Good Morning!
The GIFT Nifty is trading marginally lower near 25,955 indicating a neagtive open for the benchmark Nifty 50.
US and European index futures are trading higher during Asian trading hours.
- S&P 500 futures trade up 1.97%
- Euro Stoxx 50 futures down 1.23%
Market Recap
India's benchmark Nifty and Sensex ended higher for the day and the extended week on Friday, swimming through the Union Budget, India-US trade deal, Anthropic AI shock to IT and Reserve Bank of India repo rate policy. The Nifty ended 31 points or 0.1% higher at 25,674 while the BSE Sensex added 266 points or 0.3% to close at 83,580. Broader markets underperformed the benchmark, with the Nifty Midcap 150 ending flat and the Nifty Smallcap 250 closing 0.29% lower. Among frontline stocks, ITC and Kotak Bank were the top gainers on the Nifty, lending support to the index.
US Market Wrap
US stocks, which bounced back on Friday after a steep mid‑week drop, may face additional pressure in the coming days as trend‑driven algorithmic investors step up their selling, according to Goldman Sachs Group Inc.'s trading desk. Goldman says the S&P 500 has already slipped past a key short‑term threshold that triggers selling by Commodity Trading Advisers (CTAs), as per reports from Bloomberg.
The firm expects these rules‑based funds to continue offloading equities throughout the week, regardless of how the broader market moves. If the market resumes its decline, roughly $33 billion in CTA‑related stock selling could be unleashed this week. And should the S&P 500 fall below 6,707, Goldman estimates as much as $80 billion in additional systematic selling could unfold over the next month.
Asian Market Update
Asian equities climbed at the open on Monday, tracking Wall Street's strong rebound at the end of a turbulent week. Markets in Japan and South Korea led the advance, with sentiment boosted further in Tokyo after Prime Minister Sanae Takaichi secured a decisive election win. US equity futures also opened higher, extending Friday's momentum, when the S&P 500 rallied nearly 2% on renewed dip‑buying and an improvement in consumer sentiment data. South Korea's Kospi Index — often seen as a benchmark for enthusiasm around artificial intelligence–linked stocks — surged about 4%, outperforming the region, as reported by Bloomberg.
Commodity Check
Gold pushed above $5,000 an ounce as bargain hunters stepped back into the market following an unusually turbulent week for precious metals. Spot prices rose as much as 1.7% in early trading. The metal also found support from the decisive re‑election of Japan's Prime Minister Sanae Takaichi.
Oil, meanwhile, moved lower as easing geopolitical tensions in the Middle East reduced the immediate risk of supply disruptions. Brent crude slipped toward $67 a barrel after nearly a 4% drop last week, while West Texas Intermediate traded around $63. The pullback came after Iran and the United States held talks in Oman on Friday aimed at cooling tensions surrounding Tehran's nuclear program. Iran described the discussions as “a step forward,” helping calm the market's risk premium, as reported by Bloomberg.
Key Events To Watch
- Supreme Court to hear appeals filed by Meta, WhatsApp for antitrust case.
- Aye Finance IPO and Fractal Analytics IPO open for sale.
