On Wednesday, January 15, 2025, the Indian benchmark indices Sensex gained by 224.45 points, or 0.29%, to close at 76,724.08, while the Nifty 50 surged by 37.15 points, or 0.16%, ending at 23,213.20. Check out a few stocks that might be in focus during the trading session on Thursday.
L&T Technology Services (LTTS) reported a modest increase in profit for the third quarter, rising by 0.87% to reach ₹322.4 crore, compared to ₹319.6 crore in the previous quarter. The company’s revenue grew by 3.1%, totalling ₹2,653 crore, up from ₹2,572.9 crore. EBIT saw a notable increase of 8.8%, reaching ₹421.9 crore, versus ₹387.7 crore in the prior period.
RVNL has been awarded a letter of acceptance for a contract valued at ₹3,622 crore from Bharat Sanchar Nigam Limited (BSNL). The project involves the development, enhancement, and ongoing management of the Middle Mile network under BharatNet, following the Design, Build, Operate, and Maintain (DBOM) framework.
GAIL India has reached a settlement with SEFE Marketing & Trading Singapore Pte Ltd. As part of the agreement, SEFE Marketing & Trading Singapore will pay $285 million to GAIL, and in return, the arbitration case pending before the London Court of International Arbitration will be withdrawn.
CEAT, a tyre manufacturer and part of the RPG Group, reported a 46.5% year-on-year (YoY) drop in net profit, which amounted to ₹97.1 crore for the third quarter ending December 31, 2024. In the same quarter of the previous year, the company had recorded a net profit of ₹181.5 crore, according to a regulatory filing. However, CEAT’s revenue from operations saw a growth of 11.4%, reaching ₹3,299.9 crore, compared to ₹2,963.1 crore in the same period of the prior fiscal year.
Happiest Minds, an IT company, has entered into a strategic partnership with Coca-Cola Beverages Vietnam to create generative AI (GenAI) solutions focused on improving organisational productivity and operational efficiency. As part of its GenAI business services (GBS), Happiest Minds collaborated with Coca-Cola’s strategic team during an initial discovery phase to assess business needs and design customised solutions.
Exide Industries, a prominent battery manufacturer, has made an investment of ₹149.99 crore in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), through a rights issue. This increases Exide’s total stake in EESL to ₹3,302.23 crore. The company subscribed to 4.17 million shares of EESL at a price of ₹10 per share, with an additional premium of ₹26 per share.
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.
Published on: Jan 16, 2025, 8:49 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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