Tue Feb 04 10:08:47 IST 2025: ## Indian Stock Market Sees Mixed Performance as Q3 Results Pour In

**Mumbai, February 4, 2025** – India’s stock market experienced a mixed day of trading on February 4th, 2025, with the Sensex and Nifty showing moderate fluctuations. The day was marked by a flurry of Q3 2025 earnings announcements from major companies, influencing individual stock performance.

Indus Towers saw a significant gain of 1.37% after announcing an agreement to acquire a 26% stake in Amplus Tungabhadra Private Limited, a special purpose vehicle for a captive power plant. The company’s shares closed at ₹354.90 on the NSE.

Among the companies releasing Q3 results, varied performances were observed. While some exceeded expectations, others fell short of analyst forecasts. Tata Power, Asian Paints, Titan, and several other companies reported their earnings, leading to diverse reactions from investors. Specific highlights included strong Q3 EBITDA for ONGC, exceeding estimates due to oil and gas sales volumes, though profit missed forecasts due to higher recouped costs. Divis Laboratories beat expectations on all fronts, driven by custom synthesis, while Gland Pharma reported another disappointing quarter with weak revenue growth. Several analysts issued updated recommendations and target prices for various companies, reflecting the mixed bag of results.

Crude oil futures traded lower globally, with Brent and WTI crude oil futures declining by 0.53% and 1.15% respectively. MCX crude oil futures also experienced a slight decrease.

The Union Budget 2025-26, released recently, continued to be a significant factor influencing market sentiment. Analysts offered varied interpretations of its impact, with some highlighting its positive effects on consumption and investment, while others noted potential challenges in meeting fiscal deficit targets. The budget’s emphasis on infrastructure development, particularly in power transmission, metro, and healthcare, was noted. Specific sectors predicted to benefit included consumer goods, travel, tourism, and capital goods.

Despite recent market dips, several analysts maintained a positive outlook on certain companies, with several issuing buy recommendations along with target prices for various companies including ONGC, Maruti Suzuki, Adani Ports, and Divis Labs. Conversely, some issued downgrades and lowered target prices for others like Aarti Industries and Bandhan Bank. The overall sentiment appears cautiously optimistic, with attention turning to the RBI’s upcoming policy decision on February 7th for further market direction.

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