Stocks To Watch: Adani Ports, Tata Motors, ZEEL, BEML, Oil India & More

Hot companies like Oil India, ZEEL, Adani Ports, Tata Motors, and Cupid are among the top stocks that market observers are going to be focusing on on Tuesday, January 9, 2023.

Tata Motors

Increased sales volumes were recorded by Jaguar Land Rover (UK), a wholly-owned subsidiary of Tata Motors Limited, for the third quarter of FY24 (the three months ended December 31, 2023). Q3 FY24 wholesales were 101,043 units, up 27% from Q3 FY23 and 4% from Q2 FY24; FY24 YTD wholesales were 291,113 units, up 28% from the previous year.

In comparison to Q3 FY23, wholesale volumes for JLR's top three best-selling models jumped by 49% for Range Rover Sport, 12% for Range Rover, and 14% for Defender during the third quarter. Retail sales were 109,140 in Q3 FY24, up 29% from Q3 FY23 and 2% from Q2 FY24; year-to-date retail sales for FY24 were 317,695 units, up 26% from the previous year. The order book continues to demonstrate robust demand for JLR products with 148k customer orders at the end of the third quarter.

Gujarat Mineral Development Corporation Limited

Gujarat Mineral Development Corporation Ltd approved the Environmental Clearance for the capacity expansion from 3 MTPA to 5 MTPA of Lignite for Surkha(N) Lignite Mine, by the Ministry of Environment, Forest, and Climate Change (MOEFCC).

Cupid

The company has received an order from Central Medical Services Society (CMSS) worth Rs. 16.23 crore for male condoms. As per a stock exchange filing Cupid secured 2 orders for male condoms from CMSS worth Rs 9.65 Crores and Rs 6.58 Crores respectively. The orders received are to be executed by April 2024 as per the exchange filing by the company on Jan 8, 2024.

Eicher Motors

Royal Enfield, a unit of Eicher Motors Limited (EML) has signed a non-binding Memorandum of Understanding (MoU) with the Government of Tamil Nadu at Global Investors Meet 2024, in Chennai for proposed investment of around Rs. 3,000 crores over a period of eight years into the state to set up greenfield and brownfield projects in the region.

Brigade Enterprises

Brigade Enterprises Limited has signed a Memorandum of Understanding with the Government of Tamil Nadu and is likely to invest over Rs 3,400 crore and employ around 25,000 people in the state over the next three to four years. The MoU with the Chennai Metropolitan Development Authority envisages investing over Rs 2,000 crore to expand the Chennai Brigade and build two residential towers in the Sholinganallur IT belt. The second MoU is with his ELCOT, IT&DS and involves an investment of around Rs 1,400 crore in commercial and residential high-rise developments in various smaller markets, including Mount Road.

Oil India

OIL has signed a joint venture agreement (JVA) with Assam Power Generation Corporation Limited. (APGCL) to drive India's energy transition efforts and achieve his OIL's goal of achieving net zero by 2040. OIL has already installed 188.1MW renewable energy power plants in Rajasthan, Gujarat and Madhya Pradesh.

BEML

The defense company has received orders from the Ministry of Defence for the supply of Mechanical Minefield Marking Equipment Mark-II valued at approximately Rs. 329.87 crores.

Lemon Tree Hotels

Lemon Tree Hotels announced its latest signing - Lemon Tree Hotel, Meerut and is expected to open in FY25.

Adani Ports and Special Economic Zone

The company has received IND AA+/Stable rating for Rs. 50 bn proposed NCDs, IND AA+/Stable/IND A1+ for Rs. 10 bn bank loan, IND AA+/Stable for Rs. 13.52 NCDs, IND AA+/Stable for Rs. 55 bn proposed NCDs, and IND A1+ for Rs. 67 bn commercial paper.

Zee Enterprises

Sony Group is reportedly preparing to call off the long-awaited merger of its Indian arm with Zee Entertainment Enterprises Ltd. This concludes his eventful two-year journey to founding a staggering $10 billion media house.