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IDBI Bank divestment enters stage three, MOIL forms JV for manganese mining, Hero MotoCorp reports strong sales, and biopharma stocks gain after budget. Here are few stocks to track ahead of Tuesday trading's session.
By Megha Rani February 1, 2026, 10:37:28 PM IST (Published)
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BSE, Groww to remain in focus: Shares of BSE and Groww fell between 5% and 10% on Sunday after Budget 2026 raised the Securities Transaction Tax (STT) on Futures and Options, a move that brokerage Jefferies termed a sentimentally negative development. The brokerage expects a 5% decline in average daily turnover for BSE and a similar drop in orders for Groww, which could dent earnings by around 4% for each company. However, Jefferies believes the impact on options turnover is likely to be limited. During the session, BSE saw shares worth over ₹4,200 crore change hands, while Groww recorded trading volumes of nearly ₹1,500 crore.
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IDBI Bank | The strategic disinvestment of IDBI Bank has progressed to stage three, indicating that the government has invited technical and financial bids for the transaction, according to DIPAM Secretary Arunish Chawla. He also indicated that further clarity and developments regarding the IDBI Bank divestment are expected to be communicated before the end of FY26.
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MOIL | The company's board approves the formation of a JV between the company and Madhya Pradesh State Mining Corporation for manganese ore mining in Madhya Pradesh.
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Hero MotoCorp | The company reported a strong performance in January auto sales, with total sales rising 26% year-on-year to 5.57 lakh units compared with 4.42 lakh units in the same month last year. Total domestic sales also grew 26% YoY to 5.20 lakh units versus 4.12 lakh units, while exports increased 23% YoY to 37,663 units from 30,495 units a year ago.
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Blue Star | The company said it has detected unauthorised access to its product installation data and has taken immediate steps to restrict access upon becoming aware of the incident. The company said it is working with cybersecurity experts to assess any potential impact and to carry out a detailed root-cause analysis, adding that the disclosure is being made as a matter of good governance. The incident was brought to the attention of the company’s Compliance Officer on January 31, 2026, at 10:30 pm.
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Quess Corp | The company said it has received a final assessment order from the Income Tax Department raising a demand of ₹160 crore.
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Bank stocks | The bank sector will remain in focus as PSU banks witness broad-based selling, with Bank of India down about 6% and Indian Bank, Bank of Maharashtra, and Bank of Baroda falling 5%–6%, while other constituents decline 2%–5%. The weakness comes after the Central Government announced a record gross market borrowing of ₹17.2 lakh crore for FY27, higher than expectations, even as net borrowing is pegged at ₹11.7 lakh crore, broadly in line with estimates.
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Results in focus | Several companies are set to report their December quarter (Q3) results on Monday, February 2, 2026, including Aarti Industries, Aditya Birla Lifestyle Brands, Ather Energy, Awfis Space, Bajaj Housing Finance, Bharat Wire Rope, Campus Active Wear, Chalet Hotels, Corona Remedies, Dhampur Sugar, Emudhra, GPT Healthcare, Hyundai Motor India, Indus Towers, InterArch Building Products, Mahindra Life, MPS, Olectra Greentech, Patel Retail, PG Electroplast, PB Fintech, RailTel, Saksoft, Shriram Pistons, Tata Chemicals, Thermax, TransRail Lighting, UPL, Utkarsh Small Finance Bank, and Ventive Hospitality.
(Photo Credit :
CNBC-TV18 Library
)
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Biopharma stocks | The biopharma sector will remain in focus after Finance Minister Nirmala Sitharaman said in her speech that biologics are key to longevity and that the government plans to develop India as a biopharma manufacturing hub, along with building a biopharma-focused network. Following the comments, shares of Biocon, Piramal Pharma, Sun Pharma, and Dr. Reddy's Laboratories gained between 1% and 2%.
