The Union Budget 2018-19 has left the salaried class and investors fuming as there is hardly anything in the budget that would meet the expectations of these sections of the society. On the one hand, the long term capital gains tax on equity has raised the heckles of the stock market investors, on the other, the salaried class is sore as budget gives them with one hand and takes away with the other when it comes to tax rebate. 

The stocks that are likely to witness significant movement on the bourses on February 5, 2018 are United Spirits, PC Jeweller, BSE Ltd, GMR Infrastructure, Aarti Industries, V2 Retail and Aegis Logistics.

Bajaj Auto reported good earnings in Q3FY18 performance. The revenue growth for the quarter was boosted by 18 per cent yoy rise in sales volumes of the quarter. The company witnessed strong demand in CV and automotive segments.

The company with highest market capitalization in the 2-3 wheeler segment, Bajaj Auto, posted its Q3FY18 earnings report on Friday. The stock witnessed tremendous volatility amid robust January sales and Q3 performance on one hand and a sharp plunge in the overall markets on the other hand.

The company's standalone revenue for the quarter came in at Rs. 1,855 crore, registering 8.7 per cent yoy increase. Its Pantaloons and Madura Fashion & Lifestyle have reported growth of 12.5 and 7.9 per cent, respectively.

State-owned listed entity, Cochin Shipyard Limited (CSL) has signed a MoU with United Shipbuilding Corporation (USC) to design and develop state-of-art vessel that can be run in Inland and Coastal waterways.

Hindalco reported healthy quarterly numbers with robust revenue due to strong traction in metal prices. Further, its US subsidiary also recorded 92 per cent jump in net profit for the quarter.

The company’s net loss for the period narrowed to Rs. 41.1 crore in the quarter from Rs. 69.6 crore in corresponding quarter of last year.

In Budget 2018 infrastructure sector received a budgetary allocation of Rs 5.97 lakh crore for FY18-19. This represents an increase of 21 per cent as against revised estimates of last year. The government of India sees infrastructure investment need of Rs. 50 lakh crore to increase growth rate of GDP.

EBITDA for the quarter rose by 5.7 per cent yoy to Rs. 89.14 crore with a corresponding margin contraction of 5 bps. EBITDA margin for the quarter stood at 9.3 per cent. The PAT for the quarter came in at Rs. 53.14 crore, yoy decline of 4.1 per cent. This was led by jump in effective tax rate from 32 per cent to 36 per cent.