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  5. Stocks to watch, February 4: Premier Energies, PowerGrid, Titan, Asian Paints, Happiest Minds, Tata Power, Torrent Power, Castrol India, and more

Market News

Stocks to watch, February 4: Premier Energies, PowerGrid, Titan, Asian Paints, Happiest Minds, Tata Power, Torrent Power, Castrol India, and more

Upstox
By Upstox News Desk

5 min read | Updated on February 04, 2025, 08:24 IST

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SUMMARY

Power Grid Corporation of India reported a 4% decline in its consolidated net profit to ₹3,861.63 crore for the December 2024 quarter. It had posted ₹4,028.25 crore net profit in the year-ago quarter, the company said in an exchange filing.

Stock list

PREMIERENE
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POWERGRID
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TITAN
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HAPPSTMNDS
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TORNTPOWER
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At 7:28 AM, the GIFT NIFTY futures were trading at 23,534.50, up 15.50 points, or 0.07%.

At 7:28 AM, the GIFT NIFTY futures were trading at 23,534.50, up 15.50 points, or 0.07%. Image: Shutterstock

Stocks to watch: The domestic equity market is likely to open on a positive note on Tuesday, February 4.

At 7:28 AM, the GIFT NIFTY futures were trading at 23,534.50, up 15.50 points, or 0.07%. This implies that the NIFTY50 index will open 91 points higher.

On the global front, major stock indexes on Wall Street closed lower on Monday but were off the day's lows as US President Donald Trump delayed 25% tariffs on goods imported from Mexico and Canada.

The pause, scheduled for 30 days, came after multiple calls between Trump and Canada's Justin Trudeau and Mexico's Claudia Sheinbaum.

Canada will appoint a "fentanyl tsar", and Mexico will send 10,000 troops to the border as part of the deal with Trump.

However, a 10% tariff increase on imports from China is still scheduled to take effect from today, according to news reports.

Here is a list of stocks that are likely to be in focus today.
Earnings today: A host of companies are slated to release their December quarter earnings today. The list includes names such as Trent Ltd, Asian Paints, Godrej Properties, Happiest Minds Technologies, JK Tyre & Industries, Lemon Tree Hotels, Mishra Dhatu Nigam, PC Jeweller, Torrent Power, and Tata Power, among others.
Power Grid Corporation: Power Grid Corporation of India reported a 4% decline in its consolidated net profit to ₹3,861.63 crore for the December 2024 quarter.

It had posted ₹4,028.25 crore net profit in the year-ago quarter, the company said in an exchange filing.

The company's total income reduced to ₹11,743.06 crore from ₹11,819.70 crore in the October-December quarter of the preceding fiscal.

Divi's Labs: Drug firm Divi's Laboratories on Monday said its profit after tax (PAT) increased 65% to ₹589 crore for the December quarter, on the back of robust sales across markets.

The company reported a profit after tax (PAT) of ₹358 crore for the October-December quarter of the last fiscal.

Revenue from operations rose to ₹2,319 crore in the third quarter as against ₹1,855 crore in the year-ago period, Divi's Laboratories said in a regulatory filing.

Tata Chemicals: The company posted a loss of ₹53 crore for the quarter ended December, compared to a profit of ₹158 crore in the same quarter of the previous fiscal. The loss is against a ₹191 crore consensus estimate by analysts tracked by Bloomberg, reported NDTV Profit.

The company reported a revenue of ₹3,590 crore, representing a 3.8% fall for the quarter ended December 31, 2024, as compared to ₹3,730 crore for the same period last year.

Premier Energies: Premier Energies' net profit for the December quarter (Q3 FY25) stood at ₹255.2 crore, aided by a jump in other income to ₹36 crore from ₹2 crore last year and a tax reversal of ₹21 crore. The company's revenue increased by 140.6% from last year to ₹1,713 crore, while its earnings before interest, tax, depreciation, and amortisation (EBITDA) crossed the ₹500 crore mark, coming in at ₹513.7 crore.

Premier Energies had reported an EBITDA of ₹123 crore in the base quarter.

Castrol India: Lubes maker Castrol India Ltd on Monday reported a 12% increase in profit after tax (PAT) at ₹271 crore in the December quarter.

The company had posted a PAT of ₹242 crore in the October-December period of 2023, Castrol India said.

Castrol India follows the January-December period as its financial year.

Revenue from operations rose 7% to ₹1,354 crore for the reporting quarter, it said.

KEC International: The infrastructure company reported a 33.8% year-on-year (YoY) jump in net profit at ₹129.6 crore for the third quarter that ended December 31, 2024.

Its revenue from operations increased 6.8% to ₹5,349.4 crore as against ₹5,006.7 crore reported in the corresponding period of the preceding fiscal.

At the operating level, EBITDA increased 21.6% to ₹374.4 crore from ₹307.9 crore logged in the year-ago period.

Garden Reach Shipbuilders & Engineers: Garden Reach Shipbuilders & Engineers Ltd (GRSE) on Monday reported an 11% on-year rise in net profit to ₹98 crore for the quarter ended December 2024.

Revenue from operations for the quarter also grew 38% year-on-year to ₹1,271 crore, the company said in a statement.

Earnings before interest, tax, depreciation, and amortisation (EBITDA) stood at ₹147 crore in the quarter under review compared to ₹130 crore in the corresponding period a year ago, it said.

Earnings per share (EPS) for the December quarter was ₹8.57 compared to ₹7.70 in the year-earlier period.

Aditya Birla Capital: Aditya Birla Capital reported a consolidated net profit of ₹708 crore for the third quarter, marking a 4% decline from ₹735.78 crore in the same period last year. The company's consolidated income from operations rose by 9.09% to ₹9,381.35 crore during October-December 2024, compared to ₹8,398.94 crore in the previous year.

Additionally, its consolidated revenue grew 10% year-on-year to ₹10,949 crore in Q3 FY25.

(With PTI inputs)
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