Stock to Watch Today: Amidst the sluggish signals from the global market, the Indian stock market is expected to have a sluggish start again today. Equity benchmark indices Sensex and Nifty may have a slow start. Gifty Nifty last closing issue was seen around 7.30 am. At the same time, there is a cold in the American market after the rally of 2023. The S&P 500 rose 0.18 percent on Friday. While Nasdaq Composite and Dow closed just above the flatline. There was a decline in Asian stocks this morning. Japanese markets were closed due to holidays. Hang Seng in Hong Kong, S&P/ASX 200 of Australia and Kopsi in South Korea fell by 0.15 to 1.3 percent. Meanwhile, investors will keep an eye on these shares.
Titan: The company’s revenue increased by 22 percent on an annual basis in the December quarter (Q3FY24). The jewelery division registered a growth of 21 percent in the domestic market.
Bajaj Auto: The company will consider share buyback proposal today.
Tata Steel: Tata Steel India’s crude steel production increased by 6 percent on quarterly and annual basis to 5.32 million tonnes in the third quarter.
heroine: This has seen GMV growth of the BPC vertical in the mid-twenties and net sales value growth of nearly twenty percent in the third quarter. In fashion, consumption remained low at the industry level and did not see the expected growth during the festive season. Fashion vertical GMV is expected to grow around 40 percent, with NSV growth seen in the low thirties. Net sales value on a consolidated basis could rise in the mid-twenties and revenue growth year-on-year could be in the low twenties.
Godrej Consumer Products: The company expects mid-single digit volume growth on a consolidated basis in the third quarter. In the domestic business, its organic business delivered mid-single digit stable underlying volume growth and its inorganic business delivered double digit volume growth as Park Avenue and Kama Sutra.
Adani Wilmar: The company’s standalone sales fell 15 percent in the third quarter compared to last year. However, in terms of volume, it increased by 6 percent on an annual basis.
marico: The company said its consolidated revenue in the third quarter fell in low single digits on an annual basis, while operating profit saw low double-digit growth. It expects a low single-digit growth in domestic volumes for the December quarter.
TVS Motor: It has signed an MoU with the Tamil Nadu government to invest Rs 5,000 crore over five years and employ 500 people.
Narayan Hrudayalaya: The company’s wholly owned subsidiary has received approval from the Insurance Regulatory and Development Authority of India to commence health insurance business in India.
Federal Bank:The Reserve Bank of India (RBI) has asked the lender to submit a fresh proposal with at least two new names for the post of managing director and chief executive officer of the bank.
Bank of Baroda: Banks’ global deposits grew 8.3 percent year-on-year in the third quarter but fell 0.3 percent sequentially. Domestic deposits grew by 6.3 percent year-on-year, while advances grew by 13.4 percent.