Stocks To Watch Today: Key Updates From Tata Motors, Titan, Jubilant FoodWorks, And More
Shares of companies, like Tata Motors Passenger Vehicles Ltd., Mahindra & Mahindra Ltd., Lodha Developers Ltd., and Titan Ltd. will be in focus on Wednesday. Many companies have announced their third quarter business updates, while others have announced fundraise or order wins.
Fedbank Financial And Bharat Forge Updates
Fedbank Financial has approved the allotment of 20,000 NCDs worth Rs 200 crore on a private placement basis. Meanwhile, Bharat Forge has completed the acquisition of 20,580 shares of SPV Sunsure Solarpark Twenty at a premium of Rs 1,240 per share. For more information on Non Convertible Debentures and their impact on stock prices, read our in-depth analysis.
Biocon And IEX Updates
Biocon’s subsidiary Biocon Biologics is set to introduce three new oncology biosimilars at a US event. On the other hand, IEX has stated that no undisclosed information is known and share price movement appears market-driven amid APTEL hearing, with no adverse order passed. To learn more about oncology biosimilars and their potential in the pharmaceutical industry, visit our blog.
IRB Infra Trust And AB Infrabuild Updates
IRB Infra Trust has secured a 74.5 km highway project from NHAI; it will pay Rs 3,087 crore as concession fee. AB Infrabuild has secured a Rs 51 crore order for a Railway ROB project. For an in-depth analysis of highway projects and their impact on the Indian economy, read our latest article.
Godrej Consumer And Acme Solar Updates
Godrej Consumer expects gradual improvement in consumption; its standalone business is on track for double-digit Q3 revenue growth. The Personal Care segment is expected to grow mid-single digits, with consolidated revenue near double-digit growth. Acme Solar’s subsidiary has received a Certificate of Commissioning from GEDA for 12 MW out of a 100 MW wind project. To learn more about renewable energy sources and their potential in India, visit our website.
Tata Motors – Passenger Vehicles Updates
Curvv and Sierra production declined 78% to 3,624 units year-on-year. However, Safari, Harrier, and Sumo production increased 81% to 16,136 units year-on-year. For the latest updates on electric vehicles and their impact on the automotive industry, read our blog.
Lodha Developers Updates
Lodha Developers’ pre-sales rose 25% to Rs 5,620 crore. However, collections declined 17% to Rs 3,560 crore year-on-year. To learn more about real estate market trends and their impact on the Indian economy, visit our website.
Jubilant FoodWorks Updates
Jubilant FoodWorks’ consolidated revenue grew 13.4% to Rs 2,429 crore year-on-year. Standalone revenue increased 11.8% to Rs 1,802 crore year-on-year. Domino’s India recorded 5% like-for-like growth. The company added 114 net new stores during Q3. For an in-depth analysis of food industry trends and their impact on the Indian market, read our latest article.
Titan Updates
Titan’s domestic sales rose 38%, while domestic jewellery sales grew 41% year-on-year. International sales jumped 79% year-on-year. Titan added 54 new stores in India, taking the total store count to 3,399. To learn more about jewellery market trends and their impact on the Indian economy, visit our blog.
Senco Gold And CreditAccess Grameen Updates
Senco Gold’s revenue grew 51% year-on-year, following 6.5% growth in Q2 and 28% in Q1. The company launched 4 new franchise showrooms in Q3. CreditAccess Grameen’s disbursements were up 9% at Rs 5,805 crore (QoQ). Borrower additions were at 2.1 lakh Vs 2.2 lakh (QoQ). For the latest updates on microfinance industry trends and their impact on the Indian market, read our latest article.
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