Stocks to watch today: Benchmark indices Sensex and Nifty declined for the third consecutive day on Thursday, mainly driven by continued selling in HDFC Bank and profit-booking in consumer durables and utility stocks.

The 30-share BSE Sensex closed at 71,186.86, down 313.90 points or 0.44 per cent. Throughout the day, it witnessed a significant decline of 835.26 points or 1.16 percent and reached 70,665.50.

Nifty recorded a decline of 109.70 points or 0.51 percent and closed at 21,462.25. On that day, it saw a huge fall of 286.4 points or 1.32 percent and reached 21,285.55.

As per GIFT Nifty trends, the index is expected to open flat on January 19, indicating a subdued start for the broader index with a gain of 7 points.

Here are several stocks that will be in focus on January 19 for various reasons;

Reliance Industries: Mukesh Ambani-owned Reliance Industries Ltd’s Q3FY24 quarterly results will be announced on Friday, January 19.

Paytm: One97 Communications, parent company of fintech firm Paytm, is projected to post strong revenue growth along with narrowing in net loss during the third quarter of FY2024.

Tata Consultancy Services: The ex-dividend date for shares of the IT company is scheduled to start from January 19. On January 11, the company declared an interim dividend of Rs 9 per share as well as a special dividend of Rs 18 per share for the current financial year.

Wipro: The IT services firm has entered into a definitive agreement to acquire 14 per cent equity stake in Huoban Energy 11 for Rs 3.17 crore. This arrangement will enable Wipro to increase the percentage of renewable energy use for its offices in Maharashtra.

state Bank of India: On Thursday, State Bank of India raised Rs 5,000 crore by issuing 10-year AT-1 bonds.

rec: Ministry of New and Renewable Energy (MNRE), Government of India, has appointed REC as the primary agency to implement the Rooftop Solar (RTS) programme. MNRE is entrusted with the implementation of the program or scheme formulated by it as well as coordinating with stakeholders across the country.

HCLTech: Shares of the IT major will become ex-dividend on January 19. On January 12, the company declared an interim dividend of Rs 12 per share for financial year 2024, and the record date for payment of this interim dividend is scheduled for January 20.

NHPC: The Company has opted to exercise the oversubscription option by an additional 10,04,50,348 equity shares (equivalent to 1 per cent stake), in conjunction with the base offer size of 25,11,25,870 equity shares (representing 2.50 per cent) . Paid-up equity) on January 19. As a result, the total offer size will now be 35,15,76,218 equity shares, which is 3.50 per cent of the company.

Power Finance Corporation: The Corporation set up two special purpose vehicles for development of transmission projects in Gujarat and Rajasthan.

Indian Bank:The public sector bank has received approval from the Reserve Bank of India to set up a new wholly owned subsidiary focused on operational support.

Bandhan Bank: RBI has approved the appointment of Rajinder Kumar Babbar as whole-time director (officially named as executive director) of Bandhan Bank for a tenure of three years.

Poonawala Fincorp:The non-banking finance firm has reported 76.3 per cent year-on-year growth in net profit, reaching Rs 265.1 crore for the October-December period of fiscal 2024.

hip:The pharmaceutical company has received approval from the United States Food and Drug Administration (US FDA) for its Abbreviated New Drug Application, allowing it to launch Febuxostat tablets in the US.

IndusInd Bank:The private sector bank has reported earnings slightly above expectations for the quarter ended December FY24. Standalone net profit rose 17.3 per cent year-on-year to Rs 2,297.9 crore and net interest income rose 17.8 per cent to Rs 5,295.6 crore.

Hindustan Unilever:The FMCG giant has finalized the transaction documents to acquire 27.73 per cent stake in special purpose vehicle (SPV) Transition Sustainable Energy Services One.

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