Here's a quick snapshot of today’s market highlights, focusing on companies reporting earnings and key business moves that could affect your portfolio.
Earnings Releases Today
- Galaxy Agrico Exports
- Mahesh Developers
- Premier Energy and Infrastructure
- Siddheswari Garments
Quarterly Business Updates
Titan Company (Q3 YoY)
- Domestic business up 38%.
- International business jumps 79%.
- Consumer business rises 40%.
- Watch business grows 13%.
- EyeCare up 16%.
- Emerging business climbs 14%.
- Jewellery segment surges 41%.
- Added 54 new stores in India and 2 overseas, total stores 3,433.
Jubilant Foodworks (Q3 YoY)
- Revenue increased 13.4% to ₹2,438.7 crore.
- Domino’s India same‑store sales grew 5%.
- Opened 75 new stores, ending quarter with 2,396 outlets.
Godrej Consumer Products (Q3 YoY)
- India demand improving; inflation falling and GST rates lower.
- Goal: double‑digit revenue and volume growth.
- Home Care and Personal Care segments expected to post double‑digit and mid‑single‑digit value growth respectively.
- EBITDA margins to return to normal range.
- International units (Africa, USA, Middle East) targeting double‑digit top‑ and bottom‑line growth by FY27.
Lodha Developers (Q3 YoY)
- Pre‑sales rose 25% to ₹5,620 crore.
- Collections fell 17% to ₹3,560 crore.
- Added 5 projects with a gross development value of ₹33,800 crore in Mumbai, NCR and Bengaluru.
Stocks to Watch
- Yes Bank: Received NSDL approval to move its demat business under Yes Securities.
- IRB Infrastructure Trust: Won a 20‑year toll concession for a stretch of NH‑16 in Odisha, paying an upfront fee of ₹3,087 crore.
- Indian Energy Exchange: Pending court case on market‑coupling regulation; hearing set for Jan 6.
- Biocon: Sub‑unit Biocon Biologics to launch three new oncology biosimilars at a US healthcare conference.
- ONGC: Management took control of a well after an incident; fire is being contained.
- Pidilite Industries: Its subsidiary swapped its entire Pepperfry holding for a 2.20% stake in TCC Concept.
- Fino Payments Bank: Migrating to a new core banking platform (Finacle) from Jan 8‑10; services will be temporarily unavailable.
- Reliance Industries: Denied reports of buying Russian oil for its Jamnagar refinery, calling the claims false.
Recent Bulk Deals
- Compact Structure Fund bought 1.8 lakh shares of Speb Adhesives at ₹55.86 each (≈₹1 crore).
- Greenx Wealth Multihorizons Opportunity Fund acquired 61,800 shares of Dhariwalcorp at ₹361 each (₹2.23 crore).
- Tiger Strategies Fund sold 60,000 EPW India shares at ₹100.2 each (₹60 lakh).
Remember, this is just a snapshot of the market and not a recommendation. Do your own research before making any investment decisions.