Positive Buzz

• Titan Company: Reported a stellar 61% year-on-year surge in consolidated net profit for Q3, driven by a 42% revenue growth in its jewelry segment amid strong festive demand.
• Grasim Industries: Posted a 28% jump in net profit to ₹2,233 crore, with revenue surging 25% to over ₹44,311 crore, aided by favorable operating leverage.
• Eicher Motors: Delivered a strong performance with a 21% YoY increase in consolidated net profit to ₹1,420 crore on the back of a 23% revenue rise.
• Britannia Industries: Net profit rose 17.14% to ₹682.14 crore for the December quarter, supported by a healthy 8.2% growth in revenue.
• MSCI Index Rebalancing: Aditya Birla Capital and L&T Finance have been added to the MSCI Global Standard Index, which is expected to trigger significant passive inflows. AU Small Finance Bank will also see an increase in its weightage.
• Dividend Heavyweights: Several stocks are trading ex-dividend today, including Cummins India (₹20/share), RVNL (₹1/share), and Uno Minda (₹0.90/share).
• Route Mobile: Consolidated net profit jumped 18.45% YoY to ₹97.70 crore in Q3, despite a marginal decline in operations revenue.

Neutral Developments

• BHEL (Bharat Heavy Electricals): The government is launching a 5% stake sale (3% base + 2% green shoe option) starting today, aiming to raise approximately ₹4,422 crore.
• Q3 Earnings Calendar: A massive lineup of over 330 companies will report today, including Mahindra & Mahindra, Divi’s Laboratories, Ashok Leyland, SJVN, Patanjali Foods, and Bayer CropScience.
• IPO Closures: The initial public offerings of Fractal Analytics and Aye Finance are scheduled to close for subscription today, February 11.
• Oil India: While the company reported a net profit dip, it declared a second interim dividend of ₹7 per share. It also approved a 50% divestment in its non-performing Russian asset (Licence-61).

Negative News

• Oil India: Reported an 11% decline in consolidated net profit to ₹1,195 crore for the December quarter, primarily due to lower realizations in the crude oil segment.
• Happiest Minds Technologies: Net profit declined nearly 20% YoY to ₹40.3 crore, significantly impacted by a one-time charge of ₹22 crore related to new Labour Code compliance.
• MSCI Exclusion: IRCTC has been excluded from the MSCI Global Standard Index, which may lead to potential selling pressure from passive funds.
• Margin Pressures: Broader market sentiment is being tested by rising payroll and compliance costs linked to the new labour codes, which are starting to pinch margins in the hospitality and industrial sectors.

TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex

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