Umair
Last Updated:
Stocks to watch: Shares of firms like Tata Steel, NTPC, Maruti Suzuki, Biocon, Vi, SBI, RVNL, and others will be in focus on Wednesday’s trade
Stocks To Watch Today.
Stocks To Watch On January 8: Domestic markets experienced a brief recovery after Monday’s sharp decline, ending the day marginally higher. Shares of Tata Steel, Mankind Pharma, NTPC, Jindal Worldwide, Signature Global, and others will be in focus today due to recent developments.
Results Today: Transformers and Rectifiers (India), Reliance Home Finance, Adarsh Mercantile, and Vivid Mercantile are set to release their quarterly earnings on January 8.
Tata Elxsi: The company has entered into an initial agreement with CSIR-National Aerospace Laboratories (CSIR-NAL) for a strategic partnership in advanced air mobility, focusing on unmanned aerial vehicles and urban air mobility.
NTPC: The state-owned company has established a wholly-owned subsidiary, NTPC Parmanu Urja Nigam, to pursue nuclear energy initiatives.
Mankind Pharma: The company has pledged its remaining 56.31% shares in Bharat Serums and Vaccines to Catalyst Trusteeship.
Jindal Worldwide: The board of Jindal Worldwide has approved a bonus issue of 4 shares for every 1 share held.
Tata Steel: For Q3, the company reported crude steel production of 5.68 million tons, marking an 8% increase from the previous quarter and a 6% year-on-year growth, bolstered by the commissioning of a 5 MTPA blast furnace at Kalinganagar.
Sobha: The company reported Q3 sales of Rs 138.8 crore, driven by a new sales area of 1.01 million square feet, with an average price realization of Rs 13,663 per square foot, reflecting a 17.8% growth from the previous quarter.
Signature Global: The company’s pre-sales surged 120% to Rs 2,770 crore in Q3, while collections grew 40% to Rs 1,080 crore. The board also appointed Sanjeev Kumar Sharma as CFO, effective January 7.
Dr. Reddy’s Laboratories: The company has agreed to sell its subsidiary, Dr. Reddy’s Laboratories Louisiana LLC, along with the manufacturing facility in Shreveport, Louisiana.
Maruti Suzuki: The company unveiled its blueprint for electric mobility, “e for me,” focusing on electric vehicles, cutting-edge technology, and strong charging infrastructure.
Biocon: Biocon Biologics, its subsidiary, completed its first year as a fully integrated global biosimilar enterprise, following its acquisition of Viatris in 2022. The company aims to improve its inventory by around $100 million.
Vodafone Idea (Vi): CEO Akshaya Moondra shared plans for the phased rollout of 5G and the introduction of unique tariff plans for customers in the coming year.
Mahindra & Mahindra (M&M): The company will begin bookings for its new electric vehicles, BE6 and XEV 9e, on February 14, with a target of selling 5,000 units per month in the initial phase.
Tata Technologies: The company has formed a strategic partnership with Telechips to develop vehicle software solutions for next-gen software-defined vehicles (SDVs).
REC Ltd: The company is looking to sell bad loans worth Rs 2,848 crore from Corporate Power Ltd (CPL) and has initiated a Swiss challenge auction.
SBI: The State Bank of India appointed Baldev Prakash as Deputy Managing Director and Group Chief Risk Officer.
RVNL: Rail Vikas Nigam (RVNL) signed an MoU with GBH International Contracting LLC (GBHIC) based in Dubai.
CESC: CESC Limited issued the Letter of Award to its subsidiary, Purvah Green Power, for setting up a 150 MW wind-solar hybrid power project, with an additional 150 MW under the Greenshoe.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
