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Stocks in focus on Feb 9: Kalyan Jewellers, GMM Pfaudler, Sula Vineyards, Sun TV Network, Ipca Laboratories, Power Finance Corporation, REC, Biocon, Tata Chemicals, Aurobindo Pharma, BEML, Force Motors

* Stocks in focus on Feb 9: Kalyan Jewellers, GMM Pfaudler, Sula Vineyards, Sun TV Network, Ipca Laboratories, Power Finance Corporation, REC, Biocon, Tata Chemicals, Aurobindo Pharma, BEML, Force Motors

shorts/business/stocks-to-watch-today-sbi-aurobindo-pharma-ipca-labs-tata-steel-pfc-rec-force-motors-kalyan-jewellers-jk-tyre-ram-ratna-wires-atul-auto-in-focus-on-09-february

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Results Today</a>

Zydus Lifesciences, Aurobindo Pharma, All Time Plastics, Amber Enterprises India, Bajaj Electricals, Bata India, Enviro Infra Engineers, PNGS Gargi Fashion Jewellery, GlaxoSmithKline Pharmaceuticals, Happiest Minds Technologies, Navin Fluorine International, P N Gadgil Jewellers, Ramco Cements, Sun Pharma Advanced Research Company, Trident, and Vadilal Industries will release quarterly earnings today.

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Quarterly Earnings</a>

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/statebankindia/SBI" target="_blank">State Bank of India</a> Q3 (Standalone YoY)

Profit soars 24.5% to Rs 21,028.2 crore Vs Rs 16,891.4 crore

Net interest income grows 9% to Rs 45,190.4 crore Vs Rs 41,445.5 crore

Other income zooms 66.3% to Rs 18,358.5 crore Vs Rs 11,040.8 crore

Operating profit jumps 39.5% to Rs 32,862.4 crore Vs Rs 23,550.8 crore

Provisions and contingences spike 5-fold to Rs 4,506.9 crore Vs Rs 911.1 crore

Gross NPA falls to 1.57% Vs 1.73% (QoQ)

Net NPA declines to 0.39% Vs 0.42% (QoQ)

<a href="https://www.moneycontrol.com/india/stockpricequote/ironsteel/tatasteel/TIS" target="_blank">Tata Steel</a> Q3 (Consolidated YoY)

Profit jumps over 9-fold to Rs 2,730.4 crore Vs Rs 295.5 crore

Revenue rises 6.3% to Rs 57,002.4 crore Vs Rs 53,648.3 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/cement-major/shreecements/SC12" target="_blank">Shree Cement</a> Q3 (Consolidated YoY)

Profit zooms 37.9% to Rs 266.7 crore Vs Rs 193.4 crore

Revenue grows 5% to Rs 4,800.5 crore Vs Rs 4,572.7 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries/bosch/B05" target="_blank">Bosch</a> Q3 (Consolidated YoY)

Profit rises 16.2% to Rs 532.1 crore Vs Rs 458.1 crore

Revenue increases 9.4% to Rs 4,885.6 crore Vs Rs 4,465.7 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/engineering-industrial-equipments/oswalpumps/OPL02" target="_blank">Oswal Pumps</a> Q3 (Consolidated YoY)

Profit grows 13.9% to Rs 91.6 crore Vs Rs 80.4 crore

Revenue soars 32% to Rs 501.1 crore Vs Rs 379.7 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/electric-equipment/hblengineering/HBL02" target="_blank">HBL Engineering</a> Q3 (Consolidated YoY)

Profit zooms over 3-fold to Rs 220.6 crore Vs Rs 64.6 crore

Revenue jumps 94% to Rs 874 crore Vs Rs 450.6 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/smspharmaceuticals/SP38" target="_blank">SMS Pharmaceuticals</a> Q3 (Consolidated YoY)

Profit soars 28.7% to Rs 23.5 crore Vs Rs 18.2 crore

Revenue increases 21.4% to Rs 210.4 crore Vs Rs 173.4 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/steel-sponge-iron/sardaenergyminerals/SEM" target="_blank">Sarda Energy and Minerals</a> Q3 (Consolidated YoY)

Profit slips 3.5% to Rs 190.4 crore Vs Rs 197.4 crore

Revenue declines 3.3% to Rs 1,276 crore Vs Rs 1,319.1 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-23-wheelers/atulauto/AA08" target="_blank">Atul Auto</a> Q3 (Consolidated YoY)

Profit spikes 98% to Rs 15.4 crore Vs Rs 7.8 crore

Revenue jumps 18.4% to Rs 230.9 crore Vs Rs 195 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/hospitalhealthcare-services/krishnainstitutemedicalsciences/KIo01" target="_blank">Krishna Institute of Medical Sciences</a> Q3 (Consolidated YoY)

Profit declines 39.8% to Rs 53.4 crore Vs Rs 88.7 crore

Revenue grows 29.2% to Rs 997.7 crore Vs Rs 772.4 crore

Other income falls to Rs 5.2 crore Vs Rs 17.8 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/metals-non-ferrous/ramratnawires/RRW" target="_blank">Ram Ratna Wires</a> Q3 (Consolidated YoY)

Profit zooms 73.1% to Rs 31.3 crore Vs Rs 18.1 crore

Revenue surges 43.8% to Rs 1,277.9 crore Vs Rs 888.7 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/tyres/jktyreindustries/JKT01" target="_blank">JK Tyre and Industries</a> Q3 (Consolidated YoY)

Profit grows four-fold to Rs 207.8 crore Vs Rs 52.6 crore

Revenue jumps 15% to Rs 4,223 crore Vs Rs 3,673.7 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/consumer-goods-white-goods/whirlpoolindia/WI" target="_blank">Whirlpool of India</a> Q3 (Consolidated YoY)

Profit sinks 39.7% to Rs 26.5 crore Vs Rs 44 crore

Revenue rises 4% to Rs 1,773.8 crore Vs Rs 1,704.9 crore

Exceptional loss stands at Rs 38.84 crore Vs Nil

<a href="https://www.moneycontrol.com/india/stockpricequote/steel-sponge-iron/godawaripowerispat/GPI7" target="_blank">Godawari Power and Ispat</a> Q3 (Consolidated YoY)

Profit drops 1.1% to Rs 143.3 crore Vs Rs 144.8 crore

Revenue declines 12.2% to Rs 1,139.5 crore Vs Rs 1,297.6 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software-mediumsmall/sonatasoftware/SS42" target="_blank">Sonata Software</a> Q3 (Consolidated YoY)

Profit falls 0.6% to Rs 104.4 crore Vs Rs 105 crore

Revenue grows 8.4% to Rs 3,080.6 crore Vs Rs 2,842.8 crore

Labour code impact stands at Rs 31.28 crore Vs Nil

Other income drops to Rs 11.4 crore Vs Rs 21.49 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/diamondjewellery/kalyanjewellersindia/KJI01" target="_blank">Kalyan Jewellers</a> Q3 (Consolidated YoY)

