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

Stocks in Focus: GIFT Nifty traded higher as the index was up 64.50 points or 0.30% at 21,757.00 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 lost 166.45 points or 0.76% to settle at 21,616.05, while the BSE Sensex closed 523.00 points or 0.73% lower to 71,072.49.

Stocks to Watch on February 13, 2024

Hindustan Aeronautics Ltd 

Stocks To Watch: Zomato, Reliance Industries, L&T, Ola Electric, Cyient DLM, Petronet LNG, Genus Power Stocks To Watch: Maruti Suzuki India, GMR Airports Infra, Brightcom Group, Hindustan Zinc, Adani Enterprises, Kolte-Patil Developers Stocks To Watch: Hindalco, Godrej Consumer Product, Apollo Tyres, Radico Khaitan, NHPC, Maruti Suzuki, Eicher Motors, LIC Stocks To Watch: Realty Stocks, Lupin, Tata Power, PB Fintech, SBI, Suzlon Energy, Godrej Consumer, ABFRL

Hindustan Aeronautics Ltd (HAL) on Monday reported its third-quarter profit for the financial year 2023-24 at Rs 1261.40 crore, up 9.2% as against Rs 1155.19 crore during the third quarter of FY23. It posted revenue from operations at Rs 6061.28 crore, up 7% compared to Rs 5665.54 crore during the same period last year.

Reliance Industries

With a market cap of Rs 15.6 trillion, Reliance Industries (RIL) topped the chart of the most valuable Indian companies in 2023, for the third year in a row, closely followed by Tata Consultancy Services (TCS).

GlaxoSmithKline Pharmaceuticals

GlaxoSmithKline Pharmaceuticals, the Indian unit of the UK’s GSK, reported a 3% fall in third-quarter profit on Monday, hurt by the government’s pricing cap on certain medicines. Consolidated profit before exceptional items and tax for the quarter ended Dec. 31 was 2.29 billion rupees ($27.6 million), compared with 2.36 billion rupees a year earlier.

NHPC 

NHPC Ltd on Monday reported its third-quarter profit for the financial year 2023-24 at Rs 491.90 crore, down 26.8% in comparison to Rs 671.67 crore during the corresponding quarter of the previous year. It posted revenue from operations at Rs 2,055.50 crore, up 20.4% as against Rs 2,582.76 crore during the quarter ended December 2022.

Signature Global 

Signature Global has acquired 20 acres of land in Gurugram for developing a housing project having a revenue potential of Rs 4,500 crore. The company has entered into a Joint Development Agreement (JDA) with a landlord for the 20.32 acres of land in Gurugram, Haryana. The total development potential on this land is 28.4 lakh square feet of residential space.

Krsnaa Diagnostics

The company’s board has approved the incorporation of a wholly-owned subsidiary of the company named Krsnaa Retail Private Limited. The incorporation of the wholly-owned subsidiary will leverage the growth opportunities in the B2C segment, according to an exchange filing.  

Adani Total Gas

ICRA Limited has given a long-term rating of [ICRA] AA- and has changed the outlook to “STABLE” from negative to the company. ICRA has also given the short-term rating of [ICRA] A1+, said the company in an exchange filing.

Mahanagar Gas 

Mahanagar Gas Limited has entered into a Share Subscription Agreement with 3EV Industries Private Limited to acquire 30.97% shareholding in 3ev through equity instruments in various tranches, according to an exchange filing. 

Gujarat Pipavav Port Limited 

An arbitrator has issued an award against the company to pay an amount of Rs 1,073.2 crore plus interest. The arbitration matter was initiated by a claimant in 2005 against the company. 

CDSL

Central Depository Services (India) Limited had subscribed to one million equity shares of Open Network for Digital Commerce (ONDC) for Rs 10 crore translating into an equity shareholding of 1.54% of the paid-up Capital, according to an exchange filing. 

Key earnings today

Bharat Heavy Electricals, Bombay Burmah Trading Corporation, Arvind Fashions Limited, Ahluwalia Contracts India, Borosil, BF Utilities, BF Investment, Abans Holdings, Asian Hotels (East), Alpa Laboratories, Bosch, Deepak Nitrite, Dynamatic Technologies, Coffee Day Enterprises, Deccan Cements, BPL, Career Point, Country Club Hospitality & Holidays, DCM, Hindalco Industries, Eicher Motors, Gujarat Gas, Hindustan Copper, Eris Lifesciences, GOCL Corporation, Hindustan Oil Exploration Company, Hindustan Composites, HCL Infosystems, Gayatri Highways, IRCTC, Info Edge India, ITI, Inox India, Jindal Worldwide, Indiabulls Real Estate, Jyoti Structures, India Nippon Electricals, Indo Borax and Chemicals, Kalyani Forge, National Aluminium Company, Medi Assist Healthcare Services, Mahanagar Telephone Nigam, Modison, Mcleod Russel (India), Oil and Natural Gas Corporation, Oil India, Prestige Estates Projects, NBCC (India), PTC Industries, Nuvama Wealth Management Ltd, PG Electroplast, Prakash Pipes Limited, ORIENT CERATECH, Siemens, Rashtriya Chemicals and Fertilisers, SEMAC CONSULTANTS, Sula Vineyards, TVS Srichakra, Texmo Pipes and Products, Supreme Infrastructure India, Sundaram Multi Pap, Super Spinning Mills, Zee Entertainment Enterprises, West Coast Paper Mills, Valiant Organics, VIP Clothing, Zenith Steel Pipes & Industries