Stock Market Today: All You Need To Know Going Into Trade On Feb. 7

Stocks in the Asia-Pacific region declined on Friday after a volatile week as traders await the key US jobs data due Friday to provide fresh cues.

Japan's Nikkei was down 240 points, or 0.62% at 38,827, while South Korea's Kospi fell 0.23%, or 6 points to 2,530 as of 6:30 a.m. Future contracts in China hinted at a positive stock start while Hong Kong looks poised for losses.

Stocks in China and Hong Kong closed over 1% higher on Thursday, a few days after the South Asian country imposed retaliatory tariffs almost immediately after US tariffs came into force.

Meanwhile, Wall Street remained muted amid mixed earnings. The S&P 500 and the tech-heavy Nasdaq Composite rose 0.36% and 0.51%, respectively. The Dow Jones Industrial Average fell 0.28%.

The dollar remained unchanged while the US Treasuries were slightly lower on Thursday. The dollar index — which tracks the greenback's performance against a basket of 10 leading global currencies — was 0.10% up at 107.68.

Crude oil prices headed for a third weekly decline amid rising US-China trade tensions. The Brent crude was up 0.03% at $74.31 a barrel as of 6:42 a.m. IST, and the West Texas Intermediate was down 0.23% at $70.60.

The NSE Nifty 50 and BSE Sensex ended lower for a second consecutive session on Thursday, while market participants await the outcome of the Reserve Bank of India's Monetary Policy Committee's meeting. Trent Ltd. and Bharti Airtel Ltd. share prices weighed on the benchmarks the most.

The NSE Nifty 50 ended 92.95 points or 0.39% down at 23,603.35 and the BSE Sensex settled 213.12 points or 0.27% lower at 78,058.16.

Foreign portfolio investors stayed net sellers of Indian equities for the second straight day on Thursday as they sold stocks worth approximately Rs 3,549.95 crore.

Domestic institutional investors stayed net buyers for the second straight session as they mopped up equities worth Rs 2,721.7 crore, according to provisional data from the National Stock Exchange.

Indian rupee closed 12 paise lower at a record closing low of 87.58 against the dollar.

Hero MotoCorp (Standalone, YoY)

• Revenue up 5% at Rs 10,211 crore versus Rs 9,724 crore.

• Net profit up 12.1% at Rs 1,203 crore versus Rs 1,073 crore.

• Ebitda up 8.4% at Rs 1,476 crore versus Rs 1,362 crore.

• Ebitda margin at 14.5% versus 14%.

ITC Q3 Earnings (Standalone, YoY)

• Revenue up 8.45% at Rs 18290.24 crore versus Rs 16864.34 crore.

• Ebitda up 1.55% at Rs 5828.38 crore versus Rs 5739.37 crore.

• Margin at 31.86% versus 34.03% down 216 bps.

• Net profit up 1.18% at Rs 5638.25 crore versus Rs 5572.07 crore.

Britannia Industries Q3FY25 Highlights (Consolidated, YoY)

• Revenue up 7.9% at Rs 4,593 crore versus Rs 4,256 crore.

• Ebitda up 2.9% at Rs 845 crore versus Rs 821 crore.

• Ebitda margin at 18.4% versus 19.3%.

• Net profit up 4.6% at Rs 582 crore versus Rs 556 crore.

Bharti Airtel Q3FY25 Highlights (Consolidated, QoQ)

• Revenue up 8.8% at Rs 45,129 crore versus Rs 41,473 crore (Bloomberg estimate: Rs 43955 crore).

• Ebitda up 12.6% at Rs 24,597 crore versus Rs 21,846 crore (Bloomberg estimate: Rs 23743 crore).

• Ebitda margin at 54.5% versus 52.7% (Bloomberg estimate: 54%).

• Net profit at Rs 14,781 crore versus Rs 3,593 crore (Bloomberg estimate: Rs 5023 crore).

Bharti Hexacom Q3FY25 Highlights (Consolidated, YoY)

• Revenue up 24.9% at Rs 2,251 crore versus Rs 1,801 crore (Bloomberg estimate: Rs 2195 crore).

• Ebitda up 39.2% at Rs 1,152 crore versus Rs 828 crore (Bloomberg estimate: Rs 1086 crore).

• Ebitda margin at 51.2% versus 45.9% (Bloomberg estimate: 49.5%).

• Net profit up 22.5% at Rs 261 crore versus Rs 213 crore (Bloomberg estimate: Rs 298 crore).