Earnings In Focus
Chemplast Sanmar, Ganesha Ecosphere, General Insurance Corporation of India, Goldiam International, HBL Engineering, Hi-Tech Pipes, India Shelter Finance Corporation, LG Balakrishnan & Bros, Mahanagar Gas, Oswal Pumps, Sarda Energy & Minerals, State Bank of India, SMS Pharmaceuticals, Tarc, Ugro Capital, VST Tillers Tractors, All Time Plastics, Apollo Micro Systems, Aurobindo Pharma, Bajaj Electricals, Bata India, Ceigall India, Cholamandalam Financial Holdings, Dynamatic Technologies, EIH Associated Hotels, Electronics Mart India, Genus Power Infrastructures, GlaxoSmithKline Pharmaceuticals, Graphite India, Gujarat State Fertilizers & Chemicals, Gulf Oil Lubricants India, Happiest Minds Technologies, Happy Forgings, Indostar Capital Finance, ISGEC Heavy Engineering, Jyothy Labs, K.P.R. Mill, Kaveri Seed Company, Linde India, Man Industries (India), Muthoot Microfin, Navin Fluorine International, Neuland Laboratories, NRB Bearings, Pfizer, PNC Infratech, P N Gadgil Jewellers, The Ramco Cements, Rolex Rings, Route Mobile, Suprajit Engineering, Supriya Lifescience, TCPL Packaging, Trident, Vadilal Industries, Venkys (India), Zydus Lifesciences
Earnings Post Market Hours
Crompton Greaves Consumer Electricals Q3 (Cons, YoY)
Revenue up 7.3% at Rs 1,898 crore versus Rs 1,769 crore
EBITDA up 2.5% at Rs 195 crore versus Rs 191 crore
EBITDA Margin down 50 bps at 10.3% versus 10.8%
Net Profit down 10.5% at Rs 98.3 crore versus Rs 110 crore
GMM Pfaudler Q3 (Cons, YoY)
Revenue up 10.2% at Rs 884 crore versus Rs 801 crore
EBITDA up 9.5% at Rs 105 crore versus Rs 95.9 crore
EBITDA Margin down 10 bps at 11.9% versus 12.0%
Net Loss at Rs 8 crore versus Profit of Rs 41.5 crore
Kalyan Jewellers Q3 (Cons, YoY)
Revenue up 42.1% at Rs 10,343 crore versus Rs 7,278 crore
EBITDA up 74.5% at Rs 750 crore versus Rs 430 crore
EBITDA Margin up 140 bps at 7.3% versus 5.9%
Net Profit up 90.3% at Rs 416 crore versus Rs 219 crore
Jana Small Finance Bank Q3 (YoY)
NII up 14.0% at Rs 675 crore versus Rs 593 crore
Operating Profit up 2.7% at Rs 287 crore versus Rs 279 crore
Net Profit down 91.2% at Rs 9.7 crore versus Rs 110.7 crore
Gross NPA at 2.59% versus 2.87% (QoQ)
Shree Cement Q3 (Cons, YoY)
Revenue up 5.0% at Rs 4,801 crore versus Rs 4,573 crore
EBITDA down 1.8% at Rs 947 crore versus Rs 965 crore
EBITDA Margin down 140 bps at 19.7% versus 21.1%
Net Profit up 37.9% at Rs 267 crore versus Rs 193 crore
Tata Steel Q3 (Cons, QoQ)
Revenue down 2.9% at Rs 57,002 crore versus Rs 58,689 crore
EBITDA down 7.8% at Rs 8,200 crore versus Rs 8,896 crore
EBITDA Margin down 80 bps at 14.4% versus 15.2%
Net Profit down 13.3% at Rs 2,689 crore versus Rs 3,102 crore
Sula Vineyards Q3 (Cons, YoY)
Revenue down 9.9% at Rs 180 crore versus Rs 200 crore
EBITDA down 39.8% at Rs 32 crore versus Rs 53.1 crore
EBITDA Margin down 880 bps at 17.7% versus 26.5%
Net Profit down 67.6% at Rs 9.1 crore versus Rs 28.1 crore
Sun TV Network Q3 (Cons, YoY)
Revenue up 4.0% at Rs 862 crore versus Rs 829 crore
EBITDA down 5.7% at Rs 420 crore versus Rs 445 crore
