Stocks To Watch Today on January 10, 2025: TCS, IREDA, Tata Elxsi, Adani Total Gas and More in Focus

On Thursday, January 9, 2025, the Indian benchmark indices Sensex dropped by 528.28 points, or 0.68%, to close at 77,620.21, while the Nifty 50 declined by 162.45 points, or 0.69%, ending at 23,526.50. Check out a few stocks that might be in focus during the trading session on Friday.

• TCS

Tata Consultancy Services (TCS) reported a net profit of ₹12,380 crore for Q3 FY25, reflecting an 11.9% increase over ₹11,058 crore in the same quarter of FY24. Adjusting for a one-time legal settlement of ₹958 crore in Q3 FY24, the year-on-year (YoY) net profit growth stands at 5.5%.

• IREDA

Indian Renewable Energy Development Agency (IREDA) posted a net profit of ₹425.38 crore in the October-December quarter, marking a 27% increase from ₹335.53 crore in the corresponding period last year.

• Adani Total Gas

Adani Total Gas received an upward revision of 20% in administered price mechanism (APM) gas allocation from GAIL (India), effective January 16, 2025. This revision is expected to positively impact the company and stabilise retail prices for consumers.

• Adani Wilmar

Adani Commodities LLP, a promoter of Adani Wilmar, plans to sell up to 20% of its stake in the company through an Offer for Sale (OFS), set to open on Friday, January 10, 2025.

• Indian Overseas Bank

Indian Overseas Bank has announced plans to sell ₹11,500 crore worth of non-performing assets to asset reconstruction companies (ARCs). The sale includes 46 loan accounts, with expressions of interest invited from ARCs.

• Tata Elxsi

Tata Elxsi revenue from operations for the quarter ending December 31, 2024, rose 2.7% to ₹939 crore, compared to ₹955.1 crore a year earlier. However, its net profit declined 3.6% to ₹199 crore from ₹229.4 crore in the year-ago quarter.

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.