L&T, Marico, Bajaj Finance, Piramal Enterprises, ITC Ltd, Voltas: Stocks to watch on Tuesday

Stocks to watch on Tuesday, January 30: At 8:12 AM, GIFT Nifty futures traded 103.25 points, or 0.47 per cent, higher at 21,958.5, indicating a positive start for domestic equities today.

Domestic benchmark equity indices Sensex and Nifty rebounded sharply on Monday, surging nearly 2 per cent, on heavy buying in Reliance Industries and a rally in Asian markets. The 30-share BSE Sensex jumped 1,240.90 points or 1.76 per cent to settle at 71,941.57. The Nifty climbed 385 points or 1.80 per cent to 21,737.60.

Here are some stocks that will be in focus on Tuesday, January 30:

Results on January 30: Bajaj Finserv, Dr. Reddy’s Laboratories, L&T, M&M Financial Services, Voltas, Apar Industries, Jubilant Ingrevia, Kaynes Technology India, KPIT Technologies, Piramal Pharma, Adani Total Gas, Cochin Shipyard, JBM Auto, KEC International, PB Fintech, Keystone Realtors, Shyam Metalics and Energy, Strides Pharma Science, Suven Life Sciences, Texmaco Infrastructure & Holdings, and VIP Industries are some companies that will release their Q3 results.

Piramal Enterprises: The company incurred a consolidated loss of Rs 2,377.59 crore for the third quarter (Q3FY24) against a profit of Rs 3,545.37 crore a year ago. The company's revenue from operations for the quarter under review stood at Rs 2,475.65 crore against Rs 2,811.24 crore year-on-year (YoY).

Marico: The FMCG company recorded a net profit of Rs 386 crore for Q3 against Rs 333 crore a year ago. The total income of the company stood at Rs 2,465 crore for the quarter under review against Rs 2,510 crore YoY. 

Heritage Foods: The company recorded a consolidated profit of Rs 26.90 crore for the quarter that ended on December 31, up from Rs 13.725 crore a year ago. 

Bajaj Finance: The NBFC posted a profit after tax (PAT) of Rs 3,638.95 crore for Q3 against Rs 2,973 crore a year ago. The company's net non-performing asset (NPA) increased to 0.37 per cent against 0.31 per cent quarter-on-quarter (QoQ). Gross NPA increased to 0.95 per cent against 0.91 per cent QoQ.

Petronet LNG: The Indian oil and gas company reported a PAT of Rs 1,190.3 crore for the third quarter ended December 31 against Rs 814.91 crore in the second quarter ended September 30. The total income of the company stood at Rs 14,903.76 crore for the quarter under review against Rs 12,686.18 crore QoQ. 

ITC: The cigarettes-to-hotel conglomerate posted weak Q3 results with margins shrinking to 36.5 per cent as against 38.3 per cent during the same period last year. Net profit, however, inched higher on year.

NTPC: The state-run utility major posted Q3 earnings below estimates. Margin at the company for the December quarter came in lower at 25.2 per cent versus 28 per cent. Profit though increased 2.1 per cent on year.

Vodafone Idea: The telecom company posted good operational and bottomline performance during the quarter ended December 2023. The company's loss for the period under review stood at Rs 6986 crore versus estimated loss of Rs 7875 crore.Margin inched higher to 40.8 per cent as against 40 per cent in the year ago period. The average revenue per user also saw an increase from Rs 142 in Q3FY23 to Rs 145. 

Nippon Life, UTI AMC: The stocks of asset management companies will gain focus in today's session after posting good Q3 numbers. The profit of Nippon Life AMC surged 33.8 per cent on year, while revenues edged higher by 18.8 per cent.  Meanwhile, revenues also surged 18.8 per cent on year.  Additionally, for UTI AMC, profit at the company grew 38 per cent on year, while revenues surged higher by 23 per cent on year. 

Nuvoco Vistas: The cement manufacturer swinged to profit in Q3 as against loss reported in the same period last fiscal. The company for the period reported profit at Rs 30 crore versus loss of Rs 26 crore in the same period a year-ago. Margin also increased to 14 per cent as against 9 per cent in Q3FY23. 

Maharashtra Seamless, Venus Pipes: The iron and steel pipe makers delivered good performance during Q3. Venus Pipes' profit during the review period surged 2 times, while margins also soared to 18.8 per cent as against 12.9 per cent on year. Similarly, Maharashtra Seamless posted 73 per cent  YoY increase in profit during Q3, with margins climbing to 25.8 per cent in comparison to 18.4 per cent in the same period a year-ago.

(With inputs from agencies.)

Catch the latest stock market updates here. For all other news related to business, politics, tech and auto, visit Zeebiz.com.