Stocks To Watch, February 4: IT stocks, Bajaj Finance, Adani Enterprises, Bharat Coking Coal, Pidilite, Trent, Cummins India, Redington

This fear triggered heavier selling in software and cloud infrastructure stocks, especially those seen as vulnerable to AI competition.

The announcement comes a week after Adani Defence & Aerospace and Brazilian major Embraer announced a strategic collaboration that aims to set up a regional aircraft manufacturing facility in the country.

Adani Defence & Aerospace and Leonardo on Tuesday inked a Memorandum of Understanding for the partnership at an event in the national capital.

The partnership will target the Indian Armed Forces' requirements, particularly for Leonardo's advanced AW169M and AW109 TrekkerM helicopters.

"The collaboration will deliver phased indigenisation, robust maintenance, repair, and overhaul (MRO) capabilities, and comprehensive pilot training," a release said.

Adani Defence and Aerospace is a subsidiary of Adani Enterprises Ltd (AEL), which serves as the flagship company of the Adani Group.

The company had reported a net profit of ₹4,308 crore in the year-ago period.

Total income rose to ₹21,215 crore for the third quarter of the ongoing fiscal year from ₹18,058 crore in the year-ago period, Bajaj Finance said in a regulatory filing.

The consolidated assets under management improved to ₹4,88,477 crore at the end of December 2025 compared to ₹3,98,043 crore in the third quarter of last year.

Net interest income grew to ₹11,317 crore as against ₹9,382 crore in the third quarter of FY25.

The revenue from operations tanked 24% year-on-year to nearly ₹406 crore, as per a BSE filing.

The net profit for Q3FY26 stood at ₹8.84 crore, a 35.3% drop over the corresponding period of the previous fiscal year.

In its earnings release, the company said its board also approved an investment in nCore Games, developers of the made-in-India franchise 'FAU-G', as well as a primary capital infusion of up to ₹15 crore into Rusk Media, a mobile-first, IP-led entertainment platform for Gen-Z and Gen-A audiences.

The investments underscore Nazara's role in supporting the Indian gaming ecosystem, the company said.

"The consolidated PAT excluding exceptional items and share of results from JV (net of tax) stood at ₹1,043 million (₹104.3 crore) in Q3 FY26 versus ₹926 million (₹92.6 crore) in Q3 FY25 (up by 12.76% YoY)," the company said in a statement.

The board of directors of the company has approved payment of an interim dividend of ₹2.25 per equity share of ₹1 each for the financial year ending March 31, 2026.

The company posted a consolidated profit after tax of around ₹72 crore in the same period a year ago.

HFCL Managing Director Mahendra Nahata said that the reported third quarter was a period of focused execution for the company.

"We expanded our export footprint, continued capacity build-up, and advanced our defence portfolio, while consciously improving the quality and sustainability of our revenue mix. With a strong order book, improving industry dynamics, defence scale-up and growing global acceptance of our products, we remain confident of delivering sustainable growth, improving profitability and long-term value creation," he said.

The financial services arm of the diversified Aditya Birla Group had reported a net profit of ₹708 crore in the year-ago period.

On a standalone basis, the non-bank lender reported a 29% increase in profit after tax for the reporting quarter at ₹772 crore.

The company said it took an impact of ₹38 crore because of the implementation of the new labour codes, which restricted its reported profit growth.

The net interest income moved up to ₹2,113 crore from the year-ago period's ₹1,756 crore on the back of a 24% surge in the assets under management and a widening in the net interest margin, including fees, to 6.12% from 6%.

The company's PAT stood at ₹43.4 crore in the corresponding quarter of the previous fiscal year, Aether Industries said in a regulatory filing.

Revenue from operations increased by 44% to ₹317.1 crore during the quarter under review as compared to ₹219.7 crore in the same period of the previous year.

A total of 23.91 lakh renewable energy certificates (RECs) were traded during the month, down 37% year-on-year, the company said in an exchange filing.

The RECs were traded in the trading sessions held on January 14 and 28 at a clearing price of ₹339 and ₹333, respectively.

The next REC trading sessions at the exchange are scheduled on February 11 and 25.

The Day-Ahead Market (DAM) achieved 6,182 million units (MU) in volume in January as compared to 6,015 MU in the same month last year, an increase of 2.8% year-on-year (YoY).

