The following stocks will be monitored on February 1st: Karnataka Bank, Godrej Agrovet, Hero MotoCorp, Aurobindo Pharma, UPL, Bandhan Bank, LIC Housing Finance, IRB Infrastructure Developers, Nuvama Wealth Management, Mahindra Lifespace Developers, Aster DM Healthcare, Sheela Foam, Triveni Turbine, and Relaxo Footwears.
Let’s review the most recent stock market news. Here’s a brief glance at the stocks that will be the focus of today’s trading, including big investments, transactions, order wins, quarterly earnings, and acquisitions:
Results Today
Quarterly Earnings
Oil and Natural Gas Corporation Q3 (Standalone QoQ)
Profit sinks 31.2% to Rs 8,239.9 crore Vs Rs 11,984 crore
Revenue falls 0.5% to Rs 33,716.8 crore Vs Rs 33,881 crore
ONGC declares interim dividend of Rs 5 per share
Sun Pharmaceutical Industries Q3 (Consolidated YoY)
Profit grows 15% to Rs 2,903.4 crore Vs Rs 2,523.8 crore
Revenue increases 10.5% to Rs 13,675.5 crore Vs Rs 12,380.7 crore
IndusInd Bank Q3 (Standalone YoY)
Profit plunges 39% to Rs 1,401.3 crore Vs Rs 2,297.9 crore
Net interest income falls 1.3% to Rs 5,228.1 crore Vs Rs 5,295.6 crore
Provisions and contingencies spike to Rs 1,743.6 crore Vs Rs 934.2 crore
Provisions and contingencies fall to Rs 1,743.6 crore Vs Rs 1,820.1 crore (QoQ)
Gross NPA rises to 2.25% Vs 2.11% (QoQ)
Net NPA increases to 0.68% Vs 0.64% (QoQ)
Bandhan Bank Q3 (Standalone YoY)
Profit tanks 41.8% to Rs 426.5 crore Vs Rs 732.7 crore
Net interest income grows 12.1% to Rs 2,830.3 crore Vs Rs 2,525.4 crore
Provisions and contingencies spike to Rs 1,376 crore Vs Rs 684 crore
Provisions and contingencies zoom to Rs 1,376 crore Vs Rs 606.2 crore (QoQ)
Gross NPA unchanged at 4.68% (QoQ)
Net NPA drops to 1.28% Vs 1.29% (QoQ)
LIC Housing Finance Q3 (YoY)
Profit grows 23% to Rs 1,432 crore Vs Rs 1,163 crore
Net interest income falls 5% to Rs 2,000 crore Vs Rs 2,097 crore
Vishal Mega Mart Q3 (Consolidated YoY)
Profit surges 28% to Rs 262.7 crore Vs Rs 205.4 crore
Revenue grows 19.5% to Rs 3,135.9 crore Vs Rs 2,623.6 crore
Poonawalla Fincorp Q3 (Standalone YoY)
Profit sinks 92.9% to Rs 18.7 crore Vs Rs 265.1 crore
Net interest income grows 22.2% to Rs 672 crore Vs Rs 550 crore
Impairment on financial instruments at Rs 347.9 crore Vs Rs (6.54) crore
IRB Infrastructure Developers Q3 (Consolidated YoY)
Profit zooms sharply to Rs 6,026.1 crore Vs Rs 187.4 crore
Revenue grows 2.9% to Rs 2,025.4 crore Vs Rs 1,968.5 crore
Exceptional gain stands at Rs 5,804.1 crore Vs Nil
Nuvama Wealth Management Q3 (Consolidated YoY)
Profit soars 43% to Rs 252.1 crore Vs Rs 176.3 crore
Revenue jumps 22.7% to Rs 1,031.8 crore Vs Rs 840.6 crore
Mahindra Lifespace Developers Q3 (Consolidated YoY)
Loss stands at Rs 22.5 crore Vs profit of Rs 50 crore
Revenue zooms 104% to Rs 167.3 crore Vs Rs 82 crore
Aster DM Healthcare Q3 (Consolidated YoY)
Profit sinks 68.3% to Rs 56.8 crore Vs Rs 179.2 crore
Revenue increases 10% to Rs 1,049.8 crore Vs Rs 954.7 crore
Sheela Foam Q3 (Consolidated YoY)
Profit plunges 39% to Rs 18.8 crore Vs Rs 30.8 crore
Revenue increases 10% to Rs 967.1 crore Vs Rs 878.9 crore
Triveni Turbine Q3 (Consolidated YoY)
Profit soars 35.5% to Rs 92.4 crore Vs Rs 68.2 crore
Revenue increases 16.6% to Rs 503.4 crore Vs Rs 431.7 crore
Pfizer Q3 (YoY)
Profit falls 1.8% to Rs 127.6 crore Vs Rs 130 crore
