Indian markets are likely to track stock-specific developments on February 12 (IST), with several companies reporting earnings, order wins, stake deals, and regulatory updates. Here is a detailed look at the key stocks in focus today.
Power Sector & Infrastructure
Power Grid Corporation of India
Power Grid has won a Maharashtra transmission project for the Pune region under the BOOT (Build, Own, Operate, Transfer) model. The development strengthens its order book in the transmission segment.
IRCON International
IRCON reported a 16% rise in net profit and a 30% increase in EBITDA at ₹158 crore versus ₹132 crore YoY.
Kernex Microsystems
Kernex Micro secured an order worth ₹411.17 crore from Banaras Locomotive Works.
Capacite Infraprojects
Revenue rose 14%, while EBITDA increased 20% to ₹108.2 crore versus ₹90.3 crore YoY.
Banking & Financials
Federal Bank
RBI has approved ICICI Prudential AMC to acquire up to 9.95% stake in the bank.
Max Financial Services
Q3 results were reported as healthy. However, RBI’s paper on product mis-selling remains in focus.
Consumer, Retail & FMCG
Lenskart
Lenskart posted strong Q3 earnings. EBITDA stood at ₹464 crore compared to ₹212 crore YoY.
Patanjali Foods
Revenue increased 17%, while the FMCG segment reported 39% revenue growth.
Orkla India
EBITDA rose 20%, with margin expanding to 16.2% from 14% YoY.
Yatra Online
EBITDA increased 68%, and margin improved to 8.8% versus 5.7% YoY.
Industrial & Manufacturing
Elgi Equipments
Net profit rose 18%, while EBITDA climbed 20.7% to ₹143.5 crore versus ₹118.9 crore YoY.
Kirloskar Oil Engines
Net profit surged 56%, with EBITDA up 31.3% at ₹331.5 crore versus ₹252.5 crore YoY.
NOCIL
EBITDA rose 9%, with margin at 8.5% compared to 7.7% YoY.
Hindalco Industries
Novelis FRP shipments declined 11% due to Oswego fires, while adjusted EBITDA fell 5%.
Chemicals & Pharma
Hikal
Revenue increased over 10%, and EBITDA rose 15% to ₹83 crore versus ₹72 crore YoY.
Neogen Chemicals
EBITDA declined 8% to ₹32 crore versus ₹35 crore YoY.
AstraZeneca Pharma India
EBITDA dropped 42%, with margin down 1,000 basis points YoY.
Concord Biotech
Revenue rose 14%, while EBITDA was largely flat at ₹99 crore versus ₹98 crore YoY.
Technology & Others
Protean eGov Technologies
EBITDA stood at ₹32 crore versus ₹15.5 crore YoY. Margin improved to 13.9% from 7.7%.
Netweb Technologies India
Promoters are likely to sell up to 3% stake via block deals worth ₹515 crore.
Black Box
Revenue rose 11%, while EBITDA increased 6% to ₹151 crore versus ₹143.2 crore YoY.
Auto & Capital Goods
Bharat Heavy Electricals Limited
The government will exercise the greenshoe option, with an indicative price of ₹256 per share.
Amara Raja Energy & Mobility
Earnings came in below estimates, with exports acting as a drag.
Jupiter Wagons
Profit declined 35%, while EBITDA slipped 22% YoY.
Textile & Consumer Durables
Himatsingka Seide
Profit fell 65%, and EBITDA declined 14.8% YoY.
LG Electronics India
Earnings were below estimates, with margin down 300 basis points 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. Author or Business Upturn is not liable for any losses arising from the use of this information.