Stocks to watch: Balkrishna, BHEL, Britannia, Godrej Properties, Tanla Platforms, Maruti Suzuki

Here is the list of top stocks that could be in focus on February 8.

Results today: Balkrishna Industries, Aban Offshore, BPCL, EID Parry, GEPIL, Godrej Consumer, Marksans, Redington, Sical, Sun TV, Usha Martin and Vakrangee are slated to announce their Q3 results on Monday.

BHEL: State-run engineering firm BHEL on Saturday reported a consolidated net loss of Rs 217.86 crore for the October-December quarter due to lower revenues.

Godrej Properties: Realty firm Godrej Properties will launch 12 housing projects during this quarter to expand business as it targets to clock record sales bookings this fiscal year, beating Rs 5,915 crore achieved in 2019-20, despite the COVID-19 pandemic, a top company official has said.

Maruti Suzuki: Total passenger vehicle production fell by 11.41% to 156,439 units in January 2021 from 176,598 units in January 2020. Production of Light Commercial Vehicles (LCV) jumped 81.07% to 4,536 units. Shares of Maruti Suzuki India fell 1.9% to settle at Rs 7,494.50 on Friday, 5 February 2021. The announcement was made after market hours on Friday.

Tanla Platforms: Cloud communication technology firm Tanla Platforms on Saturday posted multi-fold jump in consolidated net profit to Rs 93.5 crore for the quarter ended on December 31, 2020. The company had posted a profit of Rs 68 lakh in the same quarter a year ago when it had factored in depreciation of Rs 37.67 crore with new pesky call regulations coming in place.

Britannia: Food company Britannia Industries reported a 22.4% increase in consolidated net profit at Rs 452.64  crore for the third quarter ended December 2020. The company had posted a net profit of Rs 369.88 crore in the October-December period a year ago, Britannia Industries said in a BSE filing.

Hindustan Aeronautics: Hindustan Aeronautics (HAL) has signed a memorandum of understanding (MoU) with Safran Aircraft Engines, France at Aero India 2021 to explore opportunities for strategic business cooperation that leverage the complementary talents and capabilities of the both parties and support development of a robust ecosystem for aero-engines in India, consistent with the goals of the Government of India’s Make in India initiative.

BDL: Bharat Dynamics (BDL) has launched two new products during Aero India- 2021 – the ‘Dishani’ and ‘Garudastra’. Garudastra is an advanced anti submarine self guided state of the art homing torpedo being designed and developed by NSTL, DRDO with BDL as the development partner. Dishani, an expendable air-deployed ASW sonobuoy system being designed and developed by NPOL, DRDO. BDL is the development partner for Dishani.

AstraZeneca Pharma India: The company has received Import and Market Permission in Form CT-20 (Subsequent New Drug Approval) from the Drugs Controller General of India for Dapagliflozin Tablets 10mg. Dapagliflozin Tablets 10mg is now approved for additional indication: For the treatment of patients of Chronic Kidney Disease up to Stage III (eGFR of greater than or equal to 30ml/min/1.73m2). The receipt of this permission paves way for the launch of Dapagliflozin Tablets 10mg into a new disease area to Nephrologists in India, subject to the receipt of related statutory approvals and licenses.

Tata Motors: Tata Motors has opened bookings of the all-new Safari. Customers can book this new premium SUV at a refundable amount of Rs 30,000. The vehicles are now on display and available for test drives across the company’s dealer network. Furthermore, price announcement and deliveries of the all-new Safari will begin on February 22, 2021.

Gulf Oil: Gulf Oil Lubricants’ board has approved to enter into an agreement with Gulf Oil International (GOI) to participate and co-invest in GOI’s recent investment along with the Clean Growth Fund (CGF- a UK venture capital fund) in Indra, the UK Based Electric vehicle (EV) and smart energy technology company developing innovative charging and energy storage solutions for home and commercial use. With this investment, Gulf India will get access to an established technology in EV charging space to adopt the same for Indian conditions and leverage its wide distribution and brand strengths to extend Gulf Branded residential and commercial charging points as per the evolving needs of Indian consumers.

Adani Enterprises: Adani Enterprises’ Wholly Owned Subsidiary– Adani Airport Holdings (AAHL) has acquired 23.5% equity stake i.e. 28,20,00,000 Equity Shares of Rs 10 of Mumbai International Airport (MIAL) from ACSA Global (ACSA) and Bid Services Division (Mauritius) (Bidvest). MIAL is engaged in the business of development, construction and operation of Chhatrapati Shivaji Maharaj International Airport.

Ambuja Cements: In keeping with its vision in achieving Sustainability, Ambuja Cements has notched yet another first with the commencement of ‘Sea trials on Bio-diesel Blends’ by one of its fleet of captive ships, ‘Ambuja Mukund’ that was conducted at sea. Ambuja has received approvals to conduct this sea trial from the Directorate General of Shipping (DGS) and the Indian Register of Shipping (IRS), thus marking a new chapter in Indian coastal shipping.