Profit zooms 90.2% to Rs 416.3 crore Vs Rs 218.8 crore

Revenue surges 42.1% to Rs 10,343.4 crore Vs Rs 7,278.1 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/engineering-heavy/gmmpfaudler/GMM01" target="_blank">GMM Pfaudler</a> Q3 (Consolidated YoY)

Loss stands at Rs 8 crore Vs profit of Rs 41.5 crore

Revenue jumps 10.2% to Rs 883.5 crore Vs Rs 801.5 crore

Exceptional loss stands at Rs 56.32 crore Vs Nil

<a href="https://www.moneycontrol.com/india/stockpricequote/electricals/cromptongreavesconsumerelectrical/CGC01" target="_blank">Crompton Greaves Consumer Electricals</a> Q3 (Consolidated YoY)

Profit declines 9.8% to Rs 101 crore Vs Rs 111.9 crore

Revenue increases 7.3% to Rs 1,898.3 crore Vs Rs 1,769.4 crore

Exceptional loss stands at Rs 20 crore Vs Nil

<a href="https://www.moneycontrol.com/india/stockpricequote/breweriesdistilleries/sulavineyards/SV01" target="_blank">Sula Vineyards</a> Q3 (Consolidated YoY)

Profit drops 67.6% to Rs 9.1 crore Vs Rs 28 crore

Revenue slips 9.7% to Rs 195.7 crore Vs Rs 216.6 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/mediaentertainment/suntvnetwork/STN01" target="_blank">Sun TV Network</a> Q3 (Consolidated YoY)

Profit declines 10.8% to Rs 324 crore Vs Rs 363.4 crore

Revenue rises 4% to Rs 862.2 crore Vs Rs 828.8 crore

Stocks to Watch

<a href="https://www.moneycontrol.com/india/stockpricequote/refineries/relianceindustries/RI" target="_blank">Reliance Industries</a>

Reliance Consumer Products, the FMCG subsidiary of Reliance Industries, has acquired a majority stake in Australia’s popular “better-for-you” beverage company, Goodness Group Global (GGG).

Under the strategic partnership, Reliance Consumer Products will help promote Goodness Group’s flagship healthy beverage brands, such as Nexba and PACE—a hydration brand co-created with Australian cricket captain Pat Cummins—across new markets, including India.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/ipcalaboratories/IL" target="_blank">Ipca Laboratories</a>

The company’s Active Pharmaceutical Ingredients (API) manufacturing facility at Tarapur (Palghar, Maharashtra) has received the Establishment Inspection Report, classifying the facility as Voluntary Action Indicated (VAI). This indicates that the facility is in a minimally acceptable state of compliance with current good manufacturing practices (CGMP).

The US FDA inspected the said manufacturing facility from December 1 and December 5, 2025.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-term-lending-institutions/powerfinancecorporation/PFC02" target="_blank">Power Finance Corporation</a>, <a href="https://www.moneycontrol.com/india/stockpricequote/finance-term-lending-institutions/rec/REC02" target="_blank">REC</a>

Following the in-principle approval of the Cabinet Committee on Economic Affairs (CCEA), Power Finance Corporation (PFC) has acquired 52.63 percent of the government’s shareholding in REC. Accordingly, PFC and REC are now operating as holding and subsidiary companies.

The Board of Directors of PFC took note of the Budget announcement and accorded its in-principle approval for restructuring in the form of a merger between PFC and REC, while ensuring that the merged entity continues to remain a government company.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/biocon/BL03" target="_blank">Biocon</a>

Fitch Ratings has revised the outlook on the company’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from Stable to Positive, while affirming the rating at ‘BB-’. Fitch has also affirmed the ‘BB’ rating on the company’s $800 million secured notes issued by its subsidiary, Biocon Biologics Global Plc.

Fitch said the positive outlook reflects its expectation of a sustained reduction in Biocon’s financial leverage following the reduction of liabilities using proceeds from a recent equity issuance.

<a href="https://www.moneycontrol.com/india/stockpricequote/chemicals/tatachemicals/TC" target="_blank">Tata Chemicals</a>

The company has announced an investment of Rs 515 crore to set up a new greenfield manufacturing facility in Tamil Nadu as part of its capacity expansion and supply-chain strengthening strategy. The facility will manufacture iodised vacuum salt dried (IVSD) and will have an installed capacity of 210 kilo tonnes per annum (KTPA).

Tata Chemicals expects to complete the project within 36 months and will fund the investment through internal accruals and/or external financing.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/aurobindopharma/AP" target="_blank">Aurobindo Pharma</a>

The United States Food and Drug Administration (US FDA) inspected Unit III, a formulation manufacturing facility of Eugia Pharma Specialities—a wholly owned subsidiary of the company—at Pashamylaram, Telangana, from January 27 to February 6.

The inspection concluded with 11 observations, which the company said are procedural in nature.

<a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure-general/beml/BEM03" target="_blank">BEML</a>

The Board has approved an estimated investment of approximately Rs 1,500 crore for a greenfield rail manufacturing facility, ‘BRAHMA’, at Umariya in Madhya Pradesh. The project is expected to be completed in a phased manner over five years.

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-lcvshcvs/forcemotors/FM01" target="_blank">Force Motors</a>

The company has executed a Memorandum of Understanding to acquire 100 percent equity shares in Veera Tanneries for Rs 175 crore, subject to the deduction of applicable taxes.

<a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/indianrenewableenergydevelopmentagency/IREDAL" target="_blank">Indian Renewable Energy Development Agency</a>

The Board has approved raising funds of up to Rs 2,994 crore through a Qualified Institutions Placement (QIP) in one or more tranches, provided that the government’s shareholding—acting through the Ministry of New and Renewable Energy—does not dilute by more than 3.76 percent of the post-issue paid-up equity share capital of the company.

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-carsjeeps/mahindramahindra/MM" target="_blank">Mahindra and Mahindra</a>

Mahindra Industrial Park Chennai (MIPCL), a joint venture between Mahindra World City Developers and Japan’s Sumitomo Corporation, has announced the commencement of operations of Mitsubishi Electric India’s air-conditioner and compressor manufacturing facility at Origins by Mahindra in Chennai.

Developed with an investment of Rs 2,100 crore, the facility underscores Mitsubishi Electric India’s long-term commitment to the Indian market.

With an annual production capacity of 3 lakh indoor and outdoor room air conditioners and 6.5 lakh compressors, the expansion supports the development of a strong regional supplier ecosystem and aligns with the Government of India’s “Make in India” initiative.

Bulk Deals

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-investment/sgfinserve/MS29" target="_blank">SG Finserve</a>

Promoter S Gupta Holding has purchased 3 lakh shares, representing 0.53 percent of the paid-up equity capital of SG Finserve, at Rs 356.32 per share, amounting to Rs 10.68 crore.

Bartronics India

Investor Scan Help Technologies has sold 21.55 lakh shares, representing a 0.7 percent stake in Bartronics India, at Rs 15.13 per share, valued at Rs 3.26 crore. Scan Help held a 4.56 percent stake in the company as of December 2025.

