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Stocks to watch: Shares of firms like IRCTC, RVNL, TVS Motor, BPCL, IRCTC, Gopal Snacks, HAL, and others will be in focus on Wednesday’s trade
Stocks to watch on February 12
Stocks to Watch on February 12: Domestic markets continued their downward trend, shedding nearly 1.3% as the corrective phase persisted. Shares of companies such as HAL, Ashok Leyland, Vodafone Idea, IRCTC, and TVS Motor will be in the spotlight today due to various news developments and third-quarter results.
HAL, Siemens, PFC, RVNL, Ashok Leyland
Shares of HAL, Siemens, PFC, RVNL, and Ashok Leyland will be in focus as they announce their third-quarter results today.
TVS Motor
TVS Motor has signed a memorandum of understanding (MoU) with the Karnataka government to invest Rs 2,000 crore over the next five years in the state.
BPCL
BPCL is progressing with its exploration and production projects overseas, including in Brazil and Mozambique. The company’s director of finance, Vetsa Rama Krishna Gupta, shared this update during the ongoing India Energy Week conference. BPCL is also set to sign a five-year liquefied natural gas (LNG) supply agreement with the Abu Dhabi National Oil Company (ADNOC) starting FY26.
L&T
Larsen & Toubro (L&T) Chairman and Managing Director SN Subrahmanyan highlighted a severe labor shortage in India’s construction sector, attributing it to workers’ reluctance to migrate to other cities. He pointed out this challenge at the CII South Global Linkages summit in Chennai, noting that while many parts of the world experience heavy migration, India faces the opposite issue.
Vodafone Idea
Vodafone Idea posted a smaller-than-expected net loss of Rs 6,609.3 crore for the October-December quarter, aided by lower finance costs and a tariff hike in July. Its net loss in the previous quarter was Rs 7,175.9 crore. The company’s revenue for the quarter stood at Rs 11,117.3 crore, a 1.7% sequential increase, but below Bloomberg’s estimate of Rs 11,363 crore.
Adani Group
In a significant development for the Adani Group, U.S. President Donald Trump issued an executive order directing the Department of Justice to pause the enforcement of a nearly five-decade-old law, which had been used to probe Gautam Adani in a bribery case.
Devyani International
Devyani International experienced a slight rise in demand in metro cities during the October-December quarter, as reported by non-executive chairman Ravi Jaipuria. The company posted a net loss of Rs 7.6 crore in Q3 FY25, primarily due to a deferred tax liability of Rs 16.2 crore. In the same quarter last year, it had reported a profit of Rs 5 crore. Total expenses rose by 54% to Rs 670 crore, while EBITDA improved from Rs 146.3 crore to Rs 219.2 crore, slightly below analysts’ expectations of Rs 220 crore.
Jupiter Wagons
Jupiter Wagons announced it had received a letter of acceptance (LoA) from Ambuja Cements Ltd and ACC Ltd, part of the Adani Cement Group, for the manufacturing and supply of BCFCM rakes and BVCM wagons. The order is valued at approximately Rs 600 crore.
Happy Forgings
Happy Forgings has secured a global contract to supply heavy forged and precision-machined parts, weighing as much as 1,000 kg, for the industrial and mining sectors. The order includes annual committed volumes of Rs 95 crore, with a peak annual revenue potential of Rs 160 crore.
HAL
Indian Air Force Chief Air Chief Marshal AP Singh expressed his continued confidence in Hindustan Aeronautics Ltd. (HAL), despite challenges over delays in deliveries and upgrades to the Light Combat Aircraft Tejas.
IRCTC
Indian Railway Catering and Tourism Corporation (IRCTC) reported a 13.7% increase in its consolidated net profit, reaching Rs 341 crore for Q3 FY25, up from Rs 300 crore during the same period last year. Revenue from operations for the quarter rose by 10%, reaching Rs 1,224.7 crore, compared to Rs 1,115.5 crore in the year-ago period.
Gopal Snacks
Gopal Snacks saw a 70% decline in its standalone net profit, which fell to Rs 5.3 crore in Q3 FY25, due to higher expenses. The company had reported a net profit of Rs 17.8 crore during the same period last year. Revenue from operations grew by 7%, reaching Rs 393.5 crore during the reported quarter, up from Rs 367.5 crore a year ago.
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