Stocks To Watch Today: Maruti Suzuki, CIL, Adani Energy, Tata Motors & More

Here are the top 10 stocks to watch today that are likely to remain under the spotlight on Tuesday's trading session.

MOIL

MOIL made history by putting out its finest 6-monthly performance ever from April to September 2023. The first half of FY'24 saw a sharp increase in manganese ore production, reaching 8.15 lakh MT, or a rise of 45 percent over the same time the previous year. The September output of 1.35 lakh MT was the most for any September month since inception.

In terms of sales, the period from April to September 2023 had the greatest ever 6-monthly performance of 7.57 lakh MT, a tremendous increase of 54% over the corresponding period last year. Sales of 1.56 lakh MT in September 2023 were likewise excellent, growing by 60% YoY. Additionally, MOIL produced the most Electrolytic Manganese Dioxide (EMD) ever in the first half of this year, with a rise of 26% YoY. EMD is a 100% import substitution product that is mostly utilized in the production of batteries and pharmaceuticals.

Federal Bank

Federal Bank announced on Monday that its total deposits reached Rs 2,32,871 Crore, with a growth of 23% over Rs 1,89,146 Crore as of September 30, 2022. Deposits from customers of the bank totalled Rs 2,18,938 Crore (total deposits excluding interbank deposits and certificates of deposit), which is a rise of 20% above Rs 1,83,106 Crore as of September 30, 2022. As of September 30,2022, the Bank's gross advances jumped by 20%, to Rs 1,95,973 Crore from Rs 1,63,958 Crores as of September 30,2022. According to internal categorization, the wholesale credit book climbed by 17% while the retail credit book expanded by 22%. The ratio of retail to wholesale was 55:45. The bank's CASA ratio stood at 31.17% as of September 30, 2023 compared to 36.41% in the same period of last year.

IndusInd Bank

As of September 30, 2023, the bank's net advances were Rs. 3,14,928 crores, which is an increase of 5% on a quarterly basis from Rs. 3,01,317 crore and 21% on an annual basis from Rs. 2,60,129 crores as of September 30, 2022. At Rs. 3,59,819 crores as of September 30, 2023, deposits were up 14% YoY from Rs. 3,15,921 crores as of September 30, 2022 and 4% QoQ from Rs. 3,47,347 crores as of June 30, 2023. Compared to 39.9% on June 30, 2023, and 42.4% on September 30, 2022, the CASA Ratio dropped to 39.4% as of September 30, 2023. "Retail Deposits and Deposits from Small Business Customers amounted to Rs. 1,57,178 crores as of 30 September 2023 as compared to Rs. 1,50,691 crores as of 30 June 2023," said IndusInd Bank in a stock exchange filing.

Coal India

In the first half of the current fiscal year, Coal India Limited (CIL) produced over 333 million tonnes (MTs) of coal, registering a robust 11.3% yearly growth. This was around 34 MTs more than during the same period in FY 2023. The output for September 2023 climbed by 5.8 MTs, or 12.6%, to 51.4 MTs. When compared to the same month last year, CIL generated 45.7 MTs.

At the end of the first half of FY 2024, CIL's supplies to the power sector climbed to 294.8 million tonnes (MTs). 1.8 MTs more were available than the 293 MT projected demand for this time period. The volume rise was 9.7 MTs, or a 3.4% gain, when compared to a high base of the same period previous fiscal.

"We were given a supply target of 610 MTs to power sector for entire FY 2024. This is about 4% higher than the record level of 586.6 MTs that was supplied in FY'2023. We met the prorated demand of coal fired plants till September end and expect to meet the annual demand as well" said a senior official of Coal India.

CIL's total supply soared to 360.7 MTs during the first half of FY 2024, up 28.6 MTs and 8.6% over the same time a year earlier. With a double-digit growth of 12.6% in September 2023 compared to the same month last year, the coal supply at 55 MT climbed by 6.1 MT. During the first half of FY 2024, CIL's supplies to the non-power sector reached a peak of 65.7 MTs, growing by 40%. Comparing the rise to 46.8 MTs for the first half of FY 2023, the increase in absolute terms was over 19 MTs. The total quantity of coal stock at CIL's pitheads as of September 30th, FY 2024, was 41.6 MT.

Hindustan Zinc

In the second quarter of FY24, Hindustan Zinc Ltd. announced that it produced 252,000 tonnes of mined metal, a reduction of one per cent from the 255,000 tonnes produced in the corresponding period of the previous fiscal. Due to planned maintenance work, the company's refined metal production fell by 2% YoY to 241 kt in Q2FY24. At 185 kt during the period under review quarter, integrated zinc output was down 2% YoY and 12% sequentially.

According to Hindustan Zinc, pyro plant operations in lead mode during this quarter resulted in refined lead output at 57 kt being flat compared to Q2FY23 and up 12% sequentially. Due to the accumulation of WIP in Q2FY24, saleable silver production in the September quarter dropped 7% YoY to 5.8 million ounces. The quarter from July to September saw a 27% YoY growth in wind power generation, from 124 million units to 157 million units. Hindustan Zinc, however, announced its highest-ever first half-year mined metal production at 509 kt, only slightly up YoY due to increased ore production, mostly at Rampura Agucha bolstered by better overall metal grades.