Stocks Trade Ex-Dividend

Aarti Drugs
Bharat Dynamics
Container Corporation of India
Power Grid Corporation of India
Prithvi Exchange (India)
Triveni Turbine

Stock Trades Ex-Date for Buy Back

Go Fashion (India)

Stock Trades Ex-Date for Resolution Plan -Suspension

Indus Fila

Stock in F&amp;O ban

Sammaan Capital

Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Ownership, Material Conflicts of Interest and Disciplinary History

MCD is a wholly owned subsidiary of Network 18 Media & Investments Ltd ("Network18"), in which Independent Media Trust (IMT) holds 56.89% stake. Reliance Industries Limited ("RIL") is the sole beneficiary of IMT. Network18 and RIL and their subsidiaries, joint ventures and associates can be considered as associates of MCD.

Details of Associate

Receipt of Compensation

Third-Party Compensation

Employment History

Market-Making Activities

Use of Artificial Intelligence

Stocks to Watch Today: SBI, Aurobindo Pharma, Ipca Labs, Tata Steel, PFC, REC, Force Motors, Kalyan Jewellers, JK Tyre, Ram Ratna Wires, Atul Auto in focus on 09 February

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:

Results Today

Zydus Lifesciences, Aurobindo Pharma, All Time Plastics, Amber Enterprises India, Bajaj Electricals, Bata India, Enviro Infra Engineers, PNGS Gargi Fashion Jewellery, GlaxoSmithKline Pharmaceuticals, Happiest Minds Technologies, Navin Fluorine International, P N Gadgil Jewellers, Ramco Cements, Sun Pharma Advanced Research Company, Trident, and Vadilal Industries will release quarterly earnings today.

Quarterly Earnings

State Bank of India Q3 (Standalone YoY)

Profit soars 24.5% to Rs 21,028.2 crore Vs Rs 16,891.4 crore

Net interest income grows 9% to Rs 45,190.4 crore Vs Rs 41,445.5 crore

Other income zooms 66.3% to Rs 18,358.5 crore Vs Rs 11,040.8 crore

Operating profit jumps 39.5% to Rs 32,862.4 crore Vs Rs 23,550.8 crore

Provisions and contingences spike 5-fold to Rs 4,506.9 crore Vs Rs 911.1 crore

Gross NPA falls to 1.57% Vs 1.73% (QoQ)

Net NPA declines to 0.39% Vs 0.42% (QoQ)

Tata Steel Q3 (Consolidated YoY)

Profit jumps over 9-fold to Rs 2,730.4 crore Vs Rs 295.5 crore

Revenue rises 6.3% to Rs 57,002.4 crore Vs Rs 53,648.3 crore

Shree Cement Q3 (Consolidated YoY)

Profit zooms 37.9% to Rs 266.7 crore Vs Rs 193.4 crore

Revenue grows 5% to Rs 4,800.5 crore Vs Rs 4,572.7 crore

Bosch Q3 (Consolidated YoY)

Profit rises 16.2% to Rs 532.1 crore Vs Rs 458.1 crore

Revenue increases 9.4% to Rs 4,885.6 crore Vs Rs 4,465.7 crore

Oswal Pumps Q3 (Consolidated YoY)

Profit grows 13.9% to Rs 91.6 crore Vs Rs 80.4 crore

Revenue soars 32% to Rs 501.1 crore Vs Rs 379.7 crore

HBL Engineering Q3 (Consolidated YoY)

Profit zooms over 3-fold to Rs 220.6 crore Vs Rs 64.6 crore

Revenue jumps 94% to Rs 874 crore Vs Rs 450.6 crore

SMS Pharmaceuticals Q3 (Consolidated YoY)

Profit soars 28.7% to Rs 23.5 crore Vs Rs 18.2 crore

Revenue increases 21.4% to Rs 210.4 crore Vs Rs 173.4 crore

Sarda Energy and Minerals Q3 (Consolidated YoY)

Profit slips 3.5% to Rs 190.4 crore Vs Rs 197.4 crore

Revenue declines 3.3% to Rs 1,276 crore Vs Rs 1,319.1 crore

Atul Auto Q3 (Consolidated YoY)

Profit spikes 98% to Rs 15.4 crore Vs Rs 7.8 crore

Revenue jumps 18.4% to Rs 230.9 crore Vs Rs 195 crore

Krishna Institute of Medical Sciences Q3 (Consolidated YoY)

Profit declines 39.8% to Rs 53.4 crore Vs Rs 88.7 crore

Revenue grows 29.2% to Rs 997.7 crore Vs Rs 772.4 crore

Other income falls to Rs 5.2 crore Vs Rs 17.8 crore

Ram Ratna Wires Q3 (Consolidated YoY)

Profit zooms 73.1% to Rs 31.3 crore Vs Rs 18.1 crore

Revenue surges 43.8% to Rs 1,277.9 crore Vs Rs 888.7 crore

JK Tyre and Industries Q3 (Consolidated YoY)

Profit grows four-fold to Rs 207.8 crore Vs Rs 52.6 crore

Revenue jumps 15% to Rs 4,223 crore Vs Rs 3,673.7 crore

Whirlpool of India Q3 (Consolidated YoY)

Profit sinks 39.7% to Rs 26.5 crore Vs Rs 44 crore

Revenue rises 4% to Rs 1,773.8 crore Vs Rs 1,704.9 crore

Exceptional loss stands at Rs 38.84 crore Vs Nil

Godawari Power and Ispat Q3 (Consolidated YoY)

Profit drops 1.1% to Rs 143.3 crore Vs Rs 144.8 crore

Revenue declines 12.2% to Rs 1,139.5 crore Vs Rs 1,297.6 crore

Sonata Software Q3 (Consolidated YoY)

Profit falls 0.6% to Rs 104.4 crore Vs Rs 105 crore

Revenue grows 8.4% to Rs 3,080.6 crore Vs Rs 2,842.8 crore

Labour code impact stands at Rs 31.28 crore Vs Nil

Other income drops to Rs 11.4 crore Vs Rs 21.49 crore

Kalyan Jewellers Q3 (Consolidated YoY)

Profit zooms 90.2% to Rs 416.3 crore Vs Rs 218.8 crore

Revenue surges 42.1% to Rs 10,343.4 crore Vs Rs 7,278.1 crore

GMM Pfaudler Q3 (Consolidated YoY)

Loss stands at Rs 8 crore Vs profit of Rs 41.5 crore

Revenue jumps 10.2% to Rs 883.5 crore Vs Rs 801.5 crore

Exceptional loss stands at Rs 56.32 crore Vs Nil

Crompton Greaves Consumer Electricals Q3 (Consolidated YoY)

Profit declines 9.8% to Rs 101 crore Vs Rs 111.9 crore

Revenue increases 7.3% to Rs 1,898.3 crore Vs Rs 1,769.4 crore

Exceptional loss stands at Rs 20 crore Vs Nil

Sula Vineyards Q3 (Consolidated YoY)

Profit drops 67.6% to Rs 9.1 crore Vs Rs 28 crore

Revenue slips 9.7% to Rs 195.7 crore Vs Rs 216.6 crore

Sun TV Network Q3 (Consolidated YoY)

Profit declines 10.8% to Rs 324 crore Vs Rs 363.4 crore

Revenue rises 4% to Rs 862.2 crore Vs Rs 828.8 crore

Stocks to Watch

Reliance Industries

Reliance Consumer Products, the FMCG subsidiary of Reliance Industries, has acquired a majority stake in Australia’s popular “better-for-you” beverage company, Goodness Group Global (GGG).

