Stocks to watch: Nestle India, NTPC, HAL, Bharat Dynamics, MTNL and others

Stocks to watch today: Nestle India and Schaeffler India will release their third-quarter fiscal year (Q3FY23) earnings on Thursday, February 16.

Improved global sentiment following a stronger-than-anticipated January retail sales report from the United States is expected to drive local markets higher in Thursday’s session.

The SGX Nifty was trading at 18,066 points as of 7:30 a.m., up 43 points.


Global markets finished higher overnight after US retail sales increased by 3% in January, the largest increase since 2021. The Dow Jones, S&P 500, and NASDAQ Composite indexes all fell up to 0.9%.

Asia-Pacific markets surged in lockstep, with the Nikkei 225, Topix, Kospi, Kosdaq, and S&P 200 all increasing by up to 2%.

Meanwhile, these are the top stocks that are expected to trade on Thursday:

Earnings today: Nestle India and Schaeffler India will release their Q3FY23 earnings on Thursday, February 16.

Hero MotoCorp: In the medium- to long-term, Hero MotoCorp Chief Financial Officer Niranjan Gupta anticipates exports to contribute at least 10% of total income. At the moment, the percentage of international exports in the overall turnover pie is in the low single digits. In addition, the firm intends to expand its position in the domestic premium category over the next three to five years.

NTPC: The state-owned power company intends to obtain a term loan of Rs 6,213 crore in Japanese yen to fund capital expenditure on new and current projects. The firm has solicited proposals for a Japanese Yen loan, which will be funded by external commercial borrowing.

Hindustan Aeronautics: At Aero India, the firm signed a Transfer of Technology (ToT) agreement with CSIR-National Aerospace Laboratories for the design, manufacture, and commercialization of composite fin and rudder components for the Light Combat Aircraft (Tejas).

With this deal, the company will be able to directly fabricate composite parts for the LCA-Mk1A series.

MTNL’s consolidated loss increased to Rs 775.5 crore in Q3 FY23 from Rs 659.2 crore the previous year. Consolidated revenue from operations declined 25% in the third quarter, to Rs 227.41 crore from Rs 303.5 crore in Q3FY22.

Bharat Dynamics: During the ongoing Aero India 2023 show in Bengaluru, the business unveiled three new products. They introduced items such as the “vertical launched, short-range surface-to-air missile, or VL SR SAM,” the “semi-active laser seeker homing anti-tank guided missile for BMP-II,” and the “drone delivered missile.”

Bharat Electronics: The business secured a deal with Goa Shipyard to deliver cutting-edge goods such as autonomous boats and other artificial intelligence-based systems or solutions for naval platforms.

Patel Engineering: Patel Engineering and its joint venture partner have been designated the lowest bidder (L1) for projects worth Rs 1,567 crore in Madhya Pradesh and Maharashtra. The company’s portion of these new orders was Rs 1,006 crore.

PTC Industries: PTC Industries has signed a memorandum of understanding with Hindustan Aeronautics to investigate the potential for mutual cooperation and commercial growth in the indigenisation of aviation-grade raw materials, components, subsystems, and systems of Russian origin aircraft. According to the management, this deal will bring in technological excellence for the domestic production of crucial aeroengine parts and small engines.

Stocks in the F&O Ban: Ambuja Cements, BHEL, Indiabulls Housing Finance, and PNB were barred from trading on Thursday, February 16.