Indian equity markets may see stock-specific action on February 2 as several companies across automobiles, infrastructure, mining, and financial services reported key January performance updates or corporate developments.
Auto and Tractor Stocks in Focus
SML Isuzu reported a strong month-on-month improvement, with total January sales rising 30% to 1,337 units compared with 1,025 units in December. The growth reflects improved demand traction compared to the previous month.
Escorts Kubota recorded a sharp year-on-year rise in tractor sales. Total January tractor volumes increased 46.9% to 9,799 units versus 6,669 units in the same month last year, indicating a strong base effect and seasonal demand.
Hyundai Motor India posted its highest-ever monthly sales. Total sales grew 11.5% year-on-year to 73,137 units in January, supported by steady domestic and export demand.
Tata Motors remained in focus across segments. In the passenger vehicle business, India sales rose 47% year-on-year, reflecting continued demand momentum. In the commercial vehicle segment, total sales increased 30%, while heavy commercial vehicle truck sales grew 41% year-on-year.
Mahindra & Mahindra reported a healthy start to calendar year 2026. Auto sales rose 24% year-on-year, while tractor sales jumped 47%, supported by strong rural demand trends.
VST Tillers Tractors saw a sharp rise in volumes, with total power tiller and tractor sales increasing 54% year-on-year to 5,257 units in January, compared with 3,416 units last year.
Eicher Motors reported total sales growth of 14% year-on-year. Motorcycles up to the 350cc segment registered an 18% increase, indicating stable demand in the mid-capacity segment.
TVS Motor Company posted strong January numbers, with total sales rising 29% year-on-year. Domestic sales increased 30%, while exports grew 21% during the month.
Ashok Leyland reported a 27% year-on-year rise in total January sales. Medium and heavy commercial vehicle truck sales were up 43%, while light commercial vehicle sales increased 32%.
Hero MotoCorp recorded total January sales of 5.57 lakh units, up 26% year-on-year compared with 4.42 lakh units in the same period last year.
Metals, Mining and Energy Updates
Coal India reported a mixed operational update. Coal production rose 2.6% year-on-year in January, while offtake declined 4.7% compared with the same period last year.
MOIL announced that its board has approved the formation of a joint venture with Madhya Pradesh State Mining Corporation for manganese ore mining, which may support future capacity development.
Steel Strips Wheels reported a 17% year-on-year increase in total January sales, while sales volumes rose 6% year-on-year.
EV, Financials and Policy-Linked Stocks
Ola Electric received government certification for its Shakti 5.2kWh battery, which uses 4,680 Bharat Cells. The certification is aligned with domestic battery manufacturing norms.
IDBI Bank remains in focus as the government’s disinvestment process has entered stage three. Bid clarity is expected before the end of FY26.
Quess Corp disclosed that it has received a final assessment order from the Income Tax Department, raising a demand of ₹160 crore.
