Stocks to Watch: After the budget, these stocks including IDBI Bank, BSE, Groww will remain on the radar, big movement may be seen – Market

BSE and Groww shares witnessed sharp pressure after the Securities Transaction Tax (STT) on futures and options trading was increased in Budget 2026. On Sunday, a decline of up to 10 percent was recorded in both the stocks. Brokerage firm Jefferies believes that this change could reduce the average daily turnover of BSE by about 5 percent, while Groww’s order flow is also expected to decline by a similar amount. This may impact the earnings of both the companies by about 4 percent.

Hero MotoCorp has shown strong sales performance in the month of January. The company’s total vehicle sales increased by 26 percent year-on-year to 5.57 lakh units, while the figure was 4.42 lakh units in the same period last year. Sales in the domestic market stood at 5.20 lakh units with an increase of 26 percent. At the same time, exports also registered a growth of 23 percent and reached 37,663 units.

The Board of MOIL has approved formation of Joint Venture with Madhya Pradesh State Mining Corporation for mining of manganese ore in Madhya Pradesh. Through this partnership, the company will take steps towards expanding its mining business.

Blue Star has informed that a case of unauthorized access to data related to its product installation has come to light. As soon as the company became aware of this incident, it limited access as a security measure. Blue Star said that it is assessing the potential impact in collaboration with cyber security experts and a root-cause analysis of the entire matter is being conducted.

Quess Corp has received the final assessment order from the Income Tax Department, in which the company has been assessed a tax liability of Rs 160 crore. After this news, investors are keeping an eye on the company’s shares.

Shares related to biopharma sector may remain in discussion. During the budget speech, Finance Minister Nirmala Sitharaman said that biologics play an important role for a long and healthy life. He also clarified that the government is working towards making India a global hub of biopharma manufacturing and for this a special biopharma network will be created. After these announcements, Biocon, Piramal Pharma, Sun Pharma and Dr. Shares of Reddy’s Laboratories saw a rise of 1 to 2 percent.

There is an atmosphere of weakness in the shares of the banking sector, especially heavy selling was seen in PSU banks. Bank of India fell by about 6 percent, while Indian Bank, Bank of Maharashtra and Bank of Baroda recorded a decline of 5 to 6 percent. Other bank stocks also saw pressure of 2 to 5 percent. The decline came at a time when the central government announced record gross market borrowings of Rs 17.2 lakh crore for FY27, which exceeded market expectations. However, net borrowing has been kept at Rs 11.7 lakh crore, which is considered close to the estimate.

On Monday, February 2, 2026, many companies are going to release their financial results for the December quarter (Q3). These include Aarti Industries, Aditya Birla Lifestyle Brands, Ather Energy, Awfis Space, Bajaj Housing Finance, Bharat Wire Rope, Campus Active Wear, Motel 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.

Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.