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Stocks to watch: Shares of firms like Power Grid, Divi’s Labs, ITC, Eicher Motors, Coal India, and others will be in focus on Monday’s trade
Stocks To Watch On February 3
Stocks To Watch On February 3: Markets experienced volatility during the special trading session for the Union Budget but ultimately ended flat. Today, shares of companies like Power Grid, Divi’s Labs, RIL, ITC, and Anant Raj will be in focus due to various news developments and third-quarter results.
Power Grid, Divi’s Labs, General Insurance Corp, Tata Chemicals
These companies will attract attention today as they are set to announce their quarterly results.
Eicher Motors
Exports of Royal Enfield motorcycles nearly doubled compared to last year, reaching 11,575 units. Overall sales volumes for Royal Enfield grew by 6%, reaching 7.27 lakh units, compared to 6.85 lakh units sold during the same period last year.
GR Infraprojects
GR Infraprojects reported a 7.8% year-on-year increase in net profit, reaching Rs 261.7 crore for Q3 FY25, up from Rs 242.7 crore in the same quarter last year. However, the company’s revenue from operations declined by 20.6% to Rs 1,694.5 crore, compared to Rs 2,134 crore in the corresponding period of the previous fiscal.
Hero MotoCorp
Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, sold 442,873 units in January 2025. Of these, 412,378 units were sold in the domestic market.
Anant Raj
Anant Raj reported a 55% increase in net profit for the quarter ended December 2024, with revenue from operations rising about 36% year-on-year.
RIL
Reliance Retail has launched the Chinese fast fashion label Shein this weekend, nearly five years after it was banned in India due to diplomatic tensions between India and China.
ITC, HUL, Dabur, Britannia, Marico
Shares of these companies will remain in focus on Monday after experiencing a rally during the special budget session.
Lupin
Lupin’s Somerset, New Jersey manufacturing facility received a clean report from the US FDA after a pre-approval inspection of Edaravone oral suspension, conducted between January 28 and February 1, 2025.
MOIL
MOIL produced 1.6 lakh tonnes of manganese ore, with sales of 1.57 lakh tonnes, reflecting a 17% year-on-year increase. The company also completed 11,099 metres of exploratory core drilling, marking a 10% rise over last year.
NMDC
NMDC saw a 12% increase in iron ore production in January, reaching 5.10 million tonnes, compared to 4.54 million tonnes a year earlier. However, sales fell slightly by 2% to 4.48 million tonnes, from 4.56 million tonnes in January 2024.
Coal India
Production for January declined by 0.8% to 77.8 million tonnes, though year-to-date production stands at 621 million tonnes, or 74% of the full-year target. Offtake rose by 2.2% to 68.6 million tonnes.
Aarti Industries
Aarti Industries reported a significant 63% year-on-year decline in net profit, which dropped to Rs 46 crore from Rs 124 crore in the same period last year. However, revenue increased by 6% to Rs 1,840 crore, compared to Rs 1,732 crore in the previous year’s quarter.
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