Stocks to Watch on Jan 13, 2025: TCS, HCLTech, Ola Electric & More in Focus

The Indian stock market is likely to open slightly higher on Tuesday, tracking mixed cues from global markets.

Tata Consultancy Services

Tata Consultancy Services (TCS) on Monday reported a year-on-year decline of 14% in its consolidated net profit for the December quarter. The company’s profit fell to ₹10,657 crore compared with ₹12,380 crore recorded in the corresponding quarter last year, reflecting pressure on margins amid a challenging demand environment.

HCL Technologies

HCL Technologies posted an 11% year-on-year fall in consolidated net profit for the December quarter. The IT major reported earnings of ₹4,076 crore, down from ₹4,591 crore in the same period last year, indicating softer performance during the quarter.

Ola Electric

Ola Electric announced that it has started rolling out its first battery energy storage system, branded “Shakti”. The rollout has begun from its manufacturing facility located in Krishnagiri, Tamil Nadu, marking a key step in the company’s expansion into energy storage solutions.

Larsen & Toubro

Engineering and construction major Larsen & Toubro (L&T) said it will acquire the remaining 40% stake in L&T Sapura Shipping Private Limited (LTSSPL). The stake will be purchased from Sapura Nautical Power Pte Ltd for ₹122.4 crore, following which LTSSPL will become a wholly owned subsidiary of Larsen & Toubro.

Biocon

Biocon has launched a qualified institutional placement (QIP) to raise up to ₹4,150 crore. The company has set an indicative issue price of ₹368.35 per share, which represents a discount of about 5% to the prevailing market price. The fundraise is aimed at supporting Biocon’s growth and expansion plans.

Anand Rathi Wealth

Anand Rathi Wealth reported financial performance for the quarter, posting a 29% year-on-year increase in net profit to ₹99.7 crore. Revenue rose 22% to ₹289.6 crore, while EBITDA increased 22.6% to ₹131.8 crore. The company maintained stable EBITDA margins at 45.5%, reflecting operational efficiency.

KPI Green Energy

KPI Green Energy has signed an agreement with the Gujarat government to develop renewable energy projects worth ₹4,000 crore. The move underlines the company’s focus on expanding its presence in large-scale sustainable and clean energy infrastructure.

NLC India

NLC India said its board has approved the listing of its renewable energy arm, NLC India Renewables. The proposed listing will involve a 25% stake dilution along with an investment of ₹66.7 crore. Additionally, NLC India announced an interim dividend of ₹3.6 per share and fixed January 16 as the record date for the payout.

Also Read: Wipro vs Infosys: Which IT Services Company Delivered Highest Earnings in Q2FY26?

Conclusion

The Indian equity market is set to begin the week on a positive note, supported by mixed cues from global markets.

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.

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