Stocks to Watch on January 23, 2025: HUL, BPCL, Coforge, Tata Communications, and More

Indian stock markets are likely to get impacted today, as indicated by GIFT Nifty futures trading 61 points lower than Nifty50 futures at 23,137. Yesterday, the Sensex gained 566 points (0.75%) to close at 76,404.99, and Nifty50 rose 130 points (0.57%) to settle at 23,155.35. Here are the stocks to keep an eye on:

• Hindustan Unilever (HUL)

HUL reported a net profit of ₹3,001 crore, up from ₹2,519 crore year-on-year (YoY). Revenue stood at ₹15,195 crore compared to ₹14,930 crore YoY. EBITDA margin improved to 24.15% from 23.88% YoY. The company announced the demerger of its ice cream business, Kwality Wall’s, and signed an agreement to acquire a 90.5% stake in Minimalist for ₹2,955 crore.

• BPCL

BPCL posted a sharp rise in net profit to ₹4,640 crore from ₹2,400 crore quarter-on-quarter (QoQ), while revenue grew to ₹1.27 lakh crore from ₹1.18 lakh crore QoQ. EBITDA margin improved to 5.94%, up from 3.85% QoQ.

• Coforge

Coforge reported a net profit of ₹216 crore, up from ₹202 crore QoQ, with revenue rising to ₹3,320 crore. The company declared an interim dividend of ₹19 per share.

• Pidilite Industries

Pidilite Industries net profit rose to ₹552 crore from ₹510 crore YoY, while revenue increased to ₹3,369 crore from ₹3,130 crore YoY.

• Tata Communications

Tata Communications recorded a 424% YoY growth in net profit to ₹236 crore, with revenue increasing by 3.8% YoY to ₹5,798 crore.

• Paras Defence

Paras Defence signed an MoU with the Maharashtra government to establish an Optics Park with a ₹12,000 crore investment, expected to create 2,000 jobs by 2028.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.