CNBC-TV18's top stocks to watch out for on February 12

SUMMARY

The Indian market is likely to open a little lower on Friday as the trend on SGX Nifty indicates a mildly negative start for the broader index in India. The Nifty futures were trading 20.00 points or 0.13 percent lower at the 15,177.00 level on the Singaporean Exchange at 7:00 am.

By CNBC-TV18Feb 12, 2021 7:28:16 AM IST (Published)

Aviation Stocks | DGCA has raised minimum and maximum fare by 10-30 percent across domestic sectors.

Sun Pharmaceutical Industries | The company and its senior officials, including MD Dilip Shanghvi settled a case with Sebi pertaining to an alleged violation of listing obligation and disclosure requirements norms. According to separate settlement orders, Sun Pharmaceutical paid over Rs 56.11 lakh towards settlement charges and Shanghvi paid Rs 62.35 lakh.

TCS | The company has strengthened its partnership with Snowflake, with the launch of a curated version of its TCS DAEzMo™ suite of solutions that enables businesses to accelerate their data landscape modernization and migration to Snowflake’s data cloud.

Infosys | The IT services major will invest an additional USD 1 million (about Rs 7.2 crore) in ideaForge Technology, a UAV systems manufacturing company.

ITC | The company’s Q3FY21 consolidated net profit fell 11.4 percent to Rs 3,587.09 crore from Rs 4,050.4 crore, while revenue rose 6.1 percent to Rs 14,124.48 crore from Rs 13,307.54 crore, YoY. Cigarette business revenue grew 2.5 percent YoY to Rs 6,091.17 crore. The company has declared an interim dividend of Rs 5 per share.

Ashok Leyland | The company posted a net loss of Rs 19.4 crore in Q3FY21 against a profit of Rs 27.7 crore in Q3FY20, revenue rose 20 percent to Rs 4,813.5 crore from Rs 4,015.6 crore, YoY.

Power Grid Corporation | The company’s net profit in Q3FY21 rose 26 percent to Rs 3,367.7 crore from Rs 2,672 crore, while revenue increased 8.3 percent to Rs 10,142.5 crore from Rs 9,364.4 crore, YoY.

RITES Ltd | The company has, in consortium, emerged as L-1 bidder for a General Consultancy order of Rs 61 crore from Haryana Rail Infrastructure Development Corporation Limited for their Haryana Orbital Rail Corridor.

ACC | The company’s Q3FY21 net profit rose 72.9 percent to Rs 472.4 crore from Rs 273.3 crore, while revenue increased 2.1 percent to Rs 4,144.7 crore from Rs 4,060.3 crore, YoY.

Oil India | The company’s Q3FY21 net profit rose 25.4 percent to Rs 889.69 crore from Rs 709.39 crore, while revenue fell 27.72 percent to Rs 2,137.34 crore from Rs 2,957.19 crore, YoY.

NHPC | The company’s Q3FY12 net profit rose 50 percent to Rs 961.64 from Rs 639.13 crore, while total income increased to Rs 2,610.69 crore from Rs 2,279.45 crore, YoY. The company declared an interim dividend of Rs 1.25 per equity share.

Karur Vysya Bank | The bank’s Q3FY21 net profit jumped 133 percent to Rs 35 crore from Rs 15 crore, while net interest income rose to Rs 584 crore from Rs 577 crore, YoY.

Prestige Estates Projects | The company reported sharply lower consolidated profit at Rs 87.8 crore in Q3FY21 against Rs 216.4 crore, while revenue fell to Rs 1,847.6 crore from Rs 2,680.9 crore, YoY.

Earnings Today | Grasim Industries, Bharat Forge, Motherson Sumi Systems, Glenmark Pharmaceuticals, Apollo Hospitals Enterprise, Bharat Dynamics, Dilip Buildcon, Embassy Office Parks REIT, Force Motors, Godrej Industries, Hindustan Aeronautics, Indiabulls Housing Finance, NALCO, Siemens, Sobha, Voltas, among others.