HDFC Bank, DMart, Federal Bank, Wipro, Just Dial, SBI, M&M, Tata Steel

Asian equities are set to open the week with a tailwind from US stocks closing at the highest in a month as easing inflation expectations fuel January’s global share rally.

At 5:59 a.m., the Singapore-traded SGX Nifty, an early indicator of India’s benchmark Nifty 50, was up 0.11% to 18,058.5 .

Indian stocks are in for a busy week with economic data, ongoing quarterly earnings, and foreign fund trading activity deciding the direction for investors.

The third quarter season has begun with big IT names, and this week market will react to the earnings of some major names, including HDFC Bank, IndusInd Bank, Asian Paints, JSW Steel, and HUL.

“Going ahead, with IT earnings out of the way, investors will now focus on the earnings of financials,” said Vinod Nair, head of research at Geojit Financial Services.

Overseas investors in Indian equities were net sellers for the 16th day in a row on Friday. Foreign portfolio investors offloaded stocks worth Rs 2,422.39 crore, while the domestic institutional investors mopped up stocks worth Rs 1,953.4 crore.

Here are the stocks to watch in today’s trade:

HDFC Bank Q3 FY23 (Consolidated YoY)

• Net profit at Rs 12,259 crore vs Rs 10,342 crore. (Bloomberg estimate: Rs 11,815 crore)

• Net interest income at Rs 22,987 crore, up 24.6%

• Gross NPA at 1.23%

• Net NPA at 0.33%

• Total deposits up 19.9% to Rs 17.33 lakh crore.

• Total advances rose 19.5% year-on-year and stood at Rs 15.1 lakh crore.

Avenue Supermarts Q3 FY23 Key Highlights (YoY)

• Net profit rose 7% to Rs 589.64 crore, missing analysts’ estimates of Rs 699.32 crore.

• Sequentially, it fell 14%. Operating profit rose 11% to Rs 965.26 crore against an estimated Rs 1,073.73 crore.

• It rose 8% over the September quarter. Margin came in at 8.3% against 9.4% due to higher expenses.

• It was lower than 8.4% in Q2 FY23.

• Total expenses rose 27% to Rs 10,788.86 crore. Expenses were up 9% over the previous quarter.

Wipro Q3 FY23 (Consolidated QoQ)

• Revenue rose 3.08% at Rs 23,230 crore vs Rs 22,534 crore (Bloomberg estimate: Rs 23,346 crore)

• EBIT rose 15.26% at Rs 3,624 crore vs Rs 3,144 crore (Bloomberg estimate: Rs 3,481 crore)

• EBIT margin at 15.6% vs 13.95% (Bloomberg estimate: 14.9%)

• Net profit rose 15.7% to Rs 3,065 crore vs Rs 2,649 crore (Bloomberg estimate: Rs 2,976 crore)

• The board declared an interim dividend of Re 1 per share.

L&T Finance Holdings Q3 FY23 (Consolidated QoQ)

• Revenues up 9.38% at Rs 3,432.49 crore vs Rs 3,138.1 crore (Bloomberg estmate: Rs 1,907.30 crore)

• Ebitda up 9.17% at Rs 2,076.32 crore vs Rs 1,901.84 crore

• Ebitda margin at 60.49% vs 60.61%

• Net profit up 11.62% at Rs 453.64 crore vs Rs 406.43 crore (Bloomberg estmate: Rs 517.95 crore

Just Dial Q2 FY23 (Consolidated QoQ)

• Revenues rose 7.85% at Rs 221.37 crore vs Rs 205.26 crore (Bloomberg estimate: Rs 216.7 crore)

• Ebitda increased 59.92% at Rs 27.17 crore vs Rs 16.99 crore

• Ebitda Margin at 12.27% vs 8.28%

• Net profit rose 44.4% at Rs 75.32 crore vs Rs 52.16 crore (Bloomberg estimate: Rs 42.65 crore)

Raghav Productivity Enhancer Q3 FY23 (Consolidated YoY)

• Revenue up 45% at Rs 33.78 crore vs Rs 23.3 crore

• Ebitda up 54% at Rs 9.3 crore vs Rs 6.02 crore

• Ebitda margin at 27.53% vs 25.8%

• Net profit up 7% at Rs 6.6 crore vs Rs 4.28 crore

Choice International Q3 FY23 (Consolidated QoQ)

• Revenue up 43.07% at Rs 96.34 crore vs Rs 67.34 crore

• Ebitda up 9.79% at Rs 24.23 crore vs Rs 22.07 crore

• Ebitda margin at 25.15% vs 32.77%

• Net profit up 2.92% at Rs 14.08 crore vs Rs 13.68 crore

BCL Industries: Silvertoss Shoppers bought 3 lakh shares (1.24%) and Rollon Investment sold 3 lakh shares (1.24%) at Rs 414 apiece.

Vaibhav Global: Promoter group Brett Enterprises bought 56,000 shares between Dec. 13 and Dec. 30.

Emami: Promoter group Diwaker Finvest revoked a pledge of 3.53 lakh shares between Dec.10 and Dec 12.

EKI Energy Services: To meet analysts and investors on Jan. 17.