Revenue declines 0.4% to Rs 538 crore Vs Rs 540 crore
Relaxo Footwears Q3 (YoY)
Profit drops 14.4% to Rs 33 crore Vs Rs 38.6 crore
Revenue slips 6.4% to Rs 667 crore Vs Rs 712.7 crore
Karnataka Bank Q3 (Standalone YoY)
Profit falls 14.3% to Rs 283.6 crore Vs Rs 331 crore
Net interest income declines 4.2% to Rs 792.8 crore Vs Rs 827.6 crore
Gross NPA drops to 3.11% Vs 3.21% (QoQ)
Net NPA slips to 1.39% Vs 1.46% (QoQ)
Godrej Agrovet Q3 (Consolidated YoY)
Profit zooms 32.4% to Rs 110 crore Vs Rs 83 crore
Revenue rises 4.5% to Rs 2,449.6 crore Vs Rs 2,345.2 crore
Stocks To Watch
Tata Power
The company’s subsidiary, Tata Power Renewable Energy, has signed a Memorandum of Understanding (MoU) with the distribution companies (Discoms) of Rajasthan, including Jaipur Vidyut Vitran Nigam, Ajmer Vidyut Vitran Nigam, and Jodhpur Vidyut Vitran Nigam, to accelerate rooftop solar adoption across Rajasthan.
Hero MotoCorp
The Board has approved the appointment of Vikram Kasbekar, Executive Director, as the acting Chief Executive Officer (CEO) of the company, effective May 1, 2025. Niranjan Gupta has stepped down as the CEO of the company, effective April 30, 2025, to pursue other opportunities.
Aurobindo Pharma
The company’s subsidiary, CuraTeQ Biologics s.r.o., has received a positive opinion from the Committee for Medicinal Products for Human Use (CHMP) within the European Medicines Agency (EMA) for Dyrupeg, recommending the granting of a marketing authorization. The CHMP’s positive opinion is expected to translate into a formal decision of approval by the European Commission in April 2025. Dyrupeg is used to reduce the duration of neutropenia and the incidence of febrile neutropenia in adult patients treated with cytotoxic chemotherapy for malignancy.
Waaree Energies
The company’s subsidiary, Waaree Clean Energy Solutions, has received a Notification of Award from the Solar Energy Corporation of India for setting up a production facility of 90,000 MT per annum for green hydrogen in India.
UPL
Rajendra Darak has retired as Vice Chairman of the UPL Group after more than thirty-three years of service, effective January 31.
KPI Green Energy
The company and its wholly owned subsidiary, KPIG Energia, have successfully developed and commissioned a total of 40.16 MW of renewable power projects for esteemed clients under the captive power producer (CPP) segment.
Kaynes Technology
R Balasubramanian has resigned from the position of Deputy Chief Financial Officer of the company, effective January 30, due to personal reasons.
Nestle India
The company has added a new KitKat production line at its Sanand factory in Gujarat. The Rs 1,100 crore investment in the facility is part of the company’s Rs 5,800 crore capital expenditure in greenfield and brownfield projects between 2020-2025, to increase overall capacities to meet future demand. The company also manufactures KitKat at its Ponda factory in Goa.
Oil India
Oil Green Energy has been incorporated as a wholly owned subsidiary of Oil India.
Bulk Deals
Onesource Specialty Pharma
CPT Research & Mgmt Co T/A CPT World Investors, and Motilal Oswal Mutual Fund A/C Motilal Oswal Large and Midcap Fund bought a 1.9% stake in the company at an average price of Rs 1,545 per share. However, promoters Tenshi Pharmaceuticals, Pronomz Ventures, and investor Medella Holdings Pte sold a 6.78% stake.
