HCL Tech and Angel One to Announce Q3 FY25 Results Today

BANGALORE, India - Jan. 13, 2025 - PRLog -- Nifty started the previous week on a bearish note, falling more than 1.6% on Monday and breaching its 200-DMA (https://marketsmithindia.com/mstool/learning.jsp#/msiLearning/glossary/200DMA). Weakness persisted throughout the week, apart from Tuesday's session. Thursday's session was considered as a distribution day. Friday, Nifty started on a muted note but quickly came under selling pressure again. The low was bought by the investors as the index turned positive and almost touched 23,600. However, the index turned volatile and closed in the lower half.

Barring Nifty IT (+2.02%), all the sectoral indices closed lower for the week. Nifty PSU Bank (-8.07%) and Realty (-7.83%) were the major decliners followed by Nifty Media (-6.34%) and Metal (-5.35%).

Lately, we changed the market status to a Confirmed Uptrend (https://marketsmithindia.com/mstool/learning.jsp#/msiLearning/glossary/ConfirmedUptrend). In the current market scenario, stocks breaking out of an early-stage base, demonstrating higher relative strength, and possessing superior fundamentals are likely to perform well. Without trying to predict or decode stories, we will take what the market gives us and continue to monitor unfolding conditions. We may downgrade the status to an Uptrend Under Pressure if the distribution day count increases and Nifty breaches its key support level.

Key News:

Hcl Technologies (Nse), Angel One, Anand Rathi Wealth, Delta Corp, Himadri Speciality Chemical, and Marathon Nextgen Realty, among others, to announce their Q3 FY25 results today.

Just Dial's Q3 FY25 revenue increased 8.4% y/y to Rs 287.3 crore. EBITDA margins expanded 740bps y/y to 30.1%. PAT increased 42.7% y/y to Rs 131.3 crore.

NLC India's arm NLC India Renewables and Assam Power Distribution Company signs joint venture agreement for development of solar power projects in Assam.

Avenue Supermarts's Q3 FY25 revenue increased 17.7% y/y to Rs 15,972.6 crore. EBITDA margins contracted 70bps y/y to 7.6%. PAT increased 4.8% y/y to Rs 723.7 crore.

Jsw Energy's arm JSW Neo Energy completes acquisition of 125 MW Renewable Energy assets from Hetero Group for Rs 630 crore.