EBITDA Margin down 500 bps at 48.7% versus 53.7%
Net Profit down 10.8% at Rs 324 crore versus Rs 363 crore
Sanghvi Movers Q3 (Cons, YoY)
Revenue up 13.4% at Rs 236 crore versus Rs 208 crore
EBITDA up 12.4% at Rs 85.3 crore versus Rs 76 crore
EBITDA Margin down 30 bps at 36.2% versus 36.5%
Net Profit down 12.4% at Rs 29 crore versus Rs 33.1 crore
Sonata Software Q3 (Cons, QoQ)
Revenue up 45.4% at Rs 3,081 crore versus Rs 2,119 crore
EBITDA up 15.9% at Rs 200 crore versus Rs 173 crore
EBITDA Margin down 160 bps at 6.5% versus 8.1%
Net Profit down 13.1% at Rs 104 crore versus Rs 120 crore
Godawari Power & Ispat Q3 (Cons, YoY)
Revenue down 12.2% at Rs 1,139 crore versus Rs 1,298 crore
EBITDA up 3.9% at Rs 230 crore versus Rs 221 crore
EBITDA Margin up 320 bps at 20.2% versus 17.0%
Net Profit down 1.1% at Rs 143 crore versus Rs 145 crore
Whirlpool of India Q3 (Cons, YoY)
Revenue up 4.0% at Rs 1,774 crore versus Rs 1,705 crore
EBITDA up 31.4% at Rs 90.9 crore versus Rs 69.2 crore
EBITDA Margin up 100 bps at 5.1% versus 4.1%
Net Profit down 39.7% at Rs 26.5 crore versus Rs 44 crore
JK Tyre & Industries Q3 (Cons, YoY)
Revenue up 15.0% at Rs 4,223 crore versus Rs 3,674 crore
EBITDA up 81.7% at Rs 571 crore versus Rs 314 crore
EBITDA Margin up 490 bps at 13.5% versus 8.6%
Net Profit up 295.4% at Rs 208 crore versus Rs 52.6 crore
NSE Q3 (Cons, QoQ)
Revenue up 6.7% at Rs 3,925 crore versus Rs 3,677 crore
EBITDA up 100.7% at Rs 2,978 crore versus Rs 1,484 crore
EBITDA Margin up 3550 bps at 75.9% versus 40.4%
Net Profit up 14.8% at Rs 2,409 crore versus Rs 2,098 crore
Medi Assist Healthcare Q3 (Cons, YoY)
Revenue up 28.9% at Rs 240 crore versus Rs 186 crore
EBITDA up 12.3% at Rs 44.6 crore versus Rs 39.7 crore
EBITDA Margin down 280 bps at 18.6% versus 21.4%
Net Profit down 85.9% at Rs 4.2 crore versus Rs 29.5 crore
Gujarat Alkalies Q3 (Cons, YoY)
Revenue up 1.5% at Rs 1,044 crore versus Rs 1,029 crore
EBITDA up 6.9% at Rs 105 crore versus Rs 98 crore
EBITDA Margin up 50 bps at 10.0% versus 9.5%
Net Loss at Rs 20 crore versus Loss of Rs 11.2 crore
KIMS Q3 (Cons, YoY)
Revenue up 29.2% at Rs 998 crore versus Rs 772 crore
EBITDA up 6.3% at Rs 199 crore versus Rs 187 crore
EBITDA Margin down 430 bps at 19.9% versus 24.2%
Net Profit down 39.8% at Rs 53.4 crore versus Rs 88.7 crore
Bosch Q3 (Cons, YoY)
Revenue up 9.4% at Rs 4,886 crore versus Rs 4,466 crore
EBITDA up 5.1% at Rs 612 crore versus Rs 583 crore
EBITDA Margin down 50 bps at 12.5% versus 13.0%
Net Profit up 16.2% at Rs 532 crore versus Rs 458 crore
Sharda Motor Industries Q3 (Cons, YoY)
Revenue up 27.8% at Rs 882 crore versus Rs 690 crore
EBITDA up 12.6% at Rs 106 crore versus Rs 94.5 crore
EBITDA Margin down 160 bps at 12.1% versus 13.7%
Net Profit up 7.8% at Rs 81.4 crore versus Rs 75.4 crore
Baazar Style Retail Q3 (Cons, YoY)
Revenue up 13.3% at Rs 467 crore versus Rs 412 crore
EBITDA up 7.3% at Rs 89.4 crore versus Rs 83.3 crore
EBITDA Margin down 100 bps at 19.2% versus 20.2%
Net Profit down 37.7% at Rs 19 crore versus Rs 30.4 crore
S H Kelkar & Company Q3 (Cons, YoY)
