GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a lower opening on Monday. Here’s a look at the key stocks to watch in trade.

Stocks in Focus: GIFT Nifty was trading 59 points or 0.25% lower at 23,072.50 indicating a negative start for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday, the NSE Nifty 50 closed the session 113.15 points or 0.49% lower at 23,092.20, while the BSE Sensex declined 329.92 points or 0.43% to close at 76,190.46.

Stocks to watch on January 27, 2024

Religare Enterprises

The Burman Group has rebutted claims made by US-based investor Digvijay Gaekwad about making an open offer for Religare Enterprises, stating that he did not make a competing offer within 15 days of the Burman Group’s public statement on October 4, 2023. 

NTPC 

NTPC has reported strong financial performance for the third quarter of fiscal year 2025, with a notable increase in net profit and revenue. The company’s net profit rose by 3.1%, reaching Rs 4,711.4 crore, compared to Rs 4,571.9 crore in the same quarter last year. Its revenue for Q3 FY25 also saw impressive growth, increasing by 4.8% to Rs 41,352.3 crore, up from Rs 39,455 crore in Q3 FY24. 

Tata Electronics 

Tata Electronics said it has acquired a 60% stake in Pegatron Technology India, which manufactures Apple products at its plant near Chennai. Tata Electronics had earlier acquired the operations of Wistron India, also an Apple contract manufacturer, in March 2024. 

Godrej Consumer

Godrej Consumer Products posted a net profit of Rs 498 crore for the third quarter of FY25 (Q3FY25), falling short of the Rs 525 crore consensus estimate from Bloomberg. The company had earlier warned of a weak Q3 performance in its quarterly update. It reported a 14.2% year-on-year (y-o-y) decline in consolidated net profit for the December quarter, missing analysts’ estimates. Its consolidated revenue for the quarter rose 3% to Rs 3,768 crore, compared to Rs 3,660 crore in the same period last year, slightly surpassing the Bloomberg estimate of Rs 3,709 crore. 

DLF

DLF reported a 61% year-on-year (y-o-y) increase in net profit for Q3 FY25, reaching Rs 1,059 crore, against Rs 657 crore in the same quarter of the previous financial year. The company’s revenue remained flat at Rs 1,529 crore in Q3 FY25, marginally higher than Rs 1,521 crore in Q3 FY24. 

Adani Group

The Adani Group said the Sri Lankan government is reviewing the tariffs agreed upon under a power purchase agreement (PPA) for its wind power projects, but said this was part of a “standard review process.” Reports that Adani Group’s 484 megawatts (MW) wind power projects in Sri Lanka’s northern Mannar and Pooneryn districts have been cancelled are false and misleading, a spokesperson said. 

JSW Steel  

JSW Steel reported a profit of Rs 719 crore during the fiscal third quarter, a decline of 70.65% from Rs 2,450 crore recorded during the corresponding quarter of FY24, surpassing estimates. It posted revenue from operations at Rs 41,378 crore, down 1.34% as against Rs 41,940 crore recorded during the third quarter of the previous financial year. 

Interglobe Aviation

Interglobe Aviation, the parent company of IndiGo, reported a net profit of Rs 2,448.80 crore, a drop of 18.32% in comparison to Rs 2,998.10 crore during the same period of the previous financial year, missing estimates. It posted revenue from operations at Rs 22,110.70 crore, up 13.67% as against Rs 19,452.10 crore during the third quarter of FY24.