Stocks to watch, February 17: Uno Minda, ABB India, Glenmark Pharma, BHEL, Hero MotoCorp, steel stocks, RVNL, and more

At 7:50 AM, the GIFT NIFTY futures were trading at 22,975 points, or 45 points, or 0.20%. This suggests that the NIFTY50 index will open 21 points lower.

Asian share markets were little changed and were looking for a direction amid the Wall Street holiday on Monday.

Godrej Properties acquires land outright and partners with landowners under new business development.

The company had a net profit of ₹45.68 crore in the year-ago period, according to a regulatory filing.

Its total income decreased to ₹153.81 crore against ₹165.30 crore in the October-December period under review.

The drug firm reported a net profit of ₹45 crore for the October-December quarter of the last fiscal.

Revenue from operations rose to ₹949 crore for the third quarter, as compared to ₹805 crore in the year-ago period, GlaxoSmithKline Pharmaceuticals said in a statement.

Mahendra Nahata, Managing Director of HFCL, during the company's recent investor call, said the firm had an order book of ₹10,000 crore as of December 31, 2024.

Net interest income (NII), which is the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors, dipped 0.5%, coming in at ₹480 crore against ₹482 crore in the corresponding quarter of FY24.

The branch will function as Bank of Maharashtra's first international branch, carrying out offshore banking operations from India.

Speaking on the development, BoM MD & CEO Nidhu Saxena said, "This is a significant opportunity for our bank as we continue to expand our operations across geographies. The opening of IBU in GIFT City will be yet another milestone in the bank's growth story."

Revenue fell 2.6% to ₹4,567.4 crore against ₹4,689.3 crore in the year-ago period.

Further, EBITDA (earnings before interest, tax, depreciation, and amortisation) was down 3.9% YoY to ₹239.4 crore in Q3FY25 over ₹249 crore. The EBITDA margin was largely flat at 5.2% compared to 5.3% in the corresponding period in the previous fiscal.

The company had reported a net profit of ₹542 crore for the October-December quarter of the last fiscal.

Total revenue from operations rose to ₹27,666 crore for the third quarter of this fiscal year, as compared to ₹25,644 crore in the year-ago period, Samvardhana Motherson International said in a regulatory filing.

The company announced in a statement that it will increase its share in UnoMinda EV Systems from 50.10% to 100%.

Uno Minda, through its subsidiaries, will also acquire the intellectual property rights and R&D assets relating to the e-drive business technologies from FRIWO's locations in Germany and Vietnam, it added.

The healthcare company has signed definitive agreements for the acquisition of Shrimann Hospital from Shriman Enterprises (a partnership firm) by way of a slump sale, FHL said in a statement.

The acquisition would be undertaken by FHL's wholly owned subsidiary Fortis Hospotel Limited (FHTL) and is subject to FHL shareholder approval.

The lender had earned a net profit of ₹75 crore in the same quarter a year ago.

The total income on a consolidated basis increased to ₹581 crore during the quarter under review against ₹497 crore in the same quarter last year, Northern Arc Capital Ltd said in a regulatory filing.

The drug firm reported a loss of ₹351 crore in the October-December quarter of the last fiscal.

Consolidated revenue stood at ₹3,388 crore in the third quarter as against ₹2,507 crore in the year-ago period, the Mumbai-based company said in a statement.

Under this contract, BHEL's scope of work includes design, engineering, manufacturing, supply, erection, and commissioning, along with civil works, a company statement said.

BHEL has secured an order from SCCL for setting up the 800 MW Adilabad supercritical thermal power project in Mancherial district, Telangana, on an EPC (Engineering, Procurement & Construction) basis.

The board of Mahindra Lifespaces Developrs has approved the fundraising of up to ₹1,500 crore through a rights issue to the eligible shareholders of the company.

The proceeds will be utilised to pare down the company's existing debt and support its future growth plans, according to a regulatory filing on February 13.

Mahindra Lifespace is the real estate and infrastructure development business of the Mahindra Group.

It had clocked a net loss of ₹421.17 crore in the year-ago period, the company said in an exchange filing.

The company's total income, however, rose to ₹5,129.07 crore from ₹4,717.09 crore in the same period a year ago.

Its expenses declined to ₹4,963.23 crore from ₹5,068.71 crore in the third quarter of the previous fiscal.

The company has decided to go ahead with the investment plan despite not having any order indication from its largest buyer, Indian Railways, Prakash said at a panel discussion at the Global Business Summit (GBS) in the national capital.

The chairman said such a kind of confidence is a result of the growth-oriented policies of the government.

The company, which reported a revenue of ₹10,260 crore for the December quarter, also anticipates a double-digit revenue growth in the current fiscal.

"This year, the guidance we have given is for double-digit revenue growth. Looking at our first nine months performance and looking at how this quarter (fourth) has started, we believe that there will be a repeat next year, a double-digit revenue growth," Anand said in an analyst call.

The Hyderabad-based drug maker commenced operations at the facility in the last week of November 2024 and is now ramping up production.

"The China plant will start billing sometime in April, mainly to the European markets," Subramanian told analysts in a call.

The Mumbai-based auto major claimed the booking number translates to a value of ₹8,472 crore (at ex-showroom price).

The company commenced bookings for the complete lineup of XEV 9e and BE 6 on Friday.