Stock Market Today: All You Need To Know Going Into Trade On Feb. 4

Stock Market Today: All You Need To Know Going Into Trade On Feb. 4

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.The NSE Nifty 50 and BSE Sensex settled in losses on Monday as risk-off sentiment drove money out of the domestic markets on fears of potential trade wars in the wake of tariff impositions by the US. Larsen & Toubro Ltd. and Reliance Industries Ltd. share prices dragged the benchmark Nifty 50 the most.

The NSE Nifty 50 ended 121.10 points or 0.52% down at 23,361.05 and the BSE Sensex ended 319.22 points or 0.41% down at 77,186.74.

Foreign portfolio investors stayed net sellers of Indian equities for the 23rd straight session on Monday as they sold stocks worth approximately Rs 3,958.4 crore.

Domestic institutional investors were net buyers for the 34th consecutive session as they mopped up equities worth Rs 2,708.2 crore, according to provisional data from the National Stock Exchange.

Indian rupee depreciated 58 paise to close at 87.195 against the US Dollar.

Earnings Post-Market Hours

Power Grid Corp. Q3FY25 (Consolidiated, YoY)

  • Revenue down 2.75% at Rs 11233.03 crore vs Rs 11549.79 crore (Bloomberg estimate: Rs 11876 crore)

  • Ebitda down 6.61% at Rs 9537.98 crore vs Rs 10212.89 crore (Bloomberg estimate: Rs 10272 crore)

  • Margin at 84.91% vs 88.42% down 351 bps (Bloomberg estimate: 86.5%)

  • Net profit down 4.13% at Rs 3861.63 crore vs Rs 4028.25 crore (Bloomberg estimate: Rs 4031 crore)

Gateway Distriparks Q3FY25 (Consolidated, YoY)

  • Revenue up 2.4% At Rs 403 crore versus Rs 393 crore (Bloomberg estimate: Rs 400 crore)

  • Ebitda down 1% At Rs 96.7 crore versus Rs 97.7 crore (Bloomberg estimate: Rs 98 crore)

  • Margin at 24% versus 24.9% (Bloomberg estimate: 24.6%)

  • Net profit at Rs 455 crore versus Rs 63.3 crore (Bloomberg estimate: Rs 62 crore)

Premier Energies Q3FY25 (Consolidated, YoY)

  • Revenue up 2.4 times at Rs 1,713 crore versus Rs 712 crore

  • Ebidta up 4.2 times at Rs 513 crore versus Rs 123 crore

  • Margin at 29.9% versus 17.3%

  • Net profit up 5.9 times at Rs 255 crore versus Rs 43 crore

General Insurance Corp. (Consolidated, YoY)

  • Net profit up 16.6% at Rs 1,623 crore versus Rs 1,392 crore

  • Solvency ratio at 3.5% vs 3.4% (QoQ)

  • Gross NPA flat at 1.8% (QoQ)

  • Net premium income up 9% at Rs 8,478 crore versus Rs 7,780 crore

Indraprastha Medical Q3FY25 (Consolidated, YoY)

  • Revenue up 6% at Rs 325 crore versus Rs 306.5 crore

  • EBITDA up 10.3% at Rs 52 crore versus Rs 47 crore

  • Margin at 16.1% versus 15.4%

  • Net profit up 11.4% at Rs 32.8 crore versus Rs 29.4 crore

Gland Pharma Q3FY25 (Consolidated, YoY)

  • Revenue down 10.4% at Rs 1,384 crore versus Rs 1,545 crore (Bloomberg estimate: Rs 1577 crore)

  • Ebitda down 1% At Rs 360 crore versus Rs 356 crore (Bloomberg estimate: Rs 338 crore)

  • Margin at 26% versus 23.1% (Bloomberg estimate: 21.7%)

  • Net profit up 6.7% at Rs 205 crore versus Rs 192 crore (Bloomberg estimate: Rs 193 crore)

KEC International Q3FY25 (Consolidated, YoY)

  • Revenue up 6.8% at Rs 5,349 crore versus Rs 5,007 crore (Bloomberg estimate: Rs 5615 crore)

  • Ebitda up 21.6% at Rs 374.5 crore versus Rs 308 crore (Bloomberg estimate: Rs 399 crore)

  • Margin at 7% versus 6.1% (Bloomberg estimate: 7.1%)

  • Net profit up 33.7% at Rs 130 crore versus Rs 97 crore (Bloomberg estimate: Rs 162 crore)

