Stocks To Watch: RBL Bank, Tata Power, UPL, NBCC, IRCTC, SBI, UNO Minda & More

On Thursday, 14th December hot stocks like Ashok Leyland, SBI, IRCTC, Angel One, Tata Power, and Shriram Properties are among the top 10 stocks that are likely to be in focus under the radar of market watchers.

Ashok Leyland

At EXCON 2023, Ashok Leyland presented several cutting-edge innovations, including the AL H6 Diesel - CEV Stage V engine. Because of their consistent efficiency and dependability, Ashok Leyland's H6 Engines-which are produced in cutting-edge facilities and meet international quality standards-remain the top option for the majority of Original Equipment Manufacturers in both track and wheel Harvester applications.

Another well-known feature of the H6 engines is their extremely low Total Cost of Ownership (TCO). Ashok Leyland's stall number at the 12th International Construction Equipment and Construction Technology Trade Fair, EXCON 2023, is C-41, Hall 1 Lower at the Bangalore International Exhibition Centre (BIEC), Bengaluru. The event runs from December 12 to December 16.

IRCTC

In order to expand its business and brand throughout the country, IRCTC is now moving forward with plans to enter other industries outside of railways. The company currently oversees catering services for a number of Ministries, Government Agencies, and Independent Bodies, including the Judiciary and Universities. The Department of Telecommunications in New Delhi, the Calcutta High Court, the UP Secretariat in Lucknow, and other institutions are among the nine establishments where the firm has already established its hospitality businesses.

IRCTC is actively in the process of commissioning 15 more catering units across the nation in the near future. The company has signed Memorandums of Understanding (MoUs) with a number of government and autonomous bodies, including defense establishments like the Border Security Force, Indian Maritime University in Kolkata, Cotton University in Guwahati, and others.

The company has ambitious objectives to further mark its signature in the catering business and customise to the requirements of clients. In order to achieve its goal of becoming the nation's leading brand in hospitality and catering, IRCTC plans to grow the range of its catering operations throughout the nation. To that end, it is in talks to establish catering units with a number of other government agencies and business establishments. Additionally, it will provide comprehensive catering solutions.

UPL

UPL Ltd announced its inclusion in both the Dow Jones Sustainability World and Emerging Markets Indices (DJSI) on Wednesday. The best performing corporations in terms of sustainability are the only ones allowed to be included in these esteemed global indices. This inclusion is a result of UPL's exceptional achievement, which was revealed in November, in obtaining the best marks in the agrochemical sector of the S&P Global 2023 Corporate Sustainability Assessment.

Angel One

Hemen Bhatia has joined Angel One as the company's new chief executive officer, according to an announcement made by Angel One. Hemen will lead the expansion of the Group's asset management division, emphasising Angel One's mission to improve a billion lives by providing all-encompassing financial solutions.

Shriram Properties

Following Mr. Jajit Menon's recent resignation as Director of Sales, Marketing, and CRM, Shriram Properties Ltd. (SPL) has announced the appointment of Mr. Vivek Venkateswar as Chief Sales & Marketing Officer (CSMO). Concurrently, the organisation has named Mr. Debasis Panigrahi as the Chief Human Resource Officer (CHRO).

Tata Power

One of the largest players in renewable energy in India, Tata Power Renewable Energy Limited (TPREL), signed a Power Delivery Agreement (PDA) with Force Motors Limited and Jaya Hind Industries Private Limited of the Dr. Abhay Firodia Group of Companies to supply green power under the Group Captive scheme for a 25-year period. According to the deal, Force Motors Limited, a completely vertically integrated automaker, would use 13.64 million units (MUs) of power yearly and 6.2 MW of AC power.

While the other group company, Jaya Hind Industries Private Limited will be utilising 7.0 MW AC power, consuming 15.40 MUs annually. This 13.2 MW AC group captive solar facility, which generates 29.04 MUs of power yearly and would cut carbon emissions by around 21,200 metric tonnes annually, is situated in Achegaon, Maharashtra. After the PDA is signed, the project is expected to be finished in a year.

The facility for the group captive solar plant will be developed, managed, and maintained under the direction of TPREL. Tata Power Renewable Energy Limited (TPREL) is a subsidiary of The Tata Power Company Limited, one of India's largest integrated power companies. With this expansion, TPREL's total renewable capacity increased to 8,327 MW (PPA capacity is 7,338 MW). This includes 4,107 MW of projects in various stages of construction and 4,220 MW of operating capacity, which is made up of 1,019 MW of wind and 3,201 MW of solar projects.

UNO Minda

Under its subsidiary Uno Minda TACHI-S Seating Private Limited ("UMTS"), the company has inaugurated its new automotive seating systems manufacturing in Bhagapura, Ahmedabad, Gujarat. The facility will produce automobile seats' mechanical components for passenger cars. OEM orders have already been received by UMTS, and supply is anticipated to begin by Q4 FY24.

SBI

On December 14, 2023, at the bank's IFSC Gift City Branch in Ahmedabad, State Bank of India and KfW (German Development Bank) signed an agreement for a Line of Credit of EURO 70 million to promote solar PV projects in India.

RBL Bank

The bank has been allotted 40,00,000 equity shares of Rs. 100/- each by Open Network for Digital Commerce (ONDC) representing 8.51% of the paid-up equity share capital of ONDC for a total consideration of Rs. 40 Cr at par on December 13, 2023. The bank aims to help ONDC achieve its goal of building an accessible digital infrastructure that would help the Indian digital commerce sector grow and change.

NBCC

The company has received an order of Rs 1,500 Cr National Cooperative Development Corporation (NCDC), Statutory Corporation under the Ministry of Cooperation/ Primary Agriculture Cooperative Society (PACS) in various states for the construction of 1469 nos. of warehouses and other agri-infrastructure under the world's largest grain storage plan in cooperative sector at various location across India.