Stocks to watch today: Results of the Reserve Bank of India (RBI) Monetary Policy Committee (MPC), foreign institutional investors (FIIs) and global markets will determine the direction of domestic markets on Friday (7 February). The Reserve Bank of India can reduce the benchmark repo rate by 25 basis points to 6.25 percent today. In the previous session, Sensex fell 213.12 points or 0.27% to close at 78,058.16. At the same time, Nifty50 also fell at 92.95 points or 0.39% to close at 23,603.35.
Q3 Results Today
Life Insurance Corporation of India (LIC), Mahindra & Mahindra, Majhgaon Dock Shipbuilders, Oil India, NHPC, Alchem Laboratories, Fortis Healthcare, Ola Electric Mobility, Gujarat State Petret, Akzo Nobel India, Balrampur Sugar Mills, Cholamandalam Financial Holdings, Delhiwari, Gujarat, Gujarat State Petronet and Akzo Nobel India will announce their December quarter results today.
Hero Motocorp: The two -wheeler manufacturer’s profit in Q3Fy25 increased by 1.3 percent to Rs 1,107.5 crore on an annual basis. Revenue also increased by 4.8 percent to Rs 10,259.8 crore during this period. Revenue declined by 2.1 percent on a quarterly basis, while the net profit increased by 4.1 percent.
SBI: Standalone net ex -fitted 84.3 per cent jumped to Rs 16,891.44 crore in the third quarter (Q3Fy25) of the country’s largest bank State Bank of India (SBI). SBI earned a profit of Rs 9,160 crore in the same quarter (Q3Fy24) of a year ago. SBI’s quarterly basis (QOQ) profit decreased by 7.8 per cent. In the second quarter (Q2FY25) of the current financial year, the bank earned a net provide of Rs 18,330 crore. SBI shares declined after the third quarter result. SBI’s stock was trading 1.76 per cent to Rs 752.6 at 2.15 pm. While this during this benchmark index Sensex was trading below 0.48 percent.
ITC Q3 Results: The FMCG company ITC, ranging from cigarette to soap, declined 7.27 percent to Rs 5,013.16 crore in the consolidated net profit in the third quarter of the current financial year. ITC said in the information given to the stock market that the company had an integrated net profit of Rs 5,406.52 crore in the same quarter of the last financial year.
Vakrangeee: The company has announced a strategic alliance with Tata AIG to offer general insurance products.
Airtel Q3: Bharti Airtel’s profit in the third quarter of the current financial year increased by five times to Rs 16,134.6 crore. He had a net profit of Rs 2,876.4 crore in the same quarter of the last financial year. The country’s second largest telecom company reported to the stock market that the company’s operational income was Rs 45,129.3 crore in the third quarter of the current financial year, which was Rs 37,899.5 crore in the same quarter of the previous financial year.
Max India: The company has approved investment of up to Rs 219 crore in full -owned subsidiaries.
Biocon: Ecuilium Inc. and the company have announced positive data from the study of Phase 2 evaluating Italizumab in patients with moderate to severe ulcerative colitis.
Bse: Indian Stock Exchange BSE reported that its profit in Q3Fy25 doubled on an annual basis to Rs 220 crore, compared to Rs 108.2 crore in the same quarter of the previous financial year. BSE recorded its highest quarter revenue of Rs 835.4 crore in Q3Fy25, which is 94 percent more than Rs 431.4 crore in the same period last year.
Indus towers: The company has agreed to acquire around 16,100 telecom towers from Bharti Airtel and Bharti Hexacom through recession sales, the estimated total cost of acquisition is Rs 3,310 crore, which is subject to concluding adjustment.