Stocks To Watch Today on January 28, 2025: Coal India, Kaynes Technology, IGL & More in Focus
On January 28, 2025, the Indian benchmark indices Sensex and Nifty 50 are expected to see a cautious opening, following weak global market performance. Check out a few stocks that might be in focus during the trading session.
Indraprastha Gas posted a Q3 net profit of ₹28.6 crore, dropping from ₹43 crore in the previous quarter but exceeding estimates of ₹18.3 crore. Revenue increased to ₹415 crore from ₹409 crore Q-o-Q.
Kaynes Technology achieved a Q3 net profit of ₹6.65 crore, increasing from ₹4.52 crore Y-o-Y and ₹6.02 crore Q-o-Q. Revenue increased to ₹66 crore from ₹50.9 crore Y-o-Y.
Coal India posted a Q3 net profit of ₹850.6 crore, declining from ₹1,025 crore year-on-year (Y-o-Y) but rising from ₹629 crore quarter-on-quarter (Q-o-Q). Revenue was ₹3,578 crore, slightly lower than ₹3,615 crore Y-o-Y.
Tata Power’s solar manufacturing arm, TP Solar, secured a significant ₹455 crore contract for supplying 300 MWp ALMM modules to Maharashtra State Power Generation Company Limited.
Union Bank of India reported a Q3 net profit of ₹460 crore, up from ₹359 crore Y-o-Y but slightly down from ₹472 crore Q-o-Q. Revenue increased to ₹2,696 crore from ₹2,540 crore Y-o-Y.
Oriental Rail Infrastructure secured a major order worth ₹575 crore for the manufacturing and supply of 33 rakes of Flat Multi-Purpose Wagons (FMP).
Tata Steel posted a Q3 net profit of ₹29.5 crore, a sharp drop from ₹52.2 crore Y-o-Y. Revenue was ₹5,365 crore, down from ₹5,531 crore Y-o-Y. The company’s EBITDA stood at ₹590 crore, compared to ₹626 crore Y-o-Y, with an EBITDA margin of 11%, slightly lower than 11.3% Y-o-Y.
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