Revenue up 7.5% at Rs 584 crore versus Rs 543 crore
EBITDA down 13.1% at Rs 56.1 crore versus Rs 64.6 crore
EBITDA Margin down 230 bps at 9.6% versus 11.9%
Net Profit up 86.4% at Rs 32.7 crore versus Rs 17.5 crore
G R Infraprojects Q3 (Cons, YoY)
Revenue up 36.2% at Rs 2,308 crore versus Rs 1,695 crore
EBITDA up 26.6% at Rs 468 crore versus Rs 370 crore
EBITDA Margin down 150 bps at 20.3% versus 21.8%
Net Profit down 1.0% at Rs 259 crore versus Rs 262 crore
Shipping Corporation of India Q3 (Cons, YoY)
Revenue up 22.5% at Rs 1,612 crore versus Rs 1,316 crore
EBITDA up 89.8% at Rs 679 crore versus Rs 357 crore
EBITDA Margin up 1490 bps at 42.1% versus 27.2%
Net Profit up 436.4% at Rs 405 crore versus Rs 75.5 crore
Swan Energy Q3 (Cons, YoY)
Revenue down 39.7% at Rs 1,150 crore versus Rs 1,908 crore
EBITDA at Rs 25.2 crore versus Loss of Rs 656 crore
EBITDA Margin at 2.2%
Net Loss at Rs 9.9 crore versus Profit of Rs 583 crore
Fusion Finance Q3 (YoY)
Calculated NII up 7.0% at Rs 239 crore versus Rs 225 crore
Net Profit at Rs 14.1 crore versus Loss of Rs 719 crore
Kalpataru Q3 (Cons, YoY)
Revenue down 14.1% at Rs 505 crore versus Rs 588 crore
EBITDA Loss at Rs 74.7 crore versus Profit of Rs 38.4 crore
Net Loss at Rs 62.8 crore versus Loss of Rs 21.9 crore
Prataap Snacks Q3 (Standalone, YoY)
Revenue up 3.8% at Rs 462 crore versus Rs 445 crore
EBITDA at Rs 20.3 crore versus Loss of Rs 5.4 crore
EBITDA Margin at 4.4%
Net Profit at Rs 3.3 crore versus Loss of Rs 37.9 crore
Stocks In News
- Tata Steel: The company will invest Rs. 515 crore in new iodised vacuum salt dried manufacturing facility in Tamil Nadu.
- Crompton Greaves Consumer Electricals: The company launches a range of insulated cables for the domestic market.
- PFC: The company acquires 52.6% in REC, to share detailed merger plan when finalized.
- Tamilnad Mercantile Bank: The bank announces revision in marginal cost of funds based lending rate (MCLR).
- Garware Hi-Tech Films: The company introduces 4 new products in automotive care segment.
- Tube Investments of India: The company makes a strategic entry into the metal injection molding business by acquiring 87% of Orange Kai for Rs. 73 crore.
- Advait Energy Transitions: The company receives bid confirmation for L1 stage – successful bidder having order value of Rs. 1.96 crore.
- Kalyan Jewellers: The company incorporates a subsidiary named KJG Brands to run jewellery retail showrooms focused exclusively on regional customers.
- Shalby: The company approves availing banking facilities upto Rs. 199.88 crore from IndusInd Bank, to be utilized for working capital facilities & foreign currency loan by arm.
- Hatsun Agro Product: The company brought together 5,113 children in Hyderabad to create the largest ice cream social party, setting a new Guiness world record.
- SJVN: The company's Rampur HPS sets a new benchmark with fastest-ever 2,000 MU generation.
- Atul: The company incorporates a joint-venture with Buckman Laboratories (Asia) to enter business of water treatment chemicals & solutions.