BSE Q3FY25 Highlights (Consolidated, QoQ)

• Revenue up 4% at Rs 774 crore versus Rs 746 crore.

• Operating Ebitda down 39% at Rs 237 crore versus Rs 389 crore.

• Operating Ebitda margin at 31% versus 52%.

• Net profit down 37% at Rs 220 crore versus Rs 347 crore.

Apollo Tyres Q3FY25 Highlights (Consolidated, YoY)

• Revenue up 5% at Rs 6,928 crore versus Rs 6,595 crore (Bloomberg estimate: Rs 6895 crore).

• Ebitda down 21.6% at Rs 947 crore versus Rs 1,208 crore (Bloomberg estimate: Rs 1040 crore).

• Ebitda margin at 13.7% versus 18.3% (Bloomberg estimate: 15.1%).

• Net profit down 32.1% at Rs 337 crore versus Rs 497 crore (Bloomberg estimate: Rs 421 crore).

Sobha Q3FY25 Highlights (Consolidated, YoY)

• Revenue up 78.72% at Rs 1224.1 crore versus Rs 684.9 crore (Bloomberg estimate: Rs 1013 crore).

• Ebitda down 9.29% at Rs 67.24 crore versus Rs 74.13 crore (Bloomberg estimate: Rs 117 crore).

• Margin at 5.49% versus 10.82% down 533 bps (Bloomberg estimate: 11.5%).

• Net profit up 43.73% at Rs 21.69 crore versus Rs 15.09 crore (Bloomberg estimate: Rs 55 crore).

Motherson Sumi Wiring India Q3FY25 Highlights (YoY)

• Revenue up 8.8% at Rs 2,300 crore versus Rs 2,114 crore (Bloomberg estimate: Rs 2383 crore).

• Ebitda down 9.3% at Rs 238 crore versus Rs 262 crore (Bloomberg estimate: Rs 266 crore).

• Ebitda margin at 10.3% versus 12.4% (Estimate: 11.2%).

• Net profit down 16.6% at Rs 140 crore versus Rs 168 crore (Estimate: Rs 163 crore).

The Ramco Cements Q3FY25 Highlights (Consolidated, YoY)

• Revenue down 6% at Rs 1,983 crore versus Rs 2,111 crore.

• Ebitda down 29.6% at Rs 279 crore versus Rs 396 crore.

• Ebitda margin at 14.1% versus 18.8%.

• Net profit at Rs 182 crore versus Rs 84.5 crore.

• Net profit aided by Rs 188.58 crore exceptional item.

Cochin Shipyard Q3FY25 Highlights (Consolidated, YoY)

• Revenue up 8.63% at Rs 1147.64 crore versus Rs 1056.4 crore

• Ebitda down 23.43% at Rs 237.45 crore versus Rs 310.1 crore

• Margin at 20.69% verus 29.35% down 866 bps

• Net profit down 27.57% at Rs 176.99 crore versus Rs 244.38 crore

Aurobindo Pharma Q3FY25 Highlights (Consolidated, YoY)

• Revenue up 8.5% at Rs 7,979 crore versus Rs 7,352 crore (Bloomberg estimate: Rs 7816 crore).

• Ebitda up 1.7% at Rs 1,628 crore versus Rs 1,601 crore (Bloomberg estimate: Rs 1648 crore).

• Ebitda margin at 20.4% versus 21.8% (Bloomberg estimate: 21.1%).

• Net profit down 9.7% at Rs 846 crore versus Rs 936 crore (Bloomberg estimate: Rs 893 crore).

DCX Systems Q3FY25 Highlights (Consolidated, YoY)

• Revenue up 0.9% at Rs 200 crore versus Rs 198.2 crore.

• Ebitda down 80.28% at Rs 2.89 crore versus Rs 14.7 crore.

• Margin at 1.44% vs 7.41% down 597 bps.

• Net profit down 25.37% at Rs 10 crore versus Rs 13.4 crore.

GMM PFAUDLER Q3FY25 Highlights (Consolidated, YoY)

• Revenue down 6.4% at Rs 801 crore versus Rs 856 crore.

• Ebitda down 15.8% at Rs 95.9 crore versus Rs 114 crore.

• Ebitda margin at 12% versus 13.3%.

• Net profit up 43.6% at Rs 41.5 crore versus Rs 28.9 crore.

NCC Q3FY25 Highlights (Consolidated, YoY)

• Revenue up 1.6% at Rs 5,345 crore versus Rs 5,260 crore.

