Indian benchmark indices Sensex and Nifty 50 are expected to open higher on February 6, tracking positive cues from GIFT Nifty, which traded around 23,801.5 earlier this morning.

On February 5, Indian markets closed lower, with the Sensex declining 0.4% (312 points) to settle at 78,271, and the Nifty 50 slipping 0.18% (43 points) to close at 23,696.30. Investor sentiment was cautious ahead of the Reserve Bank of India’s policy announcement on February 7.

Foreign institutional investors (FIIs) were net sellers, offloading equities worth Rs 1,682.83 crore, while domestic institutional investors (DIIs) bought equities worth Rs 996.28 crore.

Key Stocks to Watch Today

  1. UltraTech Cement: Commissions an additional 0.6 MTPA grinding capacity at West Bengal’s Sonar Bangla unit.
  2. Cummins India: Q3 results beat estimates, posting the highest-ever quarterly revenue.
  3. Swiggy: Mixed Q3, strong food delivery performance offset by higher investments and losses in quick commerce.
  4. Sagility: Constant currency revenue up 9%, and EBITDA improves 430 bps QoQ.
  5. Aarti Pharma Labs: Margins at 23.88% vs 21.40% last year, profit surges 39.6% YoY.
  6. Welspun Corp: Margins improve to 12% vs 11.6%, on track to surpass full-year EBITDA and ROCE guidance.
  7. Redington: Revenue growth at 7.3% and margin improves to 2.3% vs 1.8% QoQ.
  8. Azad Engineering: Signs deal with Rolls-Royce PLC, London, to produce civil aircraft engine components.
  9. CCL Products: EBITDA rises 12.1% YoY, while revenue increases 14.1% YoY.
  10. HG Infra: EBITDA jumps 25.7%, with margins improving to 22.7% vs 16.7% YoY.
  11. Medi Assist: EBITDA rises 17.4% YoY, margins expand to 21.4% vs 20.5% YoY.
  12. VRL Logistics: Strong EBITDA growth of 75%, with margins improving to 20.2% vs 12.8% YoY.
  13. Skipper: EBITDA surges 43.7% YoY, margin improves to 9.8% vs 9.6% YoY.

IT Sector Highlights

  • Cognizant: CY25 guidance falls short of estimates despite strong Q4 performance.

Additional Notable Stocks

  • Gujarat Gas: Mixed Q3 performance, operating numbers miss estimates but volume growth is within the guided range.
  • Kansai Nerolac: EBITDA down 3.7% YoY, margin at 12.2% vs 12.7% YoY.
  • Data Patterns: Misses estimates as revenue declines for the second consecutive quarter.
  • CMS Info: Revenue falls 6.9% QoQ, but profit rises 2.5% QoQ.
  • GE Vernova: Mixed Q3, with net profit surpassing estimates partly due to tax credits.
  • Sula Vineyards: EBITDA down 26.2% YoY, margin narrows to 26.5% vs 35.4% YoY.
  • Matrimony: Margins contract to 12.3% vs 14.1% YoY, and revenue drops 5% YoY.

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. Business Upturn is not liable for any losses arising from the use of this information.

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