Indian stock markets are likely to get impacted today, as indicated by GIFT Nifty futures trading 61 points lower than Nifty50 futures at 23,137. Yesterday, the Sensex gained 566 points (0.75%) to close at 76,404.99, and Nifty50 rose 130 points (0.57%) to settle at 23,155.35. Here are the stocks to keep an eye on:

• Hindustan Unilever (HUL)

HUL reported a net profit of ₹3,001 crore, up from ₹2,519 crore year-on-year (YoY). Revenue stood at ₹15,195 crore compared to ₹14,930 crore YoY. EBITDA margin improved to 24.15% from 23.88% YoY. The company announced the demerger of its ice cream business, Kwality Wall’s, and signed an agreement to acquire a 90.5% stake in Minimalist for ₹2,955 crore.

• BPCL

BPCL posted a sharp rise in net profit to ₹4,640 crore from ₹2,400 crore quarter-on-quarter (QoQ), while revenue grew to ₹1.27 lakh crore from ₹1.18 lakh crore QoQ. EBITDA margin improved to 5.94%, up from 3.85% QoQ.

• Coforge

Coforge reported a net profit of ₹216 crore, up from ₹202 crore QoQ, with revenue rising to ₹3,320 crore. The company declared an interim dividend of ₹19 per share.

• Pidilite Industries

Pidilite Industries net profit rose to ₹552 crore from ₹510 crore YoY, while revenue increased to ₹3,369 crore from ₹3,130 crore YoY.

• Tata Communications

Tata Communications recorded a 424% YoY growth in net profit to ₹236 crore, with revenue increasing by 3.8% YoY to ₹5,798 crore.

• Paras Defence

Paras Defence signed an MoU with the Maharashtra government to establish an Optics Park with a ₹12,000 crore investment, expected to create 2,000 jobs by 2028.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

The share price of Persistent Systems, an IT company, fell by 6.71% on January 22, 2025, reaching an intraday low of ₹5,500. This decline comes ahead of the company’s Q3 FY25 results, which are set to be announced later today.

Strong Performance in Q2 FY25

In the previous quarter (Q2 FY25), Persistent Systems posted strong results. The company’s consolidated net profit grew by 23.4%, reaching ₹324.90 crore, up from ₹263.2 crore in Q2 FY24. Its revenue in US dollars stood at $345.5 million, marking a 5.3% increase from the previous quarter and an 18.4% rise year-on-year (Y-o-Y). In constant currency terms, the revenue increased by 5.1% compared to the previous quarter.

Persistent Systems also reported an earnings before interest and tax (EBIT) of ₹406.2 crore, up 5.8% quarter-on-quarter (Q-o-Q) and 28.8% Y-o-Y. The EBIT margin remained stable at 14%, with a slight increase of 30 basis points (bps) Y-o-Y.

Credit Rating Upgrade

Earlier this week, Persistent Systems announced that it had been given an [ICRA]AA+ (Stable) credit rating, reflecting its strong financial health and operational excellence.

About Persistent Systems

Persistent Systems is a global technology services company specialising in digital engineering and enterprise modernisation. It offers solutions in software engineering, cloud computing, IoT, customer experience (CX) transformation, and IT security. The company serves industries like banking, insurance, healthcare, life sciences, industrial sectors, telecom, and consumer technology, with a presence in regions such as India, the US, France, South Africa, and Japan.

As of 11:42 AM, Persistent Systems share price was down 7.05%, trading at ₹5,480.05, while the BSE Sensex was up 0.30%, at 76,067.41.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

JSW Group has signed an agreement with the Maharashtra government to invest ₹3,00,000 crore in Gadchiroli district, an area affected by Naxal insurgency. This deal is part of a series of 20 agreements signed by the state during the World Economic Forum (WEF) meeting in Davos, Switzerland, with a total investment value of ₹5,00,000 crore.

Key Sectors Covered

The MoU includes investments in crucial sectors like steel, renewable energy, infrastructure, cement, lithium-ion batteries, and solar power technologies. These investments aim to establish Gadchiroli as a leading industrial hub, supporting Maharashtra’s goal of becoming an economic powerhouse.

Focus on Industrial Growth

Chief Minister Devendra Fadnavis, who led the state’s delegation in Davos, emphasised that these investments would contribute to Maharashtra’s industrial growth and sustainable development. Fadnavis envisions transforming Gadchiroli into a major steel city, with the government promoting the steel and mining industries in the region.

