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Trade Setup for January 20, 2020

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Stocks to look out for:

RIL: Q3 profit grows 3.35% QoQ, GRM at $9.2/bbl, Jio reports 36.4% QoQ growth in profit with ARPU rising to Rs 128.4

TCS: Q3 profit grew 0.9% to Rs 8,118 cr, dollar revenue rose 1.3% to $5,586 mn QoQ; Deal wins at $6 bn.

GHCL: Board will consider share buyback on January 23.

HCL Tech: Q3 profit rose 14.6% to Rs 3,037 cr QoQ, sees FY20 CC revenue growth at 16.5-17%

ICICI Lombard: Q3 profit rose 23% to Rs 294 cr, revenue grew 15.8% to Rs 2,799 cr YoY.


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