Bharti Airtel Ltd., Hero MotoCorp, Zomato Ltd., State Bank Of India and ITC Ltd. are some of the stocks that will be on the radar on Friday.
Cholamandalam Investment and Finance Co., NLC India Ltd., Nestle India Ltd., Computer Age Management Services Ltd., Power Grid Corp., Marico Ltd., Oil & Natural Gas Corp., GAIL (India) Ltd. and Garden Reach Shipbuilders & Engineers Ltd. are some of the stocks that will go into ex-trade.
Stocks To Watch
Hero MotoCorp: The firm announced a record interim dividend of Rs 100 per share, having nominal value of Rs 2 each, for the fiscal 2024-25. Its standalone net profit rose 12.1% year-on-year to Rs 1,203 crore in the three months ended Dec. 31, 2024, and revenue increased 5% to Rs 10,211 crore.
Zomato: The company approved a name change to Eternal Ltd. Chief Executive Officer Deepinder Goyal told shareholders that the change applies only to the company, not the brand or application. The stock ticker will change from ZOMATO to ETERNAL.
SBI: The banking company saw its net profit for the October-December quarter rise 84% year-on-year to Rs 16,891 crore.
ITC: The firm has declared an interim dividend of Rs 6.5 per equity share having a face value of Rs 10 each for the fiscal ending March 31, 2025. The company also posted a marginal rise of 1.18% in the standalone net profit in the December quarter of the current financial year.
Bharti Airtel: Bharti Airtel will transfer around 12,700 towers for up to Rs 2,174.6 crore, to Indus Towers. The company also announced its consolidated net profit which surged over fourfold sequentially in the third quarter of the current financial year, beating analysts' estimates.
Bharti Hexacom: Bharti Hexacom will sell approximately 3,400 towers for up to Rs 1,134.1 crore to Indus Towers.
Indus Towers: The company's board approved the acquisition of telecom towers from Bharti Airtel & Bharti Hexacom through slump sale for an aggregate of Rs 3,309 crore.
Bajaj Finserv: Bajaj Allianz's subsidiary, Bajaj Allianz General Insurance Co., reported a general insurance premium of Rs 1,331 crore for the month, while another subsidiary, Bajaj Allianz Life Insurance Co., recorded a total life insurance premium of Rs 1,055 crore.
Vedanta: To consider issuance of non-convertible debentures on private placement basis on Feb. 11.
Britannia Industries: The company's consolidated net profit grew 4.6% in the third quarter of the current financial year, beating analysts' estimates.The biscuit maker posted a profit of Rs 582 crore in the quarter ended Dec. 31, 2024.
Stocks trading ex-dividend: Julien Agro Infratech (Rs 0.05) , Wonder Electricals ( Rs 0.1), Hikal (Rs 0.6), Gateway Distriparks (Rs 0.75), Jindal Stainless, Cholamandalam Investment And Finance Company (Rs 1.3), NLC India (Rs 1.50), Vaibhav Global (Rs 1.5), Steelcast (Rs. - 1.80), Sundaram Finance (Rs 14), Nestle India (Rs 14.25), Computer Age Management Services (Rs 17.5), Clean Science And Technology, Tube Investments Of India ( Rs 2.0), Banaras Beads (Rs 2.25), Shyam Metalics And Energy (Rs 2.25), Epigral (Rs 2.5), K.P.R. Mill (Rs 2.5), Shanthi Gears (Rs 3.0), Power Grid Corporation Of India (Rs 3.25), Kirloskar Pneumatic Co. (Rs 3.5), Marico (Rs 3.5), Quess Corp (Rs 4.0), Jasch Gauging Technologies (Rs 5), Oil And Natural Gas Corporation (Rs 5.0), Shriram Pistons & Rings (Rs 5), Gail (India) (Rs 6.5), J.B.Chemicals & Pharmaceuticals ( Rs 8.5), Garden Reach Shipbuilders & Engineers (Rs 8.95)
Stocks trading ex-bonus: Sangam Finserv
Stocks trading ex-split: AGI Infra and Rama Phosphates
Sectors/Stocks Likely To React To RBI Rate Cuts
A rate-cut announcement by the RBI in their policy meeting may trigger movement in these sectors.
Banking and Financial Services
Banks are directly impacted by changes in interest rates.
Real Estate Sector
The real estate sector is highly sensitive to interest rates. Lower interest rates typically make home loans more affordable.
Automotive Sector
The automotive sector is also sensitive to interest rates. Lower rates can make car loans more affordable.
Infrastructure
Infrastructure projects can be financed more cheaply when interest rates are low.
The following data shows the potential percentage sensitivity of the following finance stocks to a 25-basis points rate cut to the profit before tax:
Bajaj Finance: -0.4%
Aavas Financiers: -0.2%
Shriram Finance: +0.9%
Muthoot (Standalone): +1.2%
Cholamandalam Finance: +1.4%
L&T Finance: +1.7%
SBI Cards: +2.6%
LIC Housing Finance: -7.4%
Manappuram (Consolidated): +2.3%
PNB Housing Finance: -2.6%
The RBI policy meeting also focuses on currency, which may influence export-facing companies.
Stocks Exposure to Export Markets Include:
Sona BLW Precision Forgings derives 40% of its revenue from North America and has an operational plant in Irapuato, Mexico. The company is also set to commission another plant in Silao, Mexico by the third quarter of the next fiscal.
Samvardhana Motherson generates 18% of its revenue from the USA, 4% from Mexico, and 11% from China. The company plans to commission one plant in Mexico by the next quarter and three plants in China by the second quarter of the next fiscal.
JK Tyre’s exports account for 16% of its revenue. Balkrishna Industries earns 16% of its revenue from the Americas. Polycab’s international business contributes 8% to its overall revenue.
Key Export-Facing Sectors:
The IT and pharmaceutical sectors have substantial exposure to the US market, contributing significantly to their overall revenue streams. In the pharmaceutical sector, Dr. Reddy's derives 46% of its revenue from the US, Lupin gets 37%, Sun Pharma has 32%, Cipla's share is 28%, and Torrent Pharma earns 10% from the US. In IT, companies like TCS, Infosys, Wipro, HCL Tech, and Tech Mahindra have a considerable portion of their revenue coming from the US market.
Impact on Banks:
Negative Impact:
Initially, there is a negative bias as loan rates adjust to new interest rate levels.
Deposit rates will adjust with a lag, which could lead to margin pressures in the short term.
Positive Impact:
Over time, deposit competition will ease, and deposit rates will gradually adjust downward over 2-4 quarters.
As deposit rates stabilise, margins will eventually recover.
Positive for Banks with Large Fixed-Rate Loan Books:
Banks with a significant portion of fixed-rate loans, such as Equitas, are likely to benefit.
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