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Informist, Tuesday, Feb. 10, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Titan, Eicher Motors, Grasim Ind rise ahead of Oct-Dec results

 

MUMBAI--1325 IST--Titan Co., Eicher Motors, and Grasim Industries rose ahead of their December quarter earnings, scheduled later in the day. Meanwhile, shares of Apollo Hospitals was choppy ahead of its Oct-Dec earnings.

 

Titan Co. rose nearly 2% to the day's high of INR 4,329.60. The company is expected to report a jump of nearly 40% on year in consolidated revenue for the December quarter to INR 225 billion and a rise of over 55% in net profit to INR 15.43 billion. At 1259 IST, shares of Titan rose 0.6% to INR 4,283.90 on NSE. All the 10 brokerage reports available with Informist on the company have a 'buy' recommendation with an average target price of INR 4,634.

 

Shares of Eicher Motors rose around 2% to intraday high of INR 7,325. The company's consolidated net profit for the December quarter is expected to grow 18% on year to INR 13.8 billion. Its consolidated revenue for the December quarter is expected to rise 21% on year to INR 60.34 billion. At 1259 IST, shares of Eicher Motors were nearly 2% higher at INR 7,311 on NSE. Of the 12 brokerage reports available with Informist on the company, six have a 'buy' recommendation with an average target price of INR 7,853. Of the remaining six, four have a 'hold' recommendation with an average target price of INR 7,008 and the remaining two recommend selling the stock. 

 

Grasim Industries rose nearly 1% to a three-month high of INR 2,949.50 ahead of its December quarter earnings. The company is expected to report a net loss of INR 1.3 billion, compared with a net loss of INR 1.7 billion a year ago. Its revenue is expected to rise 22% on year to INR 98.8 billion. At 1259 IST, shares of Grasim Industries were 0.4% higher at INR 2,939 on NSE. Of the three brokerage reports available with Informist on the company, two have a 'buy' recommendation and one has a 'hold' recommendation on the stock.

 

Shares of Apollo Hospitals Enterprise were choppy ahead of its December quarter results. The company's consolidated net profit for the quarter is expected at INR 4.70 billion, an on-year rise of 26%. The company's revenue for the quarter is seen rising 14% on year to INR 63 billion. At 1259 IST, shares of the company were a tad lower at INR 7,206.50 on NSE. Of the eight brokerage reports available with Informist on the company, seven have a 'buy' recommendation with an average target price of INR 8,824, while the remaining one has a 'hold' recommendation.  (Arundathi A R)

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Equity Alert: Torrent Power rises 5.5% ahead of December quarter results

 

MUMBAI--1200 IST--Shares of Torrent Power rose 5.5% to INR 1,506 ahead of the company's earnings for the December quarter. Elara Securities expects the company's revenue to see a moderate rise, while JM Financial expects the metric to fall in mid single digit. At 1300 IST, shares of the company were at INR 1,484.10, up 4%.

 

Elara Securities' estimate for the company's revenue was INR 66.62 billion, implying growth of over 2% on year. The broking firm expects the net profit to rise 10% on year to INR 5.4 billion. The company's power generation fell 20% on year to 918 million units, the brokerage said in its report. JM Financial Institutional Securities Ltd. estimates the company's revenue at INR 62.02 billion, down nearly 5% on year.

 

Putput from the power generation sector was weak during Oct-Nov, both the brokerages said, with a sharp rebound in December due to higher industrial and residential consumption during winter. "Peak power demand strengthened in December, rising 7.6% YoY (on year)to 241.2GW, due to increased use of heating appliances," Elara Capital said.

 

Both brokerage reports available on the company with Informist have a 'sell' or equivalent rating, with target prices of INR 1,313 and INR 1,323. More than 933,235 shares of the power company were traded so far, higher than over 510,268 shares traded till same time Monday.  (Prateem Rohanek)

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Equity Alert: Karnataka Bank's shares choppy ahead of Oct-Dec earnings

 

MUMBAI--1130 IST--Shares of Karnataka Bank were choppy ahead of the company's December quarter earnings. The bank' net profit is expected to rise on year. Sequentially, however, it is expected to decline marginally due to slow growth in the bank's business, according to a report by Emkay Global Financial Services Ltd. At 1120 IST, shares of the bank were marginally down at INR 206.80 on the NSE.

 

The bank's net profit is expected to rise over 3% on year but fall more than 8% from the trailing quarter to INR 2.93 billion, according to Emkay. The lender's profit was INR 2.84 billion in the year-ago quarter and INR 3.19 billion in the trailing quarter.