HFCL Q3 (Cons, YoY)

  • Revenue down 1.9% At Rs 1012 crore versus Rs 1,032 crore

  • Ebitda up 30.1 % at Rs 152 crore versus Rs 117 crore

  • Margin at 15% versus 11.3%

  • Net profit down 10.4% at Rs 74 crore versus Rs 82 crore

Garden Reach Q3 (YoY)

  • Revenue up 37.7% at Rs 1,271 crore versus Rs 923 crore (Blomberg estimate: Rs 1324 crore)

  • Ebitda up 54.6% at Rs 75.3 crore versus Rs 48.7 crore (Bloomberg estimate: Rs 82 crore)

  • Margin at 5.9% versus 5.3% (Bloomberg estimate: 6.2%)

  • Net profit up 11.3% at Rs 98.2 crore versus Rs 88.3 crore (Bloomberg estimate: Rs 115 crore)

Welspun Enterprises Q3FY25 (Consolidated, YoY)

  • Revenue up 22.7% at Rs 868 crore versus Rs 707 crore Bloomberg (estimate: Rs 671 crore)

  • Ebitda up 1.5% at Rs 128 crore versus Rs 126 crore (Bloomberg estimate: Rs 107 crore)

  • Margin at 14.8% versus 17.9% (Bloomberg estimate: 16%)

  • Net profit down 13.4% at Rs 77.5 crore versus Rs 89.5 crore (Bloomberg estimate: Rs 91 crore)

Tata Chemicals Q3FY25 (Consolidated, YoY)

  • Revenue down 3.8% at Rs 3,590 crore versus Rs 3,730 crore (Bloomberg estimate: Rs 3803 crore)

  • Ebitda down 19.9% at Rs 434 crore versus Rs 542 crore (Bloomberg estimate: Rs 572 crore)

  • Margin at 12.1% versus 14.5% (Bloomberg estimate: 15%)

  • Net loss at Rs 53 crore versus profit of Rs 158 crore (Bloomberg rstimate: Rs 191 crore)

Doms Industries Q3FY25 (Consolidated, YoY)

  • Revenue up 34.84% at Rs 501.11 crore vs Rs 371.61 crore (Bloomberg estimate: Rs 479 crore)

  • Ebitda up 26.69% at Rs 87.86 crore vs Rs 69.35 crore (Bloomberg estimate: Rs 84 crore)

  • Margin at 17.53% vs 18.66% down 112 bps (Bloomberg estimate: 17.5%)

  • Net profit up 35.85% at Rs 50.73 crore versus Rs 37.34 crore (Bloomberg estimate: Rs 49.2 crore)

Religare Enterprises Q3FY25 (Consolidated, YoY)

  • Revenue up 10.2% at Rs 1,664 crore versus Rs 1,511 crore.

  • Ebitda loss at Rs 65.5 crore versus Ebitda of Rs 55.8 crore.

  • Net loss of Rs 43.1 crore versus loss of Rs 19.5 crore.

Paradeep Phosphates Q3FY25 (Consolidated, YoY)

  • Revenue up 58.2% at Rs 4,105 crore versus Rs 2,595 crore.

  • Ebitda up 19% at Rs 336 crore versus Rs 282 crore.

  • Margin at 8.2% versus 10.9%.

  • Net profit up 45.7% at Rs 159 crore versus Rs 109 crore.

NLC India Q3FY25 (YoY)

  • Revenue up 39.4% at Rs 4,411 Crore versus Rs 3,164 crore (Bloomberg estimate: Rs 3033 crore).

  • Ebitda at Rs 1,827 crore versus Rs 905 crore (Bloomberg estimate: Rs 657 crore).

  • Margin at 41.4% versus 28.6% (Bloomberg estimate: 21.7%).

  • Net profit at Rs 668 crore versus Rs 250 crore (Bloomberg estimate: Rs 244 crore).

Dredging Corp Q3FY25 (YoY)

  • Revenue up 22.2% at Rs 324 crore versus Rs 265 crore.

  • Ebitda down 24% at Rs 52.3 crore versus Rs 68.8 crore.

  • Margin at 16.1% versus 25.9%.

  • Net profit down 41% at Rs 16 crore versus Rs 27.2 crore. 

Thomas Cook (India) Q3FY25 (Consolidated, YoY)

  • Revenue up 8.9% at Rs 2,061 crore versus Rs 1,893 crore.

  • Ebitda flat at Rs 116 crore.

  • Margin At 5.6% Vs 6.1%.

