Stocks to Watch on January 24, 2025: ICICI Bank, Dr Reddy’s, HPCL, Adani Green, NHPC in Focus

Indian markets are likely to get impacted, as indicated by GIFT Nifty futures trading 45 points higher than Nifty50 futures at 23,308.

On Thursday, the markets ended in the green, with the BSE Sensex gaining 115 points (0.15%) to close at 76,520.38, while the Nifty50 advanced by 50 points (0.22%) to settle at 23,205.35.

Here are the key stocks to keep an eye on today.

• Earnings Reports Today

Several companies, including ICICI Bank, NTPC, IDFC First Bank, Yes Bank, Balkrishna Industries, Gujarat Ambuja Exports, Go Fashion, JK Cement, Macrotech Developers, NTPC Green Energy, SBFC Finance, and Transport Corporation of India, are set to announce their quarterly earnings today.

• Performance of Dr Reddy’s Laboratories

Dr Reddy’s Laboratories reported a 2.5% increase in Q3 net profit to ₹1,413.3 crore compared to ₹1,378.9 crore in the same period last year. Revenue grew by 15.9% to ₹8,358.6 crore, and EBITDA rose by 8.9% to ₹2,298.2 crore. However, the EBITDA margin declined to 27.5% from 29.3%.

• UltraTech Cement’s Results

India’s largest cement maker, UltraTech Cement, recorded a 17.3% decline in Q3 net profit to ₹1,470 crore due to weak price realizations despite higher volumes. Revenue saw a modest growth of 2.7% to ₹17,193 crore year-on-year.

• Indus Towers Sees a Strong Quarter

Indus Towers posted a significant increase in Q3 net profit, rising to ₹4,000 crore from ₹1,540 crore last year. Revenue grew to ₹7,647 crore, while the EBITDA margin improved to 92.71% from 50.31%.

• HPCL Reports Robust Performance

Hindustan Petroleum Corporation Limited (HPCL) reported a sharp rise in Q3 standalone net profit to ₹3,023 crore, up from ₹630 crore in the previous quarter. Revenue climbed to ₹1,18,000 crore, and the EBITDA margin improved to 5.04% from 2.52%.

• Adani Green Energy’s Growth

Adani Green Energy’s Q3 net profit increased to ₹492 crore from ₹260 crore, while revenue stood at ₹2,365 crore. However, the EBITDA margin declined to 67.7% from 72.09%.

• NHPC Forms Green Energy Venture

NHPC formed a joint venture with Andhra Pradesh Power Generation Corporation (APGENCO) for green energy projects, with equal equity participation.

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.

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