Stocks To Monitor On January 25: IOC, Tech Mahindra, Zee, RailTel, Tata Steel, & Others

Stocks To Watch Today: According to the GIFT Nifty trends, the Sensex and Nifty benchmarks are predicted to open trading lower on January 25. This would signal a negative start for the overall index, which would see a loss of 22.50 points.

By the conclusion of Wednesday’s trading day, the Nifty had gained 215.15 points, or 1.01 percent, to close at 21,454, while the Sensex had gained 689.76 points, or 0.98 percent, to reach 71,060.

Here are a number of stocks that, for a variety of reasons, will be in the spotlight on January 25:

Tata Steel: The Tata Group firm had a consolidated net profit of Rs 522.1 crore for the quarter that ended in December of the fiscal year 2024. Thanks to strong operational results and a drop in input prices, this is a notable improvement over the Rs 2,502 crore loss recorded during the same time last year.

Zee Entertainment Enterprises: In response to Bangla Entertainment (BEPL) and Culver Max, the media and entertainment firm denied any breaches of the terms of the Merger Cooperation Agreement (MCA). It reaffirmed its commitment to carrying out its duties honestly. ZEE said that there is no substantial basis for the $90 million termination fee claim, and it is not legally defendable.

Tech Mahindra: For the October through December fiscal year 2024, the firm that offers consultancy, digital transformation, and business re-engineering services had a 3.3% sequential rise in net profit, amounting to Rs 510.4 crore.

Indian Oil Corporation (IOC): In comparison to the same time last year, the company’s third-quarter net profit increased significantly. The standalone net profit for the December 2023–24 quarter was Rs 8,063.39 crore, as per a stock exchange filing. This is higher than the profit of Rs 448.01 crore reported in the same period last year, but it is less than the profit of Rs 12,967.32 crore recorded in the previous three months ending September 30, 2023.

Bajaj Auto: The leading company in the two-and three-wheeler sector reported a stunning 37% year-over-year increase in standalone net profit for the quarter ending in December of the 2024 fiscal year. At Rs 2,430 crore, the quarterly EBITDA peaked, representing a 37 percent YoY rise, and the margin improved by 100 basis points to 20.1 percent YoY.

Coal India: A joint venture between Coal India and GAIL will enable the government to authorize the development of a coal-to-SNG (synthetic natural gas) plant. Furthermore, a coal-to-ammonium nitrate project that would be a joint venture between Coal India and BHEL was approved. Coal India will be in charge of establishing two coal gasification facilities as part of the attempt to achieve the target of 100 million tonnes of coal gasification by 2030.

TVS Motor Company: For the quarter ending in December of the fiscal year 2024, the company’s net profit increased by a significant 68 percent year over year to Rs 593 crore. Simultaneously, the income from operations increased by 26% year over year to Rs 8,245 crore. During the period, EBITDA increased by 40% year over year to Rs 924 crore. Additionally, the margin expanded by 110 basis points year over year to reach 11.2 percent for the quarter.

RailTel Corporation of India: For the quarter ending in December of the fiscal year 2024, the government-owned company generated a net profit of Rs 62.1 crore, a stunning 94.5 percent year-over-year growth. The strong numbers in both the topline and operational elements are responsible for this rise.