HUL, RBL Bank, Paytm: Stocks to watch on Saturday

Stocks to watch on Saturday, January 20: Domestic equity benchmarks halted a three-session losing streak on Friday, January 19, driven by strong buying interest across sectors except private banks and media. The Sensex ended with a gain of 496.4 points, or 0.7 per cent, at 71,683.2 and the Nifty50 settled at 21,622.4, up 160.2 points, or 0.8 per cent, from its previous close. 

On the occasion of Pran Prathistha ceremony, markets will be functional for the full day and will be shut on Monday (January 22):

Here are some stocks that will be in focus on Saturday, January 20:

RBL Bank: The private sector lender recorded a consolidated net profit of Rs 244.89 crore for the third quarter ended December 31 against Rs 224.8 crore a year ago. Total income for the quarter under review stood at Rs 3,968.82 crore against Rs 3,121.34 crore year-on-year (YoY).

HUL: The FMCG giant Hindustan Unilever Ltd (HUL) reported a standalone net profit of Rs 2,519 crore for the October-December period, as against Rs 2,505 crore for the corresponding quarter a year ago. Revenue as well as EBITDA margins missed despite higher gross margins. Most brokerages have slashed the target price. CLSA double downgrades the counter to 'underperform' with a reduced target of Rs 2637 per share. 

One 97 Communications: The parent company of Paytm incurred a net loss of Rs 221.7 crore for the third quarter from October to December 2023 against the loss of Rs 392.1 crore a year ago. The revenue from operation for the quarter under review stood at Rs 2,850.5 crore against Rs 2,062.2 crore YoY. 

CESC Ltd: The company recorded a profit of Rs 301 crore against Rs 336 crore YoY for the third quarter ended December 31, 2023. The revenue from operations stood at Rs 3,244 crore for the quarter under review against Rs 3,129 crore a year ago.

DCM Financial Services: The board on January 24, in a meeting, will consider the proposal for voluntary delisting of shares of the company from the Calcutta Stock Exchange Limited (CSE).

Diamond Power Infrastructure: The company received a Letter of Intent from Adani Green Energy Limited for the supply of various Cables & Conductors for its various projects. The order aggregates to Rs 222.08 crore.

Tejas Networks: The company has reported loss of Rs 45 crore as against loss of Rs 15 crore in the same quarter last year.

Sunteck Realty: Shares of the realty major will gain focus as loss at the company for Q3 has inched higher to Rs 9.7 crore versus Rs 2.1 crore YoY. 

Sigachi Industries: The company has posted better results than estimates with a strong operational performance. Profit at the company has edged higher by 60 per cent. The margins also inched higher by a tad to 20.7 per cent during Q3FY24. 

Credit Access Grameen: The financial company posted mixed results, with an increase in NPA. While profit has gone substantially higher by 63.8 per cent YoY, GNPA has risen sequentially to 0.97 per cent from 0.77 per cent in the same quarter last year.  

Fortis Healthcare: The company's subsidiary Agilus has received a notice from the anti-corruption Delhi branch on January 18. 

Macrotech Developers:  The real estate company's board will meet on January 27 for mulling fund raising via private placement, equity share or QIP.

ICICI Bank and Kotak Mahindra Bank: The private sector lender will be coming up with Q3 results today.

Ajanta Pharma: The company will consider financial results for the quarter and nine months that ended December 31, 2023, in a meeting on January 31.

Olectra Greentech: The board will consider third-quarter financial results on January 27. 

(With inputs from agencies.) 

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