Stocks To Watch On February 6 As Earnings, RBI Nod And Capacity Expansions Drive Action

Indian equity markets will track multiple stocks on February 6 after companies reported quarterly earnings, announced regulatory approvals, capacity additions and bulk transactions, according to company filings, stock exchange disclosures and regulatory statements.

Key Earnings Announcements

Bharti Airtel reported a 55% year-on-year decline in consolidated profit to ₹6,630.5 crore for the December quarter, compared with ₹14,760.7 crore a year earlier, according to its stock exchange filing. Consolidated revenue rose 15.2% to ₹53,981.6 crore from ₹46,878 crore, while EBITDA increased 7.2% to ₹31,143.6 crore. EBITDA margin declined to 57.7% from 62%. The company reported an exceptional loss of ₹256.8 crore versus an exceptional gain of ₹7,545.6 crore last year.

FSN E-Commerce Ventures (Nykaa) posted a 142.4% rise in consolidated profit to ₹63.3 crore, while revenue grew 26.7% to ₹2,873.3 crore, according to exchange data.

Hero MotoCorp reported a 12.1% rise in standalone profit at ₹1,348.6 crore, with revenue increasing 20.7% to ₹12,328.4 crore. The company reported a labour code-related impact of ₹119 crore.

Tata Motors Passenger Vehicles posted a standalone loss of ₹233 crore, compared with a profit of ₹1,471 crore a year earlier, despite revenue rising 25.8% to ₹15,268 crore. The company reported an exceptional loss of ₹622 crore, according to its filing.

Bharti Hexacom reported an 81.6% jump in profit to ₹473.7 crore, while revenue rose 4.8% to ₹2,359.8 crore. Kaynes Technology posted a 15.3% rise in profit at ₹76.6 crore and revenue growth of 21.6% to ₹804 crore. VA Tech Wabag reported a 30.6% increase in profit to ₹91.7 crore, with revenue up 18.5% to ₹961.3 crore.

Regulatory And Corporate Developments

Federal Bank is in focus after the Reserve Bank of India approved Asia II TopCo XIII Pte to acquire up to 9.99% of the bank’s paid-up share capital or voting rights, according to an RBI disclosure.

UltraTech Cement announced the commissioning of an additional 2.7 mtpa grinding capacity at its Aligarh unit in Uttar Pradesh, taking the unit’s total capacity to 4.0 mtpa. The company’s total domestic grey cement capacity now stands at 191.36 mtpa, while global capacity has increased to 196.76 mtpa, as per its exchange filing.

Bulk Deals And Other Updates

CarTrade Tech saw Oaklane Capital Management LLP acquire 3.8 lakh shares, or a 0.79% stake, at ₹2,232.93 per share, amounting to ₹84.85 crore, while Mobius Investment Trust Plc sold 2.42 lakh shares at ₹2,176.59 per share, according to NSE bulk deal data. Several companies including Tata Steel, Shree Cement, Siemens, Bosch, BEML and MRF are scheduled to announce quarterly earnings on February 6, while State Bank of India and others will report results on February 7, as per exchange schedules.