By Admin 
Stocks to watch: Trading in the Indian stock market remained sluggish on Tuesday, the second trading day of the week. Both Sensex and Nifty closed with losses amid all-round selling and weak global cues. Now the eyes of investors are fixed on today’s business. Today many more stocks like Eternal, Tata Motors, Restaurant Brands Asia, AU Small Finance Bank, RBL Bank are going to be in focus. Let’s take a look at these:-
RBL Bank
Emirates NBD Bank’s proposal to acquire controlling stake in RBL Bank has received approval from the Competition Commission of India. Emirates NBD is a leading banking group, which is spread in many countries including India. Its headquarters is in Dubai. In this transaction, Emirates NBD Bank will acquire a majority stake in the bank through a primary investment of approximately $3 billion (approximately Rs 26,850 crore). This includes an open offer to public shareholders, preferential allotment of shares and merger of the India banking operations of Emirates NBD with RBL Bank.
Tata Motors
French multinational bank BNP Paribas on Tuesday bought more than 35.43 lakh shares of Tata Motors Limited (Tata Motors Commercial Vehicle) through a block deal. The seller in this deal worth Rs 152 crore was Goldman Sachs.
eternal
Shares of Eternal Limited, the parent company of Zomato and Blinkit, will be in focus because the company will announce its quarterly results on Wednesday, January 21. Apart from this, DRL, HPCL and Tata Communications will also announce the results of the third quarter.
Restaurant Brands Asia
Shares of Restaurant Brands Asia, the company that runs Burger King, may also see movement today as the company said on Tuesday that Inspira will acquire a controlling stake in the global Burger King India and Indonesia operator for about Rs 460 crore ($50.54 million).
Under this deal, Inspira will buy the entire shareholding of 11.26 percent in Restaurant Brands Asia (RBA) from Everstone’s investment vehicle QSR Asia. Apart from this, Inspira also plans to invest approximately Rs 900 crore through preferential allotment of shares and Rs 600 crore through warrants.
JSW Energy
JSW Energy’s subsidiary JSW Thermal Energy II has signed a power purchase agreement with West Bengal State Electricity Distribution Company for a 1600 MW thermal power project at Salboni, West Bengal. This project will be developed in two units of 800-800 MW and it is expected that it will become operational within six years.
AU Small Finance Bank
AU Small Finance Bank’s profit has jumped by 26 percent in the December quarter, which stood at Rs 668 crore as compared to Rs 528 crore recorded in the same quarter last year. In Q3FY26, the bank’s interest income (NII) also recorded a growth of 16 percent, which was Rs 2341 crore as compared to Rs 2023 crore in the same quarter of the last financial year.
Quarterly results of these companies will come
Many major companies including Dr. Reddy’s Laboratories, HPCL, Tata Communications, Bank of India, Canara HSBC Life Insurance and UTI AMC are going to declare their Q3 results today. The list also includes Dalmia Bharat, Jindal Stainless, KEI Industries, Supreme Industries, Oracle Financial Services, Bajaj Consumer, Muthoot Capital, KPI Green and Ananth Raj.
Other companies releasing their quarterly results today include Chembond Specialty Chemicals, Gravita India, Goa Carbon, Sagar Cement, Rajratan Wires, Refex Industries, Tatva Chintan Pharma, Thangamayil Jewellers, EPack Prefab, Eternal, PNB Agro and Dhanalakshmi Bank.
Disclaimer: (The information provided here is being given for information only. It is important to note here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com It is never advised for anyone to invest any money here.)
Also read:
Big update on Jio IPO, Morgan Stanley and Goldman Sachs elected lead bankers