The GIFT Nifty is indicating a good start for the Indian equity markets on Friday. On the previous trading day, both the BSE Sensex and NSE Nifty 50 closed in the red, with the Sensex falling 213.12 points to 78,058.16 and the Nifty 50 declining 70.15 points to 23,626.15.
Stocks to watch on February 07, 2025
Earnings and Financial Updates
- TD Power: Reported a net profit of Rs. 44.9 crore compared to Rs. 30.0 crore last year. Revenue stood at Rs. 350 crore against Rs. 240 crore (YoY).
- GMM Pfaudler: Net profit increased to Rs. 41.5 crore from Rs. 28.9 crore. Revenue reached Rs. 1,260 crore versus Rs. 856 crore (YoY).
- Enviro Infra: Net profit stood at Rs. 36.7 crore, up from Rs. 17.4 crore. Revenue rose to Rs. 247 crore compared to Rs. 149 crore (YoY).
- ZF Commercial: Net profit reached Rs. 125 crore, compared to Rs. 101 crore. Revenue recorded at Rs. 962 crore against Rs. 898 crore (YoY).
- PGEL: Net profit at Rs. 40.1 crore versus Rs. 19.2 crore. Revenue surged to Rs. 968 crore from Rs. 532 crore (YoY).
- Websol: Reported a turnaround with a net profit of Rs. 48.1 crore from a previous loss of Rs. 107.0 crore. Revenue rose to Rs. 147 crore from Rs. 0.5 crore (YoY).
- Goodluck: Net profit of Rs. 41.2 crore compared to Rs. 31.7 crore. Revenue increased to Rs. 933 crore from Rs. 869 crore (YoY).
- Hero Motocorp: Net profit recorded at Rs. 1,202.8 crore versus expectations of Rs. 1,110.0 crore. Revenue stood at Rs. 10,211.0 crore compared to expectations of Rs. 10,135.0 crore.
- Bharti Airtel: Net profit reported at Rs. 14,781 crore, significantly above market expectations. Revenue at Rs. 45,129 crore exceeded estimates.
- Britannia: Net profit at Rs. 582.0 crore, surpassing expectations of Rs. 534.0 crore. Revenue reached Rs. 4,592.0 crore.
- Aadhar Housing: Net profit at Rs. 240 crore versus Rs. 200 crore. Revenue rose to Rs. 798 crore from Rs. 673 crore (YoY).
Corporate Announcements and Developments
- Dr. Reddy’s Laboratories: Entered a license agreement with Henlius for commercializing biosimilar Daratumumab in the US and Europe. Dr. Reddy’s Swiss subsidiary will pay up to $131.6 million.
- Petronet LNG: Signed definitive agreements with Deepak Phenolics Limited for the sale and purchase of propylene and hydrogen.
- Coastal Corporation: Announced a share split, with one equity share of Rs. 10 being split into five shares with a face value of Rs. 2 each.
- HG Infra Engineering: Declared as L1 Bidder for a project with a cost of Rs. 21.96 billion.
- Hero Motocorp: Announced a dividend of Rs. 100 per share, with a record date set for February 10.
- Deepak NTR: Executed agreements for the supply of propylene and hydrogen.
- Indus Towers: Acquired 16,100 telecom towers from Bharti Airtel.
- Zomato: Company board approved a name change from Zomato to Eternal
