Stocks To Watch: Godrej Consumer, Godrej Industries, Bajaj Finserv, Torrent Power, Container Corp, JSW Steel

Shares of Godrej Consumer Products, Bajaj Finserv, Torrent Power, Container Corp. and JSW Steel will be in focus on Tuesday.

Godrej Consumer Products said it expects double-digit volume growth and high-single digit growth in value terms across home care and personal care segments in the quarter-ended June. The life and general insurance arm of Bajaj Finserv also released its quarterly business update.

A subsidiary of Torrent Power will set up a solar power project for ARS Steels in Tamil Nadu, while July 9 will be the ex/record date for JSW Steel final dividend for fiscal 2024.

India's benchmark stock indices closed little changed on the first day of the week due to a lack of any major triggers, even as investors awaited first-quarter earnings to give direction to the market. Both the Nifty and Sensex ended little changed at 24,320.55 and 79,960.38, respectively. Intraday, both fell around 0.3%.

Overseas investors remained net buyers of Indian equities for the fourth consecutive day on Monday. Foreign portfolio investors mopped up stocks worth Rs 61 crore, while domestic institutional investors turned net buyers after three days of selling and mopped up equities worth Rs 2,866.8 crore, according to provisional data from the National Stock Exchange.

Meanwhile, Indian rupee closed flat at Rs 83.50 against the US dollar on Monday.

The GIFT Nifty traded flat at 24,387 points as of 7:18 a.m. today.

• Godrej Consumer Products: The company expects double-digit volume growth and high-single digit growth in value terms across home care and personal care segments in the quarter-ended June, according to provisional business updates released on Monday.

• Bajaj Finserv: Bajaj Alliance General Insurance gross direct premium underwritten stood at Rs 1,234 crore for June and Bajaj Allianz Life total new business premium at Rs 1,082 crore.

• Torrent Power: The company signed an agreement with ARS Steels and Torrent Urja 14 for setting up 50 MWp solar projects in Tamil Nadu.

• Container Corp: The company reported a total throughput of 11.59 lakh TEUs, marking a 6% year-on-year increase. The export-import throughput stood at 2.89 lakh TEUs, reflecting a 3.3% year-on-year, while the domestic throughput was 8.69 lakh TEUs, up by 15% year-on-year rise.

• Dixon Technologies: The company will exit the joint venture AIL Dixon Tech and acquire 6.5% stake in Aditya Infotech as consideration for the divestment.

• Swan Energy: Three BlackRock affiliates acquired stake worth Rs 304 crore in the company while two foreign investors were among the sellers on Monday.

• Jupiter Wagons: The company opened its QIP and set the floor price at Rs 689.47 per share.

• Pitti Engineering: The company opened its QIP for raising up to Rs 360 crore and set floor price as Rs 1,054.25 per share.

• JSW Steel: The company has set July 9 as the ex/record date for final dividend of Rs 7.3 per share for fiscal 2024.

• JK Cement: The company has set July 9 as the ex/record date for final dividend of Rs 15 per share for fiscal 2024.