Stocks to Watch: Adani Group, SBI, Paytm, BoB, HDFC AMC, Auto, SBI Life

Stocks to watch today: The National Stock Exchange (NSE) on Thursday shifted Adani Enterprises, Adani Ports, and Ambuja Cements to a category of stocks that require up to 100 per cent trading margins

Stocks to watch today: Global mood remains sanguine this morning as investors digest slew of news flow. Hong Kong's Hang Seng index fell 1.7 per cent, China's Shanghai Composite fell 0.74 per cent, while the Nikkei 225 in Japan rose 0.6 per cent. At 7:40 AM, SGX Nifty was up 50 points at 17,690 levels.

Overnight in the US, major indexes on Wall Street saw a rally driven by technology stocks. The Nasdaq Composite leaped over 3 per cent, and S&P 500 1.5 per cent. Dow Jones, however, fell 0.1 per cent.

Here's a list of stocks to watch out on Friday, February 3:

Adani Enterprises:  Adani Group entities made scheduled coupon payments on outstanding US dollar-denominated bonds on Thursday, Reuters reported. Adani Group plans to issue a credit report by Friday which will address concerns raised by the Hindenburg report about its liquidity, the report added. 

Adani Ports, Adani Enterprises, Ambuja Cements: The National Stock Exchange (NSE) on Thursday shifted Adani Enterprises, Adani Ports and Special Economic Zone (APSEZ), and Ambuja Cements to a category of stocks that require up to 100 per cent trading margins and are subject to greater scrutiny to curb short-selling. The purported short-term additional surveillance measure (ST-ASM) Stage 1 will be made applicable to these stocks on new positions created, starting February 6. READ MORE

Adani Power: Bangladesh has sought revision of a 2017 power purchase agreement with Adani Power Ltd as the price for the coal-generated electricity appeared too expensive, officials said in Dhaka on Thursday. READ MORE 

Q3 earnings today: Bank of Baroda, Divi's Labs, Aarti Industries, Borosil, Dhanuka Agritech, Dalmia Bharat, ITC, InterGlobe Aviation (IndiGo), kansai Nerolac, India Cements, JK Tyre, Marico, Paytm, M&M Financial Services, Manappuram Finance, SBI, Star Cement, Tata power, Zydus Life, and Thyrocare Tech are some of the prominent companies slated to report their Q3FY23 results today. READ SBI, BOB, & INDIGO'S Q3 PREVIEWS HERE

TVS Motor: The company informed the exchanges, on Thursday, that it has invested $9.5 million in Ion Mobility to further push it's electrification agenda.

SBI Life: Addressing investors' concerns regarding the latest Budget proposals, SBI Life has said that the Annualised Premium Equivalent (APE) product mix is well diversified at 56.4 per cent unit linked, 27.4 per cent non-unit linked, 10.1 per cent protection, 2.8 per cent annuity, and 3.3 per cent group funds. The share of business of non - linked policies with annual premium of above Rs 500,000 is less than 2 per cent of the total APE for 9MFY2023. The company strongly believes that the impact is insignificant. READ MORE

HDFC Life: On similar lines, HDFC Life clarified has to investors that its product mix based on the Annualised Premium Equivalent (APE) is well diversified across different product segments. Our initial assessment, the company has said, indicates that the business at risk could be approximately 10-12 per cent of the total APE and impact on value of new business would be lower than impact on total APE. The company will be working on mitigating measures to deal with the impact in due course. READ MORE

Berger Paints: Berger Paints India Ltd on Thursday reported a decline of 20.47 per cent in its consolidated net profit at Rs 201.17 crore in the third quarter ended December 2022. Its revenue from operations was up 5.59 per cent at Rs 2,693.59 crore during the quarter. READ MORE

Thomas Cook: The company's consolidated income from operations grew by 105 per cent year-on-year (YoY) in Q3FY23 to Rs 1,536.3 crore, and operational profit before tax was at Rs 58.4 crore as against loss of Rs 28.9 crore, reflecting strong recovery and business momentum across segments. Its net profit came in at Rs 26.54 crore vs loss of Rs 24.59 crore YoY.

Fino Paymenst Bank: Fino Payments Bank on Thursday posted a 35.5 per cent jump in its December quarter net profit at Rs 19.1 crore, aided by widening profit margins. The Navi Mumbai-based payments bank said its revenues grew 14.2 per cent to Rs 314.1 crore during the reporting quarter. 

Mahanagar Gas: The company has reported total income of Rs ,1870.69 crore during the period ended December 31, 2022 as compared to Rs 1,144.72 crore last year. The net profit for the quarter stood at Rs 172.07 crore as against net profit of Rs 56.79 crore YoY.

Karnataka Bank: The private sector lender on Thursday reported a net profit of Rs 301 crore forQ3FY23, registering a solid growth of 105 per cent. The Gross NPs declined to 3.28 per cent from 3.36 per cent as compared to the sequential previous quarter. The Net NPA, meanwhile, declined to 1.6 per cent from 1.72 per cent  QoQ. 

Crompton Greaves Consumer Electricals: The company's total income for Q3FY23 rose about 8 per cent to Rs 1,537.51 crore as compared to Rs 1,424.63 crore in Q3FY22. The net profit, however, slipped 42.5 per cent to Rs 85.25 crore as against net profit of Rs 148.26 crore YoY.

I G Petrochemicals: The Board of Directors of the company has approved to incorporate a wholly owned subsidiary. Once incorporated, the proposed wholly owned subsidiary shall explore new opportunities in petrochemicals sector, marketing of petrochemical products, and sourcing of raw materials.

Inox Green Energy Services: The company has entered into a definitive investment agreement with I-Fox Windtechnik India Private Limited, an independent O&M Wind Service Provider, to acquire a majority stake. The deal is valued at Rs 3,5947.71 per share. 

Aavas Financiers: The lender has reported net profit of Rs 303.5 crore in Q3FY23, up 26 per cent YoY. The management said Sushil Kumar Agarwal will continue as the managing director (MD), while Sachinder Pal Singh has beeen appointed as the chief executive office (CEO).

Auto stocks: Speaking to a news channel, road transport minister, Nitin Gadkari, said on Thursday that the price of lithium ion batteries will (soon) come down, and the automobile industry will not need any subsidy. 

Likhitha Infra: The company has bagged order worth Rs 130 crore from GAIL (India).

Engineers India: EIL has been awarded an assignment  from Ministry of Housing and Urban Affairs  (MoHUA) for 'providing Transaction Advisory Services for setting up large scale Bio‐Methanation and Waste to Energy projects in selected million plus cities'. 

Lemon Tree Hotels: The company has signed a License Agreement for 83 room property in Bharuch, Gujarat. The hotel is expected to be operational by June, 2025. READ MORE

Tata Consumer Products: The Board of the company has approved the termination of its Global Depository Receipts (GDR) program. The GDRs of the Company are listed on the London Stock Exchange and Luxembourg Stock Exchange. READ MORE

HDFC AMC: The company is in receipt of the approval from Sebi permitting abrdn to reduce its shareholding in the company to less than 10 per cent. abrdn Investment Management Limited are one of the promoters, holding 10.21 per cent stake.

Medico Remedies: The Board of Directors has approved the sub-division/stock split of one equity shares of the company into five equity shares. 

Stocks in F&O ban: Ambuja Cements, Adani Ports