• Ebitda down 12.8% at Rs 441 crore versus Rs 505 crore.

• Ebitda margin at 8.2% versus 9.6%.

• Net profit down 12.4% at Rs 193 crore versus Rs 221 crore.

Sonata Software Q3FY25 Highlights (Consolidated, QoQ)

• Revenue up 31% at Rs 2,843 crore versus Rs 2170 crore (Bloomberg estimate: Rs 2770 crore).

• Ebit down 9% at Rs 131 crore versus Rs 144 crore (Bloomberg estimate: Rs 176 crore).

• Ebit Margin at 4.6% Vs 6.7% (Bloomberg estimate: 6.4%).

• Net Profit down 1.4% at Rs 105 crore versus Rs 106 crore (Bloomberg estimate: Rs 129 crore).

KRBL Q3FY25 Highlights (Consolidated, YoY)

• Revenue up 17% at Rs 1,682 crore versus Rs 1,438 crore.

• Ebitda up 9.5% at Rs 195 crore versus Rs 178 crore.

• Ebitda margin at 11.6% versus 12.4%.

• Net profit down 0.9% at Rs 133 crore versus Rs 134 crore.

Goodluck India Q3FY25 Highlights (Consolidated, YoY)

• Revenue up 7.25% at Rs 941.98 crore versus Rs 878.27 crore.

• Ebitda up 7.97% at Rs 80.15 crore versus Rs 74.23 crore.

• Margin at 8.5% versus 8.45% up 5 bps.

• Net profit up 28.95% at Rs 40.97 crore versus Rs 31.77 crore.

Greenply Industries Q3FY25 Highlights (Consolidated, YoY)

• Revenue up 5.56% at Rs 614.45 crore versus Rs 582.08 crore (Bloomberg estimate: Rs 611 crore).

• Ebitda up 7.45% at Rs 54.05 crore versus Rs 50.3 crore (Bloomberg estimate: Rs 55 crore).

• Margin at 8.79% versus 8.64% up 15 bps (Bloomberg estimate: 14.2%).

• Net profit down 8.96% at Rs 24.46 crore v Rs 26.87 crore (Estimate: Rs 20.4 crore).

Krishna Institute of Medical Sciences Q3FY25 Highlights (Consolidated, YoY)

• Revenue up 27.5% at Rs 772 crore versus Rs 606 crore (Bloomberg estimate: Rs 756 crore).

• Ebitda up 27.3% at Rs 187 crore versus Rs 147 crore (Bloomberg estimate: Rs 203 crore).

• Ebitda margin at 24.2% versus 24.3% (Bloomberg estimate: 26/9%).

• Net profit up 23.5% at Rs 88.7 crore versus Rs 71.8 crore (Bloomberg estimate: Rs 93 crore).

NOCIL Q3FY25 Highlights (Consolidated, YoY)

• Revenue down 6.75% at Rs 318 crore versus Rs 341 crore (Bloomberg estimate: Rs 355 crore)

• Ebitda down 50.97% at Rs 24.02 crore versus Rs 48.99 crore (Estimate: Rs 40 crore).

• Margin at 7.55% versus 14.36% down 681 bps (Bloomberg estimate: 11.3%)n

• Net profit down 57% at Rs 12.9 crore versus Rs 30 crore (Bloomberg estimate: Rs 26 crore).

TD Power Systems Q3FY25 Highlights (Consolidated, YoY)

• Revenue up 44.4% at Rs 350 crore versus Rs 243 crore (Bloomberg estimate: Rs 323 crore).

• Ebitda up 54.3% at Rs 61 crore versus Rs 40 crore (Bloomberg estimate: Rs 39 crore).

• Ebitda margin at 17.5% versus 16.4% (Bloomberg estimate: 12.1%).

• Net profit up 50.3% at Rs 45 crore versus Rs 30 crore (Bloomberg estimate: Rs 28 crore).

PG Electroplast Q3FY25 Highlights (Consolidated, YoY)

• Revenue up 81.9% at Rs 968 crore versus Rs 532 crore (Bloomberg estimate: Rs 788 crore).

• Ebitda at Rs 85.2 crore versus Rs 42 crore (Bloomberg estimate: Rs 68 crore).

• Ebitda margin at 8.8% versus 7.9% (Bloomberg estimate: 8.6%).

• Net profit at Rs 39.5 crore versus Rs 19.2 crore (Bloomberg estimate: Rs 38 crore).

