Stocks To Watch Today on January 14, 2025: HCL Technologies, JSW Energy and More in Focus

On Monday, January 13, 2025, the Indian benchmark indices Sensex dropped by 1,048.90 points, or 1.36%, to close at 76,330.01, while the Nifty 50 declined by 345.55 points, or 1.47%, ending at 23,085.95. Check out a few stocks that might be in focus during the trading session on Tuesday.

• HCL Technologies

HCLTech, the IT company, reported a 5.54% increase in its consolidated net profit, reaching ₹4,591 crore for the December quarter of the 2024-25 financial year, compared to ₹4,350 crore in the same period last year, as per a regulatory filing. The company’s revenue from operations for the quarter stood at ₹29,890 crore, marking a 5.07% growth from ₹28,446 crore in Q3 FY24.

• Adani Energy Solutions 

Adani Energy Solutions, the power transmission arm of the Adani Group, has released its business update for the third quarter. The company’s transmission network expanded to 26,485 circuit kilometers (ckm), reflecting a 29.7% year-on-year growth from 20,422 ckm. Its power transformation capacity rose to 84,286 MVA, compared to 54,661 MVA in the previous year.

• Delta Corp

Delta Corp, the online gaming company, reported a 3.5% increase in its net profit, reaching ₹35.7 crore for the third quarter ending December 31, 2024, compared to ₹34.5 crore in the same quarter of the previous year, as per a regulatory filing. However, the company’s revenue from operations declined by 7.5%, totalling ₹194.3 crore, down from ₹210.1 crore in the corresponding period last year.

• JSW Energy 

JSW Energy announced that it has been selected as the successful applicant for the resolution plan submitted for KSK Mahanadi Power Company Ltd (KMPCL) under the corporate insolvency resolution process (CIRP) of the Insolvency and Bankruptcy Code, 2016. The company received a letter of intent (LoI) from the resolution professional after the Committee of Creditors approved the resolution plan.

• United Spirits

United Spirits, the liquor company controlled by Diageo, announced a leadership change on January 13 as part of its CEO succession plan. Hina Nagarajan, who has served as Managing Director and CEO for four successful years, will step down on March 31, 2025, to assume a new position within the Diageo Group. The board has appointed Praveen Someshwar as CEO-Designate, effective March 1, 2025.

• Zee Media

Zee Media, a private news broadcaster, announced that its board of directors has approved a plan to raise up to ₹400 crore through various instruments, such as equity shares, convertible bonds, debentures, warrants, preference shares, or foreign currency convertible bonds (FCCBs).

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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