Bharti Airtel, Vedanta, IRCTC, Nykaa, Tata Power and more: Top stocks to watch out for on Feb 9

SUMMARY

Stocks to watch: Nykaa, Bharti Airtel, IRCTC, Vedanta, YES Bank, Tata Power and NMDC will be in focus today. SGX Nifty, an early indicator of Nifty50's performance in India, was up 0.2 percent at 17,286.5 hinting at a slightly higher start for Indian equities on Wednesday. Here are top stocks to watch out for on Feb 9:

By CNBCTV18.comFeb 9, 2022 7:13:15 AM IST (Published)

Abbott India, ACC, Berger Paints India, Bosch, GMR Infrastructure, HEG, FSN E-Commerce Ventures (Nykaa), Power Grid Corporation of India, Prestige Estates Projects, SAIL and Tata Power | These companies will detail their quarterly numbers today.

Bharti Airtel | The company reported a lower profit at Rs 829.6 crore in Q3FY22 against Rs 1,134 crore in Q2FY22, but revenue rose to Rs 29,866.6 crore from Rs 28,326.4 crore QoQ.

Bata India | The footwear company recorded a sharply higher profit at Rs 72.32 crore in Q3FY22 against Rs 26.4 crore in Q3FY21, while revenue surged to Rs 841.3 crore from Rs 615.6 crore YoY.

Vedanta | The company completed a reorganisation review and concluded that the current structure is optimal. It also announced the capital allocation policy.

Latent View Analytics | The company recorded a profit of Rs 49.92 crore in Q3FY22 against a profit of Rs 22.45 crore in Q3FY21. Revenue surged to Rs 107.75 crore from Rs 78.25 crore YoY.

Lupin | The company has received approval from US FDA for the Arformoterol Tartrate inhalation solution.

YES Bank | The capital-raising committee of the bank will meet on Friday to consider a proposal to seek the approval of investors for early redemption of certain Basel II- compliant lower tier-II and upper tier-II bonds.

Data Patterns (India) | The company clocked a profit of Rs 8.96 crore in Q3FY22 against a loss of Rs 4.4 crore in Q3FY21. Meanwhile, revenue nearly doubled to Rs 43.84 crore from Rs 22.41 crore YoY.

IRCTC | The company posted a sharp rise in net profit at Rs 208.8 crore in Q3FY22 against Rs 78.08 crore in Q3FY21, and revenue more than doubled to Rs 540.21 crore from Rs 224.37 crore YoY.

Jindal Steel & Power | The company posted a lower profit at Rs 1,621.68 crore in Q3FY22 against Rs 2,439.89 crore in Q3FY21, and revenue increased to Rs 12,524.86 crore from Rs 9,280.54 crore YoY.

NMDC | The company reported a higher-than-expected profit at Rs 2,049.8 crore but missed revenue expectations. Revenue came in at Rs 5,873.7 crore.