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Stocks to watch: Shares of firms like Vodafone Idea, Nykaa, Hindalco, Patanjali Foods, GAIL, and others will be in focus on Tuesday’s trade
Stocks To Watch
Stocks to Watch on February 11: The markets started the week on a weak note, losing nearly one percent, weighed down by unfavorable global cues and mixed earnings reports. Today, shares of Nykaa, Vodafone Idea, Apollo Hospitals, Hindalco, Lupin, and others will be in focus due to various news developments and third-quarter results.
Results on February 11: Companies like Vodafone Idea, Lupin, AstraZeneca Pharma, Birlasoft, and Berger Paints will announce their Q3 results today.
Eicher Motors: The company reported a 15.6% year-on-year (YoY) growth in consolidated net profit, rising to Rs 1,056 crore from Rs 913.73 crore.
Apollo Hospitals: The company posted a 51% YoY increase in its consolidated net profit, reaching Rs 372.3 crore for Q3FY25, while revenue grew 13.9% to Rs 5,526.9 crore.
Nykaa: The company reported a 51.3% YoY rise in net profit to Rs 26.41 crore for Q3FY25, up from Rs 17.45 crore in the previous year. Sequentially, the net profit increased 103.6% from Rs 12.97 crore in Q2FY25.
Grasim Industries: Aditya Birla Group’s flagship company saw a 40% decline in net profit for Q3FY25, dropping to Rs 899 crore from Rs 1,514.4 crore a year ago, though revenue increased by 8.8% to Rs 34,792.9 crore.
Bata India: The company saw a marginal increase of 1.2% in consolidated net profit, rising to Rs 58.7 crore, while revenue from operations grew 1.69% to Rs 918.79 crore.
Patanjali Foods: The company reported a 71% rise in Q3 profit to Rs 371 crore, up from Rs 217 crore a year ago.
Reliance Industries: RIL, through its subsidiary RISE Worldwide, will acquire a 49% stake in the London-based Oval Invincibles, a franchise in the ECB’s The Hundred.
Mahindra & Mahindra (M&M): M&M is strategizing to boost sales in international markets facing challenges.
Reliance Capital: IndusInd International Holdings Ltd. is set to acquire Reliance Capital by February 26 after the NCLT’s approval.
GAIL (India): The company plans to invest in a U.S. liquefied natural gas (LNG) plant or secure long-term U.S. LNG supply following the lifting of a ban on export permits.
Hudco: Housing & Urban Development Corporation raised Rs 2,910 crore through bonds maturing in 10 years at a cut-off of 7.29%.
Religare Enterprises: Chairperson Rashmi Saluja will not resign despite being voted out as a director in last week’s shareholders’ meeting.
Indian Hotels: The company will invest Rs 2,500 crore to add a new Taj property in Mumbai.
Berger Paints: The paint company reaffirmed its target of achieving Rs 20,000 crore in revenue by 2030 and declined to bid for Akzo Nobel’s paints business.
ONGC: State-owned ONGC signed an agreement with BP for collaboration in exploration and production, trading, and other energy sectors, both in India and globally.
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