Stocks To Watch Today: TCS, Tata Motors, Sun Pharma, Vedanta, Adani Wilmar & More

On the trading session of Friday, here are the top 10 stocks including TCS, Tata Motors, Sun Pharma, Vedanta, Adani Wilmar that are likely to be in focus today.

Ujjivan Small Finance Bank

The bank released its key business highlights for the Quarter ended Sep 30, 2023 on Thursday and said the total deposits grew 43% YoY and 9% QoQ to Rs 29,134 crore from Rs 20,396 crore and Rs 26,660 crore in Sep'22/ Jun'23. Its CASA grew by 27% YoY from Rs 5,496 Cr in Q2FY23 to Rs 7,006 Cr in Q2FY24 while its CASA ratio stood at 24.0% in Q2FY24 and 26.9% in Q2FY23. To Rs 26,600 crore from Rs 20,938 crore/Rs 25,326 crore in Sep'22/Jun'23, advances are up 27%/5% YoY/QoQ. With an 18%/9% YoY/QoQ rise and Rs 5,749 crore disbursed for Q2FY24, the disbursement rate is still strong. With disbursements of Rs 541 crore up 69%/30% YoY/QoQ, the loan book's Affordable Housing segment has grown significantly to reach Rs 4,000 crore, as per a stock exchange filing.

Sun Pharmaceutical Industries

The company has entered into agreements to acquire a minority stake in Ezerx Health Tech Private. The company has entered into an agreement to acquire ~37.76% equity shareholding of EzeRx at a cost of Rs. 28.69 Crore. In addition to the notification from February 18, 2023 about the company entering into an agreement to acquire 26.09% of Agatsa, the Company has now signed another agreement to purchase an additional 4.04% of equity shares from current shareholders, bringing the total proposed acquisition of stake up to 30.13% of Agatsa at a cost of Rs. 4.5 crore.

Star Housing Finance

LIC Housing Finance Limited has sanctioned a loan facility of Rs. 25,00,00,000/- to Star Housing Finance Limited, as per a stock exchange filing dated 5.10.2023.

Aarti Industries

Aarti Industries Limited has incorporated a new wholly owned subsidiary of the company in Dubai, United Arab Emirates by the name of Aarti Chemical Trading - FZCO.

Vedanta

CRISIL has rated CRISIL AA/Watch Negative/CRISIL A1+ (Previously CRISIL AA/Negative/CRISIL A1+) to Vedanta on the long-term bank facilities and debt instruments of the company while also reaffirming the ratings on the short-term debt instruments of the company, as per a stock exchange filing.

Lupin

The United States Food and Drug Administration (U.S. FDA) has tentatively approved Lupin Limited's (Lupin) abbreviated New Drug Application for Tolvaptan Tablets, 15 mg, 30 mg, 45 mg, 60 mg, and 90 mg, a generic version of Jynarque Tablets, 15 mg, 30 mg, 45 mg, 60 mg, and 90 mg from Otsuka Pharmaceutical Co., Ltd. The Lupin factory in Nagpur, India, will produce this product. According to IQVIA MAT's August 2023 report, Tolvaptan Tablets (RLD Jynarque) has expected annual sales of USD 287 million in the US.

Adani Wilmar

On the strength of significant potential in packaged staple products and excellent execution, the company produced excellent volume growth in the double digits. The Food & FMCG sector continues to expand rapidly, with segment revenue growing by almost 25% YoY for the quarter on a standalone basis, along with an underlying volume rise of 18%. This is significant despite the fact that rice export limitations have reduced export earnings. On an LTM (last twelve months) basis, the segment's sales are estimated to be over INR 4,300 crores, and in Q2 it contributed almost 10% to the company's standalone revenue.

