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Stocks to watch: Shares of firms like Nykaa, LIC, Cipla, Oil India, Vedanta, LIC, HDFC Bank, and others will be in focus on Monday’s trade
Stocks to watch on February 10
Stocks To Watch On February 10: Markets remained volatile on Friday, closing slightly lower and extending the recent decline in the index. Today, several stocks will be in focus, including Bajaj Auto, Nykaa, Grasim, LIC, Cipla, Hitachi Energy, and Sun TV, among others, driven by various news developments and third-quarter results.
Q3 Results Today: Nykaa, Grasim Industries, Apollo Hospitals, Eicher Motors, Nalco, CRISIL, Bata India, Patanjali Foods, Varun Beverages, Ashoka Buildcon and Escorts Kubota among others.
Steel Stocks:
Steel stocks are expected to be in focus following Trump’s announcement of a potential 25% tariff on all steel and aluminum imports.
Oil India:
Oil India reported a 44% drop in net profit to Rs 1,457 crore, with a 16.7% decline in revenue to Rs 9,089 crore.
LIC:
LIC posted a 16% YoY increase in net profit to Rs 11,009 crore, despite a 9% drop in net premium income to Rs 1.07 lakh crore.
Bharat Electronics:
Bharat Electronics secured orders worth Rs 962 crore, including a Rs 610 crore contract for supplying Electro-Optic Fire Control Systems to the Indian Navy.
Signature Global:
Signature Global, a realty firm, reduced its net debt by 29% to Rs 720 crore in the October-December quarter, driven by strong pre-sales and customer collections.
Shipping Corporation of India:
The Shipping Corporation of India reported a 43.8% YoY drop in net profit, down to Rs 75.5 crore in Q3FY25 from Rs 134.4 crore last year.
Vedanta:
Vedanta received two orders totaling Rs 141.4 crore in penalties from the CGST & Central Excise, Rourkela Commissionerate.
Mahindra & Mahindra:
Mahindra & Mahindra’s net profit rose 19% to Rs 2,964 crore, driven by robust demand for SUVs and tractors. Revenue from operations grew 20% to Rs 30,538 crore.
Hitachi Energy India:
Hitachi Energy India received a Letter of Intent (LoI) from Rajasthan Part I Power Transmission Limited for a joint venture with BHEL to design and implement an HVDC link transmitting renewable energy from Bhadla III (Rajasthan) to Fatehpur (Uttar Pradesh).
HDFC Bank:
HDFC Bank raised its MCLR for the overnight tenure by 5 bps to 9.20%, despite the RBI cutting the repo rate by 25 bps to 6.25%.
Delhivery:
Delhivery reported a 113.68% YoY jump in net profit to Rs 25 crore for Q3, with revenue rising 8.4% YoY to Rs 2,378.3 crore. However, EBITDA declined 6.2% YoY to Rs 102.4 crore.
L&T Finance:
L&T Finance approved the acquisition of Paul Merchants Finance’s gold loan business for Rs 537 crore via a slump sale.
Waaree Energies:
Waaree Energies began operations at its 1.4 GW solar cell manufacturing facility in Gujarat.
ABFRL:
ABFRL entered into a pact with Fidelity to subscribe to 3.95 crore shares of the company.
Rail Vikas Nigam:
Rail Vikas Nigam emerged as the lowest bidder for a Rs 211 crore railway project.
Hyundai Motor India:
Hyundai Motor India launched new variants and feature upgrades for the EXTER and AURA models.
Tejas Networks:
Tejas Networks collaborated with NEC Corp. on 5G technology, investing Rs 525 crore over the next year.
Cipla:
Cipla’s manufacturing facility in Bengaluru’s Virgonagar received Voluntary Action Indicated (VAI) status from the USFDA.
Glenmark Pharmaceuticals:
Glenmark Pharmaceuticals received an order for Rs 121.25 crore in taxes, interest, and penalties from the CGST & CX in Maharashtra.
Alkem Laboratories:
Alkem Laboratories reported a 5% YoY increase in net profit to Rs 626 crore, with revenue from operations rising 1.5% YoY to Rs 3,374 crore.
Wockhardt:
Wockhardt reported a net profit of Rs 14 crore, recovering from an Rs 83 crore loss in the same period last year. Revenue from operations grew 3% to Rs 721 crore.
Fortis Healthcare:
Fortis Healthcare posted an 84% YoY increase in net profit to Rs 248 crore, with a 15% rise in revenue to Rs 1,928 crore.
NHPC:
NHPC reported a 47% drop in net profit to Rs 330.1 crore due to higher expenses.
VA Tech Wabag:
VA Tech Wabag reported an 11.6% YoY increase in net profit to Rs 70.2 crore, with revenue rising 15.1% YoY to Rs 811 crore.
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