Tech Mahindra, Tata Motors, Sun Pharma, DLF, and more: Top stocks to watch out for on Budget Day

SUMMARY

Tech Mahindra, Auto stocks, Tata Motors, DLF, Sun Pharma, Adani Ports and Special Economic Zone, Gujarat Ambuja Exports, Orient Cement, Indian Oil Corporation are some of the stocks in focus today. Finance Minister Nirmala Sitharaman will present the Union Budget 2022 at 11 am on February 1, 2022, in Parliament. SGX Nifty Futures indicates a gap-up opening for the Indian Markets today. Here are some of the top stocks on Budget Day:

By CNBCTV18.COMFeb 1, 2022 7:55:11 AM IST (Updated)

Tech Mahindra, Adani Ports and Special Economic Zone, Gujarat Ambuja Exports, IFB Industries, Indian Hotels, Kansai Nerolac Paints, Mangalore Chemicals & Fertilizers, Procter & Gamble Hygiene & Health Care, Poonawalla Fincorp | These companies are set to report their quarterly earnings today.

DLF | The company reported a lower than expected profit at Rs 379.5 crore in Q3FY22 against Rs 449 crore in Q3FY21, revenue increased to Rs 1,549.7 crore from Rs 1,543 crore YoY.

Sun Pharmaceutical Industries | The company on Monday reported a net profit of Rs 2,059 crore for the December quarter, an increase of 11.1 percent on a year-on-year basis. The quarterly net profit exceeded Street estimates by a wide margin.

Tata Motors | The company reported a consolidated net loss of Rs 1,516 crore for the October-December period, as against a net loss of Rs 2,906.5 crore for the corresponding period a year ago. The auto major's revenue decreased 4.5 percent on a year-on-year basis to Rs 72,229.3 crore.

Bharat Petroleum Corporation | The company reported consolidated profit at Rs 2,805 crore in Q3FY22 against Rs 1,900.63 crore in Q3FY21, revenue increased to Rs 1,17,702.6 crore from Rs 87,292.62 crore YoY.

Auto Stocks | Tata Motors, Bajaj Auto, Hero MotoCorp, Maruti Suzuki, TVS Motor Company, Ashok Leyland, Mahindra & Mahindra, Escorts, and Eicher Motors, will release their monthly sales numbers for January 2022.

Indian Oil Corporation | The company recorded a higher consolidated profit at Rs 6,143.08 crore in Q3FY22 against Rs 4,359.11 crore in Q3FY21, revenue jumped to Rs 1,99,375.30 crore from Rs 1,47,676.04 crore YoY.

Orient Cement | The company reported lower profit at Rs 43.6 crore in Q3FY22 against Rs 53.8 crore in Q3FY21, revenue rose to Rs 617.5 crore from Rs 604.6 crore YoY.

Hindustan Petroleum Corporation | The company reported lower consolidated profit at Rs 868.86 crore in Q3FY22 against Rs 2,354.64 crore in Q3FY21, revenue jumped to Rs 1,03,422.37 crore from Rs 77,412.68 crore YoY.

Edelweiss Financial Services | Subsidiary Edelweiss Tokio Life Insurance Company (ETLI) has alloted 20 crore equity shares to the company, in the rights issue. The shareholding of the company in ETLI has increased from 51 percent to 66 percent.