The stock market is set for an eventful day on January 16, with several key companies releasing their quarterly results and brokerages offering stock recommendations. Investors will be closely watching the performance of Reliance Industries Limited (RIL) as it announces its December quarter (Q3 FY25) results. Analysts expect RIL to report a mixed performance, with strong telecom earnings growth, improvements in refining margins, and moderate retail growth.
The company’s consolidated EBITDA is expected to benefit from stronger refining margins and higher ARPU in digital services, despite weakness in the petrochemicals segment. Other companies scheduled to release their earnings include Onix Solar Energy Ltd., Pacheli Industrial Finance Ltd., Plastiblends India Ltd., Radhika Jeweltech Ltd, Sanathnagar Enterprises Limited, Sellwin Traders Ltd., Shekhawati Industries Ltd., Shemaroo Entertainment Ltd., Space Incubatrics Technologies Ltd., Spencers Retail Ltd., Sterling And Wilson Renewable Energy Ltd., Tti Enterprise Ltd., and Waaree Renewable Technologies Ltd. CEAT Ltd reported a consolidated net profit of ₹181.28 crore in the same quarter last fiscal, with consolidated revenue from operations standing at ₹3,299.9 crore against ₹2,963.14 crore in the year-ago period.
Reliance quarterly results and stock picks
Adani Group stocks are expected to have a positive sentiment, while GAIL is set to receive $285 million from SEFE Marketing & Trading Singapore Pte Ltd as part of a settlement. Brokerages have shared their stock recommendations for January 16, reflecting broader market trends and investment opportunities.
Some of the highlighted stocks include Stock A, recommended by multiple brokerages due to its strong performance last quarter and promising future outlook; Stock B, identified as a potential growth stock following recent strategic business moves; and Stock C, suggested for its high dividend yield, making it attractive for income-focused investors. The Nifty 50 is expected to trade in the range of 23,050–23,350 in the near term, with overall sentiment remaining in favor of bears until the index closes above all key moving averages. The Bank Nifty formed a small red candle with long upper and lower shadows, indicating indecision, and the overall trend remains weak.
Investors are advised to keep a close watch on these announcements and market movements while exercising caution and consulting with certified experts before making any investment decisions.