"Strong execution in alternate channels (Modern Trade and E-com), in close collaboration with the channel partners, has been leading to higher growth rates in these channels for both oil & foods. Quick commerce has been growing at the fastest rate and has become a large part of overall ecommerce sales. For each of our key edible oils, our market share in all the major alternate channels is significantly higher, compared to our overall market share in the categories. Market share of our Food products is also higher in the alternate channels. This signifies strong brand equity and an opportunity to lift our market share in GT channel too by way of increasing our direct reach," said the company in a stock exchange filing.

During the quarter, the company's direct distribution surpassed 6.5 lakh outlets. The HORECA team has increased its distribution network to 31 cities, and in the upcoming years, it aims to extend to all significant cities. In Q2'24, the volumes of the edible oil category grew by about 5% YoY, while the volumes of the branded business climbed by 12% YoY. Comparing H1 '24 to H1 '23, overall volume increased by almost 16% YoY.

All of the company's core products, including Wheat Flours, Rice, Pulses, Besan, Sugar, Soya Chunks, Poha, and Soap, have been scaling up effectively in the Food & FMCG category. In the domestic market, branded product sales have been expanding at a 40%+ YoY pace for the past 8 quarters and in Q2'24, they made up almost 80% of the segment's total sales. In the Rice business, sales of branded products in the domestic market have been increasing thanks to the portfolio's two strong brands, Kohinoor and Fortune. With more than 60 SKUs in its range to cater to different client groups, Kohinoor brand has reached a milestone of INR 250 crores in revenue on an LTM basis.
The volume of Industry Essentials climbed by over 25% YoY as a result of the robust expansion of the castor and oleo businesses. Stearic Acid, Soap Noodles, and Glycerin-the company's three primary products-all had significant rise in sales during the quarter.

Tata Motors

Jaguar Land Rover (UK), a wholly owned subsidiary of Tata Motors Limited reported strong sales volumes for the second quarter of FY24 (three-month period to 30 September 2023).

Wholesale volumes in the period were 96,817 units, up 4% from the quarter ended 30 June 2023 and up 29% from the same quarter a year prior, excluding the Chery Jaguar Land Rover China JV. Wholesale volumes for the first half of the fiscal year jumped by 29% to 190,070 over the same period last year. Retail sales for the second quarter totalled 106,561 units, up 21% from the same period a year prior, including the Chery Jaguar Land Rover China JV. Retail volumes climbed year over year in every region: overseas by 56%, in North America by 32%, in Europe by 16%, in the UK by 9%, and in China by 7%.

"The order book continues to reflect strong demand for our products with 168,000 client orders at the end of the second quarter, reducing from 185,000 at the end of the first quarter, as expected, with increased order fulfilment. Range Rover, Range Rover Sport and Defender demand remains particularly strong, representing 77% of the order book." said the company in a stock exchange filing.

TCS

In the HFS Horizons for Supply Chain Service Providers, Tata Consultancy Services (TCS) has been classified as a Market Leader (Horizon 3). To understand the Why, What, How, and So What of service providers' service offerings, the research assesses the capabilities of 18 providers along a variety of parameters.

"TCS helps clients build resilient, digitally-enabled, purpose-led and future-fit supply chains that can respond to changing business demands and deliver superior customer experience. Our consulting-led collaborative approach, innovation, and investments in developing industry-leading solutions are helping our clients optimize their supply chains, improve sustainability, and drive growth," said Krishnan Ramanujam, Business Group Head, Retail, CPG and Travel, TCS. "Our positioning as a Market Leader in supply chain services is a testament to our focus on delivering customer-centric solutions that drive business value."

Ashish Chaturvedi, Practice Leader, HFS Research, said, "TCS has one of the most comprehensive supply chain services portfolio with a platform-based, partner-oriented, and industry-context-driven approach. TCS' extensive partner network, high focus on automation, and specialized sustainability offerings give it an edge in the supply chain space."

Infosys

On Thursday, October 12, 2023 at roughly 3.45 p.m., Infosys will release financial results for the second quarter ended September 30, 2023.