Tata Consultancy Services (TCS) informed the exchanges that it has inaugurated a new delivery centre in Toulouse, France, aimed at leveraging next-generation technologies such as artificial intelligence (AI), generative AI, machine learning, and data analytics to assist clients in the aerospace and related sectors like manufacturing and defence.

Details of the Delivery Centre

The company stated that the state-of-the-art facility will drive AI-powered transformation, fostering innovation to enhance aircraft design, manufacturing, and maintenance processes for European clients. This includes optimising fuel efficiency, creating advanced materials for lighter aircraft structures, and introducing predictive maintenance solutions to reduce downtime, boost safety, and redefine future passenger experiences.

Located strategically in Blagnac near Toulouse Airport, the centre will be in close proximity to aerospace industry clients.

This marks TCS’ fourth delivery centre in France, joining Lille, Poitiers, and Paris-Suresnes. With 30 years of presence in France, TCS has built strong partnerships with major European businesses, supporting digital transformation initiatives for CAC 40 companies and large enterprises.

The company has significantly invested in its workforce in the country and plans to double its staff in the region. Recently, TCS also launched its innovation hub, TCS Pace PortTM, in Paris to further its commitment to driving economic growth in the area.

The Toulouse delivery centre will play a vital role in expanding recruitment in the region, tapping into the local talent pool, academic collaborations, and TCS’ established expertise in France.

As a certified Top Employer, TCS is dedicated to fostering talent development and innovation through strong ties with prestigious schools and universities, such as Pôle Léonard de Vinci and EPITA, to ensure future generations are well-equipped to succeed in the digital age.

On January 21, 2025, TCS share price opened at ₹4,095.30, touching the day’s high at ₹4,111.00, as of 12:09 PM on the NSE.

 

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.

Indian Overseas Bank (IOB) has reported its financial results for the quarter and nine months ended December 31, 2024.

Q3 FY 2025 Financial Highlights 

For Q3 FY25, the bank recorded a net profit of ₹874 crore, reflecting a 20.89% year-on-year (YoY) growth from ₹723 crore in Q3 FY24. Operating profit also showed a rise, increasing by 27.30% to ₹2,266 crore from ₹1,780 crore in the same period last year.

Total income for the quarter rose by 13.07%, reaching ₹8,409 crore compared to ₹7,437 crore in Q3 FY24. Interest income grew by 15.16%, reaching ₹7,112 crore, while net interest income (NII) grew by 16.30% to ₹2,789 crore, up from ₹2,398 crore in Q3 FY24.

Other Key Highlights

The bank also showed improvement in asset quality. As of December 31, 2024, the gross non-performing assets (GNPA) ratio improved to 2.55%, down from 2.72% in the previous quarter and 3.90% in Q3 FY24. The net non-performing assets (NNPA) ratio stood at 0.42%, an improvement from 0.47% in Q2 FY25 and 0.62% in Q3 FY24.

In terms of business growth, IOB saw a 9.82% increase in total business, which reached ₹5,42,753 crore compared to ₹4,94,209 crore a year ago. The bank’s total deposits increased by 9.74% to ₹3,05,121 crore from ₹2,78,046 crore as of December 31, 2023.

On January 21, 2025, Indian Overseas Bank share price (NSE: IOB) opened at ₹52.39, almost the same as its previous close of ₹52.52. At 11:43 AM, the share price of IOB was trading at ₹51.65, down by 1.66% on the NSE.

 

 

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.

RattanIndia Power Limited has been in focus on Tuesday. On January 21, 2025, RattanIndia Power share price (NSE: RTNPOWER) opened at ₹12.80, almost the same as its previous close of ₹12.78. At 11:06 AM, the share price of RattanIndia Power was trading at ₹12.49, down by 2.27% on the NSE.

The company is set to release its financial results for the quarter and nine months ended December 31, 2024, on January 22, 2025. RattanIndia Power informed the exchanges that a meeting of the Board of Directors will be held on Wednesday, January 22, 2025, to review and approve the unaudited financial results (both standalone and consolidated) for the specified period.

