SBI, Paytm, UPL, IndiGo, Delhivery, Tata Motors: Stocks to watch on Monday

Stocks to watch on Monday, February 5: At 8:16 AM, GIFT Nifty futures traded 0.05 per cent lower at 21,923, indicating a flat start for the domestic indices on Monday. The market staged a strong comeback on Friday in the intraday trade, with the Nifty hitting its lifetime peak, tracking a rally in global markets along with buying in Reliance Industries, Infosys, and Tata Consultancy Services.

However, the indices pared gains later. Finally, the 30-share BSE Sensex climbed 440.33 points, or 0.61 per cent to settle at 72,085.63. The Nifty went up by 156.35 points, or 0.72 per cent, to 21,853.80.

Here are some stocks that will be in focus on Monday, February 5.

Paytm: As per reports, stock exchanges BSE and NSE have revised Paytm's circuit limit to 10 per cent from 20 per cent. 

The parent company of the fintech issued a clarification that neither the company nor its founder and CEO are being investigated by the Enforcement Directorate regarding money laundering.

"In the past, certain merchants/users on our platforms have been subject to inquiries, and on those occasions, we have always cooperated with the authorities. During any such investigations by the authorities on any set of merchants/users in the past, we have cooperated with them on these investigations. This has been previously disclosed to the stock exchanges," the filing added.

SBI: The country's largest lender SBI on Saturday reported a 35 per cent fall in standalone net profit to Rs 9,164 crore for the December quarter. State Bank of India (SBI) had earned a net profit of Rs 14,205 crore in the year-ago period. The bank's total income rose to Rs 1,18,193 crore in the third quarter of the ongoing fiscal as against Rs 98,084 crore in the same period a year ago, the bank said in a regulatory filing. READ MORE

UPL: The sustainable agriculture products and solutions provider last week reported a consolidated loss of Rs 1,217 crore during the December 2023 quarter. The company's net profit stood at Rs 1,087 crore during the corresponding quarter of the previous financial year, the company said in a regulatory filing.

Results on February 5: Cholamandalam Financial Holdings, Fusion Micro Finance, GIC Housing Finance, Gulf Oil Lubricants India, Ideaforge Technology, Kansai Nerolac Paints, Orient Cement, BSE, Bajaj Electricals, Sun Pharma Advanced Research Company, Varun Beverages, Bajaj Consumer Care, EIH Associated Hotels, Sundaram Finance, and SMC Global Securities are some companies that will release their Q3 results.

InterGlobe Aviation, or IndiGo: The aviation company posted a consolidated net profit of Rs 2998.1 crore against Rs 1422.6 crore YoY. The total income for the quarter under review stood at Rs 20,062 crore, up from Rs 15,410 crore a year ago. 

Tata Motors: The Tata Group company reported a consolidated profit of Rs 7,145.43 crore against Rs 3,043.15 crore a year ago. The total income for the third quarter ended December 31 stood at Rs 112.075.94 crore, up from Rs 89,618.97 crore a year ago.

Aurobindo Pharma: The United States Food and Drug Administration (US FDA) inspected Unit-II of Eugia Pharma Specialities Ltd., a subsidiary of the company, situated in Telangana, from January 22 to February 2, 2024. The inspection closed with nine observations. As per the filing, the company has temporarily stopped manufacturing on certain lines to conduct a holistic investigation and corresponding partial distribution.

Delhivery: The company recorded a net profit of Rs 11.706 crore for Q3 against the loss of Rs 195.65 crore a year ago. The company's total income stood at Rs 2325.3 crore for the quarter under review, against Rs 1,918.1 crore YoY.

LIC Housing: Mortgage lender LIC Housing Finance on Friday reported a more than two-fold jump in profit at Rs 1,163 crore in the third quarter ended December 2023. The housing finance subsidiary of LIC earned a net profit of Rs 480 crore in the same quarter a year ago. Its total income increased to Rs 6,792 crore during the quarter under review against Rs 5,876 crore in the same period last year, LIC Housing Finance said in a regulatory filing.

Metropolis: Diagnostics player Metropolis Healthcare on Friday reported a 25 per cent year-on-year decline in consolidated net profit at Rs 27.3 crore for the October-December quarter of the current financial year against a profit of Rs 35.9 crore in the same period last year.

(With inputs from agencies.)

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