Stocks in Focus: TCS, Infosys, Spicejet, Nuvama Wealth, Polycab, Kalyani Steels
Following are the top ten stocks that are likely to be in focus:
Tata Consultancy Services: Tata Consultancy Services (TCS) is anticipated to report a sluggish growth in both revenue and profit after tax for Q3 of the current financial year. This is primarily due to the existing weakness in discretionary spending across key markets in the West. In the previous quarter, the company recorded a revenue of 
59,692 crore and a consolidated net profit of 11,342 crore.
59,692 crore and a consolidated net profit of 11,342 crore.
Infosys: The second-largest IT services company is scheduled to announce its earnings for the quarter ended December this Thursday. The company is expected to report a net profit of Rs 6,172 crore, which is down by 0.64% from Rs 6,212 crore in the September quarter.
SpiceJet: SpiceJet intends to raise funds amounting to Rs 2,250 crore by issuing shares and warrants to reduce its liabilities. The Chairman and Managing Director of the airline, Ajay Singh, also stated that the company has exclusive rights under the government's regional connectivity scheme, and will soon launch its air services to Lakshadweep and Ayodhya.
Nuvama Wealth Management: The company's asset management arm and Cushman & Wakefield, a global commercial real estate services firm, have announced the formation of a new joint venture entity that aims to raise Rs 3,000 crore to invest in prime offices across India’s high-growth markets.
Bank of India: The lender's total business rose 9.9% globally to Rs 12.76 lakh crore, compared to Rs 11.61 lakh crore in the same period last year. Total deposits increased 8.66% to Rs 7.10 lakh crore. In the domestic market, total deposits increased by 7.62%, to Rs 5.99 lakh crore.
Kalyani Steels: The company has announced that it has successfully bid for the acquisition of assets of Kamineni Steel and Power India, which are currently under liquidation. The acquisition of these assets will require a cash consideration of 450 crore, which needs to be paid on or before 7th April. To participate in the e-auction held on January 5th for the sale of these assets, the company had already paid 23 crores as an earnest money deposit.
450 crore, which needs to be paid on or before 7th April. To participate in the e-auction held on January 5th for the sale of these assets, the company had already paid 23 crores as an earnest money deposit.
Polycab India: The Income Tax department has detected "unaccounted cash sales" of about Rs 1,000 crore after it recently raided Polycab group, reported. Unaccounted cash of more than Rs 4 crore was seized and more than 25 bank lockers were put on restraint after the searches were launched against the group on December 22.
Mahindra & Mahindra: The company plans to list its Sustainable Energy Infra Trust, which comprises renewable energy assets, early next week. The subscription process is complete, and the Asian Infrastructure Investment Bank (AIIB) is a key investor.
Axiscades Technologies: The board of directors of the company is scheduled to convene on 15th January to evaluate and authorize the fixation of the issue price for shares allotted to qualified institutional buyers to raise an amount of up to Rs 500 crore. The floor price for the issue has been set at Rs 696.70, which is a 9.9% discount to the market price.
Phoenix Mills: The company reported a 30% YoY increase in gross retail collections to Rs 700 crore for the December quarter. Additionally, its total consumption rose by 24% YoY to Rs 3,287 crore.