  • Net profit down 39.9% at Rs 49.5 crore versus Rs 82.3 crore.

Castrol India Q3FY25 (YoY)

  • Revenue up 7.1% at Rs 1,354 crore versus Rs 1,264 crore (Bloomberg estimate: Rs 1353 crore).

  • Ebitda up 14.2% at Rs 376 crore versus Rs 329 crore  (Bloomberg estimate: Rs 303 crore).

  • Margin at 27.8% versus 26% (Bloomberg estimate: 22.4%).

  • Net profit up 12.2% at Rs 271 crore versus Rs 242 crore (Bloomberg estimate: Rs 223 crore).

Shalby Q3FY25 (Consolidated, YoY)

  • Revenue up 27.6% at Rs 276 crore versus Rs 216 crore (Bloomberg estimate: Rs 265 crore)

  • Ebitda down 20.1% at Rs 34 crore versus Rs 42 crore (Bloomberg estimate: Rs 49 crore)

  • Margin at 12.3% vs 19.6% (Bloomberg estimate: 18.6%)

  • Net loss at Rs 1.8 crore versus profit of Rs 19 crore (Bloomberg estimate: Rs 19 crore)

MM Forgings Q3FY25 (Consolidated, YoY)

  • Revenue down 6.3% at Rs 372 crore versus Rs 397 crore

  • Ebitda down 3.3% at Rs 71.5 crore versus Rs 73.9 crore

  • Margin at 19.2% versus 18.6%

  • Net profit down 20.7% at Rs 26.5 crore versus Rs 33.4 crore

Earnings To Watch

Nifty Fifty Earnings: Asian Paints, Titan

Other Earnings: Tata Power, Torrent Power, Lemon Tree Hotels, Azad Engineering, JK Tyre, Metropolis Healthcare, Mishra Dhatu Nigam, Thermax, Tilaknagar Industries, V Mart Retail, Whirlpool Of India, Zydus Wellness, PC Jeweller, Happiest Minds Technologies, Ajmera Realty & Infra India, Apollo Micro Systems, Automotive Axles, Bajaj Electricals, BASF India, Birla Corp, Ceigall India, Eris Lifesciences, Fine Organic Industries, Gandhar Oil Refinery (India), Godrej Properties, Hikal, Hindustan Oil Exploration, India Glycols, Infibeam Avenues, J.B. Chemicals & Pharmaceuticals, J Kumar Infraprojects, JSW Holdings, Kajaria Ceramics, Kirloskar Ferrous Industries, Global Health, Max Financial Services, Niva Bupa Health Insurance Co., Paisalo Digital, Quick Heal Technologies, Rattanindia Enterprises, Safari Industries (India), Shipping Corp of India Land and Assets, Sharda Motor Industries, Triveni Engineering & Industries

Stocks To Watch

  • Welspun Enterprises: The company approved the sale of 19% stake of Welassure to Rakshak Securitas.

  • Cipla: The company will invest 900 million South African Rand in equity share capital of wholly owned subsidiary Cipla Medpro South Africa Proprietary Ltd. The investment will be utilised to reduce inter-group debt and improve the capital structure of the subsidiary.

  • Ganesha Ecosphere: The company’s arm will set up a greenfield project of 67,500 tonnes per annum in Odisha. The arm plans to expand the capacity of Warangal plant from 42,000 TPA to 64,500 TPA.

  • HFCL: The company has decided to temporarily halt its planned Optical Fiber Cable manufacturing project in Poland. Instead, it will leverage its competitive advantage by serving European customers directly from its Indian manufacturing facilities.

  • Times Technoplast: The company received Rs 40.64 crore order for the supply of Type IV cylinders. The order is expected to be executed within one year.

  • Barbeque Nation: The company has entered into a pact to acquire up to 51% stake in Willow Gourmet at a consideration of Rs 17 crore. 

  • Vodafone Idea: The telecom operator gets a GST demand order worth Rs 24.01 lakh including penalty and interest by West Bengal Tax Authority

  • Mahanagar Gas: The company has invested in 43 lakh shares of International Battery Co., totaling Rs 35.35 crore. This investment has increased the company’s stake in the entity to 44%.

  • Samvardhana Motherson International: The company’s subsidiary, SMRC Automotive Holdings Netherlands B.V, has entered into a joint venture agreement with Hamakyorex Co. The newly incorporated JV, named SMGCL Co., will provide comprehensive logistics services. Motherson holds a 51% shareholding in this venture.

