Stocks to watch, February 7: Auto, banks, Mazagon Dock, Religare, M&M, Ola Electric, Bharti Airtel, ITC, Britannia, and more

The ongoing policy meeting commenced on Wednesday, February 5, and will conclude on Friday, February 7.

If done, this will be the first rate cut by the RBI after 11 consecutive decisions of maintaining the status quo on the repo rate.

The company had posted a consolidated net profit of ₹5,406.52 crore in the year-ago period, ITC said in a regulatory filing.

ITC's revenue from operations was up 9.05% to ₹20,349.96 crore in the December quarter from ₹18,660.37 crore in the last fiscal year.

The diversified conglomerate has also signed a definitive agreement to acquire a 100% stake in Prasuma, a leading brand in the frozen, chilled, and ready-to-cook foods segment, for a greater footprint in the ₹10,000 crore sector.

Besides, ITC's board on Thursday, February 6, approved an interim dividend of ₹6.50 per ordinary share of face value of ₹1 each for the financial year ending on March 31, 2025.

The dividend will be paid to entitled members between March 6 and March 8, 2025. The company has fixed February 12, 2025, as the record date.

The company had posted a net profit of ₹555.66 crore in the October-December quarter a year ago, according to a regulatory filing from Britannia Industries.

Revenue from operations rose by 7.9% to ₹4,592.62 crore in the December quarter compared to ₹4,256.33 crore in the corresponding quarter.

It posted a net profit of ₹108.2 crore in the same quarter of the preceding fiscal year, BSE said in a statement.

The exchange recorded its highest-ever quarterly revenue of ₹835.4 crore in the October-December quarter of the current financial year (FY25), a 94% jump from ₹431.4 crore in the same period of the preceding fiscal.

BSE witnessed an average daily turnover of ₹6,800 crore for the quarter under review compared to ₹6,643 crore a year ago.

The two-wheeler major reported a profit after tax (PAT) of ₹1,091 crore in the October-December quarter of last fiscal.

Revenue from operations rose to ₹10,260 crore in the third quarter against ₹9,788 crore in the year-ago period, the company said in a regulatory filing.

The company said its sales volume stood at 14.64 lakh units in the third quarter compared to 14.60 lakh units in the December quarter of last fiscal.

The company had posted a consolidated profit of ₹2,876.4 crore in the year-ago period.

India's second-largest telecom company posted quarterly revenue from operations of ₹45,129.3 crore, about 19% higher than the ₹37,899.5 crore it posted in the year-ago period.

Following the earnings announcement, SBI shares ended 1.58% lower at ₹753.95 apiece on the NSE.

The net interest income, or NII, of SBI in Q3 rose over 4% to ₹41,445.5 crore as compared to ₹31,815.7 crore in the quarter ended December 2023. On a sequential basis, the bank witnessed a marginal drop in NII from ₹41,620 crore in the preceding three months.

"The board of directors of the company... have approved the change in the name of the company from 'Zomato Limited' to 'Eternal Limited,'" the filing stated.