Under the strategic partnership, Reliance Consumer Products will help promote Goodness Group’s flagship healthy beverage brands, such as Nexba and PACE—a hydration brand co-created with Australian cricket captain Pat Cummins—across new markets, including India.

Ipca Laboratories

The company’s Active Pharmaceutical Ingredients (API) manufacturing facility at Tarapur (Palghar, Maharashtra) has received the Establishment Inspection Report, classifying the facility as Voluntary Action Indicated (VAI). This indicates that the facility is in a minimally acceptable state of compliance with current good manufacturing practices (CGMP).

The US FDA inspected the said manufacturing facility from December 1 and December 5, 2025.

Power Finance Corporation, REC

Following the in-principle approval of the Cabinet Committee on Economic Affairs (CCEA), Power Finance Corporation (PFC) has acquired 52.63 percent of the government’s shareholding in REC. Accordingly, PFC and REC are now operating as holding and subsidiary companies.

The Board of Directors of PFC took note of the Budget announcement and accorded its in-principle approval for restructuring in the form of a merger between PFC and REC, while ensuring that the merged entity continues to remain a government company.

Biocon

Fitch Ratings has revised the outlook on the company’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from Stable to Positive, while affirming the rating at ‘BB-’. Fitch has also affirmed the ‘BB’ rating on the company’s $800 million secured notes issued by its subsidiary, Biocon Biologics Global Plc.

Fitch said the positive outlook reflects its expectation of a sustained reduction in Biocon’s financial leverage following the reduction of liabilities using proceeds from a recent equity issuance.

Tata Chemicals

The company has announced an investment of Rs 515 crore to set up a new greenfield manufacturing facility in Tamil Nadu as part of its capacity expansion and supply-chain strengthening strategy. The facility will manufacture iodised vacuum salt dried (IVSD) and will have an installed capacity of 210 kilo tonnes per annum (KTPA).

Tata Chemicals expects to complete the project within 36 months and will fund the investment through internal accruals and/or external financing.

Aurobindo Pharma

The United States Food and Drug Administration (US FDA) inspected Unit III, a formulation manufacturing facility of Eugia Pharma Specialities—a wholly owned subsidiary of the company—at Pashamylaram, Telangana, from January 27 to February 6.

The inspection concluded with 11 observations, which the company said are procedural in nature.

BEML

The Board has approved an estimated investment of approximately Rs 1,500 crore for a greenfield rail manufacturing facility, ‘BRAHMA’, at Umariya in Madhya Pradesh. The project is expected to be completed in a phased manner over five years.

Force Motors

The company has executed a Memorandum of Understanding to acquire 100 percent equity shares in Veera Tanneries for Rs 175 crore, subject to the deduction of applicable taxes.

Indian Renewable Energy Development Agency

The Board has approved raising funds of up to Rs 2,994 crore through a Qualified Institutions Placement (QIP) in one or more tranches, provided that the government’s shareholding—acting through the Ministry of New and Renewable Energy—does not dilute by more than 3.76 percent of the post-issue paid-up equity share capital of the company.

Mahindra and Mahindra

Mahindra Industrial Park Chennai (MIPCL), a joint venture between Mahindra World City Developers and Japan’s Sumitomo Corporation, has announced the commencement of operations of Mitsubishi Electric India’s air-conditioner and compressor manufacturing facility at Origins by Mahindra in Chennai.

Developed with an investment of Rs 2,100 crore, the facility underscores Mitsubishi Electric India’s long-term commitment to the Indian market.

With an annual production capacity of 3 lakh indoor and outdoor room air conditioners and 6.5 lakh compressors, the expansion supports the development of a strong regional supplier ecosystem and aligns with the Government of India’s “Make in India” initiative.

Bulk Deals

SG Finserve

Promoter S Gupta Holding has purchased 3 lakh shares, representing 0.53 percent of the paid-up equity capital of SG Finserve, at Rs 356.32 per share, amounting to Rs 10.68 crore.

Bartronics India

Investor Scan Help Technologies has sold 21.55 lakh shares, representing a 0.7 percent stake in Bartronics India, at Rs 15.13 per share, valued at Rs 3.26 crore. Scan Help held a 4.56 percent stake in the company as of December 2025.

Stocks Trade Ex-Dividend

Aarti Drugs
Bharat Dynamics
Container Corporation of India
Power Grid Corporation of India
Prithvi Exchange (India)
Triveni Turbine

Stock Trades Ex-Date for Buy Back

Go Fashion (India)

Stock Trades Ex-Date for Resolution Plan -Suspension

Indus Fila

Stock in F&amp;amp;O ban

Sammaan Capital

Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Promoter acquires over 0.5% stake in SG Finserve, Scan Help Technologies sells 0.7% shares in Bartronics India, Next Orbit Growth Fund offloads 2.08 lakh shares in Munish Forge

* Promoter acquires over 0.5% stake in SG Finserve
* Scan Help Technologies sells 0.7% shares in Bartronics India
* Next Orbit Growth Fund offloads 2.08 lakh shares in Munish Forge

shorts/business/promoter-acquires-over-0-5-stake-in-sg-finserve

* Promoter acquires over 0.5% stake in SG Finserve
* Scan Help Technologies sells 0.7% shares in Bartronics India
* Next Orbit Growth Fund offloads 2.08 lakh shares in Munish Forge

Promoter S Gupta Holding has acquired over 0.5 percent equity stake in SG Finserve, the non-banking finance company, via open market transaction on February 6.

Perhaps, <a href="https://www.moneycontrol.com/india/stockpricequote/finance-investment/sgfinserve/MS29">SG Finserve</a> shares might have reacted to the bulk deal, rising 7 percent to Rs 372.9 amid high volumes and forming long bullish candle on the daily charts.

S Gupta Holding has bought 3 lakh shares (equivalent to 0.53 percent of paid-up equity capital) SG Finserve at Rs 356.32 per share, valued at Rs 10.68 crore.

Meanwhile, investor Scan Help Technologies sold 21.55 lakh shares (0.7 percent stake) in <a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/bartronicsindia/BI21">Bartronics India</a>, the automatic identification and data collection solution provider, at Rs 15.13 per share, valued at Rs 3.26 crore. Scan Help held 4.56 percent stake in the company as of December 2025.

Bartronics India shares rose 2.65 percent to Rs 14.71, extending upward journey for fourth consecutive session.

Radiant Global Fund-Class B Participating Shares sold 80,400 shares in <a href="https://www.moneycontrol.com/india/stockpricequote/speciality-retailers/encompassdesignindia/EDI">Encompass Design India</a> at Rs 226.78 per share for Rs 1.82 crore, while Next Orbit Growth Fund III offloaded 2.08 lakh shares in <a href="https://www.moneycontrol.com/india/stockpricequote/engineering-industrial-equipments/munishforge/MFL09">Munish Forge</a> at Rs 72.31 per share, valued at Rs 1.5 crore.

