GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a higher opening on Tuesday. Here’s a look at the key stocks to watch in trade.

Stocks in Focus: Here’s a comprehensive list of stocks to keep in mind before you start your day. From Reliance Industries to Ashoka Buildcon, you can read about all the stocks that may see action in Tuesday’s trade. Previously, on Monday, the NSE Nifty 50 closed the session 178 points or 0.76% lower at 23,381.60, while the BSE Sensex lost 548.39 points or 0.70% to close at 77,311.80.

Stocks to watch on February 11, 2024

Reliance Industries

Reliance Consumer Products entered the sports hydration drink segment with Spinner. The drink, which is being offered at Rs 10 for a 150 ml bottle, has been co-created with former Sri Lankan cricketer Muttiah Muralitharan. Spinner’s price is relatively lower than that of other sports drinks on the market. Pepsico’s Gatorade and Coca-Cola’s Powerade are available at a price of Rs 50 for a 500 ml bottle.

Grasim Industries

Grasim Industries reported a 40% fall in its net profit to Rs 899 crore during the October–December quarter, as compared to Rs 1,514.4 crore in the same quarter a year ago. The company’s revenue from operations was, however, up 8.8% to Rs 34,792.9 crore.

Bata India

Bata India reported a marginal 1% growth in its net profit at Rs 58.6 crore during the October-December quarter, as compared to Rs 57.9 crore in the same quarter in 2023-24. The company’s revenue from operations also came in below the estimates of Rs 950 crore at Rs 918.7 crore, 1.6% higher year-on-year.

Titan

CaratLane, a wholly-owned subsidiary of Titan, is intensifying its focus on expanding offline stores and strengthening its presence in the competitive diamond jewellery market. With over 300 stores and 19 new openings in the October-December quarter, the brand is keen on catering to evolving consumer preferences.

ONGC

Oil and Natural Gas Corporation (ONGC) and BP have agreed to explore opportunities for collaboration and partnership across the energy industry in India and internationally, focusing on oil and gas exploration and production, as well as trading and extending to other energy vectors. The two companies signed a memorandum of understanding (MoU) on Monday ahead of the India Energy Week.

Indian Hotels Company

Indian Hotels Company’s (IHCL) Taj Bandstand, the luxury hotel to come up at the site of Mumbai’s iconic Sea Rock Hotel, will be a 330-room property spread over two acres. The hotel, which will have 85 apartments and multiple dining options, will be ready to welcome guests in 2028-29, the Tata group firm said on Monday.

Nykaa

FSN E-Commerce Ventures, the parent of Nykaa, released its fiscal third-quarter earnings report with a consolidated net profit of Rs 26.41 crore, recording a growth of 51.35% in comparison to Rs 17.45 crore reported during the corresponding quarter of FY24. It posted revenue from operations at Rs 2,267.21 crore, up 26.74% as against Rs 1,788.80 crore recorded during the third quarter of the previous financial year

Lupin

Lupin has received approval from the USFDA for its abbreviated new drug application (ANDA) for ipratropium bromide nasal solution (nasal spray) to market a generic equivalent of Atrovent nasal spray, 0.03%, of Boehringer Ingelheim Pharmaceuticals, Inc.

Eicher Motors

Eicher Motors recorded an 18% rise in net profit to Rs 1,170 crore for the third quarter of FY25, compared to Rs 995.97 crore in the same quarter of the previous financial year. The automakers’ revenue from operations rose 19% to Rs 4,888 crore in the October to December quarter of the financial year 2024-25, compared to Rs 4,116 crore in the same quarter the previous year.

Ashoka Buildcon

Ashoka Buildcon reported a strong rise in profitability for Q3 FY25, with profit before tax surging 62.4% year-on-year to Rs 306.7 crore, despite a drop in revenue. The profit growth was driven by improved operational efficiencies and higher margins. The company’s revenue for the quarter stood at Rs 2,387.9 crore, reflecting a 10.1% decline from Rs 2,657.1 crore in the same period last year.