ZF Commercial Vehicle Control Systems India Q3FY25 Highlights (Consolidated, YoY)

• Revenue up 7.1% at Rs 962 crore versus Rs 899 crore.

• Ebitda up 32.6% at Rs 177 crore versus Rs 133 crore.

• Ebitda margin at 18.4% versus 14.9%.

• Net profit up 24.4% at Rs 125 crore versus Rs 101 crore.

Somany Ceramics Q3FY25 Highlights (Consolidated, YoY)

• Revenue up 5.3% at Rs 645 crore versus Rs 612 crore (Bloomberg estimate: Rs 639 crore).

• Ebitda down 9.5% at Rs 53.5 crore versus Rs 59 crore (Bloomberg estimate: Rs 68 crore).

• Ebitda margin at 8.3% versus 9.6% (Bloomberg estimate: 8.6%).

• Net profit down 58.1% at Rs 9.3 crore versus Rs 22.2 crore (Bloomberg estimate: Rs 18 crore).

PI Industries Q3FY25 Highlights (Consolidated, YoY)

• Revenue up 0.2% at Rs 1,901 crore versus Rs 1,898 crore (Bloomberg estimate: Rs 1929 crore)

• Ebitda down 7.5% at Rs 512 crore versus Rs 554 crore (Bloomberg estimate: Rs 55 crore).

• Ebitda margin at 26.9% versus 29.2% (Bloomberg estimate: 26.7%).

• Net profit down 16.9% at Rs 373 crore versus Rs 449 crore (Bloomberg estimate: Rs 395 crore).

Bikaji Foods International Q3FY25 Highlights (Consolidated, YoY)

• Revenue up 14.5% at Rs 715 crore versus Rs 624 crore (Bloomberg estimate: Rs 694 crore).

• Ebitda down 26% at Rs 55.5 crore versus Rs 75 crore (Bloomberg estimate: Rs 78 crore).

• Ebitda margin at 7.8% versus 12% (Bloomberg estimate: 11.2%).

• Net profit down 38.7% at Rs 28.6 crore versus Rs 46.6 crore (Bloomberg estimate: Rs 49 crore).

Aadhar Housing Finance Q3FY25 Highlights (Consolidated, YoY)

• Total income up 19.2% at Rs 785 crore versus Rs 659 crore.

• Net profit up 17.6% at Rs 239 crore versus Rs 203 crore.

Akums Drugs and Pharmaceuticals Q3FY25 Highlights (Consolidated, YoY)

• Revenue down 6.7% at Rs 1010 crore versus Rs 1083 crore.

• Ebitda up 29.9% at Rs 121 crore versus Rs 93.4 crore.

• Ebitda margin at 12% versus 8.6%.

• Net profit down 66.4% at Rs 65.1 crore versus Rs 194 crore.

Websol Energy System Q3FY25 Highlights (QoQ)

• Ebitda up 7.8% at Rs 68 crore versus Rs 63 crore.

• Ebitda margin at 45.8% versus 43.7%.

• Net profit down 1% at Rs 42 crore versus Rs 43 crore.

Gulf Oil Lubricants India Q3FY25 Highlights (Consolidated, YoY)

• Revenue up 12.6% at Rs 920 crore versus Rs 818 crore.

• Ebitda up 10.9% at Rs 122 crore versus Rs 110 crore.

• Ebitda margin at 13.3% versus 13.5%.

• Net profit up 22.2% at Rs 97.9 crore versus Rs 80.09 crore.

JK Lakshmi Cement Q3FY25 Highlights (Consolidated, YoY)

• Revenue down 12.1% at Rs 1,497 crore versus Rs 1,703 crore (Bloomberg estimate: Rs 1515 crore).

• Ebitda down 33.2% at Rs 202 crore versus Rs 302 crore (Bloomberg estimate: Rs 179 crore).

• Ebitda margin at 13.5% versus 17.7% (Bloomberg estimate: 11.8%).

• Net profit down 58.7% at Rs 59.4 crore versus Rs 144 crore (Bloomberg estimate: Rs 49 crore).

HIL Q3FY25 Highlights (Consolidated, YoY)

• Revenue up 2.7% at Rs 805 crore versus Rs 784 crore.

• Ebitda Loss of Rs 65 lakh versus Ebitda of Rs 16.6 crore.

• Net Loss of Rs 35.5 crore versus loss of Rs 7.2 crore.

