthened the company’s balance sheet. Outlook for gold‑loan lenders According to market experts, the strong demand for gold loans is likely to continue. Asset quality remains stable thanks to conservative loan‑to‑value ratios, and the sector’s collateral base is solid. Short‑term price swings in gold may create buying opportunities, but they do not indicate a fundamental shift in the business. Disclaimer Remember, this is perspective, not a prediction. Do your own research and consider consulting a qualified financial advisor before making any investment decisions.