Stocks to Watch on January 20, 2025: Key Market Moves and Earnings Reports

 As we enter the week of January 20, 2025, the stock market is buzzing with key earnings reports and updates from major companies. Investors are keeping a close eye on stocks like Dixon Technologies, Zomato, Paytm, Wipro, Tech Mahindra, and Kotak Mahindra Bank. Tech Mahindra reported impressive YoY growth of 92.63% in profits, while Wipro and Kotak Mahindra Bank also posted solid earnings. Additionally, companies like MCX, IDBI Bank, and Kotak Mahindra Bank are expected to remain in focus due to their quarterly updates. With global markets showing cautious optimism, the domestic equity market is set for a marginally positive opening today. Here's a look at the top stocks to watch and key earnings to track this week.

**Stocks to Watch on January 20, 2025: Key Market Moves, Earnings, and Insights**

The Indian stock market has been making significant moves lately, with several key companies reporting their quarterly results. As we step into the week of January 20, 2025, investors are closely watching stocks such as Dixon Technologies, Zomato, Paytm, Wipro, Tech Mahindra, Kotak Mahindra Bank, and others. With major earnings reports coming in, the market is poised for a day of activity and potential growth. Here’s a detailed look at the top stocks to watch and the earnings updates you need to know.

### **Market Overview: A Positive Start to the Week**

The domestic equity market is expected to open with marginal gains on Monday, January 20, 2025. At 7:34 AM, the GIFT NIFTY futures were trading at 23,287.50, up by 12 points (0.05%). This implies that the NIFTY50 index will open about 20 points higher. On the global front, stock markets in Asia are cautiously positive as investors wait for upcoming policy announcements, including developments related to the first few hours of Donald Trump's second presidency. The global focus is also on the potential interest rate hike in Japan by the end of the week.

As of 12:44 PM, the S&P BSE SENSEX was trading at 76,818.03, up 318 points or 0.42%. This positive momentum in the market could set the stage for growth as the week progresses.

### **Top Stocks to Watch on January 20, 2025**

Several stocks are expected to remain in focus today, particularly with Q3 results slated for release. Here’s a closer look at the key players:

#### **1. Dixon Technologies**

Dixon Technologies continues to remain a stock to watch as the company is set to report its Q3 earnings. Known for its strength in the electronics manufacturing services sector, Dixon’s performance is highly anticipated. The company has been growing steadily, and any surprises in earnings could significantly impact its stock price. Investors should keep an eye on Dixon's guidance for the upcoming quarters, particularly in the areas of consumer electronics and appliances manufacturing.

#### **2. Zomato**

Zomato, the food delivery giant, will likely remain in the spotlight with its earnings report for the December quarter. After a series of expansions and partnerships, Zomato’s growth in the online food ordering segment remains a key factor for investors. The company’s profitability, user growth, and potential cost-cutting strategies will be under scrutiny. Any positive movement in these areas could provide upward momentum for the stock.

#### **3. Paytm (One97 Communications)**

Paytm, operating under the ticker symbol One97 Communications, will release its third-quarter results today. The digital payment leader has been grappling with profitability concerns, but its efforts in diversifying into financial services, insurance, and lending have been of interest to investors. A positive report, especially showing strong growth in its financial services arm, could be a key trigger for the stock.

#### **4. Tech Mahindra**

Tech Mahindra, one of India’s leading IT services companies, posted impressive Q3 results, with a 92.63% year-on-year (YoY) growth in consolidated profits, reaching ₹983.2 crore. This is a substantial increase from ₹510.4 crore in the year-ago period. However, on a quarter-on-quarter (QoQ) basis, profits saw a 21% decline to ₹1,250.1 crore. Despite the QoQ drop, the YoY growth indicates a strong recovery and positive future outlook. The company’s revenue for the quarter grew by 1.4% YoY to ₹13,286 crore, and EBITDA increased by 57.8%, showcasing its operational efficiency. Tech Mahindra’s BFSI (Banking, Financial Services, and Insurance) segment has been a major growth driver, with a YoY increase of 8.3%. This performance is expected to keep Tech Mahindra in focus as investors look for further guidance on its business prospects.

