🇮🇳 India Daybook: BHEL Stake Sale Launches; Titan & Eicher Motors Surge on Strong Q3

📍 DISINVESTMENT & STAKE SALE

• BHEL: The Government of India has launched an Offer for Sale (OFS) to divest a 5% stake (3% base + 2% greenshoe option) in Bharat Heavy Electricals Ltd. The floor price is set at ₹254 per share, representing an 8% discount to the previous closing price. The OFS opens for non-retail investors today, February 11, and for retail investors on February 12.

📍 QUARTERLY RESULTS

• Titan Company: Reported a massive 61% year-on-year surge in consolidated net profit to ₹1,684 crore for Q3 FY26. Revenue grew 43% to ₹25,416 crore, led by a 42% revenue jump in its jewelry segment.
• Eicher Motors: Posted a 21% increase in consolidated net profit to ₹1,421 crore. The board has also approved a capacity expansion for Royal Enfield, aiming to increase total capacity to 20 lakh units per year.
• Britannia Industries: Net profit rose 17.14% to ₹682.14 crore for the December quarter, with revenue from operations climbing 8.2% to ₹4,969.8 crore.
• BSE Ltd: Delivered a stellar performance with a 174% jump in consolidated net profit to ₹601.8 crore, while revenue rose 62% to ₹1,244 crore.
• Grasim Industries: Reported a 26.5% rise in profit to ₹1,037 crore, supported by strong revenue growth of 25.3%.
• Oil India: Net profit declined 34% to ₹808.3 crore. However, the board declared a second interim dividend of ₹7 per share and approved the divestment of its 50% stake in the non-producing 'Licence-61' asset in Russia.
• Happiest Minds Technologies: Net profit fell 20% to ₹40.3 crore, primarily due to a one-time ₹22 crore charge related to the implementation of new Labour Codes.

📍 ACQUISITION

• Adani Enterprises: Completed the acquisition of a 51% stake in DP Jain TOT Toll Roads for approximately ₹1,342 crore. The acquired entity holds the concession for a key stretch of National Highway-27 in Gujarat.
• Gravita India: Signed a binding agreement to acquire 100% of Rasthriya Metal Industries for ₹565 crore to bolster its recycling and manufacturing footprint.
• Force Motors: Finalized the 100% acquisition of Veera Tanneries for ₹175 crore to enhance backward integration.

📍 ORDER WIN

• Bharat Forge: Its subsidiary, Kalyani Strategic Systems, bagged two export orders worth ₹850 crore from friendly countries for the supply of components and armored vehicle chassis.
• RailTel Corporation: Secured a project worth ₹454.94 crore from West Central Railway for signaling and telecommunication works.

📍 EARNINGS TODAY

• Major Earnings Scheduled: Mahindra & Mahindra, Divi's Laboratories, Ashok Leyland, Patanjali Foods, SJVN, Max Financial Services, AstraZeneca Pharma, and Amara Raja Energy & Mobility are set to report their Q3 results today, February 11.

📍 STOCKS IN FOCUS

• Bharti Airtel: In focus as latest telecom data shows the company leading in net subscriber additions, surpassing Reliance Jio.
• NTPC Green Energy: Declared commercial operations for its 14.43 MW Khavda-I Solar PV project, taking total installed capacity to 8,827 MW.

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