- Anand Rathi Share & Stock Brokers: The company informs that certain individuals in connivance with its employees have done fraud in depository activities of Rs. 13 crore.
- Thomas Cook (India): The company with SOTC travel ink MOU with Mauritius Tourism Promotion Authority.
- IRB Infrastructure: The company informs about traffic growth remaining strong as they achieve 15% YoY growth in aggregate toll revenue in Jan 2026.
- Ashoka Buildcon: The company's JV receives letter of acceptance for a project worth Rs. 474.38 crore. The company holds a 51% in this JV.
- NBCC (India): The company receives three work orders worth Rs. 39.5 crore.
- NBCC (India): Supreme court approves the completion of 16 stalled projects of Supertech by the company. The tentative cost of the project is Rs. 9,445 crore.
- Shree Cement: The company approves the re-appointment of Mr. Hari Bangur as the chairman of the company for 5 years.
- Bajel Projects: The company secures ultra mega (above Rs. 400 crore) power transmission order.
- Whirlpool of India: The company approves to further acquire 3.18% of its arm, Elica PB Whirlpool Kitchen Appliances. Post this, Whirlpool will own 100% of it.
- Mahindra Lifespace Developers: The company informs that Mitsubishi Electric India Expands Manufacturing Footprint with Rs. 2,100 Crore Investment at Origins by Mahindra, Chennai.
- PB Fintech: The company clarifies that the claim about them “reviving $1 billion fundraise” is factually untrue. They are not considering the QIP.
- Saatvik Green Energy: The company receives an order worth Rs. 9.63 crore for the supply of solar PV modules.
- Godawari Power & Ispat: The company will acquire 4 nos. of railway wagons for transportation of raw material & finished goods for Rs. 120 crore.
- Godawari Power & Ispat: The company will dispose entire stake in Ardent Steel for Rs 90.87 crore.
- Godawari Power & Ispat: The company will invest Rs. 200 crore in its arm in addition to existing investment of Rs. 300 crore for capex & working capital requirements to set up BESS plant.
- Ram Ratna Wires: The company appoints Mr. Iqbal Singh Saggu as the CFO & senior VP (Finance).
- Aurobindo Pharma: The company informs about USFDA inspection at their arm's facility which ended with 11 observations.
- HCL Tech: The company has been named to Fortune's world's most admired companies list.
- JK Tyre: The company approves expansion of TBR, ASLTR & PCR tyres with an investment of Rs 1,130 crore.
- JK Lakshmi Cement: The company receives cancellation of MDO agreement between AMDCL and them.
- Sharda Motor Industries: The company will set up a new manufacturing unit at Haridwar with 1.50 pa capacity with an investment of Rs. 20 crore.
- Shilpa Medicare: The company files its first-ever transdermal patch submission to USFDA.
- Sanghi Movers: The company incorporates an arm in Qatar to carry on the business of crane rental services.
- Gujarat Alkalies & Chemicals: The company approves to avail line of credit from GSFS for Rs. 250 crore.
- Gujarat Alkalies & Chemicals: The company approves installation of two bio fuel/coal fired boilers each at Vadodara & Dahej complex.
- Gujarat Alkalies & Chemicals: The company approves installation of 33870 TPA food grade phosphoric acid plant with an estimated project cost of Rs. 560 crore. Will contribute additional revenues upto Rs. 350 crore.
- Gujarat Alkalies & Chemicals: The company approves enhancement of KOH capacity from 120 TPD to 200 TPD at a cost of Rs. 80 crore. This will increase annual revenue by Rs. 130 crore at CMP.
- Hindustan Zinc: The company in collaboration with Jawaharlal Nehru Centre has developed stable & reliable zinc-ion battery pouch cell prototypes for large-scale renewable energy storage.
- Force Motors: The company will acquire 100% shares in VTPL for Rs. 175 crore.
- Krishna Institute of Medical Sciences: The company consents to increase the further limit upto Rs. 100 crore to acquire Sarvejana Healthcare.