<img class="alignnone size-full wp-image-13817575 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260208174552_Image1608022026.jpg" alt="Image1608022026" width="700" height="1229" />

Promoter acquires over 0.5% stake in SG Finserve

Promoter S Gupta Holding has acquired over 0.5 percent equity stake in SG Finserve, the non-banking finance company, via open market transaction on February 6.

Perhaps, SG Finserve shares might have reacted to the bulk deal, rising 7 percent to Rs 372.9 amid high volumes and forming long bullish candle on the daily charts.

S Gupta Holding has bought 3 lakh shares (equivalent to 0.53 percent of paid-up equity capital) SG Finserve at Rs 356.32 per share, valued at Rs 10.68 crore.

Meanwhile, investor Scan Help Technologies sold 21.55 lakh shares (0.7 percent stake) in Bartronics India, the automatic identification and data collection solution provider, at Rs 15.13 per share, valued at Rs 3.26 crore. Scan Help held 4.56 percent stake in the company as of December 2025.

Bartronics India shares rose 2.65 percent to Rs 14.71, extending upward journey for fourth consecutive session.

Radiant Global Fund-Class B Participating Shares sold 80,400 shares in Encompass Design India at Rs 226.78 per share for Rs 1.82 crore, while Next Orbit Growth Fund III offloaded 2.08 lakh shares in Munish Forge at Rs 72.31 per share, valued at Rs 1.5 crore.

Tata Motors PV Q3 net loss of Rs 3,486 crore due to JLR cyber incident., JLR's earnings impacted by weak demand, higher costs, and China luxury tax, Brokerages remain cautious; target prices range from Rs 310 to Rs 450 per share

* Tata Motors PV Q3 net loss of Rs 3,486 crore due to JLR cyber incident.
* JLR's earnings impacted by weak demand, higher costs, and China luxury tax
* Brokerages remain cautious; target prices range from Rs 310 to Rs 450 per share

Tata Motors Passenger Vehicles shares fell after reporting a Q3 FY26 net loss of Rs 3,486 crore, hit by JLR’s cyber incident and weak global demand. Brokerages remain cautious due to ongoing challenges, though a Q4 recovery is expected.

shorts/business/tata-motors-pv-shares-fall-up-to-3-as-firm-slips-into-loss-in-q3-should-you-buy-sell-or-hold

* Tata Motors PV Q3 net loss of Rs 3,486 crore due to JLR cyber incident.
* JLR's earnings impacted by weak demand, higher costs, and China luxury tax
* Brokerages remain cautious; target prices range from Rs 310 to Rs 450 per share

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/auto-lcvshcvs/tatamotorspassengervehicles/TM03">Tata Motors Passenger Vehicles</a> (TMPVL) dropped more than 3.5 percent on February 6 after the company reported a net loss for the October-December quarter of the financial year 2026, as JLR cyber incident continued to impact earnings.

The shares of the automaker dropped to an intraday low of Rs 361 apiece, before recovering some losses. At close, the stock was down 1.4 percent at Rs 368.90 apiece.
<h3>Tata Motors PV Q3 Results:</h3>
Tata Motors Passenger Vehicles reported a <a href="https://www.moneycontrol.com/automobile/tata-motors-pv-slips-into-loss-in-q3-as-jlr-cyber-attack-cripples-margins-article-13813549.html">consolidated net loss of Rs 3,486 crore</a> for Q3 FY26, as against a net profit of Rs 5,406 crore in Q3 FY25. The earnings were impacted by a one-time exceptional cost of Rs 1,597 crore.

The automaker's revenue from operations fell 26 percent YoY to Rs 70,108 crore.

Tata Motors PV said that the cyber attack incident at Jaguar Land Rover last year continued to impact its earnings in Q3. However, it expects strong recovery in Q4.

"The overall global demand continues to remain challenging. We will step up our brand-led actions at JLR to drive up demand for our products and execute enterprise missions programme aimed at enhancing savings and cash flows. Domestic business continues to witness robust demand, and we will accelerate growth through exciting launches and innovations. Overall, we expect a sharp improvement in Q4, led by normalization of JLR volumes," the automaker said.
<h3>Motilal Oswal on Tata Motors PV:</h3>
Motilal Oswal said the firm’s net loss was much higher than its estimate, largely due to multiple headwinds in JLR, such as continued impact of the cyber incident, weak volumes in key regions and higher VME. “While JLR production is likely to normalize in 4Q, end demand remains weak in key regions and VME is likely to remain elevated at least in the near term,” it said.

The domestic brokerage added that while India business continues to do well, Jaguar Land Rover continues to face multiple headwinds. These include luxury tax in China hurting demand, impact of US tariffs on demand, stringent EU regulations including emissions and battery rules of origin, rising costs of doing business in UK, and rising VME given weak demand in key regions.

“Given the weaker-than-expected performance in 3Q, we now lower our EBITDA by 22%/4% for FY26E/FY27E. Given the significant challenges at JLR, we retain our Sell rating on the stock with an SoTP-based TP of INR323 per share. We continue to value both JLR and India PV business at 2x and 15x EV/EBITDA,” it added.
<h3>JM Financial on Tata Motors PV:</h3>
JM Financial said that JLR’s EBIT margin came in at -6.9 percent, impacted by production losses due to a cyberattack, tariff-related expenses, higher VME, unfavourable forex, and higher warranty costs.

“While global demand remains challenging, the company expects a recovery in 4Q led by normalisation of volumes and has therefore maintained its guidance of EBIT in the range of 0%-2% (-3% over 9MFY26) and negative free cash flow of £2.2-£2.5bn (-£3bn over 9MFY26). On JLR’s margin front, we expect higher VME, warranty costs and new model launch expenses to continue weighing on profitability. On the other hand, the India PV business posted an EBITDA margin of 6.8% (- 80bps YoY, +110bps QoQ), impacted by higher raw material and other expenses led by new launch costs,” it added.

Owing to JLR’s challenges, JM Financial maintained its ‘Reduce’ rating on the stock with a target price of Rs 357 per share. This implies a downside potential of nearly 5 percent from the stock’s previous closing price.
<h3>HDFC Securities on Tata Motors PV:</h3>
Besides weak demand globally, Jaguar Land Rover (JLR) is also facing structural headwinds from its business in China as JLR’s addressable market gets disrupted by a higher luxury tax at the top end of its portfolio and by strong competition from Chinese OEMs at the lower end, said HDFC Securities.

“The India PV segment continues to do well and is expected to benefit from the ramp-up of Sierra’s sales, and thus benefit from higher operating leverage and improved mix,” it added.

UBS kept a ‘Sell’ call on the stock, with a target price of Rs 310 apiece. The international brokerage said that margin and FCF pressures are set to intensify in FY27–28 as competitive pressures persist and BEV headwinds weigh, warning that JLR's earnings risks are rising

CLSA maintained its ‘Outperform’ rating on the stock, with a target price of Rs 450 per share. The international brokerage said that JLR volume recovery should strengthen through FY26 on easing supply constraints and new model traction, and maintains confidence in FY26 free‑cash‑flow guidance.

