Today’s Stock Market Highlights: Key Q3 Results and Corporate Actions

The Indian stock market witnessed another day in the red on Wednesday, despite a sharp intraday recovery. The BSE Sensex dropped 122.52 points (0.16%) to 76,171.08, while the NSE Nifty50 fell 26.55 points (0.12%) to close at 23,045.25. Investors remain cautious due to high valuations and mixed Q3 earnings. Let’s explore the key stocks in focus before the market opens on Thursday.

Key Q3 Results Today

Several major companies are set to release their Q3FY25 results today:

• Hindalco Industries
• United Breweries
• Ipca Laboratories
• Deepak Nitrite
• Godfrey Phillips India
• Manappuram Finance
• Nazara Technologies
• Titagarh Rail Systems
• KNR Construction

Corporate Actions to Watch

Shares of the following companies will trade ex-dividend today:

• Eris Lifesciences
• NHPC
• Page Industries
• Sun TV Network
• Veedol Corporation
• United Van Der Horst

Stock-Specific Updates

• Reliance Industries (RIL): Established a subsidiary, REC Sustainable Energy Solutions Pte (REC SES) in Singapore to consolidate global R&D activities.
• ICICI Bank: ICICI Prudential Asset Management is considering a public listing, with ICICI Bank retaining its majority stake.
• Kotak Mahindra Bank: The RBI lifted restrictions, allowing the bank to resume onboarding new customers and issuing fresh credit cards.
• Adani Ports: Adani Harbour Services partnered with Al Annabi Marine Services in Qatar through a joint venture.
• ONGC, NTPC Green Energy: ONGC NTPC Green (ONGPL) acquired 100% equity in Ayana Renewable Power for Rs 19,500 crore.
• Tata Power: Signed an MoU with ONGC to explore joint opportunities in Battery Energy Storage Systems (BESS).
• RITES: Signed an MoU with C-DAC to collaborate on IT solutions for consultancy projects.
• Muthoot Finance: Reported a 26% YoY rise in net profit to Rs 1,389 crore with revenue surging 36% YoY to Rs 5,190 crore.
• RailTel: Secured work orders worth Rs 137.84 crore from Bihar Education Project Council and Airports Authority of India, Chennai.

Other Earnings Highlights

• Bharat Forge: Net profit dipped 8.4% YoY to Rs 346 crore, with revenue down 7.4% YoY.
• Honasa Consumer (Mamaearth): Net profit rose to Rs 26 crore, with a 6% YoY revenue increase to Rs 518 crore.
• TBO Tek: Despite a 1.6% YoY net profit drop, revenue rose 29.1% YoY to Rs 422 crore.
• Ventive Hospitality: Net profit fell 48.5% YoY to Rs 22.26 crore, while revenue rose 15% YoY to Rs 566.4 crore.
• Vakrangee: Received an RBI extension to operate White Label ATMs until March 31, 2026.

Market Outlook

With major Q3 results and corporate actions, investors should stay alert to potential market movements. Stocks like RIL, ICICI Bank, Adani Ports, Kotak Mahindra Bank, RITES, Tata Power, and Honasa could see high volatility. 

Stay tuned to MBC Trading Platform for real-time updates and expert analysis.

Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Please consult a financial advisor Mbc trading Platform  before making any investment decisions.