H1 FY 2025 Financial Highlights

For the first half of FY 2025 (H1 FY25), RattanIndia Power reported a significant increase in its Profit After Tax (PAT), which stood at ₹89 crore, compared to ₹20 crore in H1 FY24. This impressive growth highlights the company’s improved financial performance. However, the total income for H1 FY25 decreased slightly to ₹1,806 crore, from ₹1,833 crore in the corresponding period of the previous year.

About RattanIndia Power Limited

RattanIndia Power Limited is one of India’s largest private power generation companies, with a total installed capacity of 2,700 MW. It operates thermal power plants in Amravati and Nashik, Maharashtra, each with a capacity of 1,350 MW. The company plays a crucial role in India’s energy sector.

 

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.

Multi Commodity Exchange of India Limited (MCX) has been in focus post the announcement of its unaudited financial results for the third quarter (Q3) of FY 2024-25.

On January 21, 2025, MCX share price opened at ₹5,950.00, down from its previous close of ₹6,026.90. At 10:41 AM, the share price of MCX was trading at ₹5,487.90, down by 8.94% on the NSE.

Q3 FY 2024-25 Financial Highlights

For the quarter ended December 31, 2024, MCX reported a total income of ₹324 crores, an increase from ₹311 crores in the previous quarter (Q2 FY 2024-25).

Operating income also grew, rising to ₹301 crores from ₹286 crores in the preceding quarter. The company’s EBITDA for Q3 FY 2024-25 stood at ₹216 crores, up from ₹205 crores in Q2 FY 2024-25. The EBITDA margin for the quarter was an impressive 67%, while the profit after tax (PAT) margin was 49%.

Operational Highlights for Q3 FY 2024-25

The exchange witnessed substantial growth in options trading, with the Average Daily Turnover (ADT) increasing to ₹2,07,090 crores from ₹1,93,309 crores in Q2 FY 2024-25. Additionally, the average premium turnover also increased to ₹3,613 crores, up from ₹3,264 crores in the previous quarter. Futures ADT also rose to ₹28,410 crores in Q3 FY 2024-25, compared to ₹26,941 crores in the preceding quarter.

Nine-Month Operational Highlights

For the nine months ended December 31, 2024, MCX’s ADT for both futures and options surged by 106%, reaching ₹2,09,233 crores, compared to the same period last year.

The total number of traded clients in futures and options grew by 49%, reaching ~11 lakh clients. The ADT for commodity futures increased by 33%, reaching ₹27,099 crores compared to ₹20,321 crores in FY 2023-24.

The notional ADT of options rose sharply by 124%, reaching ₹1,82,134 crores, up from ₹81,186 crores during the same period in FY 2023-24.

Additionally, MCX reported notable deliveries during the nine months, with 5.6 metric tons (MT) of gold, 489 MT of silver, and 49,986 MT of base metals delivered via the exchange.

 

 

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.

IDBI Bank reported financial results for the quarter and nine months ended December 31, 2024.

Post the announcement, on January 21, 2025, IDBI Bank share price (NSE: IDBI) opened at ₹86.50, slightly up from its previous close of ₹86.14. However, at 10:14 AM, the share price of IDBI Bank was trading at ₹83.24, down by 3.37% on the NSE. Notably, the stock price touched its 52-week low recently at ₹65.89 on January 13, 2025.

Q3 FY 2025 Financial Highlights

The bank’s net profit for Q3 FY 2025 surged by 31% to ₹1,908 crore, compared to ₹1,458 crore in the same period last year. This growth was driven by an increase in operating profit, which rose by 20% to ₹2,802 crore from ₹2,327 crore in Q3 FY 2024.

Other Major Highlights 

One of the key highlights was the significant improvement in Net Interest Income (NII), which grew by 23% to ₹4,228 crore, up from ₹3,435 crore in Q3 FY 2024. This was supported by a notable improvement in Net Interest Margin (NIM), which increased by 45 basis points to 5.17%, compared to 4.72% in the corresponding quarter of the previous year.

The bank also reported a reduction in its cost-to-income ratio, which declined by 351 basis points to 43.71%, reflecting improved operational efficiency.

In terms of asset quality, IDBI Bank achieved progress. The Gross Non-Performing Asset (NPA) ratio improved to 3.57% as of December 31, 2024, down from 4.69% in the previous year. The Net NPA ratio also saw improvement, decreasing to 0.18% from 0.34% a year earlier.