Adani Energy Solutions

The Kharghar Vikhroli Transmission Limited (KVTL), which will allow for the delivery of additional electricity into Mumbai and subsequently help to fulfill the city's rising and future energy demand, has been put into operation. The project was built by Adani Energy Solutions Limited, the Adani portfolio's energy solution, transmission, and distribution arm. Mumbai requires the project since the transmission corridor's current capacity is insufficient to provide more electricity to the city. Mumbai metropolis will receive an additional 1,000 MW of reliable power from the Kharghar-Vikhroli line as a preventative measure against future occurrences of grid failure which occurred twice in recent times - on 27 February 2022, and on 12 October 2020.

"With this project's commissioning, Mumbai gets a 400 KV grid within its municipal geography, bringing enhanced import capability within its electricity grid and improving reliability and stability. For consumers, it provides that much more sustainability to commuting through bullet trains, Metro Rail and city railways, as also for commercial and residential establishments," said Adani Energy Solutions in a stock exchange filing.

"KVTL comprises approximately 74 circuit kilometres of 400 kV and 220 kV transmission lines, along with a 1,500 MVA 400kV Gas Insulated Substation (GIS) at Vikhroli, the first 400KV substation of its kind in Mumbai. Occupying approximately 9,500 sq m area, it has the most compact design when it comes to 400 KV substations. Its unique design vertically stacks 400kV and 220kV GIS, thus minimizing space requirements," the company further added.

TVS Motor Company

With sales of 402,553 units in September 2023 compared to 379,011 units in September 2022, TVS Motor Company saw an increase of 6% in Q2FY24. Sales jumped from 361,729 units in September 2022 to 386,955 units in September 2023, representing a 7% expansion in the whole two-wheeler sector. Sales of domestic two-wheelers grew by 6% from September 2022 to September 2023, going from 283,878 units to 300,493 units. Motorcycle sales went up from 169,322 units in September 2022 to 186,438 units in September 2023, registering a 10% gain.

With sales rising from 144,356 units in September 2022 to 155,526 units in September 2023, the scooter segment experienced an 8% gain. Compared to sales of 4,923 units in September 2022, the company sold 20,356 units of the TVS iQube Electric in September 2023. With sales rising from 92,975 units in September 2022 to 100,294 units in September 2023, the company's overall exports saw an 8% gain. Exports of two-wheelers grew from 77,851 units in September 2022 to 86,462 units in September 2023, representing an 11% increase in two-wheeler exports. Sales of the company's three-wheelers dropped to 15,598 units in September 2023 from 17,282 units in September 2022.

Two-wheeler sales jumped by 6% during the second quarter of the current fiscal year, to 10.31 lakh units, from 9.77 lakh units during the same period in the previous fiscal year. In the second quarter of the current year, the company sold 0.43 lakh units of three-wheelers, compared to 0.51 lakh units in the second quarter of FY 22-23.

Hero MotoCorp

The largest producer of motorcycles and scooters in the world, Hero MotoCorp, sold 536,499 units in September 2023. When it sold 519,980 units in September 2022, the company saw a spike of more than 3% over the same month the previous fiscal.
"As the country enters the peak festive season in the coming weeks, Hero MotoCorp expects the demand to be on a healthy trajectory, led by macro-economic factors," said Hero MotoCorp in a stock exchange filing.

Tata Motors

In comparison to Q2 FY 2022-23, when Tata Motors Limited sold 2,43,387 units in both the domestic and foreign markets, Q2 FY 2023-24 saw sales of 2,43,024 vehicles.

Mr. Girish Wagh, Executive Director, Tata Motors Ltd. said, "Tata Motors Commercial Vehicles domestic sales stood at 99,178 in Q2 FY24, 6% higher than Q2 FY23. Our upgraded BS6 phase II product range continues to see good traction as our customers experience benefits of lower total cost of ownership, efficient powertrains, and enhanced value-additions.

M&HCV segment saw a strong growth of 24% over Q2 of FY23, fuelled by continued government infrastructure push, robust replacement demand, and growth in core sectors, along with sustained growth from the e-commerce sector. We have scaled up our electric bus manufacturing to service orders won from various STUs under CESL's Grand Challenge. Looking ahead, continuing infrastructure thrust by the Government and improving consumption auger well for the CV industry, while rural demand remains to be a key monitorable, as monsoon has been below average."

Mr. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd. said, "Passenger vehicle sales remained strong in Q2 FY24 driven by new launches and pre-festive offtakes. Tata Motors posted quarterly sales of 1,38,939 cars and SUVs in Q2 FY24, ~2.7% below our highest ever quarter, Q2 FY23.

Our EV business continues its strong momentum and has posted growth of about 55% year-on-year. In Q2 FY24, we extended our innovative twin-cylinder CNG offering to Tiago, Tigor and Punch, which have been received well by the market. This quarter also saw the launch of the new generation Nexon and Nexon.ev, which have received an overwhelming market response. We had proactively reduced supplies of the outgoing models this quarter to enable a smooth transition to the new generation models. Going forward, with deliveries commencing of our exciting new generation products, we expect stepped up volumes in this festive season and beyond."

Maruti Suzuki

In September 2023, Maruti Suzuki India Limited sold a total of 181,343 units. Domestic sales of 153,106 units, sales to other OEMs of 5,726 units, and exports of 22,511 units make up the total sales for the month. A total of 1,050,085 units were sold by the company between April and September 23. The company for the first time exceeded the half-yearly sales threshold of 1 million units.