Muthoot Finance, Gland Pharma, Concor, Mahindra & Mahindra: Stocks to watch on Thursday

Stocks to watch on Thursday, February 15: At 7:50 am, Gift Nifty futures traded higher by 68.15 points, or 0.31 per cent, at 21,985, indicating that indices will start the day on a positive note. The stock market exhibited resilience on Wednesday (February 14), shrugging off initial losses to close on a positive note.

Despite a rocky start, equity benchmark indices rebounded later in the trade, reflecting investor optimism. 

Sensex surged by 277.98 points to settle at 71,833.17, while Nifty climbed 96.80 points to close at 21,840.05. Amid the market rally, 35 out of the 50 Nifty companies witnessed gains, while 15 ended the day in the red.

Here are some stocks that will be in the limelight on Thursday, February 15.

Results on February 15: EPAC Durable and R Systems International will release their Q3 results. 

Muthoot Finance: The company recorded a consolidated net profit of Rs 1,145.3 crore against Rs 933.93 crore year-on-year (YoY), an increase of 22.6 per cent. The revenue from operations of the company stood at Rs 3,820 crore for the quarter that ended December 31, compared to Rs 3,009.6 crore a year ago. 

Gland Pharma: The pharmaceutical company recorded a consolidated net profit of Rs 191.86 crore in Q3 against Rs 231.95 crore year-on-year (YoY), a decline of 17.3 per cent. The revenue from operations of the company stood at Rs 1,545.2 crore for the quarter ended December 31, compared to Rs 938.29 crore a year ago. 

CONCOR: Container Corporation of India (CONCOR) and Container Company of Bangladesh Ltd. (CCBL) have signed a Memorandum of Understanding (MOU) for developing modalities for running container trains between India and Bangladesh to facilitate cross-border trade, besides developing various infrastructure, logistics businesses, and project-related services. This is an enabled extension of the existing agreement until April 7, 2027. 

PC Jeweller: The company reported a net loss of Rs 200.65 crore in the third quarter ended December 31 against Rs 67.19 crore a year ago. The total income of the company for the quarter under review stood at Rs 43.48 crore, against Rs 882.83 crore in the year-ago period.

NMDC: The minerals company posted good operational performance, with revenues inching 45 per cent on year. The profit margin at the company grew by 37.5 per cent on year. 

Muthoot Finance: The gold-financing company posted in-line results, with margins being steady. Asset quality also improved.

Aditya Birla Fashion: The company posted in-line results, with new business doing well. The top line at the company logged 16 per cent growth on year.

Crompton Greaves Consumers: The company beat estimates in its Q3 earnings. Margins at the company declined on year to 8.9 per cent.

Glenmark Pharma: The company missed estimates on account of one-time big adjustments. The company's Q3 loss stood at Rs 470 crore as against a profit of Rs 474 crore registered in the same period last year.

Sun TV: The company's Q3 results came in mixed, with margins shrinking to 63.8 per cent in the quarter under review.

Shriram Finance: In the company's subsidiary, Shriram Housing Finance, companies including Bain Capital, Advent International, and CVC Capital may buy a stake.

Paytm: On reports that the Enforcement Directorate has filed a case for not complying with the FEMA, Vijay-Shekhar Sharma clarified that the company has been receiving notices and other requisitions from ED and other authorities. And in respect of the same, the company is offering its full support and furnishing the necessary documents.

(With inputs from agencies.) 

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