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Stocks to watch: Shares of firms like TCS, Tata Elxsi, Hindalco, Tata Motors, LIC, Titan, ONGC, and others will be in focus on Thursday’s trade
Stocks to Watch Today
Stocks To Watch On January 9, 2025: Domestic markets ended flat on Tuesday, as investor sentiment remained subdued due to a GDP estimate for FY25 hitting a four-year low. Today, several stocks will be in focus, including TCS, Tata Elxsi, Lupin, Hindalco, Tata Motors, and others, amid news developments and third-quarter results.
Results Announcements Today: TCS, IREDA, Tata Elxsi, and others will report their quarterly earnings on January 9.
Tata Motors: Jaguar Land Rover (JLR), a subsidiary of Tata Motors, reported a 3% rise in wholesale volume, reaching 104,427 units compared to the same quarter last year. This is a 20% increase from the previous quarter (ending September 30, 2024). However, retail sales for Q3, at 106,334 units, were down by 3% year-on-year but saw a 3% growth compared to the previous quarter.
Mahindra & Mahindra (M&M): M&M has successfully mitigated risks in its semiconductor supply chain for its new electric vehicle models, the BE 6 and XEV 9e, unveiled in November 2024. Deliveries for these vehicles are expected to begin in March.
P.N. Gadgil Jewellers: In its Q3 update, P.N. Gadgil Jewellers reported a 42% year-on-year revenue growth in its retail segment compared to Q3 FY24. The franchise segment grew by 87%, and e-commerce revenue surged by 98% year-on-year.
Dixon Technologies: Apple supplier Dixon Technologies India Ltd. has asked the Indian government to release billions of rupees in subsidies under the production-linked incentive scheme. The government has pledged Rs 41,000 crore ($4.8 billion) in subsidies, with Dixon potentially receiving Rs 100 crore if the funds are released.
LIC: Life Insurance Corporation (LIC) has announced that registrations under its Bima Sakhi scheme surpassed 52,000 within a month of launch.
Nuvoco Vistas: Nuvoco Vistas Corp, promoted by Nirma Group, plans to acquire Vadraj Cement through the insolvency route for a deal size of Rs 2,800-3,000 crore, according to reports.
Hyundai Motor India: Hyundai has introduced new variants and feature upgrades for its popular models, including the Venue, Verna, and Grand i10 NIOS.
Brigade Enterprises: Brigade Group has launched a mixed-use development, Brigade Gateway, in Neopolis, Kokapet, Hyderabad. The residential component is expected to contribute Rs 3,300 crore in revenue.
Titan: Titan Company Ltd, part of the Tata Group, has opened its first exclusive brand store, IRTH, in Chennai. It aims to generate Rs 1,000 crore in revenue by FY2027 from its IRTH and Fastrack bags business segments.
MOIL: MOIL received a penalty order from the Collector of Balaghat, Madhya Pradesh, amounting to Rs 16.77 crore.
Adani Ports: Adani Ports has made it to the global top 10 transportation and infrastructure companies in the 2024 S&P Global Corporate Sustainability Assessment (CSA) rankings.
ONGC: Energy giant BP will provide technical services to increase oil and gas production from India’s largest field, Mumbai High, off the west coast, aiming to boost output by up to 60%.
Manappuram Finance: The Reserve Bank of India (RBI) lifted the restrictions imposed on Manappuram Finance’s subsidiary, Asirvad Micro Finance, after the company met regulatory compliance standards.
Lupin: Lupin has received the Establishment Inspection Report (EIR) from the US FDA for its Pithampur Unit-1 manufacturing facility, which produces both APIs and finished products.
BHEL: BHEL has commissioned two units of the 6×170 MW Punatsangchhu-II hydroelectric project (PHEP-II) in Bhutan.
Hindalco: Hindalco’s subsidiary Novelis plans to offer $500 million in senior unsecured notes due 2030 in a private offering to refinance its debt.
Tata Motors: Tata Motors’ JLR unit reported a 3% growth in wholesale volumes, totaling 104,427 units, while retail sales reached 106,334 units in the third quarter.
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