Stocks to Watch on January 14: ICICI Lombard, Tata Elxsi, Kotak Mahindra Bank Lead Focus

Investors reacted positively to several stocks on January 14, highlighted by Kotak Mahindra Bank, ICICI Lombard General Insurance, Tata Elxsi, Interarch Building Solutions, NLC India, and 5paisa Capital. Stocks have experienced increased activity due to their recent reports and orders before Q3 earnings season has begun for multiple companies. Among these companies are Infosys, HDFC Asset Management Company and Union Bank of India, who will be reporting their Q3 numbers today and will set the tone for the market. 
As all of these companies continue to report Q3 results, both ICICI Lombard General Insurance (profit fall of 9% to Rs 658.8 crore and a net premium earned increase of 12.7% from FY20 to Rs 5,685.3 crore) and Tata Elxsi (profit decline of 45.3% to Rs 108.9 crore with a revenue increase of 1.5%) have attracted investors' interest. 

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Quarterly Earnings Highlights

Company quarterly earnings data from Just Dial (profit fall of 10.2% to Rs 117.9 crore and revenue increase of 6.4% versus last quarter) and 5paisa Capital (profit dip of 24% to Rs 12.3 crore and revenue decrease of 7% from last quarter) continues to flow in. On January 15, the market also expects to receive earnings from Jio Financial Services, HDFC Life and L&T Technology Services.
Earnings reports can reflect the economic conditions and pressures in the various sectors, which will continue to influence where and how to invest over the next few weeks.

Key Orders and Corporate Updates

Interarch Building Solutions received a pre-engineered steel building systems order worth Rs 130 crore from NLC India. In partnership with the Gujarat government, NLC India entered into a Memorandum of Understanding (MoU) to pursue several different renewable projects (solar, wind, hybrid, and battery storage) with an estimated investment of Rs 25,000 crore.
As a new feature to its banking platform, Karnataka Bank has added the ability for customers to make Khajane-2 e-receipt payments via internet banking. Thomas Cook India signed a MoU with the Government of Gujarat to promote domestic tourism in Gujarat. On January 12th, Bhavneet Singh Chadha, the Chief Financial Officer of Responsive Industries, resigned for personal reasons.

Bulk Deals and Other Moves

The purchase of Gabion Technologies India occurred through the Vorton Opportunities Fund, which purchased 3.66% of the total shares for Rs 4.42 crore. Additionally, shareholders (other funds) purchased shares of Gabion Technologies India. 
The announcements of the SME listings for both Victory Electric Vehicles International and Yajur Fibres (which are typically smaller companies that will be going public) were made. The ex-dividend dates for stocks of Kotak Mahindra Bank and Ajmera Realty were also stated as well as the companies that are now subject to a futures and options ban (Sammaan Capital and SAIL).