Top Stocks to Watch Today: Ola Electric, Orissa Minerals, Sobha, RVNL, WPIL, Exicom Tele, Tata Technologies, and Signature Global
Top Stocks to Watch Today – Let’s delve into the latest news from the stock market. From significant investments to major deals, quarterly earnings, and acquisitions, here’s a quick overview of the stocks that will be in focus in today’s trade:
Results Today
Transformers and Rectifiers (India), Reliance Home Finance, Adarsh Mercantile, and Vivid Mercantile will announce their quarterly earnings on January 8.
Quarterly Earnings (Provisional Numbers)
Signature Global Q3 (YoY)
– Pre-sales grew by 120% to Rs 2,770 crore compared to Rs 1,260 crore
– Collections increased by 40% to Rs 1,080 crore compared to Rs 770 crore
– The company recorded a 29% growth in the number of units sold at 1,518 units compared to 1,179 units
– The company reported a 90% growth in area sold at 2.49 million square feet compared to 1.31 million square feet
Tata Steel Q3 (YoY)
– India production grew by 6.2% to 5.68 million tonnes (MT) compared to 5.35 MT
– India deliveries increased by 8.4% to 5.29 MT compared to 4.88 MT
– UK production was at 0 MT compared to 0.72 MT
– UK deliveries dropped by 12.5% to 0.56 MT compared to 0.64 MT
– Netherlands production surged by 47.9% to 1.76 MT compared to 1.19 MT
– Netherlands deliveries jumped by 17.7% to 1.53 MT compared to 1.3 MT
Sobha Q3 (YoY)
– Total sales value dropped by 28.8% to Rs 1,388.6 crore compared to Rs 1,951.6 crore
– Average price realization grew by.
Tata Technologies has entered into a strategic Memorandum of Understanding (MoU) with Telechips, an automotive semiconductor solutions company, to collaborate on developing innovative solutions for next-generation software-defined vehicles (SDVs). This partnership will focus on co-developing cutting-edge solutions for Advanced Driver Assistance System (ADAS) platforms, Automotive Cockpit domain controllers, and Central & Zonal gateway controllers. The goal is to help OEMs overcome software-hardware integration challenges and expedite time-to-market.
Signature Global has appointed Sanjeev Kumar Sharma as the Chief Financial Officer of the company, effective January 7.
Exicom Tele-Systems, a manufacturer of EV charging and critical power solutions, has signed an MoU with Mufin Green Infra to expand EV charging infrastructure in India.
WPIL’s European subsidiary, Gruppo Aturia, has acquired 100% shareholding of Misa Italy, a company specializing in large pumping station projects, pumps, and hydro turbines.
Rail Vikas Nigam (RVNL) has signed an MoU with Dubai-based GBH International Contracting LLC (GBHIC) to explore business opportunities in the civil infrastructure sector in GCC countries.
Mahindra and Mahindra has announced the prices for the top-end variant of its electric-origin SUVs – BE 6 and XEV 9e. BE 6 Pack Three is priced at Rs 26.9 lakh, and XEV 9e Pack Three at Rs 30.5 lakh. Phased test drives will commence on January 14, 2025, with bookings for BE 6 and XEV 9e opening simultaneously on February 14, 2025. Deliveries are expected to begin in early March 2025.
Mankind Pharma
Mankind Pharma has pledged 56.31% of its shares in its subsidiary, Bharat Serums & Vaccines, to Catalyst Trusteeship as the Common Security Trustee for the benefit of NCD holders.
CESC
CESC has awarded a project to its subsidiary Purvah Green Power to establish a 150 MW wind-solar hybrid power project, with an additional 150 MW capacity under the Greenshoe option.
Birlasoft
Roopinder Singh has resigned as Chief Executive Officer – Americas for personal reasons, effective February 7, 2025.
Puravankara
Real estate developer Puravankara has appointed Deepak Rastogi as the Group Chief Financial Officer (CFO), effective January 15, 2025.
Maruti Suzuki India
Maruti Suzuki India has unveiled its electric mobility blueprint, named ‘e for me’, which integrates electric vehicles, cutting-edge technology, and a robust charging infrastructure.
Orissa Minerals Development Company
The company has suspended Chief Financial Officer (CFO) Ramakanta Behera with immediate effect due to serious allegations of misconduct.
WISEC Global
WISEC Global has appointed Devender Singh as Chief Financial Officer (CFO) with immediate effect.
State Bank of India
Baldev Prakash has been appointed as DMD & Group Chief Risk Officer, and Shiva Om Dikshit as DMD (Operations-Channel Management) of State Bank of India.
Jindal Worldwide
The Board of Jindal Worldwide has approved the issuance of 4 bonus equity shares for every 1 existing fully paid-up equity share of Rs 1 each held by eligible equity shareholders as of the record date.
Ola Electric Mobility
Ola Electric Mobility has received an administrative warning letter from SEBI for violating regulations.
The warning letter issued by SEBI concerns the premature disclosure of plans for a significant expansion of the company-owned store network. SEBI noted that Chairman and Managing Director Bhavish Aggarwal shared this information on social media before informing the stock exchanges, violating regulations that mandate timely disclosure of material information to all investors. Furthermore, the Karnataka High Court has granted a six-week extension for the company to provide additional documents and information requested by the Central Consumer Protection Authority (CCPA).
In other news, the National Stock Exchange has included six new stocks – Castrol India, Gland Pharma, NBCC (India), Phoenix Mills, Solar Industries India, and Torrent Power – in the F&O segment starting January 31, 2025.
On January 8, Leo Dryfruits & Spices Trading will be listed on the SME exchange.
Stocks such as Camlin Fine Sciences will trade ex-date for rights, while AA Plus Tradelink, Jagsonpal Pharmaceuticals, Julien Agro Infratech, and Kamdhenu will trade ex-date for split. Algoquant Fintech and Padam Cotton Yarns will trade ex-bonus.
Lastly, Bandhan Bank, Hindustan Copper, Manappuram Finance, and RBL Bank are under an F&O ban.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.