Tata Motors, CG Power, HUL, Bajaj Auto: Stocks to watch on Tuesday

Stocks to watch on Tuesday, January 9: CG Power and Industrial Solutions received a Goods and Services Tax (GST) demand notice amounting to Rs 25,86,035.

Representative image. Source: Pexels

Stocks to watch on Tuesday, January 9: At 08:14 AM, GIFT Nifty traded 121.45 points, or 0.56 per cent higher at 21,701, indicating a positive start for domestic equities today.

Equity benchmarks Sensex and Nifty surrendered early gains to close with deep losses on Monday, snapping their two-day winning streak as investors pared exposure to banking, metal, and FMCG stocks amid a weak trend in global markets. The 30-share BSE Sensex tanked 670.93 points, or 0.93 per cent, to settle at 71,355.22. The Nifty declined 197.80 points, or 0.91 per cent, to 21,513.

Here are some stocks that will be in focus on Tuesday, January 9.

CG Power and Industrial Solutions

The company received a Goods and Services Tax (GST) demand notice amounting to Rs 25,86,035.

TRENDING NOW

Tata Steel

The record date for the merger of Tata Steel and The Tinplate Company of India Limited (TCIL) has been fixed for Friday, January 19, 2024.

Adani Enterprises

The Arbitral Tribunal has pronounced the award for the company's subsidiary Mumbai International Airport Limited (MIAL), where it has excused MAIL from making payment of the Monthly Annual Fee (MAF) for the period from March 13, 2020, to February 28, 2022, due to the existence of force majeure.

Accordingly, the amount of MAF paid by MIAL to the Airports Authority of India (AAI) for the period March 13, 2020, to February 28, 2022, is ordered to be refunded along with interest.

Tata Motors

Jaguar Land Rover (UK), a subsidiary of Tata Motors, reported increased sales volumes for the third quarter of FY24 (three months to December 31, 2023), reflecting improvements in supply as more vehicles were delivered to clients as per its filing.

Bajaj Auto

The board has approved a share buyback at a price of Rs 10,000 per share. This is at a premium of 43 per cent over the current market price. The buyback will be done through the tender route.

Honasa Consumer Care

Stellaris Venture Partners I sold 1 per cent equity, or 32.17 lakh shares, in the company at Rs 437.04 per share.

IRB Infra

The company, via a filing, stated that toll collection during December soared 26 per cent YoY to Rs 488 crore.

Aurobindo Pharma

The company's unit VI B has received an establishment inspection report. This facility is situated in Sangareddy, Telangana.

BEML

The company has bagged an order from the Defence Ministry to supply mechanical minefield marketing equipment.

GMDC

The environmental clearance has been received for the 2 MTPA lignite capacity expansion. Approval has been given for the Surkha North Lignite mines.

Rain Industries

Pabrai Investment has offloaded 2.0344 per cent through an open market deal on January 4. After the dilution, the stake in the fund is reduced to 3.9622 per cent.

Railtel Corp

The company has received an order valued at Rs 39.88 crore from the Bihar Education Project Council.

Fino Payments Bank

The company has applied for a small finance bank licence with the RBI.

Capacite Infra

The company's QIP was launched yesterday with a floor price of Rs 264.89 per share. The floor price is at a discount of 3.9 per cent.

Q3 FY24 results to be announced

Pricol

The company will consider financial results for the quarter and nine months ended December 31, 2023, in a conference call on Friday, February 2, 2024.

Tata Communications Ltd

The company's board will consider the financial results for the third quarter on Thursday, January 18, 2024.

HUL

Hindustan Unilever's board will consider third-quarter financial results on Friday, January 19, 2024.

Happiest Minds Technologies

The board will consider Q3FY24 in a meeting held on Wednesday, January 17, 2024.

Q3 business updates

Bajaj Finserv

The company's subsidiary, Bajaj Allianz General Insurance Company, recorded a gross direct premium underwritten at Rs 1,425.1 crore for December 2023.