#### **5. Wipro**

Wipro, another key player in the Indian IT services space, reported a 24.4% YoY rise in its consolidated net profit for the December quarter, which stood at ₹3,354 crore. The company’s revenue from operations inched up by 0.5% to ₹22,319 crore. While Wipro’s quarterly performance has been steady, the upcoming March quarter revenue guidance is crucial. Wipro expects its IT services revenue to range between $2,602 million and $2,655 million, indicating either a decline or marginal growth. Investors will be keen to see how the company handles the challenging global IT environment and manages its costs moving forward.

#### **6. Kotak Mahindra Bank**

Kotak Mahindra Bank reported a 10.22% rise in its December quarter consolidated net profit to ₹4,701 crore. While this marks a healthy increase from ₹4,265 crore in the same period last year, the bank experienced a slight dip compared to the previous quarter (₹5,044 crore). The slight increase in its gross non-performing assets (NPA) ratio, now at 1.50% compared to 1.49% last quarter, is something investors will monitor closely. Kotak Mahindra Bank's consistent performance in retail banking and its strong balance sheet make it a key stock to watch.

#### **7. MCX (Multi Commodity Exchange of India)**

MCX, which operates the leading commodity exchange in India, continues to face challenges amid fluctuating global commodity prices. Despite these market pressures, MCX remains a crucial stock to watch as investors look for any signals regarding its long-term growth strategy. With growing interest in commodities as an asset class, any developments regarding new product launches or regulatory changes could provide a positive catalyst for the stock.

#### **8. IDBI Bank**

IDBI Bank, a public sector lender, is also set to report its Q3 results today. Investors will be watching closely for any signs of improvement in its asset quality and profitability, particularly in light of its ongoing efforts to clean up its balance sheet and enhance operational efficiency. Any surprises here could result in significant stock movement, especially as investors digest updates on its restructuring plans.

#### **9. RBL Bank**

RBL Bank’s performance in the December quarter saw a significant drop in net profit, down to ₹47 crore from ₹245 crore in the same quarter last year. This decline was largely driven by issues in the microloan portfolio, impacting its overall profitability. However, the bank’s core net interest income (NII) grew by 3% to ₹1,585 crore, and other income surged by 38%. The stock could be under pressure in the short term as investors assess the full impact of the bank’s loan portfolio troubles.

### **Other Notable Stocks to Watch**

- **SBI Life Insurance**: The insurer posted a 71% rise in its net profit for the third quarter, amounting to ₹551 crore. An increase in new and renewal premiums is likely to keep the stock in focus.

  

- **Jio Financial Services**: The company reported flat profits for the December quarter at ₹295 crore. Investors will be keen to see if Jio Financial Services can sustain its growth trajectory as it continues to expand its digital offerings.

- **ICICI Lombard General Insurance**: This company saw a 68% rise in its net profit, reaching ₹724 crore. While premium income showed a slight decline, the overall profitability boost makes ICICI Lombard an interesting stock to watch.

- **GMR Airports**: GMR Airports, which reported its highest-ever passenger traffic in December 2024, could see a boost in investor sentiment, especially with its growing airport management operations.

- **Ashapura Minechem**: The company signed a long-term memorandum of understanding (MoU) with China Railway to jointly develop a bauxite deposit in Guinea. This partnership could help Ashapura Minechem secure a stronger foothold in the global mining sector.

### **Conclusion**

January 20, 2025, promises to be an exciting day for the Indian stock market, with earnings reports from major companies expected to shape investor sentiment. Stocks like Dixon Technologies, Zomato, Paytm, Wipro, Tech Mahindra, and Kotak Mahindra Bank are likely to be in focus due to their strong earnings performances or critical updates. The market is poised for a cautious yet positive opening, and investors should stay tuned for key earnings reports, especially in the IT, banking, and financial services sectors, which continue to drive market momentum.

As always, investors should stay informed about these updates and assess potential risks and rewards before making any investment decisions.