 

The Mangalore-based bank's net interest income is expected at INR 7.43 billion, up over 2% on quarter but down more than 6% on year. Its net interest margin is likely to grow 5 basis points sequentially due to cash reserve ratio cuts and improvement in the current account savings account ratio. However, on an on-year basis, it is likely to fall 25 bps to almost 2.8% for the December quarter, the brokerage said in its pre-earnings note.

 

All four brokerage reports on the bank available with Informist have 'buy' recommendations on the stock with an average target price of INR 252, which is nearly 22% higher than the current market price. The share price rose 14.5% since the bank announced its September quarter earnings.  (Durgesh Nandan)

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Equity Alert: Indices open slightly higher; select fincl svcs cos limit gains

 

MUMBAI--0955 IST--Benchmark equity indices opened slightly higher Tuesday, extending gains from the previous session amid positive investor sentiment towards the India-US framework deal. Healthcare-related stocks and select private banks were among the biggest gainers. A fall in a some information technology majors and some financial services companies limited the gains. 

 

At 0954 IST, the Nifty 50 was at 25939.15 points, up 71.85 points or 0.3%. The BSE Sensex was at 84308.04 points, up 242.29 points or 0.3%. Shares of Eternal rose the most among Nifty 50 constituents and were up over 2%. Shares of index heavyweights ICICI Bank and Reliance Industries were up 0.4?ch, lending support to the 50-stock index. Meanwhile, a near 1?ll in Bajaj Finance and Shriram Finance was the biggest drag, followed by a fall in shares of State Bank Of India, which had risen sharply in the previous session after the lender's strong December quarter figures.

 

Shares of pharmaceutical companies such as Cipla were up. Sun Pharmaceutical Industries and Dr Reddy's Laboratories were up around 1?ch. Major hospital operators Fortis Healthcare and Max Healthcare Institute also traded higher. Meanwhile, barring HCL Technologies and Wipro, which were down 0.4?ch, all othe constituents of the Nifty IT index traded higher.   

 

Shares of BSE advanced nearly 6% and rose the most among Nifty 200 constituents. The company's revenue from operations rose over 16% on quarter to INR 12.44 billion, surpassing analysts' estimate of INR 12.22 billion. Shares of Zydus Lifesciences were down over 2% and were among the worst hit constituents of the 200-stock index. The medical company reported the slowest year-on-year growth in its net profit in the last three quarters. However, the company's top and bottom lines handily surpassed the Street view. 

 

Among Nifty 500 companies, Pfizer's shares rose almost 9?ter the company's net profit for the December quarter rose over 11% on year to INR 1.42 billion. The company's revenue from operations for the quarter rose almost 20% to INR 6.45 billion.  (Eshitva Prakash)

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Equity Alert: Asian indices up; Japanese mkts lead gains post PM Takaichi win

 

MUMBAI--0857 IST--Most Asian indices opened higher with equity markets in Japan leading the gains after Prime Minister Sanae Takaichi's landslide victory in recent elections on Sunday lifted sentiment. The Nikkei 225 and Topix index breached their respective fresh record highs Tuesday, gaining 3% and 2%, respectively. 

 

The Japanese yen neared 160 per dollar, equities hit peaks, and Japanese government bond yields soared following the victory of Prime Minister Takaichi. She led the ruling Liberal Democratic Party to a supermajority in the Lower House, securing 316 seats in the party's largest election victory since World War II. 

 

Analysts said that her victory will lead to a revival of the so-called "Takaichi trade," which typically involves a weaker yen, rising equities, and higher long-dated Japanese government bond yields, CNBC reported. The trend reflects Takaichi's dovish stance on monetary policy and expectations of expanded fiscal stimulus, the report said.

 

The yield on Japan's 10-year bond was at 2.27% on Tuesday, reversing early weakness in a vote of confidence in Takaichi's "responsible, proactive" fiscal policy, Reuters reported. "The result reduces political uncertainty and strengthens the broader 'Japan is Back' narrative," Reuters cited Masahiko Loo, senior fixed-income strategist at State Street, as saying. 

 

Shares of Softbank Group Corp. surged as much as 12% Tuesday after its subsidiary company upgraded its full-year forecast for its financial year ending Mar. 31. The stock had risen 6.3% on Monday.

 

Among other indices in the region, Australia's S&P/ASX, Hong Kong's Hang Seng, and South Korea's Kospi were up 0.2-0.5%. China's CSI 300 was down 0.1% and the FTSE Singapore Straits Times was down 0.2%.  

