Stocks To Watch, Feb 16: Manappuram Finance, IT stocks, Hindustan Copper, Ola Electric, IRB Infra, HUL, Kwality Wall's, Religare Enterprises

The statements and developments will be crucial for the IT sector and will influence investor sentiment going forward.

In a regulatory filing on Friday, the company stated that its consolidated net loss narrowed to ₹487 crore during the quarter under review, compared to a loss of ₹564 crore it logged in the third quarter of the 2024-25 fiscal year (Q3FY25).

Its consolidated revenue from operations stood at ₹470 crore in Q3FY26, reflecting a 55.02% YoY decline from ₹1,045 crore in the year-ago period. It posted total deliveries of 32,680 units in the third quarter ended December 31, 2025.

The firm posted a 96.5% year-on-year (YoY) decline in its consolidated net profit at ₹210.71 crore during the quarter under review, compared to ₹6,026.11 crore in the December quarter of the 2024-25 fiscal year (Q3FY25).

The company’s bottom line fell due to the implementation of the new labour code, as it recorded a one-time impact of ₹42.7 crore and added that the “new labour code resulted in a material increase in provision for employee benefits on account of recognition of past service costs.”

The stock of HUL started trading ex-ice cream business on December 5, 2025. With an entitlement ratio of 1:1, shareholders received one fully paid-up equity share of Kwality Wall’s for every one share of HUL they owned.

Many consumers who had earlier deferred purchases, being fence-sitters due to rising prices, have now shifted strategy, choosing to buy during dips rather than wait indefinitely, he said.

Signature Global Chairman Pradeep Aggarwal expressed confidence that the company will achieve the revised sales bookings target of ₹10,300 crore for the current fiscal.

He also highlighted that construction activities, which were affected in the December quarter due to a ban in view of high pollution levels, have accelerated now across its various projects in Gurugram and that the company expects a sharp increase in revenue recognition during the January-March period.

This is the first major restructuring announced by the company since Burmans took over REL in Feb 2025, the financial services firm said in a statement.

Under the proposed scheme of arrangement, REL will retain its stake in Care Health Insurance Ltd, which will continue as an insurance-focused entity, it said.

The financial services business -- comprising lending, broking, investment activities, and related support services -- will be transferred on a going-concern basis to its subsidiary Religare Finvest Ltd (RFL), it said.

Mumbai-based Lodha Developers Ltd is one of the leading real estate companies in the country. It sells properties under the Lodha brand.

In a regulatory filing on Saturday, the company said it has entered into a share purchase agreement to acquire a stake in Solidrise Realty Pvt Ltd (SRPL).

Lodha Developers will acquire an 80% equity stake in SRPL. The cost of acquisition is ₹294.07 crore.

SRPL will become a subsidiary of the Lodha Developers.

SRPL is in the real estate business in Pune, the filing said.

Last month, Lodha Developers reported a 1% increase in consolidated net profit to ₹956.9 crore in the third quarter of this fiscal year.

The company's Japanese parent, Kubota Corporation, has stated that it plans to turn India into its growth engine under its mid-term business plan for 2030, identifying business and projects from the country as one of the key aspects of the strategy.

"We are not exporting to the US right now. We think with this tariff thing coming in now, probably this will give us a good opportunity to look at opening up that market again," Escorts Kubota Ltd's whole-time director and CFO Bharat Madan told PTI.

He was responding to a query on the impact of the India-US interim trade deal.

The country's largest two-wheeler maker also expects to expand its presence in international markets and the parts and accessories business.

"While we take pride as a team in our volume leadership at Hero MotoCorp, we are all acutely aware of the opportunities that exist in some of the other categories, which are growing faster and where we are relatively under-represented," Chitale said in an analyst call.

"Hence, we see a big headroom for growth and market share expansion in categories like scooters, in premium motorcycles, in global markets, in EV, and also, above all, in the parts and accessories business because we are a company that has the biggest park size in the market," he added.

The RBI approval, communicated on February 13, 2026, is in connection with the definitive agreements executed on March 20, 2025, under which Bain Capital committed to invest approximately ₹4,385 crore to acquire an 18% stake on a fully diluted basis through preferential allotment of equity shares and warrants at a price of ₹236 per share, Manappuram Finance said in a statement.

It had reported a net profit of ₹12.45 crore in the October-December period of the preceding 2024-25 financial year, the company said in an exchange filing on Friday.

The company increased its total income to ₹175.59 crore from ₹172.65 crore in the third quarter a year ago.

In a statement, Kamdhenu Group CMD Satish Agarwal said, "During the period, we recorded our highest-ever profit before tax and PBT margin (16 per cent), supported by the growth in our franchise volumes and rapidly rising royalty incomes. Royalty income remains highly capital-efficient, allowing us to scale without incremental manufacturing investments."

The company had posted a net loss of ₹25.23 crore in the same quarter of the previous year, according to a regulatory filing on Friday.

Its total income rose to ₹301.4.8 crore during the October-December quarter of the 2025-26 fiscal from ₹274 crore in the year-ago period.

Expenses remained higher at ₹334.24 crore against ₹312.75 crore a year ago.

"The third quarter reflects steady operational progress across our Sugar, Power and Ethanol division, supported by strong on-ground execution during the crushing season," its Managing Director Athar Shahab said.

The company had clocked a net profit of ₹54.21 crore in the same quarter of the previous fiscal year, according to a regulatory filing.

Its total revenue rose 31.35% to ₹512.44 crore during the October-December quarter of the 2025-26 fiscal year from ₹390.14 crore in the year-ago period.

Expenses remained higher at ₹454.59 crore against ₹327 crore in the said period.

Anupam Rasayan Managing Director Anand Desai said the company has demonstrated continued growth momentum.

Southern Petrochemicals Industries Corporation: The company has reported a consolidated net profit after tax of ₹54.07 crore for the October-December 2025 quarter, the company said on Saturday.

The city-based agri-nutrient and fertiliser company had earned a net profit of ₹38.50 crore during the corresponding quarter of the last financial year.

Net profits after tax for the nine-month period ending December 31, 2025, surged to ₹182.01 crore, from ₹136.22 crore registered in the year-ago period, a company statement here said.

The total income from operations for the quarter under review fell to ₹778.39 crore, from ₹823.23 crore registered in the year-ago period.

The company, which operates Delhi, Hyderabad and a few other airports, had a profit after tax of ₹202.10 crore in the year-ago period.

In the latest December quarter, it registered one-time expenses totalling ₹183.12 crore, including ₹113.47 crore pertaining to the termination of the pact with Turkish entity Celebi and ₹69.65 crore relating to the impact of the new labour codes.

There was a one-time gain recorded by the company in the December quarter of 2024.

Speaking at a panel discussion on RERA reforms in the housing sector at the National Urban and Real Estate Development Conclave-2026 in Delhi, Chandra said the Real Estate Regulatory Authority (RERA) in J-K is in talks with multiple government agencies to facilitate approvals for several real estate projects in the Jammu and Srinagar regions, for which suitable land parcels are being identified.