Government Support for Investment

To facilitate this investment, the Maharashtra government will speed up clearances and provide necessary fiscal incentives. They will also ensure access to land, water, power, and infrastructure to support industrial development, as per the state’s industrial policy.

Other Notable MoUs Signed

Besides JSW Group, several other companies signed MoUs with the Maharashtra government, including:

• AB InBev (₹750 crore for a plant in Chhatrapati Sambhajinagar)
• Waaree Energies (₹30,000 crore for a plant in Nagpur)
• Blackstone-Panchshil Realty (₹25,000 crore)
• Reliance Infrastructure (₹16,500 crore)
• Essar Group (₹8,000 crore)
• Bisleri International (₹250 crore), among others.

This partnership is expected to foster job creation, innovation, and long-term prosperity in Maharashtra.

About JSW Group

JSW Group is an Indian multinational conglomerate headquartered in Mumbai. Founded by Om Prakash Jindal and led by Sajjan Jindal, the group operates in various industries, including steel, energy, infrastructure, cement, automotive, and paints. It has a presence in India, the United States, South America, and Africa. Some of its subsidiaries are JSW Steel, JSW Energy, JSW Gecko Motors, Mytrah Energy, and JSW Cement. The company was founded in 1982.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

UCO Bank reported a 27.04% year-on-year (Y-o-Y) increase in net profit, reaching ₹639 crore in Q3FY25, driven by better margins and higher non-interest income.

Higher Net Interest Income and Margins

Net Interest Income (NII), the difference between interest earned and spent, grew 19.62% Y-o-Y to ₹2,378 crore, compared to ₹1,988 crore in Q3FY24. The Net Interest Margin (NIM) improved to 3.17% in Q3FY25, up from 2.84% in the same period last year.

Rise in Non-Interest Income

Non-interest income, which includes fees and treasury revenue, increased to ₹1,185.9 crore in Q3FY25, up from ₹860.8 crore in Q3FY24.

Increase in NPA Provisions

Provisions for non-performing assets (NPAs) more than doubled Y-o-Y to ₹263.3 crore from ₹116.3 crore, mainly due to ageing provisions for older bad loans.

Improved Asset Quality

The gross NPA ratio declined to 2.91% in December 2024 from 3.85% in December 2023, while net NPAs dropped to 0.63% from 0.98%. The Provision Coverage Ratio (PCR) rose to 96.16% in December 2024, an improvement of 95 basis points from December 2023.

Growth in Advances and Deposits

The bank’s advances grew by 16.44% Y-o-Y to ₹2.08 trillion, with retail advances rising 31.01% Y-o-Y to ₹50,055 crore. Total deposits increased by 9.36% Y-o-Y to ₹2.80 trillion, with CASA deposits contributing 37.9%, up slightly from 37.6% a year ago.

Capital Adequacy and Fundraising Plans

UCO Bank’s capital adequacy ratio stood at 16.25%, with a CET-1 ratio of 13.81% as of December 2024. The bank plans to raise ₹2,000 crore in equity capital in Q4FY25 through a Qualified Institutional Placement (QIP). This move will reduce the Government of India’s stake from 95.39% to around 92%.

Outlook for Growth

The bank aims to achieve 12–14% Y-o-Y growth in advances and 8–10% growth in deposits by the end of FY25.

About UCO Bank

UCO Bank, previously known as United Commercial Bank, is a government-owned public sector bank based in Kolkata, India. It is a medium-sized bank and was ranked 1948 on the Forbes Global 2000 list in 2018 and 80th on the Fortune India 500 list in 2020.

UCO Bank share price is currently priced at ₹43.05, down by ₹1.04 (2.36%) as of 10:59 AM on January 22, 2025. The stock opened at ₹44.11, reached a high of ₹44.14, and a low of ₹42.63. The market capitalisation stands at ₹51.47K crore, with a P/E ratio of 23.56 and a dividend yield of 0.65%. The stock’s 52-week high is ₹70.65, and the 52-week low is ₹38.01.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Since 2019, Hyundai Motor India Ltd (HMIL) has saved around ₹5,700 crore in foreign exchange by manufacturing or sourcing over 1,200 components locally, including battery packs for electric vehicles (EVs).

