MCX Share Price: The domestic equity market is expected to open with mild gains on January 21, 2025. At 7:40 AM, the GIFT Nifty futures were trading at 23,416 levels, down by 68 points or 0.29%, indicating a likely 15-point higher opening for the Nifty 50 index.
L&T Finance Holdings
L&T Finance reported a 41% jump in net profit for the December quarter, reaching ₹640 crore, driven by robust retail loan sales. The net interest income grew by 8% to ₹1,833 crore. This significant performance highlights strong operational efficiency.
Dixon Technologies
Dixon Technologies posted an impressive 124% growth in net profit to ₹217 crore for Q3 FY25, compared to ₹97 crore in the same period last year. Revenue from operations surged by 117%, reaching ₹10,461 crore.
IDBI Bank
IDBI Bank recorded a 31% increase in net profit to ₹1,908 crore in Q3 FY25, supported by reduced provisioning and better interest income. The total income rose to ₹8,565 crore, while net interest income improved by 23% to ₹4,228 crore.
Zomato
Zomato, the food delivery giant, reported a 57.2% decline in net profit to ₹59 crore for Q3 FY25, despite a rise in consolidated revenue to ₹5,405 crore. However, increased expenses impacted profitability.
Central Bank of India
The state-owned bank posted a 33% rise in net profit to ₹959 crore for Q3 FY25, supported by an increase in total income to ₹9,739 crore. This marks strong growth for the quarter.
Earnings to Watch Today
A total of 32 companies are set to declare their financial results for Q3 FY25. Key names include:
- Cyient DLM
- Aditya Birla Real Estate
- Dalmia Bharat
- Tata Technologies
- ICICI Prudential Life Insurance Company
Market Updates
- Sensex: Rose by 90 points, reaching 77,073.
- Nifty50: Gained 141 points, closing at 23,344.
Key gainers include Apollo Hospitals, UltraTech Cement, and Hindalco, while ONGC and SBI Life Insurance saw declines.
Stocks in News
- Tata Technologies: Focused on its Q3 results and recent operational developments.
- MCX: Reported a net profit of ₹160 crore for Q3 FY25, marking a strong comeback.
- Waaree Renewable Technologies: Secured an order worth ₹277.20 crore for a solar project.
- Vedanta: Fitch Ratings upgraded its parent company Vedanta Resources due to reduced refinancing risks.
Investment Note
While the market shows positive momentum, investors are advised to track quarterly results and global trends closely. Companies like L&T Finance and Dixon Technologies offer promising growth potential, while sectors like renewable energy and technology remain in focus.
Disclaimer: The information provided is for informational purposes only. Consult with a qualified financial advisor before making investment decisions.