Stocks To Watch Today: Adani Twins, TCS, Titan, IEX, TVS Motor & More

On Monday trading session i.e. 9th October, here are the hot stocks that are likely to be in focus today and witness some price actions for the market watchers.

Adani Ports and Special Economic Zone Limited

Mundra Port is marking a historic voyage with 25 years of ground-breaking operations, emphasising its growth and evolution into one of the largest ports on the planet. Since the start of its existence, it has grown to prominence and, over the past 25 years, contributed more than 2.25 lakh crore to state and national exchequer, highlighting its crucial position in India's economic system. Additionally, since its inception, it has produced more than 7.5 crore man-days of employment.

Mundra became the first port in India to handle 100 MMT in 2014 from a few tonnes in 1998. Today, the port handles more than 155 MMT, ranking it as the top port in India and accounting for around 11% of the country's marine cargo. The EXIM gateway for container traffic is located in Mundra. In reality, a designated freight corridor that provides the special capability of double-stack containers from the northern hinterland to Mundra is where 33% of India's container traffic passes through.

Commenting on the occasion, Adani Group Chairman Mr Gautam Adani said, "Mundra, for me, is much more than just a port. It is the beachhead of a horizon of possibilities for the entire Adani Group. 25 years ago, when we started the journey, we dreamt of a beacon that would represent India's march forward. The heartbeat of this commitment resonates not just in Mundra but throughout the nation and echoes in the confidence of every stakeholder who had the faith to sail on this journey with us.

As we mark our silver jubilee, Mundra stands as a testament to the wonders that can unfurl when foresight, tenacity and a united community converge. Along with our employees and partners, we did not merely construct a port; we sculpted an emblem of global excellence, transforming an entire region and crafting new blueprints. Our confidence has never been higher and Mundra will continue to trailblaze, setting benchmarks on the global canvas."

KPI Green Energy

New orders totalling 4.20 MW have been signed by KPI Green Energy Limited for the purpose of carrying out solar power projects under the company's "Captive Power Producer (CPP)" Segment. With the addition of the aforementioned contract, the company's total orders for solar power projects have now exceeded 100+ MW under its CPP sector.

Rail Vikas Nigam

Rail Vikas Nigam Limited (RVNL) has received a Letter of Acceptance (LOA) from Maharashtra Metro Rail Corporation Limited (MMRCL) for design and construction of elevated metro viaduct of length 6.92 km between Ch. (-) 657.182 m to Ch. (-) 7576.78 m in Reach 2A of NMRP Phase2, as per a stock exchange filing.

TCS

During the trade week from October 9 to October 13 IT giant Tata Consultancy Services (TCS) will be in focus. On October 11, the Tata Group-backed flagship firm is scheduled to release its Q2 financial results. In addition, TCS will announce dividend and share buyback.

Titan Company

Titan stated on Friday that its standalone revenue increased by 20% for Q2FY24. The group's retail footprint rose by 81 stores during that time, bringing the total to 2,859 outlets. Its jewellery segment recorded a rise of 19 per cent in revenue and opened 39 stores, bringing the total number to 598. The domestic business of the Watches & Wearables (W&W) Division climbed by 32%. Fragrances and Fashion Accessories (F&FA) saw a 4% YoY growth.

Bank of Baroda

The bank recorded an increase in total deposits, which rose to a total of Rs 12 lakh crore, growing by a staggering 14.63% YoY and by 4.15% QoQ. Domestic current account and savings account (CASA) deposits also grew, rising by 4.43% over the course of the year and 1.12% over the course of the quarter to reach Rs 4.24 lakh crore. Domestic advances performed well by an astonishing 16.64% YoY to reach Rs 8.13 lakh crore.

By achieving Rs 22 lakh crore as of September 30, 2023, Bank of Baroda's total business shows a fantastic 15.88% growth rate YoY. The bank's total advances also saw significant growth, rising by 17.43% annually and 3.51% quarterly as of September 30, 2023, to reach Rs 10 lakh crore. With a 14.63% annual rise and a 4.15% quarterly rise, the bank recorded substantial growth in total deposits, which as of September 30, 2023, totalled Rs 12 lakh crore.

Adani Energy Solutions

Adani Energy Solutions Ltd. acquired 100% shareholding in Sangod Transmission Service Ltd. from Rajasthan Rajya Vidyut Prasaran Nigam Ltd. The approved and paid-up share capital is Rs 5 lakh per share, whereas the equity shares are purchased at a face value of Rs 10.

TVS Motor

On Friday, TVS Motor Company began manufacturing CE 02, the first electric vehicle that it co-developed and manufactured with BMW Motorrad, the BMW Group's motorcycle company in Germany. The TVS Hosur facility, which is around 70 kilometres from Bengaluru, will produce the two-wheeler. CE 02 and the 150,000th motorcycle in the 310cc series from BMW Motorrad were both manufactured at the same assembly line.

Prestige Estates Projects

In the first half of FY24, the real estate company Prestige Estates Projects Ltd set a record with sales of Rs 11,007.3 crore, a significant 69% rise YoY. Prestige Estates announced revenues of Rs 7,092.6 crore for the second quarter of FY24, representing a staggering 102% increase YoY.

Indian Energy Exchange

On Friday, the energy exchange IEX announced plans to acquire a 10% stake in Enviro Enablers India Private Limited.