Stocks to watch on February 5: SBI, Zee, Paytm, Tata Motors, InterGlobe Aviation and more

Stocks worth watching today: As per instructions from GIFT Nifty, the benchmark indices Sensex and Nifty are expected to start moving lower on February 5 and the overall index is expected to fall by 31 points, making for a bad start.

Following strong gains on February 2, with the Nifty hitting a fresh high of 22,126.80 and the Sensex surging over 1,400 points, the market witnessed some retracement from the day’s highs.

The Sensex index closed at 72,085.63 points, down 440.33 points or 0.61%; the Nifty index closed at 21,853.80 points, down 156.30 points or 0.72%.

Here are a bunch of stocks that will be on your radar on February 5th for a variety of reasons:

• No. 97 News (Paytm): Morgan Stanley Asia (Singapore) Pte Ltd Foreign Institutional Investors Ltd has acquired 5 million shares of Paytm, accounting for 0.79% of the paid-up share capital. The average price of the acquisition was Rs 487.2 per share, valuing Paytm shares in total at Rs 243.6 billion.
• State Bank of India: The public sector lender’s standalone profit was Rs 9,164 crore in the quarter ended December FY24. The sharp decline of 35.5% compared to the same period last year was mainly due to an abnormal loss of Rs 7,100 crore during the quarter. In addition, provisions and contingencies fell significantly by 88%, and operating profit before provisions fell by 19.4%.
• Zee Entertainment Enterprises: Singapore International Arbitration Center (SIAC) dismisses interim relief to Sony Pictures Networks India operators Culver Max and Bangla Entertainment in response to Zee Entertainment Enterprises’ plea before the National Company Law Tribunal (NCLT) over proposed merger implement. According to a regulatory filing, SIAC concluded that its emergency arbitrator lacked jurisdiction or authority to restrain the company from approaching NCLT to implement the merger plan. It emphasized that these matters fall within the statutory framework and are decided by the NCLT.
• Tata Motors: The Tata Group of Companies’ consolidated profit rose 137.5% year-on-year to Rs 7,025 crore in the quarter ended December FY24. This substantial growth was attributed to strong operating performance.
• InterGlobe Aviation: The budget airline reported a sharp 110.7% year-on-year growth in profits during October-December FY24, totaling Rs 2,998.1 crore. This impressive performance was attributed to strong revenue and strong operating results. Operating income in the current quarter also increased significantly by 30% from the same period in the previous fiscal year to 19,452 billion rupees.
• LIC Housing Finance: The housing finance company reported a sharp 142% year-on-year jump in net profit to Rs 1,163 crore for the quarter ended December FY24.
• Cochin Shipyard: The state-owned shipping company has signed a Rs 150-crore contract with the Indian Navy for medium-sized conversion of two naval vessels. The comprehensive contract includes drydocking, refit activities and enhancements to the ship’s equipment.

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