Stocks To Watch: Kalyan Jewellers, Lupin, Hindustan Zinc, Lodha, Wipro & More

Hot stocks like Lodha, Shree Cement, Lupin, DCM Shriram, and Jupiter Wagons are among the top 8 stocks that market observers are expected to be focusing on on Friday, January 5, 2024.

Hindustan Zinc

Among the 238 firms in the metals and mining industry, Hindustan Zinc Limited (HZL) has garnered worldwide acclaim for achieving the highest CSA Score of 85 in the S&P Global Corporate Sustainability Assessment. The company reiterates its unwavering commitment to sustainable and ethical mining methods in light of its notable improvement in scores from 80 to 85 this year.

Remarkably, the company's climb from the fifth-highest score of 77 in 2021 to the third-highest score of 80 in 2022 and, at present, the top spot at 85, is indicative of enhanced environmental, social, and governance (ESG) standards and performance against its peers.

Macrotech Developers

With third-quarter pre-sales of Rs 34.1 billion, Lodha had its best-ever result, up 12% YoY. Its pre-sales for FY24 are about Rs 103 billion for the first three quarters, showing a YoY increase of 14% and keeping it on pace to meet the pre-sales target of INR 145 billion for FY24.

With Rs 67.5 billion in net debt at the end of the quarter, the company reported that its collections for the third quarter of FY24 were Rs 25.9 billion. For a GDV of about Rs 60 billion, it added three projects totalling about 2 million square feet of saleable space. With Rs ~203 billion in business development for 9mFY24, Lodha already exceeded its full-year forecast of Rs ~175 billion.

Wipro

Wipro Limited said on Thursday that it will release the Q3FY24 results on Friday, January 12, 2024, after Indian stock market trading hours.

Jupiter Wagons

Jupiter Wagons announced that it has secured a substantial contract from the Ministry of Defence to produce and supply 697 Boggie Open Military (BOM) Wagons. This prestigious contract, worth Rs 473 Crores, together with the Ministry of Defence's inspiring leadership highlights Jupiter Wagons' dedication to India's unwavering position for an Atmanirbhar Bharat. This historic agreement is an essential move in supporting domestic manufacturing and encouraging private sector involvement in defence manufacturing.

Shree Cement

With "Bangur" serving as the master brand, Shree Cement Limited has introduced a number of new brand products along with a revamp of its corporate brand identity. The concept of "Build Smart," which encapsulates the company's organisational philosophy, customer proposition, and national goal, serves as the foundation for the new Bangur brand identity. A new advertising campaign for the Bangur master brand has been announced, including renowned Bollywood actor Mr. Sunny Deol as the brand sponsor.

Mr Neeraj Akhoury, Managing Director of Shree Cement Ltd, said, "The launch of 'Bangur' as the master brand is in sync with our strategy of assessing and responding to evolving customer sentiments and growing aspirations. The intent is to position 'Bangur' as the company's umbrella brand, with a refreshed and discernible brand identity. Through this makeover, we aim to connect better with our customers, providing them unique experiences with differentiated products."

Kalyan Jewellers India

Comparing Q3FY24 to the same quarter in the previous fiscal year, it saw consolidated revenue rise by more than 33%. In comparison to Q3 FY2023, the company's India operations witnessed revenue growth of around 40% in Q3 FY2024. This development was driven by strong operating momentum as well as solid same-store sales growth in all of the major markets in the nation, which was comparable to Q2 FY2024.

In India, it opened 22 net new "Kalyan" showrooms in the quarter under review. However, the FOCO (Franchise Owned Franchise Operated) model adhered to just 16 of these. There were 235 stores overall in India and the Middle East as of December 31, 2023. It plans to open two "Kalyan'' showrooms in the Middle East, thirteen "Candere'' showrooms, and fifteen more "Kalyan'' showrooms in India during the current quarter. The company's 250th showroom in Ayodhya is expected to open this quarter, marking a significant turning point in its history.

Lupin

The United States Food and Drug Administration (U.S. FDA) has tentatively approved Lupin Limited's (Lupin) Abbreviated New Drug Application for Dapagliflozin and Saxagliptin Tablets, 5 mg/5 mg and 10 mg/5 mg, allowing Lupin to market a generic version of AstraZeneca AB's Qtern® Tablets, 5 mg/5 mg and 10 mg/5 mg. This product will be produced in Lupin's Indian plant in Pithampur.

For individuals with type 2 diabetes mellitus, dapagliflozin and saxagliptin tablets are recommended as a supplement to diet and exercise in order to enhance glycemic control. According to IQVIA MAT November 2023, the expected yearly sales of RLD Qtern®'s Dapagliflozin and Saxagliptin Tablets in the United States were USD 5 million.

DCM Shriram

In order to spend a projected INR 12,000 crore in the production of chemicals and petrochemicals in Bharuch by 2028, DCM Shriram and the Government of Gujarat have signed a Memorandum of Understanding. With substantial chlor alkali facilities currently situated in Bharuch, Gujarat, DCM Shriram hopes to expand its line of chlor alkali products while simultaneously boosting current capacity.