Stocks to Watch Today: Hero MotoCorp, IDBI Bank, Earnings, Deals, Policy Impact | February 02

Stocks to watch today on February 02 amid earnings, auto sales, divestment updates and bulk deals

Stocks to Watch Today are dominated by earnings-linked action, policy-driven sentiment, and sector-specific developments as the share market today opens to a data-heavy trading session on February 02. Quarterly results from mid- and large-cap companies, strong auto sales data, progress on strategic disinvestment, and budget-linked commentary are shaping stock-specific focus across sectors.


Share Market News – Highlights


Key Market-Moving Developments

The most significant triggers among stocks to watch today include the advancement of IDBI Bank’s strategic disinvestment process, strong monthly sales reported by Hero MotoCorp, heightened sensitivity in brokerage-linked stocks following changes to derivatives taxation, and increased attention on biopharma companies after supportive policy commentary.

Additionally, cybersecurity disclosures, management changes, infrastructure approvals, and institutional deal activity are contributing to stock-specific movements as investors digest a mix of macro and company-level updates.

Earnings in Focus: Results Expected Today

A large group of companies is scheduled to announce their December quarter results, keeping earnings firmly at the centre of today’s stocks to watch. These include manufacturers, infrastructure players, financial services firms, technology companies, and real estate developers.

Key names reporting today include Hyundai Motor India, Indus Towers, PB Fintech, Aarti Industries, Akzo Nobel India, Ather Energy, Awfis Space Solutions, Bajaj Housing Finance, Chalet Hotels, City Union Bank, Mahindra Lifespace Developers, Olectra Greentech, PG Electroplast, RailTel Corporation of India, Tata Chemicals, Thermax, UPL, and Utkarsh Small Finance Bank.

The results are expected to provide insight into demand trends, cost pressures, balance-sheet strength, and sectoral performance during the December quarter, without implying any forward-looking expectations.

Automobile Sector: Monthly Sales Update

The automobile segment remains among the most closely tracked areas within today’s stocks to watch, following the release of January sales data.

Hero MotoCorp reported a strong year-on-year increase in total sales, supported by higher domestic volumes and steady export growth. Total sales rose sharply compared with the same month last year, reflecting improved retail demand and inventory normalization. Domestic dispatches accounted for the bulk of volumes, while exports also registered double-digit growth.

The sales performance adds to the broader set of data points being evaluated by market participants to assess consumption trends in the two-wheeler segment.

Corporate Actions and Operational Updates

Several companies announced developments that are likely to keep them among today’s stocks to watch.

Mphasis disclosed a change in its senior management, with the resignation of a senior executive overseeing enterprise operations in North America. The individual has consequently ceased to be classified as part of the company’s senior management personnel.

Tourism Finance Corporation of India stated that it has approved participation as an investor in a diversified debt-focused alternative investment fund, with exposure capped at a defined percentage of the fund’s total corpus.

Gabion Technologies India received vendor approval for its rock catch fence and barrier systems for use in a section of the Mumbai–Ahmedabad High-Speed Rail project. The approval enables the company’s systems to be deployed in infrastructure packages awarded to large engineering contractors.

Blue Star reported the detection of unauthorised access to certain internal product installation data. The company stated that access was restricted immediately upon identification and that external cybersecurity experts have been engaged to assess the incident. The disclosure was made in the interest of transparency and governance.

Quess Corp informed exchanges that it has received a final assessment order from the Income Tax Department, raising a tax demand. The company noted that it is evaluating the order in accordance with applicable processes.

Bulk Deal Activity

Institutional participation remained visible through bulk deal disclosures, which are monitored as part of routine market transparency rather than directional indicators.

CompanyBulk Deal Summary
India HomesStake exchange between an institutional buyer and an existing shareholder through on-market transactions
Onward TechnologiesAcquisition of a minority stake by a fund backed by a former global retail executive

Brokerage and platform-linked stocks remained under observation after changes announced in the Union Budget related to derivatives taxation. Market participants continued to assess the potential impact on trading volumes and transaction activity, particularly in the futures and options segment.

Public sector bank stocks also stayed in focus amid broad-based selling pressure, following the announcement of the government’s gross market borrowing programme for the upcoming financial year. The development influenced sentiment across PSU lenders without altering disclosed fundamentals.

Biopharma stocks attracted attention after policy remarks highlighted the government’s intent to strengthen India’s position as a global biopharmaceutical manufacturing hub. The commentary reinforced the strategic importance of biologics and advanced therapies in the long-term healthcare ecosystem.

Broader Market Context

Beyond immediate company-specific updates, today’s stocks to watch are being evaluated against a backdrop of ongoing earnings announcements, fiscal policy signals, and sector-level developments. Several companies are scheduled to report results over the coming sessions, ensuring that earnings-related volatility remains a dominant theme.

This article is prepared strictly for informational and educational purposes. It does not constitute investment advice, recommendations, or forecasts, and it avoids forward-looking statements in line with SEBI communication standards. All information is based on publicly available disclosures as of February 02.

As trading progresses, stocks to watch today will continue to be shaped by earnings outcomes, regulatory disclosures, institutional activity, and macroeconomic developments reflected in the share market today.

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