Kolkata: That the US is trimming tariffs from 50% to 18% will be the biggest news in the stock market today. There could be a general positive mood among the investors today. Moreover several stocks could be in focus due to results, significant deals and corporate updates. On Feb 2, the markets staged a recovery and Sensex rose by 943 points and closed at the level of 81,666. Nifty 50 climbed 262 points and ended the day at 25,088. Several prominent companies will also announce their Q3FY26 results today. Let’s have a closer look at the stocks.
Q3 results expected today
Several prominent companies will announce their Q3FY financial results today. These include Bajaj Finance, Adani Enterprises, Adani Ports and Special Economic Zone, One Mobikwik Systems, Aarti Drugs, Aditya Birla Capital, Dr Agarwal’s Health Care, Castrol India, Firstsource Solutions, HFCL, JK Lakshmi Cement, Kansai Nerolac Paints, Mankind Pharma, Nazara Technologies, NMDC, Pidilite Industries, Restaurant Brands Asia, Triveni Turbine, Trualt Bioenergy, Varun Beverages and Zydus Wellness.
Stocks in focus
PB Fintech: PB Fintech reported a strong performance in the third quarter. Profit increased 165% (year-on-year) to touch Rs 189.4 crore, compared to Rs 71.5 crore in the same quarter last year. Revenue increased 37.1% to Rs 1,771.2 crore, compared to Rs 1,291.6 crore previously.
Awfis Space Solutions: Awfis Space Solutions reported 42.7% increase in profit in the third quarter to Rs 217 million compared to Rs 152 million a year earlier. Revenue also rose 20.2% to Rs 381.8 million compared to Rs 317.7 million previously.
Thermax: Thermax reported strong results. Profit jumped 80.3% to Rs 205 crore compared to Rs 113.7 crore last year. Revenue rose 4.2% to Rs 2,634.7 crore .
Indus Towers: Indus Towers’ profit fell 55.6% to Rs 1,776 crore in the third quarter, compared to Rs 4,003.2 crore a year earlier. However, revenue rose 7.9% to Rs 8,146.3 crore. In the third quarter of last year, the company had made a provision of Rs 3,024.1 crore for doubtful receivables.
RailTel Corporation: RailTel’s profit fell 4% year-on-year to Rs 62.4 crore, compared to Rs 65 crore previously. However, the company’s revenue increased 19% to Rs 913.5 crore.
Olectra Greentech: Olectra Greentech reported a marginal increase in profit to Rs 46.4 crore from Rs 46.3 crore last year. Revenue rose 28.8% to Rs 663.6 crore .
Unichem Laboratories: The USFDA inspected the company’s Kolhapur API plant from January 27 to February 2. Following the inspection, five observations were issued, mostly related to processes and not data integrity. The company will respond within a stipulated 15-day period.
IRB Infrastructure Developers: IRB Infra has transferred its 100% stake in the VM7 Expressway project to IRB InvIT Fund for Rs 513 crore. The company’s consolidated debt is expected to be reduced by approximately Rs 700 crore following this transaction.
Zen Technologies: The board of Zen Technologies has appointed Hari Haran Chalat as the company’s new CFO. This appointment is effective January 31.
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