Stocks to Watch on January 20: LTIMindtree, Ceat Report Earnings

On January 20, LTIMindtree, Ceat, Aditya Birla Fashion, Aditya Birla Lifestyle Brands, UPL, HPCL, Amber Enterprises, and Sanghvi Movers attracted attention due to their quarterly results and the completion of other agreements. ITC Hotels, Persistent Systems, SRF, and United Spirits reported quarterly earnings today as well. The consolidated profit for LTIMindtree decreased 11.7% to ₹959.6 crore despite a 11.6% increase in revenue to ₹10,781 crore, resulting from writing off regulatory expenses associated with the introduction of new labour codes. 
The consolidated profit for Tata Capital increased by 20.4% to ₹1,264.7 crore. 

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Earnings Highlights

Havells consolidated profit increased by 8% to ₹300.8 crore, with total consolidated revenue increasing by 14.3% to ₹5,587.9 crore. Ceat's profit increased by 60.4% to ₹155.8 crore, while the total sales revenue from all three segments surged to ₹4,157 crore (26%).
Oberoi Realty's consolidated profit increased by 0.7% to ₹622.6 crore. Bansal Wire's profit rose by 3.8% to ₹43.3 crore while total revenue increased by 11.3% to ₹1,029 crore. Sai Silks Kalamandir's profit decreased by 17.1% to ₹38.1 crore.

Corporate Developments

Aditya Birla Fashion and Retail has announced a stake sale of up to 3% via a block deal valued at $32 million, with a floor price of ₹65.78. Similarly, Aditya Birla Lifestyle Brands has also declared a 3% stake sale worth $43 million via block sale with a floor price of ₹106.4. UPL's subsidiary, Advanta Enterprises, has filed its IPO prospectus for a total of 3.61 crore shares for sale, with UPL offering 2.81 crore shares.
Deepak Rastogi has been appointed as Chief Financial Officer (CFO) of Ola Electric, effective January 20, following the departure of Harish Abichandani. Hindustan Petroleum Corporation Limited (HPCL) has signed a 10-year LNG supply agreement with Abu Dhabi Gas Liquefaction Company (ADGAS) for supply to the Chhara terminal.

Orders, Appointments, and Deals

Ampersand has been allocated 100 acres by the Yamuna Expressway Industrial Development Authority (YEIDA) for the future development of a facility near Jewar Airport; Ascent-K Circuit has been allocated 16 acres for the same project, for a total investment of ₹6,785 crores. Sanghvi Movers Botswana secured a $4.3 million contract with Jindal Energy Botswana.
Archean Chemical has appointed Rampraveen Swaminathan as Managing Director for 5 years, effective January 22. Deepak Nitrite, through its subsidiary Deepak Chem Tech Ltd, has set up the Dahej Nitration Plant at a cost of ₹85 crores. Monu Ratra has resigned as Chief Executive Officer of Capri Global, effective January 19.
Malabar Gold and Diamonds has sold its 0.79% stake in Tribhovandas Bhimji Zaveri for ₹8.75 crore. Unicorn Fund has reduced its holding of 0.52% in Union Bank by selling part of its stake to PESB Alpha Fund, which purchased 0.73% of Gabion Technologies.
Bank of Maharashtra and NLC India trade ex-dividend. F&O ban covers Sammaan Capital and SAIL.