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Stocks to watch: Shares of firms like Hindalco, SJVN, Honasa Consumer, ICICI Bank, Bharat Forge, and others will be in focus on Thursday’s trade
Stocks to watch on February 13
Stocks To Watch On February 13: Indian markets remained volatile after five consecutive days of decline, ultimately ending flat amid mixed global cues. Today, shares of Hindalco, SJVN, Honasa Consumer, ICICI Bank, Tata Power, and others will be in focus due to various news developments and third-quarter results.
Hindalco, SJVN
Shares of Hindalco and SJVN will be closely watched as the companies are set to announce their third-quarter earnings later today.
Godrej Industries
The company reported a 77% rise in consolidated net profit, reaching Rs 188 crore compared to Rs 106 crore a year ago.
IIFL Finance
In Q3, the company’s net profit dropped significantly to Rs 40.7 crore, a 92% year-on-year (YoY) decline from Rs 490.44 crore a year ago.
Bharat Forge
The auto components major reported a 16.38% decline in consolidated net profit, which stood at Rs 212.78 crore in the third quarter, compared to Rs 254.45 crore last year.
Crompton Greaves
The household appliances company saw a 28% increase in consolidated net profit, reaching Rs 109.84 crore in Q3, up from Rs 85.99 crore a year ago. Revenue from operations climbed 4.5% to Rs 1,770 crore compared to Rs 1,692.69 crore last year.
Muthoot Finance
The non-banking financial company (NBFC) reported a 22% increase in net profit, reaching Rs 1,392 crore in the quarter under review, compared to Rs 1,145 crore a year ago.
Honasa Consumer
The company posted a marginal rise in its consolidated net profit to Rs 26.02 crore in Q3, compared to Rs 25.9 crore a year ago.
Natco Pharma
The company reported a 37% decrease in consolidated net profit, which stood at Rs 133 crore for Q3FY25, compared to Rs 213 crore last year.
GE Power
The company posted a consolidated loss of Rs 18.5 crore for Q3, compared to a profit of Rs 37 lakh in the same period last year.
Vodafone Idea
The Department of Telecommunications (DoT) has demanded a bank guarantee of Rs 6,090 crore from the debt-ridden Vodafone Idea Ltd (VIL), according to reports.
ONGC/NTPC Green
Oil and Natural Gas Corporation (ONGC) and NTPC Green, through their joint venture, have acquired a 100% stake in Bengaluru-based Ayana Renewable Power Private Ltd for Rs 19,500 crore.
Adani Group Stocks
The Adani group has reportedly secured a private credit loan of around $330 million ($207 million) for its coal port unit located in Australia’s Northern Queensland.
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