Stocks to watch: The previous week was positive for the stock market. Now on February 10, many stocks are going to be in focus on the first trading day of the week. Due to recent news in these shares, tremendous action can be seen. This list includes stocks like Hitachi Energy India, BEL, Vedanta, Oil India and Wabag. Earlier, last week, the 30 -share Sensex of BSE gained 354.23 points or 0.45 per cent. At the same time, the National Stock Exchange’s Nifty was in profit of 77.8 points or 0.33 per cent.
This water technology multinational company has received a consortium order of $ 371 million (about ₹ 3,251 crore) for the development of the 200 MW (MLD) capacity sewage treatment plant (ISTP) in Riyadh, Saudi Arabia. The company made this announcement on Saturday, 9 February 2025.
The company has received a letter of intent (LOI) from Rajasthan Part I Power Transmission Limited. It is associated with the joint venture of Hitachi Energy India and Bharat Heavy Electricals Limited (BHEL), under which the design and execution of the High Voltage Direct Current (HVDC) link will be done. The purpose of this project is to transmit renewable energy from Bhadla III in Rajasthan to Fatehpur in Uttar Pradesh.
The company, making automotive and industrial cooling products, has released its quarterly results for FY2024-25 and declared interim dividend for investors. In the board meeting, Banco Products approved an interim dividend of ₹ 11 per share, which is equivalent to payment of 550%. The company set a record date on 14 February 2025, which will decide which shareholders will be eligible for this dividend.
Veteran investor Ashish Kacholia’s portfolio company Balu Forge has declared spectacular financial results for the third quarter of FY25. The net profit of the company increased by 134% to ₹ 59 crore on an annual basis, which was ₹ 25 crore in the same quarter last year. Revenue rose 74% to ₹ 256 crore, which was ₹ 147 crore in Q3Fy24. Ebitda gained 107% to ₹ 68 crore, which was ₹ 33 crore in the same period last year.
Firstcry’s parent company Brainbees Solutions recorded a reduction of 69.2% in its loss in the third quarter of FY25. The net loss of the company has come down to ₹ 14.7 crore, which was ₹ 48.4 crore in the same quarter last year. Operational income increased by 14.3% to ₹ 2,172 crore, which was ₹ 1,900 crore last year. Revenue in India increased by 15% to ₹ 1,510 crore, while the international revenue increased from last year to ₹ 230 crore to ₹ 261 crore.
The bank has increased the 5 basis point (BPS) in the Marginal Cost of Funds-based Lending Rate (MCLR) for the overnight period. The new rate will be 9.20%, which was 9.15% earlier, and it would be applicable from 7 February 2025.
This increase has occurred when the Reserve Bank of India (RBI) reduced the repo rate by 25 BPS and reduced it from 6.5% to 6.25%. This has been the first time in the last five years, the aim of which is to reduce the borrowing costs for homebeelers.
This Navratna Defense PSU has received new orders of ₹ 962 crore, including a contract of ₹ 610 crore to the Indian Navy for supply of Electro-Optic Fire Control System (EOFCs). Eon-51 is an electro-optical fire control system that provides the ability to discover, identify and classify targets with the help of electro-optical and thermal imagers devices.
The mining company received two orders from Central Goods and Services Tax (CGST) and Central Excise, Rourkela Commissionerate on 6 February. These orders include tax demons and applicable interest with a total fine of ₹ 141.36 crore. The first order imposes a fine of ₹ 86.06 crore, which is related to the use and claims of input tax credit (ITC) in the 2017-18 financial year.
This pharmaceutical company received an order from Joint Commissioner of Central Goods and Services Tax and Central Excise (CGST & CX) of Palghar, Maharashtra, with a tax from 2017-18 to 2021-22 as tax, interest and penalty for ₹ 121.25 crore as a penalty. Demand was made.
The order includes a demand of ₹ 57.70 crore for additional integrated goods and services tax (IGST) refunds claimed on cost, insurance and freight (CIF) value instead of free-on-board value.
The Maharatna PSU has fallen by 22.88% in the net profit in the third quarter of FY25. The company’s net profit decreased to ₹ 1,221.80 crore, which was ₹ 1,584.28 crore in Q3 FY24. Revenue declined 9.89% to ₹ 5,239.6 crore, which was ₹ 5,815.02 crore in the same period last year. Ebitda fell 11.18% to ₹ 2,321.34 crore, which was ₹ 2,613.75 crore last year.
Shipping Corporation of India
The company’s net profit declined by 43.8% to ₹ 75.5 crore in the third quarter of FY25, which was ₹ 134.4 crore in the same period last year. Revenue fell 1.9% to ₹ 1,315.6 crore, which was ₹ 1,340.7 crore last year. Ebitda declined 14.3% to ₹ 357.3 crore, which was ₹ 416.9 crore last year.
Logistics company Delhi has registered an increase of 113.68% in net profit in the third quarter of FY25. The net profit increased to ₹ 25 crore, which was ₹ 11.7 crore in the same period last year. Revenue increased by 8.4% to ₹ 2,378.3 crore, which was ₹ 2,194.4 crore last year. Ebitda declined 6.2% to ₹ 102.4 crore, which was ₹ 109.2 crore last year.
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