The company, which announced its first quarterly results post its market debut last month, had reported a profit of ₹424.99 crore in the year-ago period.

BCCL, one of the largest coking coal producers in the country, reported a decline in income to ₹2,853.24 crore in the October-November period from ₹3,756.86 crore in the year-ago period, the company said in a filing to BSE.

The mini ratna company made a strong debut on the stock exchanges on January 19, 2026, with a premium of more than 95% on both the stock exchanges against the issue price of ₹23.

Speaking to reporters, its Managing Director and CEO Avik Roy said the company has entered into an exclusive arrangement with a European entity as part of its global export expansion strategy.

The details of the partner and the structure of the collaboration were not disclosed.

He said the company, which is a leader in battery usage in the forklift, material handling equipment, and high-end car segments in India, aims to focus on these spaces in Europe, though exports will be in private label.

Roy said the India-US trade deal, along with the India-EU trade agreement, is expected to lift exports' contribution to about 8-9% of its overall revenue by the next fiscal year.

The company had posted a net profit of ₹74.72 crore in the October-December period a year ago, according to a regulatory filing from JK Lakshmi Cement Ltd (JKLC), a flagship company of JK Organisation.

JKLC had exceptional items totalling ₹19.09 crore in the quarter on account of the implementation of the new labour codes.

It reported a profit before exceptional items and tax, which was at ₹94.26 crore, up 5.55%. This was at ₹89.30 crore in the corresponding period of the previous fiscal year.

The company had posted a profit of ₹557.08 crore in the third quarter last fiscal year, Pidilite Industries, manufacturer of adhesives, sealants and construction chemicals, said in a regulatory filing.

Revenue from operations stood at ₹3,709.91 crore as against ₹3,368.91 crore in the year-ago period, it added.

Total expenses in the quarter under review stood at ₹2,929.74 crore as against ₹2,672.48 crore a year ago, the company said.

The company had reported a net profit of ₹410.93 crore for the same quarter of the previous fiscal year, according to a regulatory filing.

Total income rose to ₹18,734.82 crore in October-December FY26 from ₹16,905.55 crore a year ago.

"Growth was primarily driven by healthy volume offtake in the edible oil segment," the company said, adding that the grammage play continues to be a key issue in the edible oil industry, with most players shifting to the 750g pack size.

Expenses rose over 12% to ₹18,345.56 crore in the quarter from ₹16,359 crore a year ago.

The framework agreement for multi-hotel development with Rajdarbar Group reflects the widespread potential for the Ginger brand across metros, state capitals, commercial centres, industrial townships, pilgrimage destinations, and leisure circuits, IHCL Executive Vice President, Real Estate & Development, Suma Venkatesh said in a statement.

The seven hotel sites will comprise a mix of greenfield and brownfield developments. This partnership commenced with the opening of the 59-key Ginger Gurugram, Palam Vihar, Haryana, the statement said.

He has resigned "as Managing Director of the Company with effect from the close of business hours on January 31, 2026," according to a regulatory filing by Ambuja Cement.

Kapur joined Ambuja Cements in 1993 and has spent more than 25 years in various strategic roles.

Between 2014 and 2019, he held the position of the company's CEO and Managing Director (MD). He most recently worked for Adani Ports and Special Economic Zone Ltd as CEO of Special Projects.

It had posted a net profit of ₹62.34 crore in the year-ago period, according to a regulatory filing from Saregama India, an RPSG Group company.

Saregama India had exceptional items totalling ₹6.98 crore in the December quarter on account of the implementation of the new labour codes.

It reported a profit before exceptional items and tax, which was at ₹76.50 crore. This was at ₹84.45 crore in the corresponding period of the previous fiscal year.

The company reported a profit after tax (PAT) of ₹378 crore in the October-December period last year.

Revenue from operations increased to ₹3,567 crore during the quarter under review as against ₹3,199 crore in the year-ago period, Mankind Pharma said in a statement.

"We remain confident of delivering long-term sustainable growth anchored by four key pillars -- steady base business, fast-growing speciality chronic, high-potential OTC business, and super speciality BSV portfolio," Vice Chairman & Managing Director Rajeev Juneja stated.