Indian equity markets are expected to see a negative opening on Monday as GIFT Nifty traded 173.50 points lower at 23,375 as of 7:48 AM.
Previously, on Saturday, the NSE Nifty 50 closed 26.25 points or 0.11% lower at 23,482.15, while the BSE Sensex edged up by 5.39 points or 0.01% to close at 77,505.96.
Stocks to Watch Today
- Anant Raj: Reported a net profit of Rs 110 crore, reflecting a 55% growth, with revenue at Rs 534 crore compared to Rs 392 crore year-on-year.
- Moil: Company’s production stood at 1.6 lakh tonnes of Manganese Ore, with sales up 17% YoY at 1.57 lakh tonnes.
- Lemon Tree: Signed a Concession Agreement with Meghalaya Tourism Development Corporation for the redevelopment, operation, and maintenance of Orchid Hotel in Shillong.
- Kirloskar Ferrous Industries: Announced that its 70 MW DC solar plant is now fully operational.
- Easy Trip Planners: Incorporated a wholly-owned subsidiary, Easy Trip Planners Do Brasil Ltda., in Brazil on January 30, 2025.
- International Conveyors: Announced the acquisition of Gulshan Polyols Limited.
- Eicher Motors: Reported a 20% increase in total sales for January, with year-to-date sales up 7% YoY.
- Globus Spirits: Rajasthan excise policy revised, increasing net selling value per unit across brands by 4.35% from April 1, 2025.
- Lupin: Received zero Form 483 observations for its USA plant.
- Neogen: Net profit surged to Rs 10 crore from Rs 1 crore, with revenue rising 22.5% to Rs 201.4 crore.
- Aarti Industries: Reported a net profit of Rs 46 crore compared to Rs 124 crore, with revenue at Rs 1,840 crore versus Rs 1,732 crore YoY.
- GR Infra: Net profit increased by 7.8% to Rs 261.7 crore compared to Rs 242.7 crore, while revenue declined by 20.6% to Rs 1,694.5 crore from Rs 2,134 crore YoY.
- Hero Motocorp: Total sales increased by 2% to 4.42 lakh units versus 4.33 lakh units YoY.
- Happiest Minds: Acquired Gavs’ Middle East business in a $1.7 million deal.
- Coal India: Coal production stood at 77.8 million tonnes compared to 78.4 million tonnes YoY.
- Maiden Forgings: Received a CRISIL BBB/Stable rating for its bank facilities totaling Rs 42.5 crore.
- Indian Bank: Announced a hike in lending rates by 5 basis points across most tenures, effective February 3, 2025.
- Nuvoco Vistas: Subsidiary received a demand order from the Joint Commissioner, Central Goods & Services Tax, West Bengal, over an input tax credit of Rs 4.74 crore.
- Auro Impex: Announced the resignation of Mr. Raghav Jhunjhunwala, Company Secretary, and Compliance Officer.
- TVS Holdings: Acquired an 80.74% stake in Home Credit India Finance Private Limited.
- Max Healthcare: Announced an investment of approximately Rs 50 crore in its wholly-owned subsidiary, Jaypee Healthcare Limited.
- Mishtann Foods: Announced the resignation of its Company Secretary & Compliance Officer.
- Mazagon Dock: Announced changes in senior management effective February 1, 2025. Cdr. D K Jain retired after superannuation, while Shri. A Vinod was promoted to ED (Technical).
- V-Guard: Subsidiary received three demand notices totaling approximately Rs 4.52 crore from West Bengal’s Commercial Taxes department.
- GICRE: Received a tax demand of Rs 138.46 crore from the Additional Commissioner CGST & Central Excise, Mumbai South Commissionerate.
- KEI Industry: Received a GST demand order for Rs 59.03 crore in tax, with an equal amount in penalties and interest from the Additional Commissioner, Central Goods and Services Tax, Delhi East.
- V.S.T. Tillers Tractors: Reported January 2025 sales of 3,416 total power tillers and tractors, compared to 4,146 in January 2024.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
