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  5. Stocks to watch, February 5: Page Industries, Swiggy, Sula Vineyards, Titan, Tata Power, Torrent Power, Whirlpool India, and more

Market News

Stocks to watch, February 5: Page Industries, Swiggy, Sula Vineyards, Titan, Tata Power, Torrent Power, Whirlpool India, and more

Upstox
By Upstox News Desk

5 min read | Updated on February 05, 2025, 08:17 IST

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SUMMARY

Tata Power on Tuesday posted a 10% year-over-year rise in consolidated net profit to ₹1,188 crore in the quarter ended December 31, 2024, due to higher revenues. It had reported a ₹1,076 crore consolidated net profit in the quarter ended December 31, 2023, the company said in a statement.

Stock list

PAGEIND
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TORNTPHARM
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TORNTPOWER
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TATAPOWER
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SWIGGY
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SULA
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At 8:01 AM, the GIFT NIFTY futures were trading at 23,841.50 levels, down 22 points, or 0.09%.

At 8:01 AM, the GIFT NIFTY futures were trading at 23,841.50 levels, down 22 points, or 0.09%.

Stocks to watch: The domestic equity benchmark indices are expected to open in the green on Wednesday, February 5.

At 8:01 AM, the GIFT NIFTY futures were trading at 23,841.50 levels, down 22 points, or 0.09%. This implies that the NIFTY50 index will open 56 points higher.

On the global front, Asian stock markets were steady on Wednesday amid hopes US tariffs would not be as painful for the global economy as feared just a day ago, though Wall Street futures took a knock from a sharp drop in Alphabet shares as earnings disappointed.

In the overnight trade, the Dow Jones Industrial Average rose 134.13 points, or 0.30%, to 44,556.04, the S&P 500 gained 43.31 points, or 0.72%, to 6,037.88 and the Nasdaq Composite gained 262.06 points, or 1.35%, to 19,654.02.

Here is a list of stocks that are likely to be in focus today.
Earnings today: Page Industries, Swiggy, Sula Vineyards, Symphony, Solar Industries India, and Ramco Systems are among the companies that are slated to declare their December quarter results today.
Titan Company: On Tuesday, leading jewellery and watchmaker Titan Company reported a marginal decline in its consolidated net profit at ₹1,047 crore in the December quarter.

According to a regulatory filing from Titan, the company posted a net profit of ₹1,053 crore in the October-December quarter a year ago.

However, its sales rose 25.68% to ₹17,550 crore during the quarter under review. It was ₹13,963 crore for the corresponding quarter.

Total expenses of Titan increased 27.47% to ₹16,472 crore in the December quarter.

Its total income, which includes other income, in the December quarter was ₹17,868 crore, up 24.9%.

Tata Power: Tata Power on Tuesday posted a 10% on-year rise in consolidated net profit to ₹1,188 crore in the quarter ended December 31, 2024, on higher revenues.

It had reported a ₹1,076 crore consolidated net profit in the quarter ended December 31, 2023, the company said in a statement.

The company's total income also rose to ₹15,793 crore in the quarter under review, from ₹15,294 crore in the same period a year ago.

As of December, the company's operational capacity was 6.7 GW in the clean & green segment, generating more than 11,700 MUs of green power.

Another 10 GW of projects are under execution and are poised to take its total clean energy capacity to 16.7 GW.

Torrent Power: Torrent Power on Tuesday posted a nearly 31% rise in its consolidated net profit at ₹489.33 crore compared to a year ago, mainly on the back of higher revenues due to increased sales of electricity from gas-based plants and gains from the sale of non-current investments.

The company had a consolidated net profit of ₹374.13 crore in the quarter ended December 2023, Torrent Power said in a statement.

Total income rose to ₹6,671.25 crore in the reporting quarter from ₹6,419.65 crore in the same period a year ago.

JK Tyre: JK Tyre and Industries posted a 76.6% year-on-year (YoY) decline in its consolidated net profit at ₹51.5 crore for Q3FY25, owing to a rise in natural rubber price, while revenue from operations also fell by 0.38% to ₹3,673.6 crore.

Sequentially, revenue from operations grew by 1.4%, whereas the profit after tax (PAT) fell by 61.8%.

Birla Corporation: Birla Corporation Ltd on Tuesday said it has reported a 71.42% decline in net profit to Rs 31.19 crore in the December quarter, impacted by lower sales realisation of the cement business.

It had posted a net profit of ₹109.14 crore in the October-December period a year ago, according to a regulatory filing from Birla Corporation. The company's revenue from operations declined 2.32% to ₹2,256.65 crore during the December quarter. It was ₹2,310.44 crore in the corresponding period a year ago.

Max Financial Services: Max Financial Services Ltd (MFSL), the holding company of Axis Max Life Insurance Limited, on Tuesday reported a 59% fall in net profit to ₹70 crore in the third quarter ended December 2024.

The company had earned a consolidated net profit of Rs 171 crore in the year-ago period.

During the reporting quarter, policyholders' income from life insurance operations saw a decline to ₹8,809 crore as against ₹12,237 crore in the same quarter a year ago, MFSL said in a release.

Whirlpool of India: The company reported a 51% jump in third-quarter profit, on strong demand for its products during the festive season. The Indian unit of US-listed Whirlpool, which is cutting its stake by more than half to 20%, said profit jumped to ₹43.96 crore ($5 million) in the quarter from ₹28 crore a year earlier.

Revenue from operations rose 11% to ₹1,705 crore.

Metropolis Healthcare: The company reported a 15.4% year-on-year (YoY) increase in net profit at ₹31.4 crore for the third quarter that ended December 31, 2024, compared to ₹27.2 crore in Q3 FY24. Revenue from operations grew 11% to ₹322.8 crore against ₹291 crore in the corresponding period of the preceding fiscal.
RVNL: The PSU has received a letter of acceptance from East Coast Railway for “Koraput-Singapur Road Doubling Project: Execution of 27 Nos of Major Bridges i.e. (22 Nos of Major Bridges & 5 Nos of ROBs) and earthwork in the formation of approaches, protection works and other connected miscellaneous works between Tikiri and Bhalumaska stations in connection with Koraput-Singapur Road Doubling Project of Waltair Divison, East Coast Railway.”

The cost of the project is ₹404.4 crore.

(With inputs from PTI)
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