Stocks in news: M&M, LG, Lenskart, BHEL, Titan & Indigo
Markets traded in a range-bound manner on the weekly expiry day but managed to end marginally higher, extending the rally seen over the past few sessions. Analysts reiterate bullish stance on the Nifty and continue to recommend a buy-on-dips approach with a focus on careful stock selection.
In today's trade, M&M, LG, Lenskart, BHEL, Titan, Shoppers Stop among others will be in focus due to various news developments and third quarter results.
M&M, Divi's, Ashok Leyland, LG, Lenskart, Patanjali
Shares of M&M, Divi's, Ashok Leyland, LG, Lenskart and Patanjali will be in focus as the companies will announce their quarter results today.
BHEL
The government will sell up to 3% stake representing over 10.44 crore shares in Bharat Heavy Electricals Limited (BHEL) via an offer for sale (OFS). The defence PSU has set the floor price at Rs 254 per share. The government has also retained an oversubscription option to sell an additional 6.96 crore shares, equivalent to 2% equity, which would take the total potential divestment to 17.41 crore shares, or 5% of the company’s equity capital, if fully exercised.
Apollo Hospitals
Leading hospitals chain Apollo Hospitals reported 35% year-on-year (YoY) growth in its consolidated net profit at Rs 502 crore in the third quarter. The Board has also declared an interim dividend of Rs 10 per share for the financial year 2026. The record date for the same has been fixed as February 16 and it will be paid on or before February 27.
Britannia Industries
FMCG major Britannia Industries reported a 17% jump in its December quarter consolidated net profit at Rs 680 crore compared to Rs 582 crore reported in the year-ago period. The profit after tax (PAT) is attributable to the company's owners. The company's revenue from operations stood at Rs 4,970 crore in Q3FY26, up 8%.
Titan
Consumer discretionary major Titan Ltd on Tuesday reported 61% year-on-year (YoY) growth in its consolidated net profit at Rs 1,684 crore, while total income rose 40% YoY to Rs 24,592 crore. EBIT for the quarter (excluding exceptional items) increased 63% YoY to Rs 2,657 crore. Margins improved 155 basis points to 10.8%.
IndiGo
IndiGo, which faced massive flight disruptions in early December, on Tuesday said it has an optimum pool of staff to ensure stable operations as regulator DGCA's temporary pilot duty norm relaxations for the country's largest airline come to an end.
RIL
Reliance Consumer Products, the consumer goods arm of conglomerate Reliance Industries has acquired Tamil Nadu's famous Manna parent Southern Health Foods, the company said on Tuesday. With the addition of Manna, RCPL strengthens its foods and staples portfolio, which already includes brands such as Udhaiyam, Independence and SiL, and deepens its presence in the fast-growing millet-based and health foods segment.
Tata Steel
The government must keep a close watch on unfairly priced steel imports to protect domestic industry, Tata Steel MD and CEO TV Narendran said, even as he forecasts a rise in steel prices and stronger margins for the company in the March quarter.
Shoppers Stop
Department store chain Shoppers Stop on Tuesday said it has appointed Pankaj Chaturvedi as the company's CFO effective April 1, replacing Karunakaran Mohanasundaram. Mohanasundaram held the finance chief position since 2018 and is leaving to pursue opportunities outside the company, Shoppers Stop said in a statement.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
In today's trade, M&M, LG, Lenskart, BHEL, Titan, Shoppers Stop among others will be in focus due to various news developments and third quarter results.
M&M, Divi's, Ashok Leyland, LG, Lenskart, Patanjali
Shares of M&M, Divi's, Ashok Leyland, LG, Lenskart and Patanjali will be in focus as the companies will announce their quarter results today.
BHEL
The government will sell up to 3% stake representing over 10.44 crore shares in Bharat Heavy Electricals Limited (BHEL) via an offer for sale (OFS). The defence PSU has set the floor price at Rs 254 per share. The government has also retained an oversubscription option to sell an additional 6.96 crore shares, equivalent to 2% equity, which would take the total potential divestment to 17.41 crore shares, or 5% of the company’s equity capital, if fully exercised.
Apollo Hospitals
Leading hospitals chain Apollo Hospitals reported 35% year-on-year (YoY) growth in its consolidated net profit at Rs 502 crore in the third quarter. The Board has also declared an interim dividend of Rs 10 per share for the financial year 2026. The record date for the same has been fixed as February 16 and it will be paid on or before February 27.
Britannia Industries
FMCG major Britannia Industries reported a 17% jump in its December quarter consolidated net profit at Rs 680 crore compared to Rs 582 crore reported in the year-ago period. The profit after tax (PAT) is attributable to the company's owners. The company's revenue from operations stood at Rs 4,970 crore in Q3FY26, up 8%.
Titan
Consumer discretionary major Titan Ltd on Tuesday reported 61% year-on-year (YoY) growth in its consolidated net profit at Rs 1,684 crore, while total income rose 40% YoY to Rs 24,592 crore. EBIT for the quarter (excluding exceptional items) increased 63% YoY to Rs 2,657 crore. Margins improved 155 basis points to 10.8%.
IndiGo
IndiGo, which faced massive flight disruptions in early December, on Tuesday said it has an optimum pool of staff to ensure stable operations as regulator DGCA's temporary pilot duty norm relaxations for the country's largest airline come to an end.
RIL
Reliance Consumer Products, the consumer goods arm of conglomerate Reliance Industries has acquired Tamil Nadu's famous Manna parent Southern Health Foods, the company said on Tuesday. With the addition of Manna, RCPL strengthens its foods and staples portfolio, which already includes brands such as Udhaiyam, Independence and SiL, and deepens its presence in the fast-growing millet-based and health foods segment.
Tata Steel
The government must keep a close watch on unfairly priced steel imports to protect domestic industry, Tata Steel MD and CEO TV Narendran said, even as he forecasts a rise in steel prices and stronger margins for the company in the March quarter.
Shoppers Stop
Department store chain Shoppers Stop on Tuesday said it has appointed Pankaj Chaturvedi as the company's CFO effective April 1, replacing Karunakaran Mohanasundaram. Mohanasundaram held the finance chief position since 2018 and is leaving to pursue opportunities outside the company, Shoppers Stop said in a statement.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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