Bank of Maharashtra, a state-owned financial institution, reported a 10%+ year-on-year increase in its quarterly consolidated net profit, reaching Rs 776.81 crore. Private sector lenders IndusInd Bank and The Federal Bank also saw significant growth in their bottom lines during the reviewed quarter, with increases of over 50%. Brokerage firm LKP Securities has a "buy" rating and a target price of Rs 1,473 for IndusInd Bank, indicating potential for a 21% increase from its current market price of Rs 1,210. The bank has maintained strong performance in its core operations and LKP suggests increasing its contingency buffer to protect from credit disruptions. On the other hand, Axis Securities has a Rs 170 price target on The Federal Bank stock, indicating bullish sentiment. The bank's stock was trading at Rs 136 on January 20th and Axis Securities reaffirmed it as their top pick among mid-sized banks due to its strong credit growth visibility, well-managed asset quality, and improving profitability.

ICICI Securities has a positive outlook on Indiamart Intermesh, stating that the company is likely to see a strong revenue growth trajectory over the next three fiscal years (FY23-FY25E). As a potential key beneficiary of the strong growth in B2B e-commerce, ICICI Securities has set a target price of Rs 6,000 for the company's shares. On January 20th, Indiamart Intermesh's shares traded 1.23% higher at Rs 4,531, while the benchmark BSE Sensex was down 38 points at 60,820. Additionally, 5Paisa Capital reported a 1,383% increase in its net profit to Rs 11.02 crore in Q3FY23 compared to Rs 0.74 crore in Q3FY22. Other companies, such as Anant Raj, Goa Carbon, and Stylam Industries also reported significant growth in their net profits in Q3FY23, with increases of 286%, 57%, and 54%, respectively.