Transport consultancy RITES, which has outperformed the Nifty, may fall by over 30% according to analysts. The recent note is based on Q3FY24 results showing a flat net sales growth and decrease in net profit. Their sell call and target price of Rs 515 is due to margin compression and stock's high performance compared to Nifty. Railway stocks also fell.

Bharti Airtel on February 5 reported a consolidated net profit of Rs 2,442.2 crore for the October-December quarter, growing 54 percent from the same quarter a year ago. Its revenue came in at Rs 38,339 crore, up 6.3 percent from Rs 36,062 crore in the year-ago period, Bharti Airtel said in an exchange filing. The revenue met expectations, and net profit was above the Street estimates.

Indian equity benchmarks ended lower in a volatile session on February 5 as investors awaited the RBI meet outcome for rate cute cues and inflation trajectory. The market opened in the green but Sensex and Nifty closed near the day's low. Top gainers included Tata Motors, Coal India, BPCL, Sun Pharma and Cipla, while top losers were UPL, Bharti Airtel, Bajaj Finance and Grasim Industries.

CRISIL has upgraded Adani Power's stock rating to AA-/Stable, citing the company's operational excellence and prudent financial discipline. This is the first upgrade in a year and will help reduce cost of funds. The company has strong cash flows and low leverage due to improved payment track record and liquidation of regulatory dues. CRISIL expects APL's EBITDA to remain healthy.

📈 Domestic benchmark indices closed on a negative note today. 📢 At 3:30 PM, the Sensex tanked by 354.21 points or 0.49% at 71,731.42, and the Nifty was down 82.10 points or 0.38% at 21,771.70. 📊Among sectoral, Nifty Pharma (⬆️1.79%) turned out to be the best performer while Nifty FMCG (⬇️ 0.76%) saw considerable selling.

Three top stock recommendations on Stockwits this week are CDSL, Alkem Laboratories, and Accelya Solutions India Ltd. These stocks have gained attention and positive sentiment from the trading community, with strong upside potential according to various analysts and experts. Benchmarks like NSE Nifty 50 and BSE Sensex opened higher in Monday's trading session.

Rupee traded in a narrow range due to caution ahead of the Union Budget and FOMC statement. India saw outflows of $2.6 billion while RBI intervened to control volatility. The budget showed fiscal deficit lowering for FY25, leading to positive reaction for the rupee. Inflation data and Fed's stance on rates will impact the dollar, expected to remain strong with jobs market and inflation figures.

The Indian equity market saw a sharp decline on February 5, influenced by investors' cautiousness ahead of the RBI policy outcome and ongoing earnings season. Factors such as foreign institutional investor outflows, geopolitical risks, and global bond yields also played a role. Technical parameters suggest further consolidation with key support at 21,660-21,600.

Larsen & Toubro's CFO R Shankar Raman says private sector is no longer jittery about capital expenditure, but remains cautious. Factors such as policy stability and demand outlook are influencing investment decisions. The Interim Budget has provided for an 11% increase in capital expenditure, indicating the government's confidence in completing infrastructure projects and promoting employment.

Larsen & Toubro (L&T) plans to continue expanding their workforce by 10-11% annually, mainly in engineering. They aim to also increase staff, specifically in Saudi Arabia, in alignment with the country's goal to improve local skills. L&T has a strong order backlog and expects to exceed their targets for revenue and order intake in the current financial year.

China stocks fell on Monday, but losses were limited by regulators' promises to stabilize the market and signs of state investors buying small-caps. The Shanghai Composite Index saw its sixth straight day of declines, while state-backed investors stepped in to support the market. Economic indicators showed no improvement and IMF predicts China's growth will continue to decline.

Ashish Kacholia has been allotted 13.62 lakh shares of Man Industries worth Rs 50 crore at a price of Rs 367 per share, along with other investors. The group is expanding into new sectors and its flagship company has delivered good returns in the past year. Kacholia has also made changes to his other stock holdings, reducing stake in Balu Forge Industries.

IndiGo promoter Rakesh Gangwal is likely to offload another tranche of shares in the low-cost carrier soon, CNBC-TV18 reported on February 5 citing sources. Roadshows are also likely underway to gauge investor interest for the stake sale. The lock-in period for the Gangwals before they can further pare stake in the company ends on February 13.

Paytm's stock has fallen for a third day due to India's central bank considering revoking its license for regulatory violations. Paytm denies any investigation by anti-money laundering agency and is cooperating with authorities. The company's market value has dropped 80% and the regulator's actions could impact its digital payments business. Paytm plans to partner with third-party banks to expand.

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