Stocks to watch on January 16: GIFT Nifty was trading 54.5 points or 0.25 per cent lower at 22,089 on NSE IX, indicating that Dalal Street was headed for a negative start on Tuesday. Here are several stocks that will be in focus today for various reasons.

Q3FY24 Earnings: HDFC Bank, ICICI Lombard General Insurance Company, L&T Technology Services, Federal Bank, Gallant Ispat, Goa Carbon, Hathway Cable & Datacom, Himadri Specialty Chemical, ICICI Securities, Jindal Saw, Lotus Chocolates, Bank of Maharashtra, CE Info Systems, Credo Brands Marketing, Network18 Media & Investments, Newgen Software Technologies, and TV18 Broadcast.

HDFC bank: HDFC Bank, India’s largest private sector bank, may have a weak quarterly earnings performance in Q3FY24. According to analysts, HDFC Bank’s quarter-on-quarter (QoQ) net profit growth could range between -1.6 per cent and 1.3 per cent, compared to a profit of Rs 15,976.1 crore in Q2FY24.

Jyoti CNC: Jyoti CNC shares will hit the stock market today. The issue price is Rs 331.

Jio Financial Services: Mukesh Ambani family-owned Jio Financial Services on Monday reported a net profit of Rs 293.8 crore for the December quarter (Q3) on a consolidated basis, down 56 per cent from the second quarter due to a decline in income and rise in expenses. The total income of the company fell by 31.9 percent to Rs 414.33 crore.

Angel One: It reported 14 per cent year-on-year growth in third quarter revenue at Rs 260 crore, aided by a jump in orders and customer growth. The company’s daily orders grew by an average of 57.3 per cent in the December quarter, while customer acquisition increased by 149.1 per cent. Its average daily turnover increased by 148.5 percent to Rs 36 trillion.

Housing Finance Companies: The Reserve Bank of India has decided to align HFCs with the same regulatory regime on deposit acceptance that is currently applicable to deposit taking NBFCs. It proposes that all deposit taking HFCs be required to maintain liquid assets equal to 15 per cent of public deposits.

NALCO, Hindustan Copper: Khanij Bidesh India Limited (KABIL), a joint venture between NALCO, Hindustan Copper and Mineral Exploration Company, signed an agreement with Argentina-based CAMYEN SE for the first-ever lithium exploration and mining project.

Aster DM Healthcare: Aster will distribute most of the proceeds from the sale of its stake in the DM Healthcare Gulf business as a dividend of Rs 120 per share.

RVNL: Rail Vikas Nigam Limited has emerged as the lowest bidder for the Rs 251 crore power transmission project in Madhya Pradesh.

Patanjali Foods: In its December quarter business update, the company said edible oil prices in India remained stable despite downward pressure in the first half of the financial year.

Volumes grew single-digit sequentially as well as year-on-year during the quarter.

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