Stocks to Watch, Feb 10: Steel stocks, Nykaa, Eicher, M&M, Vedanta, BEL

At 6:36 AM, GIFT Nifty Futures were trading 47 points lower at 23,568, indicating a negative start for the Indian bourses

Stocks to watch on February 10: Q3 results, Trump tariffs, weak global cues are likely to weigh on Indian benchmarks, Nifty50 and Sensex, on Monday, February 10, 2025. At 6:36 AM, GIFT Nifty Futures were trading 47 points lower at 23,568, indicating a negative start for the Indian bourses.

 

Asia-Pacific markets fell on Monday amid growing concerns over escalating trade tensions due to a potential 25 per cent tariff on steel and aluminum imports, as announced by US President Donald Trump. Nikkei dropped 0.4 per cent, while Kospi 0.58 per cent. ASX 200 was down 0.3 per cent.

 

Back home, stocks fell on Friday, February 7, as the Reserve Bank of India (RBI) 25 bps rate cut to 6.25 per cent failed to impress the D-Street.

Meanwhile, here are stock to keep on the radar today:

 

Q3 results: Nykaa, Grasim Industries, Apollo Hospitals, Eicher Motors, Nalco, CRISIL, Bata India, Patanjali Foods, Varun Beverages, Ashoka Buildcon and Escorts Kubota among others to announce Q3 results today.

Steel stocks: Steel stocks will be in focus as Trump announced that he was planning a 25 per cent tariff on all steel and aluminum imports.

 

Oil India: Recorded a 44 per cent drop in net profit to Rs 1,457 crore and a 16.7 per cent decline in revenue to Rs 9,089 crore.

 

LIC: Reported a 16 per cent Y-o-Y increase in net profit to Rs 11,009 crore, despite a 9 per cent decline in net premium income to Rs 1.07 lakh crore

Bharat Electronics: Received orders worth Rs 962 crore, including a Rs 610 crore contract for supplying Electro-Optic Fire Control Systems to the Indian Navy.

 

Shipping Corporation of India: Reported a 43.8 per cent annual drop in net profit at Rs 75.5 crore in Q3FY25, as against Rs 134.4 crore a year ago.

 

Vedanta: Received two orders totaling Rs 141.4 crore in penalties from the CGST & Central Excise, Rourkela Commissionerate.

 

Mahindra & Mahindra: Net profit rose 19 per cent to Rs 2,964 crore, driven by strong demand for SUVs and tractors. Revenue from operations increased 20 per cent to Rs 30,538 crore.

Hitachi Energy India: Received LoI from Rajasthan Part I Power Transmission Limited for a JV with BHEL to design and execute an HVDC link to transmit renewable energy from Bhadla III (Rajasthan) to Fatehpur (Uttar Pradesh).

 

HDFC Bank: Increased MCLR for overnight tenure by 5 bps to 9.20 per cent, despite RBI cutting the repo rate by 25 bps to 6.25 per cent.

 

Delhivery: Reported 113.68 per cent YoY jump in net profit to Rs 25 crore for Q3. Revenue increased 8.4 per cent YoY to Rs 2,378.3 crore, but Ebitda fell 6.2 per cent YoY to Rs 102.4 crore.

 

L&T Finance: Approved the acquisition of Paul Merchants Finance’s gold loan business for Rs 537 crore via slump sale.

 

Waaree Energies: Commenced operations at its 1.4 GW solar cell manufacturing facility in Gujarat.

 

ABFRL: Entered into a pact with Fidelity to subscribe to 3.95 crore shares of the company.

 

Popular Vehicles: Received LoI to establish a 3S facility for JLR vehicles in Nagpur, operations to start FY26. Another unit to establish an Ather Space 3.0 in Thiruvananthapuram.

 

Firstsource Solutions: Board approved share purchase agreement to acquire 100 per cent of AccunAI for Rs 8.1 crore.