Stocks to Watch: On Thursday, February 12, sharp movement can be seen in many stocks in the market. News like quarterly results, big orders, stake sale and regulatory approvals will be in the eye of investors. Especially the stocks of railway, IT, data center and manufacturing sectors will be in focus. Know those 18 stocks on which traders and investors will keep a special eye on in Thursday’s trading session.
The promoters of data center company Netweb Technologies are preparing to sell up to 3% stake in the company. According to sources, the size of this block deal could be around Rs 514.5 crore. The floor price has been set at Rs 3,027 per share, which is about 4% discount from the previous closing price.
Baba Ramdev-linked Patanjali Foods Ltd’s Q3 net profit declined 26% to Rs 364.2 crore from Rs 491.2 crore last year. Revenue grew 16.5% to Rs 10,483 crore, while EBITDA declined 22.2% to Rs 433.4 crore and margin declined from 6.2% to 4.1%.
Kirloskar Oil Engines shows strong Q3 performance. Net profit increased by 56.2% to Rs 111.4 crore, while revenue increased by 29.2% to Rs 1,872.6 crore. EBITDA increased by 31.3% to Rs 331.5 crore and margin improved to 17.7% from 17.4%.
AstraZeneca Pharma’s Q3 performance was mixed. Net profit increased by 5.9% to Rs 32.6 crore and revenue jumped 39% to Rs 611.5 crore. However, EBITDA declined by 41.7% to Rs 44.8 crore, leading to margin decline from 17.5% to 7.3%.
Orkla India’s third quarter net profit declined by 13.98% to Rs 56.6 crore compared to Rs 65.8 crore in the same period last year. Revenue grew by 3.4% to Rs 636 crore, which the company said was volume-based growth.
Amara Raja’s third quarter profit declined 53% year-on-year to Rs 140 crore. However, the company’s income increased by 4.2% to Rs 3,410 crore. EBITDA declined by 7.7% to Rs 374 crore and margin declined to 11% from 12.4%.
In an important update related to Federal Bank, Reserve Bank of India has approved ICICI Prudential AMC to buy up to 9.95% stake in the bank. This approval is considered important at the regulatory level.
LG Electronics’ profit fell 61.6% to Rs 89.6 crore. The company’s income declined by 6.4% to Rs 4,114.3 crore. EBITDA declined by 42.6% to Rs 195.7 crore and margin declined to 4.8% from 7.8%.
Government company IRCON International Ltd reported a net profit of Rs 99.9 crore in the third quarter. This is 15.97% more than last year’s Rs 86.1 crore. Revenue declined by 18.9% to Rs 2,119 crore. EBITDA grew 29.6% to Rs 157.8 crore. Margin increased from 5.1% to 7.5%.
Protean eGov Technologies
Protean eGov Technologies Ltd’s net profit declined by 2.2% to Rs 22.5 crore. Revenue grew by 13.1% to Rs 228.9 crore, with strong contribution from tax services and new business. EBITDA increased from Rs 35 crore to Rs 46 crore and margin stood at 19%, showing a growth of 335 basis points.
LTIMindtree unveiled its new name on February 11 as part of a major rebranding announcement. The Board of the Company has approved the proposal to change the legal name from ‘LTIMindtree Limited’ to ‘LTM Limited’. This step has been taken in the direction of new brand identity and new positioning in the market.
Elgi Equipments’ third quarter profit increased by 18.1% to Rs 95.2 crore. There was an increase of 18.3% in income and it stood at Rs 1,003 crore. EBITDA rose 20.7% to Rs 143.5 crore, while margins expanded to 14.3% from 14.03%.
Q3 profit of railway company Jupiter Wagons declined by 35.2% to Rs 63 crore. Revenue fell 13.5% to Rs 890 crore. EBITDA declined 22.1% to Rs 115.5 crore and margin declined to 13% from 14.4%.
Dollar Industries’ profit declined by 8.5% to Rs 18.3 crore. With a growth of 2% in income it reached Rs 388.4 crore. EBITDA declined 6.3% to Rs 38.7 crore and margin declined to 10% from 10.8%.
Godrej Industries’ third quarter profit declined 8.7% to Rs 204.5 crore. The company’s income increased by 4.7% to Rs 5,051 crore. EBITDA declined by 8.8% to Rs 544.1 crore and margin declined to 10.8% from 12.4%.
NOCIL’s profit declined by 28.29% to Rs 9.25 crore in the December quarter. Income declined 0.7% to Rs 315.8 crore. However, EBITDA increased by 9% to Rs 26.78 crore and margin improved to 8.48% from 7.72%.
Yatra Online’s profit declined by 17% to Rs 8.3 crore. Income increased by 9.2% to Rs 256.8 crore. EBITDA grew by 67.9% to Rs 22.5 crore and margin expanded to 8.8% from 5.7%.
Kernex Microsystems has received a new order worth Rs 411.17 crore from Banaras Locomotive Works. This order pertains to supply, installation, testing and commissioning of on-board Kavach loco equipment for the Railways.
Nifty Outlook: Nifty rose for the fourth consecutive day, now waiting for breakout; Know how things will be on 12th February
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