Kennametal India Q3FY25 Highlights (YoY)

• Revenue up 5.9% at Rs 287 crore versus Rs 271 crore.

• Ebitda down 4.9% at Rs 40.6 crore versus Rs 42.7 crore.

• Ebitda margin at 14.1% versus 15.8%.

• Net profit down 10.8% at Rs 22.2 crore versus Rs 24.9 crore.

Muthoot Microfin (YoY)

• Total income up 17.7% at Rs 681.4 crore versus Rs 579 crore.

• Net profit down 96.9% at Rs 3.8 crore versus Rs 124 crore.

Walchandnagar Industries (YoY)

• Revenue up 5.72% at Rs 59.1 crore versus Rs 55.9 crore.

• Ebitda loss at Rs 5.63 crore versus loss of Rs 7.98 crore.

• Net loss at Rs 17.13 crore versus loss of Rs 18.66 crore.

Rupa & Company Q3FY25 Highlights (Consolidated, YoY)

• Revenue down 0.7% at Rs 316 crore versus Rs 318 crore.

• Ebitda up 15.4% at Rs 38 crore versus Rs 32.9 crore.

• Ebitda margin at 12% versus 10.3%.

• Net profit up 14.5% at Rs 23.8 crore versus Rs 20.8 crore.

India Shelter Finance Corp. (YoY)

• Net Profit up 54.4% at Rs 95.9 crore versus Rs 62.1 crore.

• Total Income up 39.4% at Rs 304 crore versus Rs 218 crore.

Nifty 50 Earnings: Mahindra & Mahindra

Other Key Earnings: LIC, Mazagon Dock Shipbuilders, NHPC, Oil India, Wockhardt, 3M India, Action Construction Equipment, Archean Chemical Industries, AIA Engineering, Akzo Nobel India, Alembic, Alkem Laboratories, Astra Microwave Products, Balrampur Chini Mills, Balu Forge Industries, Borosil Ltd, Caplin Point Laboratories, Century Plyboards, Chemplast Sanmar, Cholamandalam Financial Holdings, Delhivery, Dreamfolks Services, Dynamatic Technologies, Edelweiss Financial Services, Fortis Healthcare, Firstsource Solutions, Gokaldas Exports, Goldiam International, Garware Hi-Tech Films, Gujarat State Petronet, Happy Forgings, Hindustan Foods, Honeywell Automation, Inox India, Jupiter Life Line Hospitals, Latent View Analytics, Linde India, Max Estates, Mold-Tek Packaging, Motisons Jewellers, Nava, NRB Bearings, PSP Projects, Rolex Rings, Shipping Corporation of India, SML Isuzu, Sun TV Network, Venky's (India), VST Industries, Va Tech Wabag.

• Zomato: The company's board has approved a name change to 'Eternal'. This announcement pertains solely to the company name and does not affect the brand or app. According to Deepinder Goyal, the name 'Eternal' has been used internally since the Blinkit acquisition. The stock ticker will also change from ZOMATO to ETERNAL.

• ITC: The company entered into definitive pact to buy Ample Foods and Meat and Spice.

• Hero MotoCorp: The company invested up to Rs 5.15 crore for solar power wheeling project.

• Bharti Airtel: The company approved the transfer of 12,700 telecom towers, including cells on wheels, to Indus Towers for Rs 2,174 crore.

• Bharti Hexacom: To sell 3,400 telecom towers for up to Rs 1134 crore

• Indus Towers: The board has approved the acquisition of telecom towers from Bharti Airtel and Bharti Hexacom through a slump sale, with a total payment of Rs 3,309 crore for the towers.

• Dr Reddy: The company's subsidiary will commercialise Shanghai Henlius' Daratumumab in the US, paying $131.6 million for exclusive rights to the drug.

• Tata Power: The company has successfully restored Unit 5, with a 500 MW capacity, at its Trombay Thermal Power Station in record time, ensuring power supply to the grid after a fire in the cable vault on Sept. 23, 2024. The restoration was completed within a record time of four months from the order placement.

• Metropolis Healthcare: The company's acquisition of Core Diagnostics Pvt Ltd. is now expected to take an additional 45 days, rather than the initially anticipated 60 days.

• Vedanta: The company will consider issuing Non-Convertible Debentures on a private placement basis on Feb. 11.

• Vakrangee: The company ties up with Tata AIG to offer general insurance products.

• Biocon: Equillium Inc & Co have announced positive results from their Phase two study evaluating Itolizumab for the treatment of moderate to severe Ulcerative Colitis.

