Stocks to Watch on January 28: Shadowfax Listing, RVNL Order Win

On January 28th, Shadowfax Technologies is set to be listed on the main board, while a number of companies, such as Rail Vikas Nigam Ltd., Titagarh Rail Systems Ltd., Hindustan Zinc Ltd., and Marico Ltd., are attracting investor interest. Investments will stem from earnings from Larsen & Toubro Ltd., Maruti Suzuki India Ltd., Bharat Electronics Ltd. and many others. 

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The following companies will announce their third-quarter earnings: Marico, Vodafone Idea Ltd, RPG Life Sciences Ltd, Sunteck Realty Ltd, Bikaji Foods, and Ramkrishna Forgings Ltd.
Q3 Earnings Highlights

Marico reported an increase in profits by 13.3% to ₹460 crore year over year, with an increase in revenues by 26.6% to ₹3,537 crore.

Vodafone Idea Ltd. reported a decrease in its losses by ₹5,286 crore from ₹6,609 crore. ARPU increased from ₹150 to ₹186. Vishal Mega Mart reported a 19.1% increase in its profit to ₹312.9 crore.

Gopal Snacks reported an increase of 191.2% in its profit to ₹15.5 crore. Mahindra Logistics Ltd reported a swing from a loss to a profit of ₹3.25 crore.

PC Jeweller reported profit growth of 28.5% to ₹190.1 crore. Metro Brands reported profit growth of 35.7% to ₹128.4 crore.

Sunteck Realty reported profit growth of 36.9% to ₹58.2 crore.

Key Deals and Updates

Rail Vikas Nigam emerged as the most competitive bidder at ₹242.5 crore for South Central Railway's OHE Upgradation project.

Vedanta has approved the divestment of up to 6.7 crore shares of Hindustan Zinc via the Offer for Sale (OFS) process, with the floor price of ₹685, from January 28-29. 

Titagarh Rail has collaborated with ABB to manufacture Metrorail propulsion systems under the Make In India initiative through technological technology transfer.

Infosys has entered into a strategic partnership with Cursor to establish an Artificial Intelligence (AI) Centre of Excellence (CoE) for enterprise-level software agents.

ONGC’s joint ventures (JV) have entered into shipbuilding contracts with Samsung Heavy Industries for two Very Large Ethane Carriers (VLECs).

The Life Insurance Corporation (LIC) subscribed to ₹5,120 crore of Bajaj Finance debentures.

Deals, Listings, Ex-Dates

Goldman Sachs entities purchased shares of Axis Bank and Reliance Industries via Morgan Stanley and also exchanged shares of Vedanta.

Miri Strategic has acquired a stake in Antony Waste Handling Cell. In addition, Plutus Wealth has continued to sell RateGain Travel Technologies shares.

Shadowfax Technologies had a Main Board IPO listing and Digilogic Systems had an SME listing.

KEI Industries, KP Energy, KPI Green Energy and Wendt India had ex-dividend status. Travel & Rentals were ex-rights.