Indian markets are likely to open on a higher note on Wednesday, January 22. As per the early trends, GIFT Nifty was trading 22.50 points or 0.10% higher at 23,139.50. This indicates a potentially positive opening for key domestic indices, including the NSE Nifty 50 and BSE Sensex.
Sensex and Nifty end in red on January 21
During Tuesday’s trading session, benchmark indices closed in the red, with the NSE Nifty 50 falling 291.70 points or 1.25% to settle at 23,053.05 and the BSE Sensex dropping 1,071.98 points or 1.39% to end at 76,001.46.
Midcap stocks faced significant pressure, as the Nifty Midcap 100 slid 2.31% to 53,834.95. The sell-off was triggered in the wake of US President Donald Trump’s announcement of new trade tariffs, which weighed heavily on global investor sentiment.
Quarterly watch: Key earnings announcements on January 22
Around 50 companies are set to announce their Q3 FY25 earnings today, keeping their share prices in focus during the trading session. Leading the list is HDFC Bank, followed by Hindustan Unilever, Bharat Petroleum Corporation (BPCL), and Polycab India. Other notable names include Pidilite Industries, Tata Communications, Indus Towers, Persistent Systems, and Coforge, among others.
Stocks to watch on January 22, 2025
Adani Energy Solutions
Adani Energy Solutions (AESL) announced its largest order to date, a Rs 25,000 crore HVDC project connecting Rajasthan and Uttar Pradesh. This win boosted the company’s order book to Rs 54,761 crore, showcasing its growing dominance in India’s energy infrastructure sector.
PNB Housing Finance
The mortgage lender reported a 36% YoY increase in net profit for Q3 FY25, standing at Rs 471.4 crore. Net Interest Income also surged by 15% to Rs 1,119 crore.
The PNB Housing Finance share price in the previous day trading session closed at Rs 899.00 apiece, down by 1.47%.
ICICI Prudential Life
The life insurance giant recorded a 43% YoY growth in net profit, reaching Rs 326 crore for Q3 FY25. Net premium income climbed to Rs 12,261 crore. Further, the share price of ICICI Prudential Life ended the day at Rs ICICI Prudential Life 635.90, down by 0.84%.
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India Cements
India Cements posted a net loss of Rs 428.8 crore, compared to Rs 16.5 crore in the previous period. Revenue dropped by 15% YoY to Rs 940 crore in Q3 FY25, compared to Rs 1,113.06 crore in the same quarter the previous year.
The share price of India cements also tumbled over 8% in the previous day session, settling at Rs 348.35 apiece.
Cyient DLM
The electronic manufacturing services firm reported a 38.4% YoY increase in revenue which equals to Rs 444.2 crore. Furthermore, the net profit declined sharply by 40.8% to Rs 10.9 crore. As for the share price of Cyient DLM, it closed the previous day trading session on a red note, down by 0.55%.
The share price of Adani Energy will also be in focus in today’s trading session due to the latest development.
UCO Bank
UCO Bank reported a 27.05% YoY increase in net profit for Q3 FY25, reaching Rs 638.83 crore compared to Rs 502.83 crore in the same period last year. The bank’s total income surged 15.50% to Rs 7,405.89 crore, while Net Interest Income (NII) rose by 19.6% to Rs 2,377 crore.
UCO Bank’s share price ended in the red during the previous trading session, closing at Rs 44.06, down 1.12%.
RailTel Corporation of India
RailTel has secured a new contract valued at Rs 46.79 crore. The order was awarded by North Western Railway and involves work related to railway signalling systems.
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Dalmia Bharat
Cement manufacturer Dalmia Bharat faced a 75.2% YoY drop in net profit for Q3 FY25, posting Rs 66 crore compared to Rs 266 crore in the corresponding quarter last year. Revenue from operations also declined by 11.7% YoY to Rs 3,181 crore.
The company’s share price reflected investor optimism, closing at Rs 1,774.95 in the previous session, up by 1.31%.
Tata Technologies
Tata Technologies reported a 1% YoY dip in net profit, recording Rs 168.6 crore in Q3 FY25 compared to Rs 170.2 crore last year. Revenue from operations rose marginally by 2.2% YoY to Rs 1,317.4 crore.
Tata Technologies’ share price ended 0.44% higher in the previous session, closing at Rs 816.
JK Tyre & Industries
JK Tyre has been granted a $100 million sustainability-linked loan by the International Finance Corporation (IFC). Of this amount, Rs 30 million will go directly to JK Tyre & Industries, while the remaining Rs 70 million is allocated for Cavendish Industries (CIL), a key subsidiary of the company.
Indiamart Intermesh
B2B e-commerce platform Indiamart Intermesh showcased strong performance in Q3 FY25, reporting a 47.6% YoY increase in net profit to Rs 121 crore. Revenue from operations rose by 16% to Rs 354.3 crore.
In the previous trading session, Indiamart Intermesh’s share price closed at Rs 2,296, up by 1.15%.
