CNBC-TV18's top stocks to watch out for on January 27

SUMMARY

The Indian market is likely to open higher on Wednesday following gains in Asian peers after the International Monetary Fund (IMF) raised its growth forecast for the global economy this year. At 7:25 am, the SGX Nifty was trading 100.50 points or 0.71 percent higher at 14,181.50, indicating a positive start for the Sensex and Nifty50.

By CNBC-TV18Jan 27, 2021 7:40:47 AM IST (Published)

Auto Stocks | The government has approved scrappage policy, which will come into effect from April 2022.

Larsen & Toubro | The company’s net profit in Q3FY21 rose 4.9 percent to Rs 2,466.7 crore from Rs 2,352 crore, while revenue fell 1.8 percent to Rs 35,596.4 crore from Rs 36,243 crore, YoY.

Adani Ports & SEZ | The company will raise $500 million via bonds.

Bank of Baroda | The Central Bank of the United Arab Emirates has imposed a financial sanction of Rs 13.56 crore approx. on Bank of Baroda, GCC Operations, Dubai for deficiencies in compliance of AML and Sanctions Compliance Framework as on December 31, 2019.

GAIL (India) | The company plans to launch an InvIT of its two gas pipelines between Dahej and Bengaluru ahead of a proposed splitting of the pipeline business from the gas marketing function.

Affle (India) | The company’s subsidiary will buy business assets of Israel-registered Discover Tech for $1.15 million. Additionally, it will sell 8 percent stake in OSLabs to its promoter Affle Global for $2.86 million.

ICICI Securities | The company has reported a profit of Rs 267 crore in Q3FY21 against Rs 137.2 crore in Q3FY20. Revenue jumped to Rs 620.11 crore from Rs 422.24 crore YoY.

Inox Leisure | The company has commenced the commercial operations of cinema, taken on Leave & License basis, located in Thane from January 26, 2021.

MSTC | The company has received approval from Excise Department, Government of Rajasthan for conducting an e-Auction for Liquor Shop License Contracts through MSTC's portal www.mstcecommerce.com.

Agro Tech Foods | The company has restarted its commercial production and operations at its plant in Unnao, UP. This plant produces Tortilla Chips, Ready to Eat Popcorn, Extruded Snacks and Centre filled Cereal Snacks etc.

RPG Life Sciences | The company reported sharply higher profit at Rs 12.87 crore in Q3FY21 against Rs 7.9 crore in Q3FY20, while revenue jumped to Rs 107.6 crore from Rs 94.4 crore, YoY.

Astec LifeSciences | The company reported a profit of Rs 7 crore for Q3FY21 as against Rs 12.1 crore, YoY, while revenue declined to Rs 116 crore from Rs 124.8 crore, YoY.

Navin Fluorine International | The company reported a consolidated profit of Rs 58.9 crore in Q3FY21 against Rs 45.4 crore in Q3FY20, while revenue jumped to Rs 309.09 crore from Rs 260.5 crore YoY.

Sharda Cropchem | The company reported a sharp increase in its consolidated profit at Rs 48.3 crore in Q3FY21 against Rs 5.86 crore in Q3FY20; revenue rose to Rs 493.8 crore from Rs 382.4 crore YoY. The company appointed Ashok Kumar Vashisht as Chief Financial Officer.

Earnings Today | Axis Bank, Hindustan Unilever, Bank of Baroda, Canara Bank, Marico, Emami, HG Infra Engineering, Hindustan Organic Chemicals, PNB Housing Finance, ICICI Prudential Life Insurance Company, India Cements, JK Paper, Jyothy Labs, Mahindra EPC Irrigation, Nippon Life India Asset Management, PSP Projects, Quess Corp, Tata Coffee, United Spirits, Welspun India, among others.