Stocks To Watch On January 25: Tata Steel, Zee, RailTel, Tech Mahindra, IOC & Others

Stocks To Watch Today: On January 25, the Sensex and Nifty benchmarks are expected to commence trading with a decline, as suggested by the GIFT Nifty trends, indicating a negative start for the broader index with a loss of 22.50 points.

At the end of Wednesday’s trading session, the Sensex showed a gain of 689.76 points, or 0.98 percent, reaching 71,060, while the Nifty recorded an increase of 215.15 points, or 1.01 percent, closing at 21,454.

Here’s a slew of stocks that will be in focus on January 25 for various reasons;

• Tata Steel: In the quarter ending December of fiscal year 2024, the Tata Group company achieved a consolidated net profit of Rs 522.1 crore. This marks a significant turnaround from the Rs 2,502 crore loss reported in the same period of the previous year, attributed to robust operating figures and a decline in input costs.
• Zee Entertainment Enterprises: The media and entertainment company responded to Culver Max and Bangla Entertainment (BEPL) by refuting any violation of its obligations outlined in the Merger Cooperation Agreement (MCA). It reiterated its commitment to fulfilling all obligations in good faith. ZEE also stated that the demand for a termination fee of $90 million is legally indefensible and lacks any substantive basis.
• Tech Mahindra: The company providing digital transformation, consulting, and business re-engineering services has reported a 3.3 percent increase in net profit sequentially, reaching Rs 510.4 crore for the October–December period of fiscal year 2024.
• Indian Oil Corporation (IOC): The company witnessed a substantial surge in its third-quarter net profit compared to the corresponding period of the previous year. According to a stock exchange filing, the standalone net profit for the December 2023-24 quarter stood at Rs 8,063.39 crore, surpassing the Rs 448.01 crore profit reported in the same period a year ago but falling short of the Rs 12,967.32 crore recorded in the preceding three months ending September 30, 2023.
• Bajaj Auto: The major player in the two-and-three-wheeler industry has achieved a remarkable 37 percent year-on-year growth in standalone net profit, reaching Rs 2,042 crore for the quarter ending December in fiscal year 2024. The quarterly EBITDA reached its peak at Rs 2,430 crore, marking a 37 percent YoY increase, with a margin improvement of 100 basis points YoY to 20.1 percent.
• Coal India: The Government has approved the establishment of a coal-to-SNG (synthetic natural gas) project, facilitated by a joint venture between Coal India and GAIL. Additionally, approval was given for a coal-to-ammonium nitrate project, to be undertaken as a venture between Coal India and BHEL. As part of the initiative to reach the goal of 100 million tonnes of coal gasification by 2030, Coal India will be responsible for setting up two coal gasification plants.
• TVS Motor Company: The company has achieved a substantial 68 percent year-on-year increase in net profit, reaching Rs 593 crore for the quarter ending December in fiscal year 2024. Concurrently, there was a 26 percent year-on-year growth in revenue from operations, totaling Rs 8,245 crore. The EBITDA for the period grew by 40 percent year over year, reaching Rs 924 crore, accompanied by a margin expansion of 110 basis points year on year, reaching 11.2 percent for the quarter.
• RailTel Corporation of India: The government-owned enterprise has achieved a remarkable 94.5 percent year-on-year increase in net profit, reaching Rs 62.1 crore for the quarter ending December in the fiscal year 2024. This growth is attributed to robust figures in both topline and operating aspects.