By Admin 
Stocks to watch today: On Wednesday, February 4, after many ups and downs, the benchmark indices of the Indian stock market closed with slight gains. Sensex closed at 83,817.69 with a rise of 78.56 points or 0.09 percent, while Nifty settled at 25776 with a gain of 48.45 points or 0.19 percent.
Today on Thursday, investors will keep an eye on those stocks whose quarterly results are about to come or those stocks which have made some important business related announcements or whose profits are increasing or which have many new projects or are making any preparations to raise funds, movement can be seen in such stocks. Let us take a look at the list of stocks in focus today:-
Quarterly results of these companies will come
Bharti Airtel, Hero MotoCorp, Tata Motors Passenger Vehicles, Life Insurance Corporation of India, Indian Oil Corporation, FSN E-Commerce Ventures Nykaa, Bharti Hexacom, Aditya Birla Fashion & Retail, Alembic Pharmaceuticals, Berger Paints India, Black Buck, Godrej Properties, Hindustan Copper, Max Healthcare Institute, Mazagon Dock Shipbuilders, NCC, Power Finance Corporation, Hitachi Energy India, PVR Inox, Physicswala, Rail Vikas Nigam, Suzlon Energy, Unichem Laboratories, Voltamp Transformers, and VA Tech Wabag will release their quarterly results today. In such a situation, movement can be seen in their shares.
Tata Power
The net profit of Tata Group giant Tata Power increased slightly to Rs 1,194 crore in the December quarter, which was earlier Rs 1,187 crore. However, there has been a decline of 9.4 percent in revenue, which has come to Rs 13,948 crore. EBITDA also fell by 9 percent to Rs 3,055 crore. The Mundra plant remained closed during this quarter, which impacted the results.
indigo
There may be movement in the shares of airline company Indigo today because the Competition Commission of India has ordered a detailed investigation against Indigo. This has happened due to operational problems due to large-scale canceled flights in December. IndiGo has more than 65 percent share in the domestic aviation market, while Air India and Akasa Air have increased their share to 29.6 percent and 5.2 percent respectively.
marico
Leading FMCG company Marico will buy 60 percent stake in wellness brand Cosmic Wellness for Rs 375 crore. This step will strengthen the company’s presence in the premium food and nutrition segment. The remaining stake will be purchased by FY29.
Trent
Tata Group’s retail company Trent recorded 14.8 percent revenue growth in Q3. During this period, EBITDA also increased by 27.6 percent to Rs 1,081.7 crore, which was much more than the expectations. Margin increased to 20.2 percent. The company said that the timing of the festive season and supply-chain problems have had an impact on revenue.
NSDL
The six-month lock-in period of National Securities Depository (NSDL) shares is about to end. With the removal of the lock-in period, 149.2 million shares of NSDL or 75 percent of the total shares will become free for trading. The closing price of these shares on Wednesday is Rs 14,875 crore.
Apollo Tires
Apollo Tires’ profit has increased by 39.6 percent in the December quarter. Due to this, profit increased from Rs 337 crore last year to Rs 470.5 crore. Revenue also jumped by 11.8 percent to Rs 7743 crore. EBITDA increased by 25.3 percent to Rs 1,185 crore, with margin increasing to 15.3 percent.
After heavy selling in the last session, technology stocks are expected to remain under pressure today. The AI automation tool launched by Anthropic on February 3 had upset investors. There was a fear in the mind that the ever-expanding scope of AI could become a challenge for big software and technology companies, which could impact their pricing power and future earnings.
Disclaimer: (The information provided here is being given for information only. It is important to note here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com It is never advised for anyone to invest any money here.)
Also read:
Adani Group companies are on the rise… every stock is trading higher after the trade deal with America.