The bank’s total deposits increased by 9% year-on-year, reaching ₹2,82,439 crore as of December 31, 2024, up from ₹2,58,442 crore as of the same date in 2023. Despite the improvement in the cost of funds, which rose to 4.82% from 4.60% in Q3 FY 2024, IDBI Bank continued to report growth.

 

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.

Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of ONGC, announced its financial results for the third quarter (Q3 FY 2024-25) and the nine months ended December 31, 2024.

Q3 FY 2025 Financial Highlights

MRPL reported revenue from operations of ₹25,601 crore in Q3 FY 2024-25, compared to ₹28,364 crore in the same quarter of the previous fiscal. The company’s Profit Before Tax (PBT) stood at ₹469 crore, down from ₹591 crore in Q3 FY 2023-24, while Profit After Tax (PAT) was ₹304 crore, compared to ₹387 crore in the corresponding quarter of the previous year.

9 Months Ended December 31, 2024

For the nine-month period (IXM FY 2024-25), MRPL’s revenue from operations increased to ₹81,676 crore, up from ₹76,033 crore in IXM FY 2023-24. However, the company reported a Loss Before Tax of ₹471 crore, as opposed to a Profit Before Tax of ₹3,755 crore in the same period last year. Similarly, it posted a Loss After Tax of ₹313 crore, in contrast to a Profit After Tax of ₹2,459 crore in IXM FY 2023-24.

Major Highlights

MRPL recorded its highest-ever crude processing volumes in Q3 FY 2024-25, with gross crude processing reaching 4,541.5 TMT, surpassing the previous record of 4,459.1 TMT achieved in Q3 FY 2022-23. Net crude processing also set a new benchmark at 4,601.0 TMT, exceeding the earlier record of 4,479.7 TMT. The company processed Merey-16 Crude from Venezuela (API-15.69) for the first time in November 2024.

Additionally, MRPL achieved record production levels for key products during the quarter. Aviation Turbine Fuel (ATF) production rose to 763.1 TMT, surpassing the previous high of 747.5 TMT in Q2 FY 2024-25. Benzene production also reached a new peak of 60.6 TMT, compared to the earlier best of 49.7 TMT.

On January 21, 2025, Mangalore Refinery and Petrochemicals share price (NSE: MRPL) opened at ₹145.00, touching the day’s low at ₹143.37, as of 9:52 AM on the NSE.

 

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.

Dixon Technologies (India) Ltd reported its unaudited financial results for the quarter and nine months ended December 31, 2024.

Post the announcement, on January 21, 2025, Dixon share price opened at ₹17,248.25, down from its previous close of ₹17,559.45. At 9:40 AM, the share price of Dixon Technologies was trading at ₹15,996.00, down by 8.90% on the NSE.

Q3 FY 2025 Financial Highlights

For the quarter ended December 31, 2024, the company reported a significant rise in its financial performance. Revenue from operations surged by 117%, reaching ₹10,461 crore, while EBITDA increased by 113% to ₹398 crore. Profit Before Tax (PBT) rose by 127% to ₹286 crore, and Profit After Tax (PAT) grew by 124% to ₹217 crore.

Nine Months Ended December 31, 2024 Financial Highlights

For the nine months ended December 31, 2024, the company continued its performance with a 119% increase in revenue to ₹28,577 crore, a 106% rise in EBITDA to ₹1,074 crore, a 173% increase in PBT to ₹995 crore, and a 177% jump in PAT to ₹769 crore compared to the corresponding period of the previous year.

MOU with KHY Electronic India Private Limited

Recently, iSmartU India Private Limited (IIPL), a subsidiary of Dixon Technologies (India) Limited, has entered into a Binding Memorandum of Understanding (MOU) with KHY Electronic India Private Limited (KHY) on January 18, 2025. Under this MOU, IIPL will acquire land, buildings, machinery, and other tangible assets from KHY for a total amount of up to ₹133 crore, excluding applicable taxes. The transaction is subject to necessary due diligence, satisfactory completion of conditions precedent as outlined in the MOU, and the signing of definitive agreements.

