Stocks to Watch Today: SBI, Tata Steel, RIL, Earnings, Deals, Policy Impact | February 09

Stocks to Watch Today are expected to remain driven by a heavy flow of December-quarter earnings, major corporate acquisitions, regulatory developments, and policy-related cues. As the share market today opens on February 09, market participants are tracking performance across banking, metals, cement, automobiles, pharmaceuticals, consumer goods, and infrastructure, alongside institutional activity and macro developments influencing export-oriented sectors.

Share Market News – Highlights

Key market-moving developments
December quarter earnings summary
Companies announcing results today
Strategic investments and corporate actions
Policy and macroeconomic impact
Bulk deals and ownership changes
Ex-dividend and other corporate events
Broader market context

Key Market-Moving Developments

The most significant trigger among today’s stocks to watch is the strong set of December-quarter earnings from large-cap lenders and industrial companies. State Bank of India reported a sharp year-on-year rise in profit, supported by higher interest income and strong treasury performance, while asset quality metrics continued to improve sequentially.

Metals and cement companies also remained in focus after Tata Steel and Shree Cement reported improved profitability, aided by volume growth and operational efficiencies, even as pricing conditions remained mixed.

In addition, corporate actions involving acquisitions, mergers, capacity expansions, and regulatory approvals contributed to stock-specific momentum across FMCG, power financing, pharmaceuticals, and manufacturing segments.

December Quarter Earnings: Performance Overview

Banking and Financial Services

State Bank of India delivered a robust December-quarter performance, with standalone net profit rising sharply year-on-year. Growth in net interest income, a substantial rise in other income, and higher operating profit supported the bottom line, even as provisioning levels increased. Asset quality continued to improve sequentially, with both gross and net non-performing asset ratios declining.

Metals, Cement, and Building Materials

Tata Steel reported a sharp improvement in consolidated profitability, reflecting higher volumes and improved operating leverage, despite subdued steel prices. Revenue growth remained steady during the quarter.

Shree Cement posted strong growth in net profit, supported by stable volumes and improving demand conditions. Revenue growth remained moderate, while operating margins showed some pressure.

Automobiles and Auto Ancillaries

JK Tyre and Industries recorded a multi-fold increase in quarterly profit, driven by higher revenue and operational improvements. Atul Auto also reported a significant rise in profitability, supported by improved sales volumes.

Whirlpool of India, however, reported a decline in net profit due to exceptional losses, even as revenue growth remained modest.

Consumer, Retail, and Jewellery

Kalyan Jewellers reported a strong rise in profit and revenue, reflecting robust demand and scale-led operating leverage. Crompton Greaves Consumer Electricals posted revenue growth, though profitability declined due to exceptional costs.

Sula Vineyards reported a decline in profit and revenue, attributing the weaker performance to inventory destocking in key markets.

Healthcare and Pharmaceuticals

Krishna Institute of Medical Sciences reported strong revenue growth but lower profitability, primarily due to a decline in other income. SMS Pharmaceuticals and Oswal Pumps posted healthy growth across profit and revenue.

Technology and IT Services

Sonata Software reported stable profitability with moderate revenue growth. Operating performance improved sequentially, even as other income declined during the quarter.

Companies Reporting Results Today

Several companies are scheduled to announce their December-quarter earnings today, keeping earnings-driven stocks to watch today firmly in focus. These include:

Strategic Investments and Corporate Actions

Reliance Industries remained in focus after its FMCG arm acquired a majority stake in Australia-based Goodness Group Global, strengthening its presence in the global “better-for-you” beverages segment.

Power Finance Corporation completed the acquisition of the government’s majority stake in Rural Electrification Corporation, making REC its subsidiary, following approval from the Cabinet Committee on Economic Affairs.

Tata Chemicals announced an investment to set up a greenfield manufacturing facility in Tamil Nadu to expand its salt manufacturing capacity, reinforcing its supply-chain footprint.

BEML approved a substantial investment for setting up a greenfield rail manufacturing facility in Madhya Pradesh, reflecting continued focus on rail infrastructure.

Indian Renewable Energy Development Agency approved a fund-raising plan through qualified institutional placement, subject to maintaining government shareholding thresholds.

Policy and Macro Developments

Markets are also opening against the backdrop of the India–US interim trade agreement, under which US tariffs on Indian goods are set to decline. The development is being closely tracked by export-oriented sectors such as chemicals, auto ancillaries, and industrial manufacturing, which have significant exposure to North America.

Bulk Deals and Ownership Changes

Institutional and promoter activity remained visible through bulk transactions. Promoter entities increased their stake in SG Finserve, while Scan Help Technologies reduced its holding in Bartronics India through market sales.

Ex-Dividend and Other Corporate Events

Several stocks are trading ex-dividend today, including:

Go Fashion (India) is trading ex-date for buyback, while Sammaan Capital continues to remain in the F&O ban list.

Broader Market Context

Overall, stocks to watch today are being evaluated amid a peak earnings season marked by strong banking sector performance, selective recovery in industrial activity, and continued focus on balance-sheet strength and governance.

As trading progresses, stocks to watch today will continue to reflect the combined impact of earnings outcomes, corporate actions, institutional activity, and macroeconomic developments shaping the share market today.

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