• Max India: The company approved the infusion of Rs 219 crore in its arms.

• Sun TV: The company will buy Northern Superchargers cricket franchise in UK for GBP 100.5 million.

• NTPC Green Energy: The company has formed a joint venture named AP NGEL Harit Amrit Ltd. This JV will explore the development of renewable energy projects, including solar, wind, and hybrid systems, with or without storage, with a capacity of up to 25 GW. Additionally, the JV will produce green hydrogen and develop pumped hydro projects with a capacity of up to 10 GW.

• KRBL: The company has launched a sub-brand named "India Gate Uplife" under its flagship brand "India Gate." This new product line focuses on multi-source edible oil.

• Nippon Life India Asset Management: The company announced the launch of Nippon India Active Momentum Fund; an open-ended scheme that aims to generate long term capital appreciation by diversified investment portfolio of equity and equity related schemes.

• Allied Digital: The company has received a letter of award for the upgradation and modernization of MSETCL Network using Software-Defined Wide Area Network.

• Bajaj Finserv: Bajaj Allianz's general January gross direct premium was at Rs 1,675 crore.

• Aster DM Healthcare: The company has fixed Feb. 10 as record date for Rs 4 per share interim dividend for the fiscal 2025.

• Adani Power: CRISIL Ratings has upgraded the credit ratings assigned to bank loan facilities from Crisil AA-/Positive to Crisil AA/Stable. The rating agency has also assigned a “Crisil AA/Stable” credit rating to the proposed non-convertible debentures.

• Aurobindo Pharma: The firm is set to enter into a power purchase agreement with Swarnaaskshu Solar Power to procure solar energy under the captive power policy of the Government of Telangana. Additionally, the company will acquire up to a 26% stake in Swarnaaskshu for a total of Rs 10.4 crore.

• HIL: The company has approved a draft scheme of amalgamation with Crestia Polytech, Aditya Poly Industries, Aditya Polytechnic, Prabhu Sainath Polymers, and Topline Industries. This amalgamation will not result in any changes to the company's shareholding pattern.

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.

• TGV Sraac: Promoter Group Sree Rayalaseema Hi-Strength Hypo acquired 15,840 shares in the company.

• V2 Retail: Promoter Ram Chandra Agarwal sold 1,309 shares in the company.

• Can Fin Homes to meet a group of investors and analysts on Feb. 11-12.

• Cummins India to meet Axis Capital, Antique, Kotak, ICICI Prudential, ICICI Prudential, Goldman Sachs, Motilal Oswal and IIFL between Feb. 13 and Feb. 26.

• AGI Infra to meet Arihant Capital Markets on Feb. 11.

• Stocks moving into short-term ASM Framework: Kalyan Jewellers India, MPS, Vakrangee and Wockhardt.

• Stocks moving out of ASM Framework: Aban Offshore and eMudhra.

• Price band change to 5% from 10%: Kriti Industries (India).

• Price band change to 2% from 5%: Filatex Fashions and Supreme Infrastructure India.

• Stocks trading ex-bonus: Sangam Finserv.

• Stocks trading ex-split: AGI Infra and Rama Phosphates.

• Stocks trading ex-dividend: Julien Agro Infratech, Wonder Electricals, Hikal, Gateway Distriparks, Jindal Stainless, Cholamandalam Investment And Finance Company, NLC India, Vaibhav Global, Steelcast, Sundaram Finance, Nestle India, Computer Age Management Services, Clean Science And Technology, Tube Investments Of India, Banaras Beads, Shyam Metalics And Energy, Epigral, K.P.R. Mill, Shanthi Gears, Power Grid Corporation Of India, Kirloskar Pneumatic Co., Marico, Quess Corp, Jasch Gauging Technologies, Oil And Natural Gas Corp, Shriram Pistons & Rings, Gail (India), JB Chemicals & Pharmaceuticals, Garden Reach Shipbuilders & Engineers.

• Nifty February futures down by 0.28% to 23,688.9 at a premium of 85.55 points.

• Nifty February futures open interest up by 1.05%.

• Nifty Options Feb 13 Expiry: Maximum call open interest at 25,500 and maximum put open interest at 22,500.

• Securities in ban period: nil.

The Indian rupee closed 12 paise lower at an all-time low against the US dollar on Thursday.

The local currency closed at 87.58 against the greenback. During the day, it fell to 87.59. The rupee had closed at 87.46 on Wednesday, according to Bloomberg data.