Paytm, Swiggy, ITC, Vedanta and More: Stocks to Watch on January 30

Today’s trading activity is heavily influenced by Indian market participants who are focused on quarterly results and business restructuring. For instance, Paytm reported a profit of ₹225 crores in Q3 (vs a loss of ₹225 crores last quarter), and Swiggy reported revenues of ₹6148 crores, which is double from the prior year but will continue to be unprofitable as well. ITC had a quarter of stable profits with ₹4931.2 crores in net income on ₹21706.6 crores in revenue; ITC declared dividends of ₹6.50 to its stockholders this quarter as well. 

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

Vedanta’s profits in Q3 increased significantly to ₹5710 from a total revenue of ₹23369; while Dixon Technologies had a profit of ₹287.3 million this quarter due to other income of ₹131 million. These earnings results by these companies are having an impact on the current state of the markets at the time of writing.

Key Q3 Earnings Snapshot

Sector views vary widely according to how companies performed during the past quarter. While MTAR Technologies reported a net profit of ₹34.70 crore on revenue of ₹278 crore, Syrma SGS Technology reported a significantly higher net profit of ₹102.80 crore because its revenues were higher at ₹1,264.20 crore. In comparison, Great Eastern Shipping had total revenues of ₹812.50 crore and a larger net profit than both companies combined, which is very good news for investors in this company.

NTPC Green Energy had a significant decrease in its net profit; however, it was able to increase its revenues to ₹653.30 crore. Voltas's net profit also decreased to ₹85 crore, while Tata Motors' Commercial Vehicles generated a net profit of nothing, but could still generate total sales revenue amounting to more than ₹700 crore. 

Other companies that were able to see an increase in their earnings last week included Nippon Life India Asset Management (net profit of ₹403.90 crore), Bajaj Auto, Nestle India, and NTPC, which will release their earnings today. In addition to quarterly earnings, there have been multiple corporate transactions/agreements between companies resulting in bulk activity.

Corporate Deals and Bulk Activity

As reported previously, Hindustan Aeronautics has entered into contracts valued at greater than ₹1,800 crore with Pawan Hans, including 10 Dhruv NG helicopters and spare parts. Atlanta Electricals has received contracts totalling ₹146 crore and ₹142 crore from Karnataka Power and Datta Power Infra for various projects funded through NTPC.

Hindustan Petroleum inked an MoU with Oil India for a compressed bio-gas plant using HP RAMP technology. Bulk deals featured Morgan Stanley buying into Sunteck Realty and Manappuram Finance from Goldman Sachs and CLSA. Sixteenth Street Asian Gems Fund trimmed Balu Forge stake.

Ex-dividend trading hits CG Power, Godrej Consumer, and Motilal Oswal. Rights issues and buybacks affect Arunis Abode and Matrimony.com. JB Chemicals CFO Narayan Saraf resigned effective today for personal reasons. Shayona Engineering is listed on the SME platform.