Indian equity markets extended their weakness on Tuesday, ending lower amid broad based selling pressure and weak global cues. Following the recent decline, the Nifty has moved closer to a key technical support zone near its long term moving average, the 200 DEMA, placed around the 25,150 level. Market participants remain cautious as sector specific performance continues to influence near term sentiment.
Against this backdrop, several stocks are set to remain in focus today due to quarterly earnings, block deals, regulatory approvals, and strategic transactions.
Q3 Results to Watch: Eternal, DRL, HPCL, Tata Communications
Shares of Eternal, Dr Reddy’s Laboratories, Hindustan Petroleum Corporation, and Tata Communications will be in focus as the companies are scheduled to announce their third quarter financial results later today.United Spirits Reports Strong Profit Growth
United Spirits reported a 25 percent increase in consolidated net profit for the December quarter. Profit after tax stood at Rs 418 crore compared to Rs 335 crore in the corresponding period last year. The reported profit is attributable to the owners of the holding company.Tata Motors Sees Block Deal Activity
Shares of Tata Motors will be tracked after French multinational bank BNP Paribas purchased over 35.43 lakh shares of Tata Motors Limited through a block deal. The transaction was valued at Rs 152 crore, with Goldman Sachs acting as the seller.IndiaMart Posts Sharp Rise in Q3 Profit
IndiaMART InterMESH reported a 56 percent jump in consolidated net profit for the December quarter at Rs 188 crore, compared to Rs 121 crore a year earlier. Consolidated revenue from operations rose 13 percent year on year to Rs 402 crore.CCI Clears Emirates NBD Stake Acquisition in RBL Bank
RBL Bank will be in focus after the Competition Commission of India approved Emirates NBD Bank’s proposal to acquire a majority stake in the lender. Dubai headquartered Emirates NBD operates across several countries, including India, while RBL Bank provides banking, financial, and insurance services.KP Green Secures Orders Worth Rs 248.2 Crore
KP Green Engineering announced that it has secured fresh orders worth Rs 248.2 crore across multiple business verticals. The company stated that the new orders highlight its growing presence across renewable energy, transmission, industrial, and infrastructure segments.Restaurant Brands Asia Announces Change in Control
Restaurant Brands Asia said that Inspira Global will acquire a controlling stake in the company for around Rs 460 crore. Inspira will acquire the entire 11.26 percent stake held by QSR Asia, owned by Everstone. Additionally, Inspira plans to invest about Rs 900 crore through a preferential allotment of shares and Rs 600 crore through warrants.AU Small Finance Bank Delivers Strong Q3 Performance
AU Small Finance Bank reported a 26 percent rise in net profit for the December quarter at Rs 668 crore, compared to Rs 528 crore in the same period last year. Net interest income grew 16 percent year on year to Rs 2,341 crore.Shoppers Stop Profit Declines Sharply
Shoppers Stop reported a sharp decline in profitability for the December quarter. Consolidated net profit fell 69 percent to Rs 16.1 crore compared to Rs 52.2 crore in the year ago period, reflecting softer discretionary spending by urban consumers.As earnings announcements and corporate developments unfold, these stocks are expected to remain actively tracked during the trading session.
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