 

Following are the levels of key Asian indices at 0810 IST:

 

INDEX	LEVEL	CHANGE IN %
CSI 300 Index	4715.2395	(-)0.08
Hang Seng Index	27175.65	0.55
KOSPI	5312.48	0.27
Nikkei 225 Day	57926.07	2.77
TOPIX FIRST SECTION	3861.86	2.07
FTSE Singapore Straits Times	4949.68	(-)0.22
S&P/ASX 200 Index	8884.40	0.16

 

(Simran Rede)

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Equity Alert: Mkt likely to extend gains; analysts positive on US-India deal

 

MUMBAI--0842 IST--Benchmark equity indices are likely to rise further Tuesday as investor sentiment turned positive after the recent announcement of an interim framework for the India-US trade deal, which is seen favourable for India. A strong return in the market by foreign portfolio investors in February has fuelled a risk-on sentiment, analysts said. Investors are also likely to rise tracking positive cues from strong gains in equity markets globally.

 

Shares of information technology companies will also be in focus amid global concerns around artificial intelligence tools hurting sales of software companies. Overnight, the American Depository Receipts of IT majors, Infosys and Wipro, ended around 3% lower each. Some analysts have flagged medium-term revenue concerns for IT companies.

 

Refining and crude oil producing companies will be in focus amid uncertainty regarding India's policy of crude oil purchase from Russia going forward. Under the interim framework, the US has the right to ensure compliance and can re-impose the 25% tariffs if India continues to purchase Russian crude oil. 

 

The GIFT Nifty 50 futures indicate a slightly higher start for the Nifty 50. At 0836 IST, the February contract of the GIFT Nifty was at 25980 points, up over 110 points from the Nifty 50's previous close. On Monday, the 50-stock index closed at 25867.30 points, up 173.60 points, or 0.7%, and the BSE Sensex closed at 84065.75, up 485.35 points, or 0.6%. The Nifty 50 may test 26150–26200 points in the next couple of trading sessions, Vipin Kumaar, assistant vice president – technical and derivatives at Globe Capital Market, said. On the other hand, 25500–25700 points will act as a support level for the index.

 

Overnight, equity indices in the US closed higher amid a rebound in technology stocks after last week's AI-sparked selloff, Reuters reported. The Dow Jones Industrial Average reached yet another record closing high after eking out minor gains. On Tuesday, benchmark indices in Asia were higher in early trade Tuesday, with Japan's Nikkei 225 leading the gains. Equity markets in Japan have extended their gains from a post-election rally as investors continue to engage in "Takaichi trade" in the wake of Prime Minister Sanae Takaichi's landslide victory, CNBC reported.

 

Shares of Titan Co., Eicher Motors, Grasim Industries, and Apollo Hospitals will be in focus as these Nifty 50 companies release their earnings later in the day.  (Eshitva Prakash)

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Equity Alert: US indices end up Mon as tech stocks rise post major selloff

 

MUMBAI--0808 IST--Equity indices in the US closed higher Monday, bouyed by gains in technology stocks after the recent selloff due to fears of competition from artificial intelligence. Investors await economic data this week that could shed light on the US Federal Reserve's interest-rate trajectory.

 

The US non-farm payrolls report for January is due on Wednesday, delayed due to the government shutdown in the US. Investors will also assess the consumer price index for January, scheduled for Friday. Traders are now pricing in the year's first rate cut by the Fed in June, according to CME FedWatch tool. Around 51% of market participants expect the apex bank to lower the interest rate by 25 basis points in June. 

 

On Monday, the Dow Jones Industrial Average rose to a new record high of 50219.40 points, though it closed off highs at 50135.87 points. While the Dow index is hitting fresh all-time highs, the NASDAQ Composite and S&P 500 are struggling to break their individual peaks hit in October and January, respectively.

 

The rise in the US markets on Monday was seen as "a kind of buy-the-dip mentality," Reuters reported citing Oliver Pursche, senior vice president and advisor for Wealthspire Advisors in Westport, Connecticut. Among the top gainers, Nvidia and Broadcom extended their gains from the previous session, gaining 2.5% and 3.3%, respectively. Shares of artificial intelligence giant Oracle were up 9.6?ter investment banking company D.A. Davidson upgraded the stock to 'buy' from 'neutral' due to optimism around OpenAI and its beneficiaries.

 

Following are the closing levels of US indices Monday:  

 

Index	Level	Change in %
S&P 500	6964.82	0.47
NASDAQ Composite	23238.67	0.90
Dow Jones Industrial Average	50135.87	0.04

 

(Simran Rede)

 

US$1 = INR 90.52

 

Edited by Deepshikha Bhardwaj

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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