Aatmanirbhar Bharat and Localisation Success

Hyundai has aligned with the government’s Aatmanirbhar Bharat initiative, achieving 92% localisation in India. Gopalakrishnan Chathapuram Sivaramakrishnan, HMIL’s whole-time director and chief manufacturing officer, highlighted these efforts at the Bharat Mobility Global Expo 2025 in Delhi.

Strengthening Local Supply Chains

HMIL is enhancing its local supplier network through an indigenisation strategy for its upcoming manufacturing plant in Talegaon, Maharashtra, set to begin operations by Q4 2025.

EV Milestone: Local Battery Assembly

HMIL’s Chennai facility, in collaboration with Mobis India, has begun local assembly of EV battery packs. With an initial capacity of 75,000 battery packs annually, this plant supports various battery types like NMC and LFP. It ensures cost optimisation and a steady supply of batteries for Hyundai’s Indian-made EVs, including the Hyundai CRETA Electric, the company’s first India-made EV with locally assembled batteries.

Localisation of Advanced Components

Hyundai has localised key components such as alternators, alloy wheels, disc brakes, and catalytic converters. Advanced parts, like tire pressure monitoring systems, panoramic sunroofs, and reverse parking assist sensors, have also been successfully manufactured in India for the first time.

Employment Generation

These localisation efforts have created direct employment for over 1,400 people, showcasing Hyundai’s commitment to India’s rich resources, skilled workforce, and advanced engineering capabilities.

Forex Savings in Numbers

Hyundai’s localisation initiatives have led to forex savings of $672 million (₹5,678 crore), underlining the company’s dedication to India’s economic and industrial growth.

About Hyundai Motor India Limited

Hyundai Motor India Limited, established in May 1996, is part of the Hyundai Motor Group, the world’s third-largest carmaker by passenger vehicle sales.

Hyundai Motor India share price is trading at ₹1,704.95, down by ₹40.60 (2.33%) as of 10:39 AM IST on January 22. The stock opened at ₹1,759.00, reached a high of ₹1,759.00, and a low of ₹1,704.00 during the session. The company’s market capitalisation stands at ₹1.38 lakh crore, with a 52-week high of ₹1,970.00 and a 52-week low of ₹1,688.50.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Jio Financial Services Ltd (JFSL) and its US-based joint venture partner, BlackRock, have invested ₹117 crore in their mutual fund company, Jio BlackRock Asset Management Private Limited. Each partner subscribed to 5.85 crore equity shares at ₹10 each, resulting in the total investment.

SEBI Approval for Mutual Fund Operations

Jio BlackRock Asset Management has submitted an application to SEBI, seeking approval to commence mutual fund operations.

Initial Investments and New Subsidiary Launch

JFSL and BlackRock had earlier invested ₹82.5 crore each in the joint venture. Additionally, Jio BlackRock Investment Advisers Private Limited, a subsidiary of the joint venture, has established a new entity, Jio BlackRock Broking Private Limited, on January 20, 2025. The new subsidiary aims to enter the broking business, which is pending regulatory approvals.

Flat Q3 Profit and Rising Income

During Q3 FY25, JFSL’s consolidated net profit stood at ₹295 crore, marginally up from ₹294 crore in the same quarter last year. Total income rose to ₹449 crore, compared to ₹414 crore in Q3 FY24, while expenses increased to ₹131 crore from ₹99 crore a year ago.

This development highlights JFSL’s strategic expansion into the asset management and broking sectors, paving the way for growth in financial services.

About Jio Financial Services Ltd

Jio Financial Services Ltd is registered with the Reserve Bank of India (RBI) as a Non-Banking Financial Company-Non-Deposit Taking-Systemically Important (NBFC-ND-SI). The company serves as a holding entity for its financial services operations, which are managed through its subsidiaries, including Jio Finance Limited (JFL), Jio Insurance Broking Limited (JIBL), and Jio Payment Solutions Limited (JPSL). It also operates a joint venture, Jio Payments Bank Limited (JPBL).

Jio Financial Services share price is trading at ₹260.80, up by ₹0.70 (0.27%) as of 10:05 AM IST on January 22. The stock opened at ₹261.70 and has so far reached a high of ₹263.60 and a low of ₹257.75 during the session. The company’s market capitalisation stands at ₹1.65 lakh crore, with a P/E ratio of 102.80. It has a 52-week high of ₹394.70 and a 52-week low of ₹237.10.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.