Stocks to Watch Today – February 4: Adani Enterprises, IEX, Varun Beverages, Aditya Birla Capital, NBCC in Focus
Indian equity markets are expected to witness heightened activity today as investors react to a busy flow of Q3 earnings results and key corporate developments across banking, FMCG, cement, pharma, capital goods, power trading, and financial services.
Stocks such as Adani Enterprises, Bajaj Finance, Aditya Birla Capital, Varun Beverages, Indian Energy Exchange (IEX), Jio Financial Services, NBCC India, and others are likely to remain in focus amid earnings announcements, volume growth updates, leadership changes, order wins, and strategic partnerships.
Market participants will closely track profit growth trends, revenue and NII expansion, management commentary, export outlooks, digital finance initiatives, and infrastructure project updates, which could drive stock-specific action and intraday volatility on Dalal Street.
Below is a snapshot of the key stocks to watch today along with Q3 performance highlights and major corporate announcements.
Stocks in Focus: Q3 Results Snapshot
| Company | Profit (₹ crore) | YoY Change | Revenue / NII (₹ crore) | YoY Change |
|---|---|---|---|---|
| Aditya Birla Capital | 983 | +41% | 14,181 | +30% |
| Bajaj Finance | 4,066 vs 4,308 | −6% | NII: 11,317 vs 9,382 | +21% |
| Castrol India | 244.7 vs 271.4 | −9.8% | 1,439.9 vs 1,353.9 | +6.4% |
| JK Lakshmi Cement | 57 vs 74.7 | −23.7% | 1,588.4 vs 1,496.8 | +6.1% |
| Kansai Nerolac Paints | 121.4 vs 680.9 | −82.2% | 1,982 vs 1,921.9 | +3.1% |
| Mankind Pharma | 408.8 vs 380.2 | +7.5% | 3,567.2 vs 3,198.8 | +11.5% |
| Nazara Technologies | 8.8 vs 13.7 | −35.4% | 406 vs 534.7 | −24% |
| Pidilite Industries | 623.8 vs 557 | +12% | 3,709.9 vs 3,368.9 | +10.1% |
| Sheela Foam | 52.6 vs 16.8 | +212.9% | 1,074.4 vs 967.1 | +11.1% |
| V2 Retail | 102.1 vs 51.2 | +99.4% | 929.2 vs 590.9 | +57.2% |
| Varun Beverages | 260 vs 195.6 | +32.9% | 4,334.8 vs 3,817.6 | +13.5% |
Stocks to Watch Today: Corporate Developments
Indian Energy Exchange (IEX)
Power trading volumes surge in January
IEX reported a 19% year-on-year rise in electricity traded volumes to 13,050 million units, indicating robust demand on the power exchange platform.
Exide Industries
Targets export growth through European partnership
Exide expects additional export revenue of ₹400–500 crore from the next financial year, supported by an exclusive tie-up with a European partner and improved global trade conditions.
Ambuja Cements
Managing Director steps down
Ambuja Cements announced that MD Ajay Kapur has stepped down after reaching the age of superannuation.
NBCC India
Secures new orders worth ₹271 crore
NBCC has bagged fresh construction contracts, including projects from the Institute of Cost Accountants of India and the Uttarakhand Department of Fisheries.
Adani Enterprises
Enters helicopter manufacturing space
The company has partnered with Italy-based Leonardo to build an integrated helicopter manufacturing ecosystem in India, strengthening its presence in the aerospace sector.
Jio Financial Services
Launches low-cost digital wealth platform
Jio BlackRock Investment Advisers has introduced a tech-driven wealth management platform offering personalised investment guidance starting at ₹350 per year.
Indian Railway Finance Corporation (IRFC)
MoU signed for port and connectivity projects
IRFC entered into a tripartite agreement with V.O. Chidambaranar Port Authority and Sagarmala Finance Corporation to explore financing options for major port-led infrastructure projects.
(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.)