Stocks to watch today: Bank of Baroda, Bajaj Auto, Delhivery, Bharat Dynamics in focus on Budget Day

/ 3 min read
Summary

The equity benchmarks - Sensex and Nifty - are expected to remain highly volatile, with sharp moves possible in either direction depending on Budget announcements.

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The BSE Sensex and NSE Nifty are expected to see volatility today
The BSE Sensex and NSE Nifty are expected to see volatility today | Credits: Getty Images

Indian share markets are set for a rare and historic Sunday trading session today, coinciding with the live presentation of the Union Budget 2026 by Finance Minister Nirmala Sitharaman at 11 am. On Friday, On Friday, domestic equities ended lower as investors turned cautious ahead of the Budget.

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Ending three sessions gaining streak, the NSE Nifty50 slipped 0.39%, or 98.25 points, to close at 25,320.65, while the Sensex declined 0.36%, or 296.59 points, to settle at 82,269.78.

The equity benchmarks - Sensex and Nifty - are expected to remain highly volatile, with sharp moves possible in either direction depending on key announcements related to fiscal policy, the capex push, sector-specific incentives, and the fiscal deficit target, which is expected to be around 4.3–4.4% of GDP for FY27, said Ponmudi R, CEO, Enrich Money.

He said that a favourable Budget could trigger an upside breakout, while disappointment or profit-booking may pull indices back towards lower support zones. Until clarity emerges from the Budget, the overall market bias remains cautious to neutral.

VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said that if the Union Budget 2026 turns out to be fiscally prudent and growth-oriented, markets are likely to show resilience. He added that a sustained sharp correction in gold and silver could also redirect investor interest from precious metals to equities.

Bank of Baroda: The lender reported a Q3 net profit of ₹5,054 crore, up 4.5% YoY. Net interest income came in at ₹11,800 crore. Asset quality improved, with gross NPAs easing to 2.04%, while net NPAs stayed stable at 0.57% QoQ.

Bajaj Auto: The two-wheeler major posted a strong Q3 performance, with net profit rising 18.6% YoY to ₹2,502 crore. Revenue climbed 18.8% to ₹15,220 crore, while EBITDA grew 22.5% to ₹3,161 crore. Operating margin improved to 20.8% from 20.2% a year ago.

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NTPC: The state-run power producer reported a 5.8% YoY increase in Q3 net profit at ₹4,987 crore. Revenue dipped 1.8% to ₹40,643 crore, while EBITDA remained largely unchanged at ₹11,991 crore. EBITDA margin expanded to 29.5% from 28.9%.

Bharat Dynamics: The defence PSU saw a sharp deterioration in performance, with net profit dropping by half. Revenue declined 32% YoY, while EBITDA plunged 79.5%, leading to a steep fall in margins to 4.6% from 15.3% last year.

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Delhivery: The logistics firm delivered a robust Q3, with net profit more than doubling YoY. Revenue grew 18%, while operating margin improved sharply to 7.4% from 4.3% a year ago.

Jindal Steel: The steelmaker saw a sharp contraction in profitability, with Q3 net profit plunging 80% YoY to ₹188.5 crore. Revenue increased 10.9% to ₹13,026 crore, but EBITDA declined 25.2% to ₹1,632 crore, leading to a margin contraction to 12.5% from 18.6%.

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Glenmark Pharmaceuticals: The drugmaker delivered a healthy Q3 showing, with net profit rising 15.9% YoY to ₹403 crore. Revenue grew 15.1% to ₹3,900 crore, while EBITDA jumped 45% to ₹868.7 crore. Margins expanded sharply to 22.3% from 17.7%

Aster DM Healthcare: The healthcare provider reported a decline in Q3 net profit to ₹52.45 crore. Revenue grew 12.9% to ₹1,185.7 crore, while EBITDA rose 2.5% to ₹211 crore. EBITDA margin softened marginally to 17.8% from 18%.

CDSL: The depository posted growth across net profit, revenue and EBITDA during the quarter, though operating margin narrowed to 52.9% from 57.8% in the year-ago period.

 (DISCLAIMER: The views and opinions expressed by investment experts on fortuneindia.com are either their own or of their organisations, but not necessarily that of fortuneindia.com and its editorial team. Readers are advised to consult certified experts before taking investment decisions.)

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