Stocks To Watch On January 8: Domestic markets experienced a brief recovery after Monday’s sharp decline, ending the day marginally higher.
Shares of Tata Steel, Mankind Pharma, NTPC, Jindal Worldwide, Signature Global, and others will be in focus today due to recent developments.
Results Today: Transformers and Rectifiers (India), Reliance Home Finance, Adarsh Mercantile, and Vivid Mercantile are set to release their quarterly earnings on January 8.
Tata Elxsi: The company has entered into an initial agreement with CSIR-National Aerospace Laboratories (CSIR-NAL) for a strategic partnership in advanced air mobility, focusing on unmanned aerial vehicles and urban air mobility.
NTPC: The state-owned company has established a wholly-owned subsidiary, NTPC Parmanu Urja Nigam, to pursue nuclear energy initiatives.
Mankind Pharma: The company has pledged its remaining 56.31% shares in Bharat Serums and Vaccines to Catalyst Trusteeship.
Jindal Worldwide: The board of Jindal Worldwide has approved a bonus issue of 4 shares for every 1 share held.
Tata Steel: For Q3, the company reported crude steel production of 5.68 million tons, marking an 8% increase from the previous quarter and a 6% year-on-year growth, bolstered by the commissioning of a 5 MTPA blast furnace at Kalinganagar.
Sobha: The company reported Q3 sales of Rs 138.8 crore, driven by a new sales area of 1.01 million square feet, with an average price realization of Rs 13,663 per square foot, reflecting a 17.8% growth from the previous quarter.
Signature Global: The company’s pre-sales surged 120% to Rs 2,770 crore in Q3, while collections grew 40% to Rs 1,080 crore. The board also appointed Sanjeev Kumar Sharma as CFO, effective January 7.
Dr. Reddy’s Laboratories: The company has agreed to sell its subsidiary, Dr. Reddy’s Laboratories Louisiana LLC, along with the manufacturing facility in Shreveport, Louisiana.
Maruti Suzuki: The company unveiled its blueprint for electric mobility, “e for me,” focusing on electric vehicles, cutting-edge technology, and strong charging infrastructure.