Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, and acquisitions, here’s a quick look at which stocks will be in focus on February 4 :

Power Grid Corporation of India – As per its latest Q3FY25 announcement, the company reported a 4% YoY decline in net profit to Rs 3,862 crore. It posted a 3% increase in revenue from operations, reaching Rs 11,550 crore.

JK Tyres – The company has received an order from the GST Authority regarding the reversal of Input Tax Credit (ITC) on machinery lease rent, amounting to Rs 8.06 crore, along with interest and a penalty of Rs 81 lakh.

DOMS – The board has approved a corporate guarantee for its subsidiaries, Micro Wood Private Limited and Uniclan Healthcare Private Limited. The decision is subject to shareholder approval.

Thomas Cook (India) Ltd – Executive Chairman Madhavan Menon has retired after 25 years with the company. He will continue as Non-Executive Chairman. Mahesh Iyer is taking over as Managing Director and CEO.

Castrol India – The company has announced a split of its equity shares, reducing the face value from Rs 10 each to Rs 2 each.

Asian Paints – The company has received approval for reclassifying Vijal Holding and Trading Company from the “Promoter Group” to the “Public” category.

Metro Brands  – A shareholder meeting is scheduled for the appointment of Bhaskar Bhat and Radhika Dilip Piramal as non-executive independent directors.

JK Tyre & Industries – The company has appointed Arun Kumar Jaura as Chief Technology Officer, effective February 3, 2025.

Godrej Properties – The company has acquired 100% equity shares of Pearlshine Home Developers Private Limited, making it a wholly-owned subsidiary.

RACL Geartech – The company has achieved operational readiness for its dedicated manufacturing facility at Gajraula and has commenced pre-series production.

Anand Rathi Wealth – The company has formed a wholly-owned subsidiary, Anand Rathi Wealth UK Limited, in the United Kingdom.

IDBI Bank – The bank has been penalized Rs 5.22 crore by the additional commissioner of CGST and CX, Mumbai South.

Lupin – The company has received an order from the Maharashtra GST Authority imposing a penalty of Rs 3.55 crore for the alleged wrongful availment of ITC. While the company intends to appeal, the penalty could have a short-term negative impact on stock performance.

Earnings 

HFCL – HFCL’s net profit declined by 12% YoY to Rs 72.58 crore, while revenue from operations fell by 2% to Rs 1,012 crore.

Gland Pharma – Gland Pharma’s net profit increased by 7% YoY to Rs 205 crore. However, revenue from operations declined by 10% to Rs 1,384 crore.

Garden Reach Shipbuilders & Engineers – The company reported an 11% YoY increase in net profit, reaching Rs 98 crore. Revenue grew by 38% YoY to Rs 1,271 crore.

Premier Energies – Premier Energies posted a 491% increase in net profit to Rs 255 crore, alongside a 140% rise in revenue to Rs 1,713 crore.

Tata Chemicals – Tata Chemicals reported a net loss of Rs 21 crore for Q3, compared to a net profit of Rs 194 crore in the same period last year.

Castrol India – Castrol India’s net profit rose 12% YoY to Rs 271 crore, with a 7.1% increase in revenue to Rs 1,354 crore.

NLC India – NLC India reported a 39% YoY increase in revenue, reaching Rs 4,411 crore. EBITDA more than doubled to Rs 1,827 crore, and net profit grew to Rs 668 crore.