Day's Digest - Five stocks to watch out on February 12

The five stocks that may witness some kind of significant movement on Feb 12 in the markets are: IL&FS Transportation Networks, Tata Steel Ltd, NALCO, WIPRO and Adani Ports.

a)      IL&FS Transportation Networks: IL&FS Transportation Networks reported Q3 FY16 result on Thursday. Net profit in the December quarter grew by 38% to Rs 166 crore on YoY. Income from operations fell by 3.5% to Rs 1,882 crore YoY. Other operating income of Rs 307 crore helped company in posting higher profit.

b)     Tata Steel Ltd:  Global agency Moody's downgraded credit ratings of Tata Steel, on a weaker than expected operating performance in its key operating markets of India, Europe and Southeast Asia on account of persistently weakening steel prices. 

c)      National Aluminium Company Ltd (NALCO):  NALCO one of the leading producers of aluminium in India, reported its Q3 FY16 result on Thursday. Standalone total income from operation declined by 14% yoy to Rs.1635.26 crore from Rs.1906 crore and net profit is down by Rs.133.49 crore from Rs. 354.47.

d)     Wipro Ltd: Wipro has announced the acquisition of HealthPlan Services (HPS) for US$ 460mm in an all-cash deal valued at 2x FY15 sales. HPS is the leader in the US individual consumer payer space (24% share) and connects payers to over 40 public and 150 private exchanges in that market.

e)      Adani Ports: Adani Ports is expected to report its Q3 FY16 result. Market expects profit to rise12% year-on-year to Rs 580 crore with declining interest cost; and revenue is to see a rise of 12.6% to Rs 1,741 crore.