Stocks to Watch Today – February 3: Reliance, Vedanta, LIC, PB Fintech, RailTel in Focus

Stocks to Watch Today: Indian equity markets are set for an active session on Tuesday, February 3, as several companies remain in focus following mixed Q3 earnings and important corporate developments. Stocks from sectors such as metals, aviation, energy, real estate, insurance, infrastructure, and technology are likely to see heightened action.

Market participants will closely track counters including Aarti Industries, PB Fintech, Indus Towers, RailTel, UPL, Vedanta, Reliance Industries, LIC, Tata Power, Godrej Properties, and IRB Infrastructure Developers amid earnings surprises, project updates, regulatory developments, and asset transactions.

Key Q3 Earnings Highlights

Several companies reported sharp movements in profitability during the December quarter, while revenues showed steady growth in many cases.

• Aarti Industries posted a strong recovery with Q3 profit rising sharply year-on-year, supported by healthy revenue growth.

• PB Fintech reported a significant jump in profit, reflecting strong operating performance and improved margins.

• Indus Towers saw a steep decline in profit despite modest revenue growth during the quarter.

• RailTel Corporation reported a marginal dip in profit, while revenue growth remained robust.

• UPL witnessed a sharp fall in profit even as revenues increased.

• Tata Chemicals reported a wider loss during the quarter.

• Aditya Birla Lifestyle Brands delivered moderate profit and revenue growth.

• Akzo Nobel India reported a decline in both profit and revenue.

• Ather Energy narrowed its losses amid strong revenue growth.

• Awfis Space Solutions posted healthy growth in both profit and revenue.

• Bajaj Housing Finance recorded solid growth in profit and net interest income.

Major Corporate Developments to Watch

Vedanta

Vedanta Aluminium has received land allotment of more than 1,447 acres from the Odisha government for its proposed aluminium project in Dhenkanal district, marking a key step in capacity expansion plans.

InterGlobe Aviation (IndiGo)

IndiGo disclosed that it spent ₹22.68 crore on passenger compensation and facilitation following widespread flight disruptions in December, as per information shared by the civil aviation ministry in Parliament.

Reliance Industries

The Delhi High Court will hear the Centre’s appeal against a previous order that rejected its plea to recover USD 3.8 billion from Reliance Industries and another entity in connection with the Panna-Mukta and Tapti gas fields dispute.

Tata Power

Tata Power Renewable Energy has commissioned a 198 MW wind energy project in Tamil Nadu, strengthening the company’s renewable energy portfolio.

Godrej Properties

Godrej Properties reported residential sales worth over ₹2,000 crore at its luxury housing project in Worli, Mumbai, reflecting sustained demand in the premium real estate segment.

Life Insurance Corporation (LIC)

The government is considering a further reduction of its stake in LIC through a public offering in the next financial year, according to official statements.

IRB Infrastructure Developers

IRB Infrastructure announced the completion of its acquisition of Gandeva Ena (VM7) HAM highway assets, valued at approximately ₹1,200 crore, expanding its infrastructure asset base.

(Disclaimer: The content above is provided solely for informational purposes and should not be treated as investment advice. SmartInvestment advises readers to consult a qualified financial advisor before making any investment or money-related decisions.)