Stocks To Watch: NECC, Tata Elxsi, MOIL, IEX, Shoppers Stop, Adani Ports & More

Hot stocks include Adani Ports and Special Economic Zone, Som Distilleries and Breweries, Tata Elxsi, Shoppers Stop, and Brigade Enterprises are among the top 10 stocks that will probably be on the radars of market observers on Tuesday, December 5.

Adani Ports and Special Economic Zone

Strong cargo volumes of almost 36 MMT, or a solid 42% year-on-year rise, were recorded by APSEZ in November 2023. All three of the major cargo categories saw growth: liquids and gas (over 23%), dry bulk (above 60% Y-o-Y), and containers (above 26%). APSEZ handled almost 275 MMT of cargo in the first eight months of FY 24 (April-November 2023), a solid 21% YoY rise.

This is more than 70% of the upper end of its 370-390 MMT full-year guidance range. In November, Adani Ports and Special Economic Zone in Mundra's joint venture terminal, Adani International Container Terminal Private Limited (AICTPL), reached a significant milestone when it handled more than 3,00,000 containers. In addition to being a noteworthy success for APSEZ, this amazing feat also represents a historic turning point in the history of Indian maritime exploration. By handling about 10,000 TEUs each day, AICTPL broke its own record of 2,98,634 TEUs in March 2021 and set a national record in November 2023 with 3,00,431 TEUs handled over 97 vessels.

The monthly volumes handled by Dhamra and Ennore, two additional APSEZ ports, reached an all-time high of 3.96 MMT and 65,658 TEUs, respectively. With year-to-date (YTD) rail volumes of about 379,000 TEUs (over 23% YoY) and GPWIS (general purpose waggon investment scheme) volumes of 12.3 MMT (over 44% YoY), logistics volumes are still growing at an unprecedented rate. November 2023 saw the highest monthly GPWIS volumes ever reported at 1.72 MMT.

Som Distilleries and Breweries

The delivery of the company's premium beer brands, Hunter, Blackfort, and Woodpecker, to the state of Tamil Nadu has been officially approved by the Karnataka Excise Department. The firm has accomplished a great deal with this milestone clearance, broadening its market reach and bringing well-known beer brands to new, high-consumption areas like Tamil Nadu. The firm is now increasing the capacity of beer it can produce at our Karnataka factory, so this clearance is encouraging.

Thomas Cook (India)

The Offer for Sale (OFS) of 40 million equity shares of Thomas Cook (India) Limited (TCIL), valued at Rs 5.58 billion, has been completed by Fairbridge Capital (Mauritius) Limited (FCML). In March 2021, FCML contributed USD 60 million in cash to help TCIL deal with the commercial interruption caused by the worldwide epidemic.

TCIL's company has fully recovered, as evidenced by its financial success, and FCML has received USD 67.2 Mn.* as a consequence of the Offer for Sale. While increasing the amount of floating stock accessible to minority shareholders, FCML remains the TCIL Group's promoter and dominant stakeholder, holding 300.3 million shares, which is more than the 248.2 million shares it owned before the funds were infused in March 2021.

Shoppers Stop

Bath & Body Works, one of the top fragrance brands in America, is entering the Indian market thanks to an exclusive partnership between Apparel Group and Shoppers Stop. This tactical partnership represents a significant turning point in Bath & Body Works' introduction of the shop-within-a-shop idea to the retail industry.

Bath & Body Works' first shop-in-shop will be located in the well-liked City Centre Mall in Salt Lake, Kolkata, at Shoppers Stop, India's #1 omnichannel destination for beauty and fashion. Body mists, shower gels, candles, and other indicative Bath & Body Works items are available in a variety of forms at the immersive retail experience.

Happiest Minds Technologies

Happiest Minds Technologies Limited declared that Great Place to Work® has named it one of the Top 50 India's Best Workplaces" in IT & IT-BPM 2023. The company has been named one of the Best Workplaces in IT & IT-BPM categories since 2019. This year's ranking of the company in the "Top 50 India's Best Workplaces" in IT & IT-BPM 2023" marks its fifth consecutive year of recognition.

IEX

With 7.55 Lac Renewable Energy Certificates (RECs), or 755 MU, Indian Energy Exchange (IEX) reached 9,136 MU total volume, a 17.5% YoY increase. In November 2023, IEX recorded 8,371 MU of total power volume, a YoY increase of 13%. The country's energy consumption hit 120 billion units, according to official figures released on November 23. This represents an 8.5% annual rise.November 23's Market Clearing Price in the Day Ahead Market was Rs. 3.98/unit, down 13% from the previous year.

MOIL

In November 2023, MOIL produced 1.62 lakh MT of manganese (Mn) ore, a 35% year-on-year increase. The firm has achieved an impressive year-on-year growth of 43% in the current FY, producing 10.9 lakh tonnes of manganese ore between April and November 23.

Additionally, the company maintained its remarkable rise in sales, which was 18% and 52% between April and November of 2023 and November of 2023, respectively. MOIL completed core drilling reaching 7551 meters in November 2023 alone, a two-fold increase over November 2022. MOIL successfully completed 49,389 meters of core drilling between April 23 and November 23, demonstrating a 2.5-fold increase above CPLY.

Brigade Enterprises

Brigade Group has agreed to create 0.4 million square feet (0.4 million S) of luxurious residences in Mysuru, with a Gross Development Value (GDV) of around Rs. 300 crores. Located next to the JW Golf Club Mysuru in Kurubarahalli, the project will occupy 4 acres of land.

Brigade Group has over 25 residential projects in Mysuru; the JDA will add to this portfolio. Notable residential projects include Brigade Symphony, Brigade Topaz, Brigade Mountain View, and Brigade Palmgrove, which have been completed recently, as well as earlier successes like Brigade Splendour, Brigade Citadel, Brigade Solitaire, and many more.

Tata Elxsi

Dun & Bradstreet has named Tata Elxsi, a pioneer in product engineering and innovation-driven design services worldwide, India's Top Value Creator for Software and BPM. Leading Indian businesses who are trailblazers of long-term value creation within their industries for shareholders and stakeholders are honoured and recognised with the Value Creator Awards 2023.

NECC

On December 4, 2023, the company and S.G. Logistic Management Private Limited agreed to a Memorandum of Understanding wherein the company will invest up to Rs 20 crores and acquire up to 20 per cent of the company's shares and other securities. The company intends to make a phased investment of up to Rs 20 crores to purchase up to a 20 per cent ownership in S.G. Logistic ~~ Management Private Limited, a group company of the SG group.