After a fluctuating day, the Indian stock market ended with modest gains on Wednesday, February 4.
The Sensex rose by 78.56 points (0.09%) to close at 83,817.69, while the Nifty increased by 48.45 points (0.19%) to settle at 25,776.
Today, Thursday, investors will focus on stocks that are releasing quarterly results, making important business announcements, showing rising profits, launching new projects, or preparing to raise funds. These stocks may see some movement.
Stocks Releasing Quarterly Results Today
The following companies will announce their quarterly results today, which may impact their share prices:
Bharti Airtel
Hero MotoCorp
Tata Motors Passenger Vehicles
Life Insurance Corporation of India
Indian Oil Corporation
FSN E-Commerce Ventures (Nykaa)
Bharti Hexacom
Aditya Birla Fashion and Retail
Alembic Pharmaceuticals
Berger Paints India
Black Buck
Godrej Properties
Hindustan Copper
Max Healthcare Institute
Mazagon Dock Shipbuilders
NCC
Power Finance Corporation
Hitachi Energy India
PVR Inox
Physixwala
Rail Vikas Nigam
Suzlon Energy
Unichem Laboratories
Voltamp Transformers
VA Tech Wabag
Company-wise Updates
Tata Power
Tata Power reported a slight rise in net profit to ₹1,194 crore in the December quarter, compared to ₹1,187 crore earlier.
Revenue fell 9.4% to ₹13,948 crore, and EBITDA dropped 9% to ₹3,055 crore. The closure of the Mundra plant affected results.
Indigo
Shares of Indigo may move today after the Competition Commission of India ordered a detailed investigation into the airline due to widespread flight cancellations in December.
Indigo holds over 65% of the domestic aviation market, while Air India and Akasa Air have 29.6% and 5.2%, respectively.
Marico
FMCG company Marico will acquire a 60% stake in wellness brand Cosmix Wellness for ₹375 crore.
This will strengthen Marico’s presence in the premium food and nutrition segment. The remaining stake will be acquired by FY29.
Trent
Tata Group retail company Trent reported 14.8% revenue growth in Q3. EBITDA rose 27.6% to ₹1,081.7 crore, exceeding expectations.
Margins expanded to 20.2%. The company said the timing of the festive season and supply-chain issues affected revenue.
NSDL
The six-month lock-in period on NSDL shares is ending. After this, 149.2 million shares (75% of total shares) will be free for trading. On Wednesday, these shares closed at ₹14,875 crore.
Apollo Tyres
Apollo Tyres reported a 39.6% profit increase in the December quarter, rising from ₹337 crore to ₹470.5 crore. Revenue increased 11.8% to ₹7,743 crore, and EBITDA rose 25.3% to ₹1,185 crore, with margins expanding to 15.3%.
Technology Stocks
Technology stocks may remain under pressure today after a heavy sell-off in the previous session. The launch of Anthropic’s AI automation tool on February 3 caused concern among investors.
There are fears that the growing impact of AI could challenge large tech companies, affecting their pricing power and future profits.
