Stocks To Watch for Feb 4: Bajaj Finance, Pidilite, Bharat Coking Coal, Nazara Tech and more

By Admin

04 Feb, 2026

Indian equity markets are set for an active trading session on Wednesday as several prominent companies have announced their Q3 financial results. Stocks across pharma, finance, cement, gaming, FMCG, and retail sectors are likely to remain in focus based on earnings performance, margins, and outlook. Here is a detailed look at the key stocks to watch on February 4.

Overview of market action
Quarterly earnings remain the primary trigger for stock-specific movement. Strong profit growth, margin expansion, or sharp declines can influence investor sentiment and intraday volatility. The following companies have reported their Q3 results and are expected to see heightened activity.

Mankind Pharma
Mankind Pharma reported a net profit of ₹408.7 crore for Q3, marking a 7.5% year-on-year increase compared to ₹380.2 crore. Revenue rose 11.5% to ₹3,567 crore from ₹3,198 crore YoY. EBITDA grew 12.7% to ₹919.6 crore from ₹816.2 crore, with EBITDA margin improving slightly to 25.8% from 25.5%. The steady growth in revenue and margins indicates stable operational performance.

Firstsource Solutions Limited
Firstsource Solutions Limited posted a net profit of ₹120 crore in Q3, down 33% from ₹179.5 crore in the previous quarter. Despite the decline in profit, revenue increased 6.6% quarter-on-quarter to ₹2,467 crore. The company also declared an interim dividend of ₹5.50 per share for FY 2025–26, which could offer some support to the stock.

Aditya Birla Capital
Aditya Birla Capital delivered a strong performance with Q3 net profit rising 41% year-on-year to ₹983 crore. Revenue for the quarter grew 30% YoY to ₹14,181 crore. The robust growth across segments reflects improved business momentum and strong demand for financial services.

Bajaj Finance
Bajaj Finance reported a net profit of ₹4,066 crore, down 5.6% from ₹4,308 crore YoY. However, Net Interest Income increased sharply by 20.6% to ₹11,318 crore from ₹9,383 crore. Gross NPA stood at 1.21% as of December 31, indicating asset quality remains under control. The mixed performance may lead to selective investor reactions.

Nazara Tech
Nazara Tech reported a net profit of ₹8.8 crore for Q3, a decline of 35.8% from ₹13.7 crore YoY. Revenue fell 24% to ₹406 crore from ₹534.7 crore. The sharp drop in both profit and revenue could keep the stock under pressure during the session.

Godrej Agrovet
Godrej Agrovet reported a Q3 net profit of ₹109.9 crore, largely flat compared to the same period last year. Revenue grew 11% year-on-year to ₹2,718 crore from ₹2,449 crore. Stable profitability with revenue growth suggests resilience in core agri-business segments.

Bharat Coking Coal
Bharat Coking Coal posted a net loss of ₹23 crore in Q3, a sharp reversal from a net profit of ₹425 crore reported in the same quarter last year. The loss is likely to weigh on investor sentiment and could lead to volatility in the stock.

JK Lakshmi Cement
JK Lakshmi Cement reported a Q3 net profit of ₹57 crore, down 23% from ₹74 crore YoY. Revenue increased 6.3% to ₹1,588 crore, while EBITDA rose marginally by 2.1% to ₹205.5 crore. EBITDA margin slipped to 12.9% from 13.4%, indicating margin pressure despite revenue growth.

V2 Retail
V2 Retail delivered an impressive performance with Q3 net profit jumping 99.3% year-on-year to ₹102.06 crore. Revenue surged 57.2% to ₹929.2 crore, while EBITDA grew 55.8% to ₹173.68 crore. Strong growth across all parameters makes the stock one to watch closely.

Pidilite Industries
Pidilite Industries Ltd reported a Q3 net profit of ₹623.84 crore, up 11.9% from ₹557 crore in the year-ago period. The profit figure also exceeded the CNBC-TV18 poll estimate of ₹608 crore, reflecting better-than-expected operational performance.

Triveni Turbine Ltd
Triveni Turbine Ltd reported a marginal 0.3% decline in Q3 net profit to ₹92.1 crore compared with ₹92.4 crore last year. Revenue, however, rose sharply by 24% to ₹624 crore from ₹503.4 crore, driven by higher execution during the quarter.

Conclusion
With a mix of strong earnings, margin pressures, and profit declines, these stocks are expected to remain in focus during the February 4 trading session. Investors are likely to track management commentary, sector cues, and broader market sentiment while making trading decisions.