Stocks to Watch: Solar Industries, Bondada Engineering, Dr. Reddy's, HPCL, Indus Towers, and more.

Following the robust rebound on Wall Street during Thursday's trading and the favorable start by Asian rivals, Indian markets are anticipated to open Friday, January 24, higher. The rise sent the S&P 500 to a new high after U.S. President Donald Trump called for cheaper oil prices and lower interest rates.

Trump emphasized his administration's energy priority when he revealed intentions to request that Saudi Arabia and OPEC reduce oil prices. As a result, WTI crude oil futures dropped around $74 per barrel and Brent crude oil dropped below $78 per barrel.

The following stocks are the focus of today's trading session: Indus Towers: In the third quarter of 2024–2025, the company announced a more than doubling of its consolidated net profit to ₹4,003 crore.

As provisions for bad loans increased, Ujjivan Small Finance Bank reported a 64% decline in net profit to ₹103 crore for the third quarter that ended in December 2024.

In the previous year, the institution had a net profit of ₹300 crore.

In the third quarter (Q3) of the current fiscal year (FY25), Adani Energy Solutions reported an 80% increase in consolidated profit after tax (PAT) to ₹625 crore.

Dr. Reddy's: Due to strong performance in all areas, the pharmaceutical firm recorded a consolidated net profit that climbed by 2% to ₹1,413 crore in the third quarter that concluded on December 31, 2024.

HPCL: On Thursday, Hindustan Petroleum Corporation Ltd. (HPCL) revealed that its net profit for the December quarter had more than tripled as marketing margins soared.

According to the company's stock exchange report, its consolidated net profit for the October–December 2024 period was ₹2,543.65 crore, up from ₹712.84 crore during the same period the previous year.

Bondada Engineering: An order of ₹450 crore has been given to Bondada Renewable Energy Limited, one of its wholly owned subsidiaries, to develop a hydra renewable energy project in Assam.

A Memorandum of Understanding (MoU) was signed on January 22, 2025, in Davos, Switzerland, by Solar Industries: Economic Explosives Limited, the fully owned subsidiary of Solar Industries India Limited, and the Government of Maharashtra, India, to establish an Anchor Mega Defence and Aerospace Project (the "Proposed project") in Nagpur.

Mankind Pharma: In Q3FY25, the firm reported a consolidated net profit of ₹385 crore, down from ₹460 crore in the same quarter the previous year. While domestic sales increased by 17% to ₹2,773 crore, operations revenue increased by 24% to ₹3,230 crore.

Amber Enterprises: For the October–December quarter of the fiscal year 2025, Amber Enterprises reported a consolidated net profit of ₹35.87 crore. Operating revenue reached ₹2,133 crore, a notable increase of about 65% year over year.

According to a Bloomberg article, Reliance Industries, under the leadership of Mukesh Ambani, is launching a bold project to build what may end up being the largest data center in the world in terms of capacity in Jamnagar, Gujarat.