Today's Stock Watchlist: Happiest Minds, IndiGo, SpiceJet, NHPC, Asian Paints and more
Sensex plummeted 1629 points to close at 71,500, while Nifty dropped 460 points to 21,571 on Wednesday. Today's focus is on the earnings reports of companies like IndusInd Bank, 360 ONE WAM, Finolex Industries, Home First Finance Company India, IndiaMART InterMESH, Innova Captab, Jindal Stainless, Mastek, Metro Brands, Polycab India, Poonawalla Fincorp, Ramkrishna Forgings, Shoppers Stop, South Indian Bank, Supreme Petrochem, Sterling and Wilson Renewable Energy, and Tata Communications.
LTIMindtree
The technology consulting and digital solutions company recorded a 0.6% QoQ increase in net profit at 
1,169.3 crore for the quarter ended December FY24. Revenue from operations increased 1.2% QoQ to 9,016.6 crore in Q3.
1,169.3 crore for the quarter ended December FY24. Revenue from operations increased 1.2% QoQ to 9,016.6 crore in Q3.
Happiest Minds Technologies
The IT services company reported a 3.5% increase in year-on-year net profit and a 2% increase in sequential growth, reaching Rs 59.6 crore for the October-December quarter of FY24. The revenue from operations also saw a rise of 11.7% year-on-year and 0.8% quarter-on-quarter, amounting to Rs 409.9 crore during the said quarter.
Alok Industries
The textile company has reported a consolidated net loss of 229.2 crore for the quarter ending December FY24, which is lower than the loss of 249.83 crore reported in the same quarter of the previous year. Additionally, revenue from operations has declined by 27 percent YoY to 1,253 crore in Q3FY24.
229.2 crore for the quarter ending December FY24, which is lower than the loss of 249.83 crore reported in the same quarter of the previous year. Additionally, revenue from operations has declined by 27 percent YoY to 1,253 crore in Q3FY24.
Som Distilleries and Breweries
The alcoholic beverage manufacturer has reported a 71 percent year-on-year growth in consolidated profit at Rs 18 crore in Q3 backed by strong topline and operating performance. Revenue from operations (excluding excise duty) in the December quarter rose 79.3 percent YoY to Rs 266.3 crore.
Nazara Technologies
The gaming and sports media platform announced that it has received board approval for preferential allotment of equity shares to raise up to Rs 250 crore.
Persistent Systems
The IT services company based in Pune has announced that its board will consider a proposal to change the share capital of the company on January 19-20. This will be done by subdividing/splitting the existing equity shares, which currently have a face value of Rs 10 each.
NHPC
The government said it would sell a 3.5 percent stake in power producer NHPC at a floor price of Rs 66 a share, which will garner Rs 2,300 crore to the exchequer. "Offer for sale in NHPC opens tomorrow for non-retail investors. Retail investors can bid on Friday. The government will sell 3.5 percent equity, including Greenshoe option of 1 percent", the Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey said on X.
SpiceJet, IndiGo Airlines
The Directorate General of Civil Aviation (DGCA) has fined SpiceJet and Air India Rs 30 lakh each, while the Bureau of Civil Aviation Security (BCAS) has imposed a penalty of Rs 1.2 crore on IndiGo Airlines.
Asian Paints
The paint manufacturer recorded a 35% YoY increase in consolidated net profit during Q3 to Rs 1,448 crore. Consolidated revenue from operations increased 5.4% YoY to Rs 9,103 crore but fell short of estimates of Rs 9,356 crore.