- PB Fintech: RBI allows the company's arm to carry payment aggregator biz.
- IREDA: The company approves to raise Rs. 2,994 crore via QIP.
- Cohance Life: USFDA ends inspection at the company's Hyderabad unit with 6 observations.
- Electrosteel Castings: The company re-appoints Mr. Sunil Katial as the CEO for 5 years.
- Leela Palaces Hotels & Resorts: The company's arm receives an assessment order issued by the income tax department for assessment year 2023-24.
- Karnataka Bank: The bank's CIO & CTO Mr. Venkat Veeramoni has resigned.
- TruAlt Energy: The company has been allowed 90 day extension by Karnataka HC to supply 1.56 KL Ethanol worth Rs. 1,075 crore.
- IFGL Refractories: The shareholders have approved re-appointment of Mr. Shishir Bajoria as executive chairman of the company.
- Brightcom Group: The company appoints Mr. Ravindra Kondamuri as the CFO & Mr. Narayana Raju as the CEO.
- Epack Durable: The company receives Phase III incentive of Rs. 7.4 crore under M-SIPS.
- Globus Spirits: The company launches “Globus Spirits Ryder” in tetra pack at 90/180 ml, launches new brand in Uttar Pradesh.
IPOs To Open Today
Aye Finance
- The Company operates as an NBFC offers secured and unsecured small business loans for working capital, including mortgage loans
- The company's IPO is set to open today in trade; Size of this IPO is Rs 1,010.00 crore and has a fresh issue worth Rs 710.00 crore & rest OFS of Rs 300 crore.
- The Price band is set between Rs 122 to Rs 129 per share
Fractal Analytics
- The Company operates as a global enterprise AI and analytics firm, supports major companies in making more intelligent decisions.
- The company's IPO is set to open today in trade; Size of this IPO is Rs 2,833.90 crore and has a fresh issue worth Rs 1,023.5 crore & rest OFS of Rs 1,810.4 crore.
- The Price band is set between Rs 857 to Rs 900 per share
Bulk And Block Deals
SG Finserve: S Gupta Holding bought 3 lakh shares at Rs. 356.32 a piece.
Vadilal Industries: PSL bought 1.18 lakh shares at Rs. 4,581.22 a piece and KIFS Enterprise sold 92,000 shares at Rs. 4,578.47 a piece.
Insider Trades
Advanced Enzyme Technologies: Vasant Rathi, Promoter and Director, acquires 21,334 shares.
Onesource Speciality Pharma: Tenshi Pharmaceuticals, Promoter, acquires 5.65 lakh shares and Pronomz ventures, Promoter Group, acquires 78,906 shares.
Corporate Actions
Go Fashion (India) Ltd. Buy Back
Shares to exit anchor Lock-in on
Billionbrains Garage Ventures – 9th Feb: 3 months share lock-in,149 mn lock-in shares, 2% of total outstanding shares
Ceigall India – 9th Feb: 1.5 yrs share lock in, 34.8 mn lock-in shares, 20% of total outstanding shares
Board Meeting
Sterlite Technologies Limited – Fund Raising
India Shelter Finance Corporation Limited – Fund Raising
Muthoot Microfin Limited – Fund Raising
Lloyds Enterprises Limited - Fund Raising
List of securities shortlisted in Short - Term ASM Framework Stage: Oriana Power, Pokarna, Shreeji Shipping, Ujaas Energy.
List of securities to be excluded from ASM Framework: Bajaj Consumer Care
Price Band Changes: NIL
F&O Cues
- Nifty Feb futures is up 0.02% to 25,729.80 at a premium of 36 points.
- Nifty Options 10th Feb Expiry: Maximum Call open interest at 27,000 and Maximum Put open interest at 25,500.
Securities in ban period: SAMMAANCAP
Also Read: Sensex, Nifty Log Weekly Gains After Powering Through Budget, US Trade Deal, Anthropic Shock
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