Stocks To Watch: Tata Motors, Tech Mahindra, ICICI Bank

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Stocks To Watch: Tata Motors, Tech Mahindra, ICICI Bank

Finance minister Nirmala Sitharaman will present the Budget in Parliament today. The budget comes at a time when the country is facing a once-in-a-lifetime health crisis. Ms Sitharaman will have the unenviable task of managing the government's battered finances and ensuring a recovery in demand, in an economy facing its worst contraction since 1952.



The stock market is expected to open in the red on February 1, ahead of the Budget. The SGX Nifty trends indicate a negative opening for the index in India, with a 41-point loss.

The BSE Sensex had plunged 588.59 points, or 1.26 per cent, to 46,285.77 and the Nifty had fallen 182.90 points or 1.32 per cent, to 13,634.60.

Stocks to watch in today's session:

Tata Motors

Tata Motors' net profit rose 67 per cent to ₹ 2,906.5 crore in the December quarter from ₹ 1,738.3 crore, while revenue rose 5.5 percent to ₹ 75,653.79 crore from ₹ 71,676.07 crore.

Tech Mahindra

Tech Mahindra's consolidated net profit in the December quarter rose 23 per cent to ₹ 1,309.8 crore from ₹ 1,064.6 crore, while revenue increased 2.9 percent to ₹ 9,647.1 crore from ₹ 9,371.8 crore.

ICICI Bank

ICICI Bank's net profit in Q3FY21 rose 19.1 percent to ₹ 4,939.6 crore from ₹ 4,146.5 crore, while net interest income rose 16 percent to ₹ 9,912.5 crore from ₹ 8,545.3 crore, YoY.

Cipla

Cipla reported sharply higher net profit at ₹ 748.2 crore in Q3FY21 as against ₹ 351 crore in Q3FY20, while revenue jumped 18.2 percent to ₹ 5,168.7 crore from ₹ 4,371 crore, YoY.

SOURCE - https://www.ndtv.com/business/stocks-to-watch-in-trade-today-february-1-2021-tata-motors-tech-mahindra-icici-bank-2360946