Stocks to watch, February 14: United Breweries, Cupid Ltd, Kalpataru Projects, IOC, Hindalco, RVNL, Religare Enterprises, and more

At 7:56 AM, the GIFT NIFTY futures were trading at 23,193.50 levels, down 9.50 points, or 0.04%. This suggests that the NIFTY50 index will open 85 points higher.

The equities will react following the meeting between US President Donald Trump and PM Narendra Modi.

India and the US have decided to take a big leap in broadening their strategic ties in several critical areas, with US President Donald Trump announcing after talks with Prime Minister Narendra Modi that Washington is paving the way to provide New Delhi with F-35 fighter jets as part of increasing military supplies by billions of dollars, said a PTI report.

It had reported a net profit of ₹2,331 crore in the October-December period of the preceding 2023-24 financial year, the company said in an exchange filing.

The company's total income rose to ₹58,899 crore from ₹53,088 crore in the year-ago period.

Its expenses were at ₹53,563 crore as against ₹49,761 crore in the December quarter.

The company's standalone profit before exceptional items and tax fell to ₹86.73 crore ($9.99 million) in the quarter ended December, compared to ₹116 crore a year ago.

The company had a consolidated net profit of ₹144.07 crore in the quarter ended December 31, 2023, the company said in a regulatory filing.

The total income of the company rose to ₹5,742.76 crore in the quarter under review, from ₹4,909.95 crore in the same period a year ago.

The board also approved the re-appointment of Manish Mohnot as the Managing Director & CEO of the company for a period of three years commencing from April 1, 2025, up to March 31, 2028 (both days inclusive), subject to approval of shareholders.

IOC signed a long-term deal to receive 1.2 million tonnes per year of LNG from the United Arab Emirates beginning in 2026 for 14 years.

"ADNOC Gas has signed a 14-year sales and purchase agreement with Indian Oil Corporation Ltd. (IOC) for the export of up to 1.2 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to India's largest integrated and diversified energy company, which will be supplied from the Das Island liquefaction facility," ADNOC Gas said in a statement.

The deal was signed on the sidelines of India Energy Week.

The exit of Saluja comes amid the Burmans' open offer bid to acquire an additional 26% stake in the company.

She ceases to be a non-independent director with effect from February 7, 2025, Religare Enterprises said in a regulatory filing.

This transaction represents the largest SACE-covered loan facility raised by an NBFC in India, reinforcing SFL's position as a leader in offshore fundraising and its ability to diversify funding sources strategically, according to a statement.

SACE is an Italian export credit agency controlled by the Ministry of Economy & Finance, Italy.

It reported a net profit of ₹11.11 crore in the October-December period of the preceding 2023-24 fiscal, the Kamdhenu Group company said in a regulatory filing.

The company's revenue from operations also rose by 13% to ₹175 crore from ₹155 crore in the year-ago period.

It had posted a profit of ₹29.52 crore in the year-ago period, according to a regulatory filing.

Revenue from operations for Q3 FY25 was ₹534.7 crore, a 66.8% climb from ₹320.4 crore in Q3 FY24.

Sequentially, profit fell 15.7%, while revenue rose 67.6%.

Nazara’s core gaming segment revenues grew by 53%, driven by acquisitions including Fusebox Games as well as strong performance by existing games such as Animal Jam, a company statement said.

The company, however, is in discussion with the DoT to pay the dues through equity.

"The aggregate payment made by the company for each of the spectrum auctions is greater than the pro-rated use of the spectrum other than for the 2015 auction, where there is a one-time partial shortfall and DoT has requested either to provide a bank guarantee of ₹60,907 million (₹6,090.7 crore) for one year or make a cash payment of ₹54,932 million (₹5,493.2 crore) by March 10, 2025," Vodafone Idea Non-Executive Director Himanshu Kapania said in a note.

The proceeds are earmarked to drive initiatives in women's empowerment, address territorial inequalities, and foster youth empowerment, according to a statement.

RBI, vide its letter dated February 13, 2025, has approved the re-appointment of R. Subramaniakumar as the MD & CEO of the bank for a further period of three years, with effect from June 23, 2025, to June 22, 2028.

The company posted a net profit of ₹138.97 crore a year ago, as per a BSE filing.

Total income rose to ₹760.76 crore during the quarter from ₹607.72 crore, it said.

According to the bulk deal data available on the BSE, TVS Motor Co purchased 67.10 lakh shares, amounting to a 1.52% stake in TVS Supply Chain Solutions.

The shares were acquired at an average price of ₹159.42 apiece, taking the transaction value to ₹106.97 crore.