ADVERTISEMENT

Stocks To Watch: Reliance, Tata Motors, Titan, EaseMyTrip, HCL Tech, Tinplate

Here are the stocks to watch in trade today..

<div class="paragraphs"><p>Signage for the Bombay Stock Exchange  is displayed next to a bronze bull statue. (Photographer: Prashanth Vishwanathan/Bloomberg)</p></div>
Signage for the Bombay Stock Exchange is displayed next to a bronze bull statue. (Photographer: Prashanth Vishwanathan/Bloomberg)

Asian stocks declined on Friday after several Federal Reserve officials hinted at aggressive steps to tackle the surge in inflation. The Nasdaq 100 fell to its lowest level since October.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, fell 0.23% to 18,259 as of 7:10 a.m

Earnings Post Market Hours

Mindtree Q3FY22 (Consolidated, QoQ)

  • Revenue up 6.33% at Rs 2,750 crore versus Rs 2,586.20 crore

  • $ revenue up 4.7% at $366.4 million

  • Net profit up 9.68% at Rs 437.5 crore vs Rs 398.9 crore

  • Ebit up 12.60% at Rs 528.9 crore vs Rs 469.7

  • Margins at 19.2% vs 18.2%

Tata Metaliks Q3FY22 (Consolidated, QoQ)

  • Revenue up 6.97% at Rs 689.80 crore vs Rs 644.84 crore

  • Net profit down 34.73% at Rs 35.65 crore vs Rs 54.62 crore

  • Ebit down 32.04% at Rs 67.82 crore vs Rs 99.79 crore

  • Margin at 9.8% vs 15.5%

Here are the stocks to watch in trade today:

  • Reliance Industries: The company signed MoU for investment of Rs 5.95 lakh crore in Green Energy and other projects in Gujarat.

  • Titan Company: Public shareholder Rakesh Jhunjhunwala has increased his stake in the company to 4.02% in the quarter ended December, holding about 3,57,10,395 shares.

  • Tata Motors: The company's global wholesales in Q3, including Jaguar Land Rover, rose 2% to 2,85,445 units over Q3 FY21. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range rose 14% YoY to 1,02,772 units. Global wholesales of all passenger vehicles declined 3% YoY to 1,82,673 units.

  • RPSG Ventures: The company has approved the issue of upto 30 lakh, 3% compulsorily Convertible Non-Cumulative Preference shares to Integrated Coal Mining Ltd at Rs 780 per share for an aggregate value of Rs 234 crore on private placement basis.

  • IRCON: The company has incorporated a subsidiary and joint venture company Ircon Renewable Power Ltd as Special Purpose Vehicle (with 76% shareholding of Ircon International Ltd and 24% shareholding of Ayana Renewable Power Pvt Ltd) for setting up of 500 MW Grid Connected Solar PV Project awarded by Indian Renewable Energy Development Agency Ltd.

  • Datamatics: The company has entered a long-term strategic partnership with PSI Services.

  • Somany Ceramics: Allotted 94,782 equity shares to the eligible shareholders of SchabIona India in proportion of their respective shareholding in SIL i.e. 3 equity shares of Rs 2 each of the company for every 100 shares of Rs 4 each held in Schablona India Ltd., pursuant to the scheme of amalgamation with the company.

  • EaseMyTrip: The company has recommended bonus issue of equity Shares in the proportion of 1:1.

  • Orient Electric: The company will consider declaration of interim dividend on Jan. 20.

  • Visaka Industries: The company will consider declaration of interim dividend on Jan. 22.

Earnings

  • HCL Technologies

  • Tinplate

  • Onward Technologies

Who’s Meeting Whom

  • PNB Housing: To meet investors on Jan. 20.

  • HDFC: To meet investors/analysts on Jan. 15.

  • ICICI Prudential: To meet investors/analysts on Jan. 18.

  • Persistent Systems: To meet investors/analysts on Jan. 21.

  • Syngene International: To meet investors/analysts on Jan. 20.

  • Shoppers Stop: To meet investors/analysts on Jan. 21.

  • Cyient: To meet investors/analysts on Jan. 20.

Bulk Deals

  • Reliance Industrial Infrastructure: XTX Markets LLP bought 99,313 (0.65%) shares at Rs 958.04 apiece.

  • GTL Infrastructure: IDBI Trusteeship Services sold 35 crore (2.79%) shares between the price of Rs 2.03 - 2.04 apiece.

Pledged Shares Details

  • Max Financial Services: Promoter Max Ventures Investment Holdings revoked a pledge of 35,000 shares on Dec. 12.

  • Apollo Hospitals Enterprise: Promoter Suneeta Reddy revoked a pledge of 5.85 lakh shares on Dec. 11.

  • Sanghi Industries: Promoter Group Ravi Sanghi revoked a pledge of 78.66 lakh shares on September 22, 2021.

Trading Tweaks

  • Price Band Revised From 10% To 5%: Ajmera Realty & Infrastructure India

  • Price Band Revised From 20% To 10%: Dollar Industries

  • Record Date Buyback: Ajanta Pharma

  • Ex-Date Demerger: Motherson Sumi Systems

  • Move Into Short-Term ASM Framework: Coffee Day Enterprises, Pearl Global Industries

  • Move Out Of Short-Term ASM Framework: Jaiprakash Power Ventures

Opinion
SEBI Clamps Down On 'Analysts' Offering Stock Tips On Telegram, WhatsApp