About Dixon Technologies (India) Limited

Dixon Technologies (India) Limited, established in 1993, is a leading Electronic Manufacturing Services (EMS) company operating across various electronic product segments, including consumer electronics, lighting, home appliances, CCTV cameras, and mobile phones. The company also specialises in reverse logistics and manufactures security surveillance equipment, wearables, audibles, and AC-PCBs. Recently, Dixon entered into a joint venture with Imagine Marketing Private Limited to design and manufacture wireless audio solutions in India.

 

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.

On Tuesday, January 21, 2025, the Indian benchmark indices Sensex and Nifty 50 are expected to open higher, following the positive trend in the global markets after Donald Trump was sworn-in as US President. Check out a few stocks that might be in focus during the trading session.

• TCS

TCS informed the exchanges that it inaugurated a new delivery centre in France aimed at driving AI-powered transformation in the aerospace and defence sectors.

• Dixon Technologies

In Q3 FY25, Dixon Technologies reported a consolidated net profit of ₹216.2 crore, a significant 122.8% jump from ₹97.1 crore YoY. Revenue surged by 117% to ₹10,453.7 crore from ₹4,818.3 crore, while EBITDA rose 111.8% to ₹390.5 crore from ₹184.4 crore.

• IDBI Bank

IDBI Bank posted a Q3 standalone net profit of ₹1,910 crore, up from ₹1,460 crore YoY. The Gross Non-Performing Assets (GNPA) ratio improved to 3.57% from 3.68% QoQ, while the Net Non-Performing Assets (NNPA) ratio declined to 0.18% from 0.20%.

• Zomato

Zomato reported its Q3 FY 2025 results and the consolidated net profit fell to ₹59 crore, compared to ₹140 crore YoY, missing estimates of ₹270 crore. EBITDA stood at ₹162 crore, falling short of the expected ₹260 crore, with an EBITDA margin of 3%, below the anticipated 5%.

• Jammu & Kashmir Bank

J&K Bank’s Q3 standalone net profit increased to ₹530 crore from ₹421 crore YoY but fell from ₹550 crore QoQ. Revenue grew to ₹3,206 crore from ₹2,881 crore YoY. GNPA ratio rose to 4.08% from 3.95% QoQ, and NNPA increased to 0.94% from 0.85%.

• Vodafone Idea

Vodafone Idea issued a clarification denying any communication from the government about a possible ₹1 lakh crore AGR dues waiver.

• Cipla

Cipla announced that the USFDA concluded an inspection at the company’s Medispray facility in Kundaib, Goa, with one observation under Form 483.

• Central Bank of India

Central Bank of India posted its Q3 FY 2025 financial results and its standalone net profit rose to ₹960 crore, up from ₹720 crore YoY. The GNPA ratio improved to 3.86% from 4.59% QoQ, and the NNPA ratio declined to 0.59% from 0.69%.

 

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.

On January 20, 2025, BSE Sensex closed at 77,073.44 up by 0.59%, while Nifty50 rose 0.61% to 23,344.75. Stocks like KRN Heat Exchanger and Refrigeration, and Aether Industries hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today.

Stocks That Hit Lower Circuit on January 20, 2025

Stocks That Hit Upper Circuit on January 20, 2025

Overview of Companies Hitting Circuits Today

• KRN Heat Exchanger and Refrigeration

KRN Heat Exchanger and Refrigeration Limited saw a significant rise in its stock price, rising by 9.99% to close at ₹828.75. The stock opened at ₹758.90 and reached a high of ₹828.75.

• Aether Industries

Aether Industries Limited experienced a notable rise in its stock price, rising by 7.14% to close at ₹880.35. The stock opened at ₹828.45 and touched a high of ₹903.80.

• Globus Spirits

Globus Spirits Limited saw its stock price rise sharply by 13.50% to close at ₹903.60. The stock opened at ₹910.00 and climbed to ₹955.35 at the high of the day.

• Refex Industries

Refex Industries Limited saw a decrease in its stock price, dropping by 4.68% to close at ₹461.25. The stock opened at ₹480.00 and dropped to a low of ₹459.70.

• PTC Industries

PTC Industries experienced a drop in its stock price, dropping by 5.00% to close at ₹15,746.15. The stock opened at ₹16,420.00 and reached a low of ₹15,746.15.

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.