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By EquityPandit

MARKETS

Stocks in Focus: Rail Vikas Nigam, Torrent Power, NLC India, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.36% higher by 85 points at 23,857, indicating that the domestic benchmark indices are likely to make a positive start on Wednesday. 

On Tuesday, 4 February, Domestic benchmark indices S&P BSE Sensex skyrocketed by 1,397.07 points or 1.81% and settled at 78,583.81 while the Nifty50 traded 1.6% higher by 374.35 points, settling at 23,735.40.

Here are some stocks that are likely to remain in focus on 5 February.

Quarterly Results Today: Cummins India, Gujarat Gas, Welspun Corp, Reliance Power, Zydus Lifesciences, Abbott India, Info Edge (India), Swiggy, Matrimony.com, Piccadily Agro Industries, Exicom Tele-Systems, Sagility India, H.G. Infra Engineering, Aarti Pharmalabs, Eveready Industries India, Zinka Logistics Solutions, and Inventurus Knowledge Solutions are some of the prominent companies set to announce their quarterly earnings for October-December. 

Rail Vikas Nigam: The company announced receiving a letter of acceptance from East Coast Railway for the Koraput-Singapur road doubling project. The scope of the project includes constructing 27 major bridges, five road-over bridges, and earthworks for track formation between Tikiri and Bhalumaska stations.

Torrent Power: In its quarterly earnings for October-December, the company reported a 30.8% year-on-year (YoY) increase in net profit to Rs 489.3 crore for the quarter under review compared to Rs 374.1 crore reported in the same quarter last year. 

NLC India: The company has secured its third commercial coal mine, New Patrapara South in Angul, which has a total geological reserve of 720.87 million tonnes. 

Tata Power: For the quarter ended 31 December, the company’s net profit for the quarter stood at Rs 1,187 crore, marking a 10.3% YoY increase against Rs 1,076 crore reported in the same quarter last year. 

Birla Corp: The net profit for Q3FY25 stood at Rs 31 crore, marking a 72% YoY decline compared to Rs 109 crore reported in Q3FY24. 

Aadhar Housing Finance: The company has announced issuing 4.8 lakh equity shares for a face value of Rs 10 each to eligible employees as a part of its stock option plan. 

Alkem Labs: The company has announced launching Kojiglo Serum, which is a first-of-its-kind liposomal serum that targets facial hyperpigmentation. The product is powered by Duo-Lipo technology that enhances skin absorption and efficacy, ensuring deep penetration while minimising skin sensitivity and irritation.

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