On Tuesday, January 28, 2025, the Indian benchmark indices Sensex and Nifty 50 are likely to see a cautious opening, tracking weak global market cues. Check out a few stocks that might be in focus during the trading session.
Coal India reported a Q3 net profit of ₹850.6 crore, declining from ₹1,025 crore year-on-year (Y-o-Y) but rising from ₹629 crore quarter-on-quarter (Q-o-Q). Revenue was ₹3,578 crore, slightly lower than ₹3,615 crore Y-o-Y.
Indraprastha Gas reported a Q3 net profit of ₹28.6 crore, declining from ₹43 crore in the previous quarter but exceeding estimates of ₹18.3 crore. Revenue rose to ₹415 crore from ₹409 crore Q-o-Q. EBITDA stood at ₹36.4 crore, down from ₹53.5 crore Q-o-Q, with the EBITDA margin at 8.78%, compared to 13.11% in the last quarter.
Kaynes Technology achieved a Q3 net profit of ₹6.65 crore, rising from ₹4.52 crore Y-o-Y and ₹6.02 crore Q-o-Q. Revenue increased to ₹66 crore from ₹50.9 crore Y-o-Y.
Union Bank of India recorded a Q3 net profit of ₹460 crore, up from ₹359 crore Y-o-Y but slightly down from ₹472 crore Q-o-Q. Revenue increased to ₹2,696 crore from ₹2,540 crore Y-o-Y.
Tata Power’s solar manufacturing arm, TP Solar, secured a significant ₹455 crore contract for supplying 300 MWp ALMM modules to Maharashtra State Power Generation Company Limited.
Tata Steel posted a Q3 net profit of ₹29.5 crore, a sharp drop from ₹52.2 crore Y-o-Y. Revenue was ₹5,365 crore, down from ₹5,531 crore Y-o-Y. The company’s EBITDA stood at ₹590 crore, compared to ₹626 crore Y-o-Y, with an EBITDA margin of 11%, slightly lower than 11.3% Y-o-Y.
Oriental Rail Infrastructure secured a major order worth ₹575 crore for the manufacturing and supply of 33 rakes of Flat Multi-Purpose Wagons (FMP).
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 28, 2025, 8:56 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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