JP Morgan remained ‘Neutral’ on the stock, with a target price of Rs 365 apiece. It said that uncertainty around JLR remains high, with China still a "challenging market" and FY27 visibility limited despite better‑than‑feared recent performance.

Goldman Sachs also remained ‘Neutral’ on the stock with a target price of Rs 380 apiece. It said that JLR production has normalized, but warned that ASPs may moderate due to China discounts, even as new EV and platform launches slated for FY27–28 support medium‑term growth.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Tata Motors PV shares fall up to 3% as firm slips into loss in Q3: Should you buy, sell or hold?

The shares of Tata Motors Passenger Vehicles (TMPVL) dropped more than 3.5 percent on February 6 after the company reported a net loss for the October-December quarter of the financial year 2026, as JLR cyber incident continued to impact earnings.

The shares of the automaker dropped to an intraday low of Rs 361 apiece, before recovering some losses. At close, the stock was down 1.4 percent at Rs 368.90 apiece.
Tata Motors PV Q3 Results:
Tata Motors Passenger Vehicles reported a consolidated net loss of Rs 3,486 crore for Q3 FY26, as against a net profit of Rs 5,406 crore in Q3 FY25. The earnings were impacted by a one-time exceptional cost of Rs 1,597 crore.

The automaker's revenue from operations fell 26 percent YoY to Rs 70,108 crore.

Tata Motors PV said that the cyber attack incident at Jaguar Land Rover last year continued to impact its earnings in Q3. However, it expects strong recovery in Q4.

&quot;The overall global demand continues to remain challenging. We will step up our brand-led actions at JLR to drive up demand for our products and execute enterprise missions programme aimed at enhancing savings and cash flows. Domestic business continues to witness robust demand, and we will accelerate growth through exciting launches and innovations. Overall, we expect a sharp improvement in Q4, led by normalization of JLR volumes,&quot; the automaker said.
Motilal Oswal on Tata Motors PV:
Motilal Oswal said the firm’s net loss was much higher than its estimate, largely due to multiple headwinds in JLR, such as continued impact of the cyber incident, weak volumes in key regions and higher VME. “While JLR production is likely to normalize in 4Q, end demand remains weak in key regions and VME is likely to remain elevated at least in the near term,” it said.

The domestic brokerage added that while India business continues to do well, Jaguar Land Rover continues to face multiple headwinds. These include luxury tax in China hurting demand, impact of US tariffs on demand, stringent EU regulations including emissions and battery rules of origin, rising costs of doing business in UK, and rising VME given weak demand in key regions.

“Given the weaker-than-expected performance in 3Q, we now lower our EBITDA by 22%/4% for FY26E/FY27E. Given the significant challenges at JLR, we retain our Sell rating on the stock with an SoTP-based TP of INR323 per share. We continue to value both JLR and India PV business at 2x and 15x EV/EBITDA,” it added.
JM Financial on Tata Motors PV:
JM Financial said that JLR’s EBIT margin came in at -6.9 percent, impacted by production losses due to a cyberattack, tariff-related expenses, higher VME, unfavourable forex, and higher warranty costs.

“While global demand remains challenging, the company expects a recovery in 4Q led by normalisation of volumes and has therefore maintained its guidance of EBIT in the range of 0%-2% (-3% over 9MFY26) and negative free cash flow of £2.2-£2.5bn (-£3bn over 9MFY26). On JLR’s margin front, we expect higher VME, warranty costs and new model launch expenses to continue weighing on profitability. On the other hand, the India PV business posted an EBITDA margin of 6.8% (- 80bps YoY, +110bps QoQ), impacted by higher raw material and other expenses led by new launch costs,” it added.

Owing to JLR’s challenges, JM Financial maintained its ‘Reduce’ rating on the stock with a target price of Rs 357 per share. This implies a downside potential of nearly 5 percent from the stock’s previous closing price.
HDFC Securities on Tata Motors PV:
Besides weak demand globally, Jaguar Land Rover (JLR) is also facing structural headwinds from its business in China as JLR’s addressable market gets disrupted by a higher luxury tax at the top end of its portfolio and by strong competition from Chinese OEMs at the lower end, said HDFC Securities.

“The India PV segment continues to do well and is expected to benefit from the ramp-up of Sierra’s sales, and thus benefit from higher operating leverage and improved mix,” it added.

UBS kept a ‘Sell’ call on the stock, with a target price of Rs 310 apiece. The international brokerage said that margin and FCF pressures are set to intensify in FY27–28 as competitive pressures persist and BEV headwinds weigh, warning that JLR's earnings risks are rising

CLSA maintained its ‘Outperform’ rating on the stock, with a target price of Rs 450 per share. The international brokerage said that JLR volume recovery should strengthen through FY26 on easing supply constraints and new model traction, and maintains confidence in FY26 free‑cash‑flow guidance.

JP Morgan remained ‘Neutral’ on the stock, with a target price of Rs 365 apiece. It said that uncertainty around JLR remains high, with China still a &quot;challenging market&quot; and FY27 visibility limited despite better‑than‑feared recent performance.

Goldman Sachs also remained ‘Neutral’ on the stock with a target price of Rs 380 apiece. It said that JLR production has normalized, but warned that ASPs may moderate due to China discounts, even as new EV and platform launches slated for FY27–28 support medium‑term growth.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

ITC and Godfrey Phillips lead cigarette stocks surge after days of underperformance., Price hikes and strong quarterly results boosted investor confidence, Nuvama expects no major tax hikes for cigarette stocks in next two years

* ITC and Godfrey Phillips lead cigarette stocks surge after days of underperformance.
* Price hikes and strong quarterly results boosted investor confidence
* Nuvama expects no major tax hikes for cigarette stocks in next two years

Cigarette-maker stocks surged after underperforming, driven by price hikes, block deals, value buying, strong quarterly results, and analyst optimism that major tax hikes are unlikely soon, boosting investor confidence in ITC and Godfrey Phillips India.

shorts/business/itc-other-cigarette-stocks-rise-up-to-13-price-hike-four-other-reasons-behind-renewed-buying-interest

* ITC and Godfrey Phillips lead cigarette stocks surge after days of underperformance.
* Price hikes and strong quarterly results boosted investor confidence
* Nuvama expects no major tax hikes for cigarette stocks in next two years

The shares of <a href="https://www.moneycontrol.com/news/business/markets/cigarette-companies-stocks-rise-itc-godfrey-phillips-rise-up-to-11-here-s-why-13814991.html">cigarette-makers</a> jumped in trade on February 6, after days of underperformance. Five key reasons are behind the sharp uptick in the stock prices today.

<a href="https://www.moneycontrol.com/india/stockpricequote/diversified/itc/ITC">ITC</a> shares gained nearly 6 percent to trade at Rs 327.7 apiece on Friday, snapping a two-session losing streak. The stock later pared some gains to close at Rs 326.35 (up more than 5 percent).

<a href="https://www.moneycontrol.com/india/stockpricequote/cigarettes/godfreyphillipsindia/GPI">Godfrey Phillips India</a> shares meanwhile gained nearly 13 percent to trade at Rs 2,229.50 apiece. At close, the stock was up around 10 percent at Rs 2,174 apiece.

