HDFC, Dabur India, Apollo Tyres, Tech Mahindra, and more: Top stocks to watch out for on Feb 2

SUMMARY

HDFC, Adani Green Energy, Dabur India, Apollo Tyres, Balrampur Chini Mills, Indian Overseas Bank, JK Lakshmi Cement, Tech Mahindra, Adani Ports are some of the stocks in focus today. SGX Nifty is trading at a premium of 113 points, indicating a gap-up opening for the Indian market, a day after the Union Budget 2022 was presented in the Parliament. Here are some of the top stocks to watch out for on Wednesday:

By CNBCTV18.COMFeb 2, 2022 7:38:37 AM IST (Published)

HDFC, Adani Green Energy, Dabur India, Apollo Tyres, Balrampur Chini Mills, Indian Overseas Bank, JK Lakshmi Cement, Jubilant FoodWorks, Mahindra & Mahindra Financial Services, Tata Consumer Products, Windlas Biotech, Zee Entertainment Enterprises, and Zydus Wellness | These companies are set to release their quarterly earnings today.

Tech Mahindra | The company reported a higher consolidated profit at Rs 1,378.2 crore in Q3FY22 against Rs 1,340.9 crore in Q2FY22, revenue rose to Rs 11,450.8 crore from Rs 10,881.3 crore QoQ.

Adani Ports and Special Economic Zone | The company on Tuesday reported a net profit of Rs 1,472.3 crore for the quarter ended December 2021, down 5.7 percent on a year-on-year basis.

Indian Hotels | The company reported its quarterly net profit at Rs. 76.01 crore in December 2021, up 163.94% from Rs. 118.88 crore in December 2020.

Supriya Lifescience | The company's officials will interact with analysts and investors today.

Windlas Biotech | The company concluded SAHPRA (South African Health Products Regulatory Authority) inspection audit report for the Plant-IV situated at Dehradun with zero critical observations/ deficiencies, zero major deficiencies and some minor deficiencies.

MMTC | The government approved Tata Steel Long Products as a strategic buyer for the privatisation of Neelachal Ispat Nigam, a joint venture of four CPSEs (MMTC, NMDC, BHEL, MECON) and two Odisha government PSUs (OMC and IPICOL).

VIP Industries | The company reported consolidated profit at Rs 33.47 crore in Q3FY22 against a loss of Rs 7 crore in Q3FY21, revenue rose to Rs 397.34 crore from Rs 232.53 crore YoY.

Laxmi Organic Industries | The company reported a higher consolidated profit at Rs 82.09 crore in Q3FY22 against Rs 45.21 crore in Q3FY21, revenue jumped to Rs 859.87 crore from Rs 435.5 crore YoY.

Anupam Rasayan | The company will acquire a 24.96 percent stake in Tanfac Industries Ltd (TIL) for Rs 148.14 crore from Birla Group Holdings and a few other promoter groups of TIL.