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Stocks to watch: Shares of firms like Titan, Tata Power, Power Grid, Nestle, BPCL, Asian Paints, and others will be in focus on Tuesday’s trade
Stocks To Watch
Stocks To Watch On February 4: Markets began the week on a weak note, influenced by global cues, and declined by over half a percent. In today’s trade, shares of Titan, Asian Paints, Power Grid, Nestle, Gland Pharma among others will be in focus due to various news developments and third quarter results.
Earnings Reports Today: Several companies are set to release their earnings for the December quarter today. Notable names on the list include Trent Ltd, Asian Paints, Godrej Properties, Happiest Minds Technologies, JK Tyre & Industries, Lemon Tree Hotels, Mishra Dhatu Nigam, PC Jeweller, Titan, Torrent Power, and Tata Power, among others.
Power Grid Corporation: Power Grid Corporation of India (Powergrid) reported a 4% decrease in its consolidated net profit, which fell to Rs 3,861.63 crore for the December 2024 quarter, compared to Rs 4,028.25 crore during the same period last year, according to the company’s exchange filing. The total income also dropped to Rs 11,743.06 crore from Rs 11,819.70 crore in the previous year’s October-December quarter.
Divi’s Labs: Divi’s Laboratories announced a 65% rise in profit after tax (PAT), reaching Rs 589 crore for the December quarter, driven by strong sales across various markets. The company had reported a PAT of Rs 358 crore for the same period last year. Revenue from operations surged to Rs 2,319 crore, up from Rs 1,855 crore in the year-ago quarter.
Tata Chemicals: Tata Chemicals reported a loss of Rs 53 crore for the December quarter, a sharp contrast to the Rs 158 crore profit it posted during the same quarter in the previous year. The loss was worse than the Rs 191 crore consensus estimate by analysts tracked by Bloomberg. The company’s revenue dropped by 3.8% to Rs 3,590 crore compared to Rs 3,730 crore in the same period last year.
Premier Energies: Premier Energies posted a net profit of Rs 255.2 crore for the December quarter (Q3 FY25), aided by a surge in other income to Rs 36 crore from Rs 2 crore last year, and a tax reversal of Rs 21 crore. Revenue increased by a significant 140.6% year-on-year to Rs 1,713 crore, while EBITDA surpassed Rs 500 crore, reaching Rs 513.7 crore, compared to Rs 123 crore in the previous year’s quarter.
Castrol India: Castrol India reported a 12% increase in its profit after tax (PAT), reaching Rs 271 crore for the December quarter, up from Rs 242 crore during the same period in 2023. The company’s revenue from operations grew by 7%, reaching Rs 1,354 crore for the quarter.
KEC International: Infrastructure company KEC International saw its net profit grow by 33.8% year-on-year to Rs 129.6 crore for the third quarter ending December 31, 2024. Revenue from operations rose by 6.8% to Rs 5,349.4 crore compared to Rs 5,006.7 crore in the previous year’s corresponding period. EBITDA also saw a 21.6% increase, reaching Rs 374.4 crore from Rs 307.9 crore last year.
Aditya Birla Capital: Aditya Birla Capital reported a consolidated net profit of Rs 708 crore for the third quarter, marking a 4% decline from Rs 735.78 crore in the same period last year. The company’s consolidated income from operations rose 9.09% to ₹9,381.35 crore during the October-December 2024 quarter, compared to Rs 8,398.94 crore in the previous year. Its consolidated revenue increased 10% year-on-year, reaching Rs 10,949 crore for Q3 FY25.
Nestle India: Nestle India, the packaged food giant, is considering bringing its global partnership with Starbucks Corporation to India. This collaboration would focus on developing and selling Starbucks’ ready-to-drink coffees in the retail market, outside of cafes.
BPCL: Bharat Petroleum Corporation Limited (BPCL) has raised its capital expenditure target for 2025-26 by 42% year-on-year, setting it at Rs 18,500 crore. This increase is aimed at expanding its refining and petrochemical capacity.
Central Bank of India: Central Bank of India has entered into a co-lending partnership with Vastu Housing Finance. Together, they plan to offer MSME loans at competitive interest rates.
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