Here are five key reasons behind the sharp rise in cigarette stocks today:
<h3>Nuvama says 'worst is behind' for cigarette stocks:</h3>
Nuvama in its latest note said that the "worst is behind" for cigarette stocks, according to NDTV Profit. The report further quoted the international brokerage as saying that the price hikes have already started and cigarette volumes may not see double digit decline next year.

Cigarette prices have increased sharply showing pricing power, Nuvama said, adding that it expects the companies to implement two-three staggered price hikes over the next few months to offset the tax impact.

Nuvama doesn't expect any significant tax hikes in the next two years, which provides medium to long term visibility, the report added. The international brokerage added that cigarette stocks are in a heavily sold zone and have high comfort in valuatiions.
<h3>Block deals:</h3>
ITC shares saw a number of block deals being executed at a premium to its current levels. According to data, more than 1.3 crore shares were traded via block deals at an average price of Rs 321.80 apiece.

This marked a premium of nearly 4 percent on the stock’s previous closing price of Rs 310.2 apiece.
<h3>Value buying:</h3>
The sharp rise in the stocks also comes on the back of value buying, after days of underperformance after the tax hike was notified earlier this year. In January, ITC, Godfrey Phillips India, and VST Industries shares dropped 20.1 percent, 26.3 percent and 8.9 percent, respectively.
<h3>Price hike:</h3>
Cigarette prices have <a href="https://www.moneycontrol.com/health-and-fitness/cigarette-prices-increase-by-up-to-rs-55-per-pack-expert-suggests-smart-ways-to-quit-smoking-save-money-article-13805979.html">risen sharply after the new excise duty regime </a>came into force, with a pack of 10 sticks now costing at least Rs 22-55 more than earlier. This came after the government hiked duties on cigarettes and other tobacco products.

The Parliament in December last year approved the Central Excise (Amendment) Bill, 2025, clearing the way for a sharp increase in duties on cigarettes and other tobacco products. It replaces a temporary levy on cigarettes and tobacco products.

The excise duty would be imposed on cigarettes in addition to a 40 percent GST, according to an order. The finance ministry notified that an excise duty of Rs 2,050–8,500 per 1,000 sticks, depending on cigarette length, took effect from February 1.

The duty translates into a 22-28 percent increase in overall costs for 75-85 mm cigarettes, analysts at ICICI Securities said. Distributors said premium cigarettes of 76 mm length are now likely to be priced Rs 50-55 higher per pack of 10 sticks, depending on the brand. It should be noted that cigarette manufacturers have yet not formally announce revised maximum retail prices.

The rise in the cigarette prices may have boosted the stocks.
<h3>Strong results:</h3>
ITC in January reported a 6.4 percent YoY rise in net profit to Rs 5,087.87 crore for the October-December quarter of FY26, as against Rs 5,436.3 crore in the same period of the previous financial year.

The company’s revenue from operations meanwhile surged 6.66 percent to Rs 21,706.64 crore during the quarter under review.

Godfrey Phillips meanwhile reported a consolidated net profit of Rs 343.29 crore for Q3 FY26, marking a 9 percent YoY rise from the Rs 315.85 crore net profit reported in Q3 FY25. The firm’s revenue from operations meanwhile rose around 16 percent YoY to Rs 2,189.93 crore during the quarter under review.

Godfrey Phillips India has cigarette brands like Four Square, Red and White, Cavanders, Tipper and North Pole. It also manufactures and distributes the brand Marlboro under a license agreement with Philip Morris. The rise in Godfrey Phillips stock comes ahead of results of its promoter Phillip Morris.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-weak-start-us-asian-markets-fall-3-liveblog-13814186.html">LIVE updates</a> from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

ITC, other cigarette stocks rise up to 13%: Price hike, four other reasons behind renewed buying interest

The shares of cigarette-makers jumped in trade on February 6, after days of underperformance. Five key reasons are behind the sharp uptick in the stock prices today.

ITC shares gained nearly 6 percent to trade at Rs 327.7 apiece on Friday, snapping a two-session losing streak. The stock later pared some gains to close at Rs 326.35 (up more than 5 percent).

Godfrey Phillips India shares meanwhile gained nearly 13 percent to trade at Rs 2,229.50 apiece. At close, the stock was up around 10 percent at Rs 2,174 apiece.

Here are five key reasons behind the sharp rise in cigarette stocks today:
Nuvama says 'worst is behind' for cigarette stocks:
Nuvama in its latest note said that the &quot;worst is behind&quot; for cigarette stocks, according to NDTV Profit. The report further quoted the international brokerage as saying that the price hikes have already started and cigarette volumes may not see double digit decline next year.

Cigarette prices have increased sharply showing pricing power, Nuvama said, adding that it expects the companies to implement two-three staggered price hikes over the next few months to offset the tax impact.

Nuvama doesn't expect any significant tax hikes in the next two years, which provides medium to long term visibility, the report added. The international brokerage added that cigarette stocks are in a heavily sold zone and have high comfort in valuatiions.
Block deals:
ITC shares saw a number of block deals being executed at a premium to its current levels. According to data, more than 1.3 crore shares were traded via block deals at an average price of Rs 321.80 apiece.

This marked a premium of nearly 4 percent on the stock’s previous closing price of Rs 310.2 apiece.
Value buying:
The sharp rise in the stocks also comes on the back of value buying, after days of underperformance after the tax hike was notified earlier this year. In January, ITC, Godfrey Phillips India, and VST Industries shares dropped 20.1 percent, 26.3 percent and 8.9 percent, respectively.
Price hike:
Cigarette prices have risen sharply after the new excise duty regime came into force, with a pack of 10 sticks now costing at least Rs 22-55 more than earlier. This came after the government hiked duties on cigarettes and other tobacco products.

The Parliament in December last year approved the Central Excise (Amendment) Bill, 2025, clearing the way for a sharp increase in duties on cigarettes and other tobacco products. It replaces a temporary levy on cigarettes and tobacco products.

The excise duty would be imposed on cigarettes in addition to a 40 percent GST, according to an order. The finance ministry notified that an excise duty of Rs 2,050–8,500 per 1,000 sticks, depending on cigarette length, took effect from February 1.

The duty translates into a 22-28 percent increase in overall costs for 75-85 mm cigarettes, analysts at ICICI Securities said. Distributors said premium cigarettes of 76 mm length are now likely to be priced Rs 50-55 higher per pack of 10 sticks, depending on the brand. It should be noted that cigarette manufacturers have yet not formally announce revised maximum retail prices.

The rise in the cigarette prices may have boosted the stocks.
Strong results:
ITC in January reported a 6.4 percent YoY rise in net profit to Rs 5,087.87 crore for the October-December quarter of FY26, as against Rs 5,436.3 crore in the same period of the previous financial year.

The company’s revenue from operations meanwhile surged 6.66 percent to Rs 21,706.64 crore during the quarter under review.

