GiftNifty indicates a gap-up opening for Nifty today.
* RBL Bank’s Q3 net profit plummeted 86% YoY to Rs 33 crore, primarily due to significant slippages in its microloan portfolio, which surged to Rs 535 crore.
Wipro reported better-than-expected Q3 earnings with a 4.5% quarter-on-quarter growth in net profit, reaching Rs 3,354 crore, and a marginal revenue increase of 0.1% to Rs 22,319 crore, surpassing brokerages’ predictions.
Barflex Polyfilms is set to debut on the NSE SME platform with a 21% premium over the issue price of Rs 60, driven by strong investor interest and a current GMP of Rs 13.
Capital Numbers Infotech is launching an IPO to raise approximately Rs 169 crore, consisting of a fresh equity sale of Rs 85 crore and an offer for sale of 32.2 lakh shares, with a price band set between Rs 250-263.
Angel One’s shares are in focus as January 20 is the last day to buy for eligibility for a Rs 11 dividend, with the record date set for January 21, 2025.
* Paytm is expected to report Q3 earnings with revenue between Rs 1,842 crore and Rs 1,826 crore, reflecting a 35-36% YoY decline, while projecting an EBITDA loss of Rs 100 crore and a net loss of Rs 346 crore.
Laxmi Dental’s shares are debuting today with an expected 34% gain over the issue price, supported by a remarkable 114 times subscription during the IPO.
* The funds raised will be allocated for debt repayment, capital expenditure, and investments in subsidiaries, enhancing the company’s growth in the dental product market.
