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Stocks to Watch: LIC, Hero Motocorp, Biocon, Grasim Industries, Torrent Power, RVNL and more

SUMMARY

Stocks to watch: From LIC, Biocon, Grasim Industries, Torrent Power, RVNL, HCC, Patanjali Foods, Aster DM Healthcare to Ramco Cements, Suryoday SFB and more, here is a look at stocks to track in the trading session of February 9.

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By Jomy Jos Pullokaran  Feb 9, 2024 7:20:01 AM IST (Updated)

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LIC, stocks to watch, top stocks
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LIC | Insurance behemoth on Thursday said its board of directors has declared an interim dividend of ₹4 per equity share of the face value of ₹10 each, for the financial year 2023-24. The company reported a 49% year-on-year jump in net profit at ₹9,441 crore for the third quarter that ended December 31, 2023.

Biocon, stocks to watch, top stocks
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Biocon | Biotechnology major on Thursday reported a net profit of ₹660 crore for the third quarter that ended December 31, 2023. In the corresponding quarter last year, Biocon posted a net loss of ₹41.8 crore. The company's revenue from operations increased 34.4% to ₹3,953.7 crore as against ₹2,941.1 crore in the corresponding period of the preceding fiscal.

Grasim Industries, stocks to watch, top stocks
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Grasim Industries | Aditya Birla group firm on Thursday reported an 8.2% year-on-year decline in net profit at ₹236.3 crore for the third quarter that ended December 31, 2023. In the corresponding quarter last year, Grasim posted a net profit of ₹257.4 crore. The company's revenue from operations increased 3.3% to ₹6,400.3 crore as against ₹6,195.6 crore in the corresponding period of the preceding fiscal.

Torrent Power, stocks to watch, top stocks
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Torrent Power | The company reported a 46% dip in its consolidated net profit to ₹374 crore in the December quarter compared to the year-ago period mainly due to lower revenues. The company reported a net profit of ₹695 crore in the third quarter of FY 2022-23. Revenue from operations stood at ₹6,366 crore in the December quarter of FY23-24 compared to ₹6,443 crore in Q3 of FY22-23.

RVNL, stocks to watch, top stocks
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RVNL | State-owned company on Thursday reported a 6.2% year-on-year decline in net profit at ₹358.6 crore for the third quarter that ended December 31, 2023. In the corresponding quarter last year, Rail Vikas Nigam posted a net profit of ₹382.4 crore. RVNL's revenue from operations dipped 6.4% to ₹4,689.3 crore as against ₹275.6 crore in the corresponding period of the preceding fiscal.

HCC, stocks to watch, top stocks
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HCC | The company on Thursday reported a consolidated profit of ₹233.22 crore in the December quarter. The company had clocked a net loss of ₹283.72 crore in the year-ago period. Its total income in the third quarter of the ongoing fiscal rose to ₹1,512.30 crore, as against ₹1,359.51 crore in the corresponding period of the last fiscal.

Patanjali Foods, stocks to watch, top stocks
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Patanjali Foods | Baba Ramdev-led company on Thursday reported a 19.6% year-on-year dip in net profit at ₹216.5 crore for the third quarter that ended December 31, 2023. In the corresponding quarter last year, Patanjali posted a net profit of ₹269.2 crore. The company's revenue from operations declined 0.2% to ₹7,910.7 crore as against ₹7,926.6 crore in the corresponding period of the preceding fiscal.

Aster DM Healthcare, stocks to watch, top stocks
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Aster DM Healthcare | Hospital chain on Thursday reported a 28.6% year-on-year jump in net profit at ₹179.2 crore for the third quarter that ended December 31, 2023. In the corresponding quarter last year, Aster posted a net profit of ₹139.4 crore. The company's revenue from operations increased 16.2% to ₹3,710.6 crore as against ₹3,192.1 crore in the corresponding period of the preceding fiscal.

Ramco Cements, stocks to watch, top stocks
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Ramco Cements | Cement maker on Thursday reported a 38.6% year-on-year jump in net profit at ₹93.4 crore for the third quarter that ended December 31, 2023. In the corresponding quarter last year, The Ramco Cements posted a net profit of ₹67.4 crore. The company's revenue from operations increased 4.8% to ₹2,106.1 crore as against ₹2,008.8 crore in the corresponding period of the preceding fiscal.

Suryoday SFB, stocks to watch, top stocks
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Suryoday SFB | The bank on Thursday reported an over three-fold jump in net profit to ₹57 crore in the third quarter ended December 2023, aided by higher core income and a reduction in bad loans. The bank had earned a net profit of ₹18 crore in the same quarter a year ago. Its total income increased to ₹463 crore in the quarter against ₹317 crore in the year-ago period.

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Bandhan Bank, Emami, Godrej Industries, Hero Motocorp, HUDCO, IRFC, MRF, Pfizer, and Tata Power among others are expected to report their earnings for the October to December 2023 quarter.

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