  • Sun Pharma: The company appointed Aalok Shanghvi as the chief operating officer.

  • NLC India: The company plans to invest up to Rs 1,110 crore in a joint venture with Rajasthan Rajya Vidyut Utpadan Nigam.

  • Central Bank of India: The bank entered into pact with Vastu Housing Finance Corp. to offer MSME loans.

  • Thomas Cook: The company has approved the proposal to acquire the hotel business of its subsidiary, Nature Trails Resorts, through a slump sale.

  • Praj Industries: The company has appointed Ashish Gaikwad as the managing director designate. He will succeed Shishir Joshipura, chief executive officer and managing director.

  • UltraTech Cement: The company has received an order from Additional Commissioner, CGST and Central Excise Commissionerate, Shimla worth Rs 3.5 crore. UltraTech is reviewing the order and will be contesting the demands.

  • SBI Life Insurance: The bank has received a GST demand order worth Rs 39.68 crore from the Mumbai Tax Authority.

  • IDBI Bank: The bank has received a GST order worth Rs 5.2 crore for the fiscal year 2018.

  • Godrej Properties: The company has acquired Pearlshine Home Developers as its wholly owned subsidiary.

  • Anand Rathi Wealth: The company has established a wholly-owned subsidiary in the United Kingdom named Anand Rathi Wealth UK Ltd.

  • IRCTC: The company received an order-in-original from assistant commissioner of CGST Delhi (South). The total demand stands at Rs 59.22 lakhs, but this demand is litigative and can be contested before authorities.

  • ABB: The company has received a GST demand order worth Rs 64.57 lakh including penalty.

  • Enviro Infra: The company has received a GST demand worth Rs 15.6 lakh including penalty.

  • General Insurance Corp.: The company’s board gave its approval to incorporate GIC Re, India Service Co., a wholly owned subsidiary in the UK. It will carry out insurance related activities and services.

  • Rallis India: The company has received the ‘Excellence in Business Responsibility and Sustainability Reporting – Small Cap, Manufacturing Sector’ award at the ICAI (Institute of Chartered Accountants of India) Sustainability Reporting Awards 2023-24.

Trading Tweaks

  • Stocks moving into short-term ASM framework: Aeroflex Industries, Baheti Recycling Industries, Cartrade Tech, Frog Cellsat, Silgo Retail, SMVD Poly Pack, Vaishali Pharma.

  • Stocks moving out of ASM framework: Dhruv Consultancy Services, Zenith Exports.

  • Price band change to 2% from 5%: Kore Digital, SVP Global Textiles

  • Price band change to 5% from 10%: Walchandnagar Industries

  • Price band change to 5% from 20%: Ideal Technoplast Industries

  • Price band change to 10% from 20%: Bajaj Healthcare, Pokarna

  • Price band change to 20% from 5%: Kabra Jewels

  • Stocks trading ex-dividend: Aarti Drugs, Aurionpro Solutions, Emami, KPIT Technologies, LT Foods, Orient Electric

  • Stocks trading ex-bonus: Redtape

F&O Cues

  • Nifty February futures up/down by 0.49% to 23,440 at a premium of 82.95 points.

  • Nifty February futures open interest down by 0.51%.

  • Nifty Options Feb Expiry: Maximum call open interest at 23,500 and maximum put open interest at 22,000

  • Securities in ban period: Nil

IPO Listing

Dr Agarwal’s Health Care: The company will list on BSE and NSE on Feb 4. The Rs 3,027-crore IPO was open for subscription from Jan 29 to Jan 31, 2025, at a price band between Rs 382 to Rs 402 per share. It consisted of a fresh issue of Rs 300 crore and an offer for sale totaling Rs 2,727.26 crore. It was subscribed 1.55 times on the final day with retail and non- institutional investor segments seeing subscription below 1 time. 

Who’s Meeting Whom?

  • Max Healthcare to meet Axis Capital on Feb. 12 and Citi on Feb. 13

Insider Trades:

  • TGV Sraac: Promoter Group Sree Rayalaseema Hi-Strength Hypo acquired 12,617 shares.

Money Market Update

The Indian rupee depreciated 58 paise to close at 87.195 against the US dollar on Monday as compared to 86.61 in the previous session.

After opening, the local currency fell 55 paise to 87.17 against the greenback before it further dropped by 65 paise during the day to a fresh record low of 87.26 against the dollar, according to Bloomberg data.

. Read more on Markets by NDTV Profit.

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