Stocks to Watch on Feb 01: Sun Pharma, IndusInd Bank, Inox Wind, ONGC and More in Focus

Sensex and Nifty50 are set to react to Budget 2025 proposals in a special trading session on Saturday, February 1, 2025. Finance Minister Nirmala Sitharaman will present her eighth budget, the second under Modi 3.0. GIFT Nifty Futures were last seen at 23,533, down 87 points from Nifty50 futures.

On Friday, the market closed on a strong note, with the BSE Sensex rising 740 points (0.97%) to 77,500.57, while the Nifty50 gained 258 points (1.11%) to settle at 23,508.40.

Here are the key stocks to watch today: 

• Sun Pharmaceutical

Sun Pharmaceutical Industries reported a Q3 net profit of ₹2,900 crore, up from ₹2,520 crore year-on-year (YoY), surpassing the estimated ₹2,880 crore. EBITDA increased to ₹4,008 crore from ₹3,480 crore YoY, with margins improving to 29.3% from 28.08%.

• IndusInd Bank

IndusInd Bank posted a Q3 net profit of ₹1,400 crore, down from ₹2,298 crore YoY but beating estimates of ₹1,271 crore. Revenue increased to ₹12,800 crore from ₹11,572 crore YoY. Gross NPA rose to 2.25% from 2.11% in the previous quarter, while net NPA stood at 0.68% compared to 0.64%.

• Bandhan Bank

Bandhan Bank saw a decline in Q3 net profit to ₹430 crore from ₹730 crore YoY and ₹940 crore quarter-on-quarter (QoQ). Revenue grew to ₹5,480 crore from ₹4,665 crore YoY. Gross NPA remained steady at 4.68%, while net NPA slightly improved to 1.28%. Provisions rose significantly to ₹1,380 crore from ₹610 crore QoQ.

• Oil & Natural Gas Corporation (ONGC) 

Oil & Natural Gas Corporation (ONGC) reported a Q3 net profit of ₹8,240 crore, down from ₹11,980 crore QoQ, missing estimates of ₹9,760 crore. Revenue stood at ₹33,720 crore, largely stable from the previous quarter.

• Inox Wind

Inox Wind posted a significant jump in Q3 net profit to ₹117 crore from ₹11 crore YoY and ₹92.89 crore QoQ. Revenue surged to ₹911 crore from ₹500 crore YoY, with EBITDA rising to ₹207 crore.

• Waaree Energies

Waaree Energies secured a notification of award from Solar Energy Corporation of India (SECI) to establish a 90,000 MT per annum green hydrogen production facility under the SIGHT Scheme.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

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