Stocks including Bharti Airtel, Tata Motors PV, UltraTech Cement, Hero Moto, LIC, Mazagon Dock, Nykaa, RVNL, Federal Bank and more will be in the spotlight on Friday, February 06.
Bharti Airtel Q3 earnings: Consolidated net profit fell 2.3% to Rs 6630.5 crore in the last quarter against Rs 6791.7 crore in the December 2024 quarter.
Five stocks, namely ICICI Bank, Reliance Industries (RIL), Bharti Airtel, HDFC Bank and Eternal, contributed heavily to the Sensex’s fall.
PL Capital has believes that the Union Budget 2026-27 builds on previous years by emphasising infrastructure, defence production, and social welfare.
Mid-week on Wednesday, February 4, focus would be on Tata Group’s retail powerhouse, Trent and utility major Tata Power. The Bajaj Group would also report its earnings, with Bajaj Finserv and Bajaj Holdings declaring numbers.
Sensex rose 320 points to 81,857 and Nifty gained 127 points to 25,175. Despite today's rally, Sensex has lost 3.91% and Nifty has fallen 3.71% in 2026.
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Axis Securities sees Ultratech Cement, Maruti Suzuki India Ltd, Bharti Airtel Ltd, NALCO, Prestige Estates Projects Ltd, Chalet Hotels, Max Healthcare and Credit Access Grameen Ltd as Budget plays.
Vodafone Idea AGR dues: The government’s selective relief for Vi has prompted Airtel and the Tata entities to review potential legal and procedural routes to achieve parity.
Domestic brokerage firms continue to remain largely positive on Indus Tower, a leading provider of passive telecom infrastructure.
Telecom is emerging as one of the most compelling sectoral stories for 2026. Jefferies believes the upcoming Jio IPO could be a game-changer, reinforcing tariff discipline across the industry. Mid-year tariff hikes, likely around June 2026, combined with stable capex and rising revenues, are expected to significantly boost earnings, free cash flows and RoCE for telecom players. Potential AGR relief could further re-rate stocks like Indus Towers, making them key indirect beneficiaries. With India still among the world’s lowest ARPU markets, steady price hikes and customer migration to higher-value plans look sustainable. Jefferies’ top pick remains Bharti Airtel with a target price of ₹2,760, while Indus Towers carries a Buy call with a ₹510 target.





