Stocks to watch, February 10: Engineers India, L&T Finance, Gillette India, Bajaj Auto, Nykaa, Hitachi Energy India, BHEL, BEL, metal stocks, and more

At 7:53 AM, the GIFT NIFTY futures were trading at 23,562.50, up 74 points, or 0.32%. This suggests that the NIFTY50 index will open 53 points lower.

On the global front, Asian shares were volatile, and the US dollar edged higher after US President Donald Trump warned more tariffs were imminent, including on steel and aluminum, an inflationary move that could limit the scope for rate cuts.

MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1%, while Japan's Nikkei went flat. South Korea's main index fell 0.2%, led by losses in steelmakers. Chinese blue chips were little changed.

The order is for engineering, procurement, and construction (EPC) of a 200 MLD Independent Sewage Treatment Plant (ISTP), including connections to outfall delivery facilities, WABAG said in a statement on Sunday.

“Q3FY25 has been our best quarter in terms of profitability in the last four years. We have achieved the highest adjusted EBITDA for our consolidated business as well as the India multi-channel business in the last four years,” the company said in its investor presentation.

The company expects to get regulatory clearances towards the end of the ongoing quarter for its e-rickshaw that will enable it to enter the segment, which is about 45,000 units a month, Bajaj Auto Executive Director Rakesh Sharma told analysts.

Revenue from operations jumped 8.4% to ₹2,378.30 crore in the third quarter of FY25 as against ₹2,194.47 crore posted in Q3 FY24. Profit before tax was at ₹23.81 crore in the third quarter of FY25, up 1.6% from ₹23.44 crore posted in the same period a year ago.

The company had posted a profit of ₹623.28 crore in the year-ago period, a BSE filing showed.

Total expenses rose to ₹2,217.51 crore during the quarter from ₹1,733.01 a year earlier.

Total income increased marginally to ₹2,616.89 crore in the quarter from ₹2,549.69 crore logged in the same period a year ago.

Net profit was ₹1,221.80 crore in October-December 2024—the third quarter of the April 2024 to March 2025 fiscal year (FY25)—compared with ₹1,584.28 crore earnings a year back, according to a company statement.

The nation's second-largest state-owned oil and gas producer got $73.82 for every barrel of oil produced and sold against an $84.14 per barrel realisation in October-December 2023.

However, its net premium income fell 8.65% YoY to ₹1.07 lakh crore in contrast to the ₹1.17 lakh crore it had reported in the third quarter of the 2023-24 financial year (Q3 FY24).

The company’s solvency ratio rose to 2.02% in the December quarter of FY25 versus 1.93% in Q3 FY24.

This is an all-cash deal with a lump sum consideration of ₹537 crore along with certain adjustments to be done till closing, on a slump sale basis. The agreement is subject to necessary approvals and the fulfillment of all conditions precedent to closing. The business transfer is expected to close by the second quarter of the financial year 2025-26.