Stocks to Watch Today as Earnings, Orders, and Bulk Deals Drive Focus: Bajaj Finance, Aditya Birla Capital Among Others

The Indian stock market is likely to follow stock-specific actions on February 4, as the market is expected to see a busy earnings schedule, along with other corporate events. Many companies have declared their earnings on February 3, while others have won new orders, conducted bulk deals, or are listing their SMEs.

Bajaj Finance, Aditya Birla Capital, and other earnings movers

Bajaj Finance reported a 6% year-on-year decline in consolidated profit at ₹4,066 crore for the December quarter, compared with ₹4,308 crore a year earlier. Net interest income rose 21% to ₹11,317 crore from ₹9,382 crore. The company reported accelerated expected credit loss provisions of ₹1,406 crore and a labour code impact of ₹265 crore. Gross non-performing assets increased to 1.21% from 1.12%, while net NPAs eased marginally to 0.47% from 0.48%.

Aditya Birla Capital posted a 41% year-on-year rise in consolidated profit at ₹983 crore, while revenue increased 30% to ₹14,181 crore. The company’s total lending portfolio expanded 30% to ₹1.90 lakh crore during the quarter.

Nazara Technologies reported a 35.4% decline in consolidated profit at ₹8.8 crore, with revenue falling 24% to ₹406 crore. Other income dropped 48.3% to ₹11.3 crore from ₹21.9 crore in the corresponding quarter last year. Sheela Foam recorded a sharp 212.9% rise in consolidated profit to ₹52.57 crore, compared with ₹16.8 crore a year ago. Revenue increased 11.1% to ₹1,074.4 crore from ₹967.1 crore.

Pidilite Industries posted a 12% increase in consolidated profit at ₹623.84 crore, while revenue rose 10.1% to ₹3,709.9 crore. V2 Retail reported a 99.4% jump in profit to ₹102.06 crore, with revenue rising 57.2% to ₹929.2 crore.

NBCC India and IRFC in focus on order wins and agreements

NBCC India received construction orders worth ₹39.19 crore from the Institute of Cost Accountants of India and an additional order worth ₹232.13 crore from the Department of Fisheries, Uttarakhand, for the Namami Ganga Aquarium-cum-Discovery Learning Centre at Pashulok.

Indian Railway Finance Corporation entered into a tripartite memorandum of understanding with V.O. Chidambaranar Port Authority and Sagarmala Finance Corporation to explore structured financing for the Outer Harbour Project and other port-led and multimodal connectivity projects.

Bulk deals highlight Ramco Systems and other counters

In the bulk deals segment, Ramco Management, the promoter entity of Ramco Systems, acquired 10.2 lakh shares, representing a 2.7% stake, at ₹500.02 per share for ₹51 crore. HDFC Mutual Fund sold 9.74 lakh shares, or a 2.6% stake, at ₹499.2 per share for ₹48.65 crore. As of December 2025, HDFC AMC held a 5.45% stake in Ramco Systems.

Singularity Equity Fund I sold 6.21 lakh shares, or 0.73%, in Capacite Infraprojects at ₹227.39 per share for ₹14.12 crore. Pine Oak Global Fund acquired 1.5 crore shares, representing a 5.18% stake, in Vardhman Polytex at ₹6.9 per share for ₹10.35 crore and also bought 1 lakh shares of Candour Techtex at ₹149.45 per share for ₹1.49 crore.

SME listings and corporate action stocks in focus

Msafe Equipments, Accretion Nutraveda, and Kanishk Aluminium India are scheduled for listing on the SME platforms, keeping these counters in focus during the session.

Separately, several stocks are trading ex-dividend on February 4, including ITC, KPIT Technologies, Carborundum Universal, Coromandel International, and Indian Energy Exchange. Cube Highways Trust is trading ex-date for income distribution, while Sammaan Capital remains under the futures and options ban. With a combination of earnings, order flows, bulk deals, and other corporate actions, market players are expected to closely follow these stocks throughout the trading day.