Godfrey Phillips meanwhile reported a consolidated net profit of Rs 343.29 crore for Q3 FY26, marking a 9 percent YoY rise from the Rs 315.85 crore net profit reported in Q3 FY25. The firm’s revenue from operations meanwhile rose around 16 percent YoY to Rs 2,189.93 crore during the quarter under review.

Godfrey Phillips India has cigarette brands like Four Square, Red and White, Cavanders, Tipper and North Pole. It also manufactures and distributes the brand Marlboro under a license agreement with Philip Morris. The rise in Godfrey Phillips stock comes ahead of results of its promoter Phillip Morris.

Follow all LIVE updates from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Hitachi Energy India shares rose 14% on strong Q3 profit and revenue growth., MRF shares jumped 10% as net profit doubled in December quarter., BEML shares fell 5 percent after posting a quarterly loss due to higher expenses.

* Hitachi Energy India shares rose 14% on strong Q3 profit and revenue growth.
* MRF shares jumped 10% as net profit doubled in December quarter.
* BEML shares fell 5 percent after posting a quarterly loss due to higher expenses.

Hitachi Energy India and MRF shares surged after strong December quarter earnings, with Hitachi’s profit up 90% and MRF’s profit more than doubling. In contrast, BEML shares fell over 5% after posting a quarterly loss due to higher expenses.

shorts/business/q3-results-impact-hitachi-energy-mrf-shares-rise-up-to-12-on-jump-in-net-profit-beml-declines-5

* Hitachi Energy India shares rose 14% on strong Q3 profit and revenue growth.
* MRF shares jumped 10% as net profit doubled in December quarter.
* BEML shares fell 5 percent after posting a quarterly loss due to higher expenses.

Shares of Hitachi Energy India Ltd and MRF Ltd rallied sharply on Friday after the companies reported strong December quarter earnings, while state-owned BEML Ltd fell over weak results.

Shares of <a href="https://www.moneycontrol.com/india/stockpricequote/electric-equipment/hitachienergyindia/APP03">Hitachi Energy India</a> rose as much as 14 percent to an intraday high of Rs 21,889 per share on the NSE. The stock opened with a gap-up gain of 8.86 percent and extended its advance for the second straight session.

The heavy electrical equipment maker reported a 90.3 percent year-on-year jump in net profit to Rs 261 crore for the third quarter, while total revenue rose 28.5 percent from a year ago. The company’s order backlog stood at Rs 29,872 crore.

Brokerage firm Jefferies said the company’s EBITDA beat estimates by 43 percent, aided by 420 basis points higher-than-expected EBITDA margins at 16.6 percent. Emkay Global upgraded the stock to ‘Add’ from ‘Sell’ and raised its price target by about 20 percent to Rs 20,825 from Rs 17,400, citing a robust opportunity pipeline supported by the company’s diversified product portfolio.

Meanwhile, shares of tyre maker <a href="https://www.moneycontrol.com/india/stockpricequote/tyres/mrf/MRF">MRF</a> surged over 10 percent to Rs 1,49,070 per share on the NSE. The company reported a more than two-fold jump in net profit to Rs 679 crore for the December quarter, while revenue from operations rose 15.3 percent year-on-year.

In contrast, shares of BEML declined over 5 percent to Rs 1,655.40 per share on the NSE after the company posted weak earnings.

BEML reported a consolidated loss of Rs 22.38 crore for the quarter ended December 31, 2025, weighed down by higher expenses. The company had posted a consolidated profit of Rs 24.41 crore in the corresponding quarter a year ago.

The company’s consolidated income rose to Rs 1,087.13 crore during the quarter from Rs 880.28 crore in the year-ago period. Total expenses increased to Rs 1,112.54 crore from Rs 850.70 crore a year earlier, according to a regulatory filing. BEML operates across mining and construction, defence, and rail and metro segments.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Q3 results impact: Hitachi Energy, MRF shares rise up to 12% on jump in net profit, BEML declines 5%

Shares of Hitachi Energy India Ltd and MRF Ltd rallied sharply on Friday after the companies reported strong December quarter earnings, while state-owned BEML Ltd fell over weak results.

Shares of Hitachi Energy India rose as much as 14 percent to an intraday high of Rs 21,889 per share on the NSE. The stock opened with a gap-up gain of 8.86 percent and extended its advance for the second straight session.

The heavy electrical equipment maker reported a 90.3 percent year-on-year jump in net profit to Rs 261 crore for the third quarter, while total revenue rose 28.5 percent from a year ago. The company’s order backlog stood at Rs 29,872 crore.

Brokerage firm Jefferies said the company’s EBITDA beat estimates by 43 percent, aided by 420 basis points higher-than-expected EBITDA margins at 16.6 percent. Emkay Global upgraded the stock to ‘Add’ from ‘Sell’ and raised its price target by about 20 percent to Rs 20,825 from Rs 17,400, citing a robust opportunity pipeline supported by the company’s diversified product portfolio.

Meanwhile, shares of tyre maker MRF surged over 10 percent to Rs 1,49,070 per share on the NSE. The company reported a more than two-fold jump in net profit to Rs 679 crore for the December quarter, while revenue from operations rose 15.3 percent year-on-year.

In contrast, shares of BEML declined over 5 percent to Rs 1,655.40 per share on the NSE after the company posted weak earnings.

BEML reported a consolidated loss of Rs 22.38 crore for the quarter ended December 31, 2025, weighed down by higher expenses. The company had posted a consolidated profit of Rs 24.41 crore in the corresponding quarter a year ago.

The company’s consolidated income rose to Rs 1,087.13 crore during the quarter from Rs 880.28 crore in the year-ago period. Total expenses increased to Rs 1,112.54 crore from Rs 850.70 crore a year earlier, according to a regulatory filing. BEML operates across mining and construction, defence, and rail and metro segments.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Online Services Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Online Services industry stocks.

Gainers/Losers

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Earnings Review-Q3 FY25-26

Stock News

Stocks to Watch Today: SBI, Aurobindo Pharma, Ipca Labs, Tata Steel, PFC, REC, Force Motors, Kalyan Jewellers, JK Tyre, Ram Ratna Wires, Atul Auto in focus on 09 February

Promoter acquires over 0.5% stake in SG Finserve

Tata Motors PV shares fall up to 3% as firm slips into loss in Q3: Should you buy, sell or hold?

ITC, other cigarette stocks rise up to 13%: Price hike, four other reasons behind renewed buying interest

Q3 results impact: Hitachi Energy, MRF shares rise up to 12% on jump in net profit, BEML declines 5%

Online Services Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Online Services industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q3 FY25-26

Stock News

Stocks to Watch Today: SBI, Aurobindo Pharma, Ipca Labs, Tata Steel, PFC, REC, Force Motors, Kalyan Jewellers, JK Tyre, Ram Ratna Wires, Atul Auto in focus on 09 February

Promoter acquires over 0.5% stake in SG Finserve

Tata Motors PV shares fall up to 3% as firm slips into loss in Q3: Should you buy, sell or hold?

ITC, other cigarette stocks rise up to 13%: Price hike, four other reasons behind renewed buying interest

Q3 results impact: Hitachi Energy, MRF shares rise up to 12% on jump in net profit, BEML declines 5%

Online Services Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Online Services industry stocks.