Stocks To Watch: Tata Motors, TVS Motor, NMDC, Patanjali Foods

Shares of Tata Motors, TVS Motor, NMDC, and Patanjali Foods will be in focus on Tuesday.

Sanghi Industries Ltd. promoters Ambuja Cements Ltd. and Ravi Sanghi will sell up to a 3.52% stake in the open market via the offer-for-sale route. The Adani Group company plans to offload up to 60.9 lakh shares, representing 2.36% equity, and Ravi Sanghi will offer up to 30 lakh shares, or 1.16%.

NMDC Ltd.'s monthly production of iron ore for the month of June has dropped by 3.2% to 3.37 metric tonnes as compared with the same period last year at 3.48 metric tonnes.

Patanjali Foods Ltd. said on Monday that its board has approved the proposal to acquire the home and personal care business of Patanjali Ayurved Ltd. in a deal that values the segment at Rs 1,100 crore as it aims to strengthen its position in the fast-moving consumer goods sector.

JTL Industries Ltd. had its highest-ever quarterly sales volume in terms of export volume, with growth of 31.4% from 4,503 metric tonnes in the quarter-ending June 2023 to 5,917 MT in the quarter-ending June 2024.

Markets in the Asia-Pacific region logged losses on Tuesday morning, ignoring overnight gains in US stocks as investors worry about the outcome of the presidential election.

The Japanese yen hit a new 38-year low of 161.73 against the US dollar on Monday, feeding into traders' expectations of authority's intervention in the currency market. The Nikkei fell 7.47 points, or 0.02, to 39,623.59.

The KOSPI and S&P ASX 200 were trading 0.81% and 0.03% lower, respectively, as of 6:48 a.m.

The US bond market experienced a downturn as traders considered the potential economic impact of the upcoming US presidential election in November.

The S&P 500 Index and the Dow Jones Industrial Average are rising 0.13% and 0.27%, respectively, as of Monday. The Nasdaq Composite settled 0.83% higher.

Brent crude was trading 0.15% higher at $86.73 a barrel. Gold rose 0.01% to $2,332.21 an ounce.

The GIFT Nifty was trading 29 points, or 0.12%, lower at 24,242.50 as of 06:51 a.m.

The Indian benchmark indices recouped losses from last session and closed at all-time highs on Monday, tracking gains in shares of HDFC Bank Ltd. and Infosys Ltd.

The NSE Nifty 50 ended at 131.35 points, or 0.55% higher at 24,141.95, and the S&P BSE Sensex settled at 443.46 points, or 0.56% up at 79,476.19.

Overseas investors remained net sellers of Indian equities on Monday. Foreign portfolio investors offloaded stocks worth Rs 426 crore, while domestic institutional investors remained net buyers and mopped up equities worth Rs 3,917.4 crore, according to provisional data from the National Stock Exchange.

The Indian currency weakened 5 paise to close at 83.44 against the US dollar.

• NMDC: The company reported production volume at 3.37 million tonne, down 3.2% YoY and sales volume at 3.73 million tonne, down 9% YoY for June. The company set lump ore prices at Rs 5,959 per tonne and fines at Rs 5,110 per tonne.

• Asset management companies: SEBI has asked stock exchanges and other market infrastructure institutions to charge all its members uniformly and not offer discounts based on trading volumes or activity.

• Patanjali Foods: The board of Patanjali Foods approved the proposal to buy Patanjali Ayurved's non-food business for Rs 1,100 crore. Payment is to be done in 5 tranches of 20%, 20%, 45%, 10%, and 5%.

• JTL Industries: The company's sales volume rose 10.8% to 85,674 million tonne for the end of Q1 FY25.

• South Indian Bank: The company's gross advances rose 11.4% YoY to Rs 82,510 crore, deposits up 8.4% at Rs 1.04 lakh crore YoY, and CASA ratio at 31.87% versus 32.64% YoY for the Q1 FY25.

• CSB Bank: The company reported gross advances up 17.8% at Rs 25,099 crore YoY while deposits were up 22.2% at Rs 29,920 lakh crore YoY for the end of Q1 FY25.

• Gandhar Oil Refinery (India): The company’s unit received a three-year contract worth Rs 375 crore from ADNOC Distribution. The contract quantity is estimated to be 30 million litres per year.

• DCX Systems: The company received an order worth Rs 1,250 crore from Larsen & Toubro for the manufacture and supply of electronic modules for three years.

• Deepak Fertilizers and Petrochemicals: The company received the NCLT nod for the scheme of arrangement between Mahahdhan AgriTech, Deepak Mining Solutions, and Mahadhan Farm Technologies.

• JK Cement: Sumnesh Khandelwal resigned as deputy CFO effective July 1.

• Pennar Industries: The company is to set up a PEB manufacturing plant in Raebareli in the second quarter and to have a production capacity of 36,000 MTPA.

• BLS International Services: The company unit received the Turkish Regulatory Authority's nod for the acquisition of iData.

• Maruti Suzuki India: The company reported production volumes down 3% to 1.33 lakh units YoY for June.

• Sakuma Exports: The company approved a bonus issue of shares in the ratio of 4:1. It also approved raising up to Rs 500 crore through QIP and investing Rs 600 crore in its subsidiaries.

• Laxmi Organic Industries: Tanushree Bagrodia resigned as CFO effective Sept. 2 with Mahadev Karnik taking over as the new CFO from Sept 3.

• IOL Chemicals and Pharmaceuticals: The company received the China regulatory body's approval for the company’s Fenofibrate product. This approval will enable the company to export its Fenofibrate API to China's market.

• Ganesha Ecosphere: The company’s unit commenced operations of its third production line of rPET chips at its Warangal facility in Telangana.

• CAMS: The company partnered with Google Cloud to build a cloud-native platform for its asset management business services.

• Tata Motors: Total domestic sales are down 8% year-on-year at 74,147 units in June. Total commercial vehicle sales were down 7% at 31,980 units, total PV sales were down 8% at 43,624 units and total EV sales were down 34% at 4,657 units. The company reported fiscal 2025 first-quarter sales data in which total domestic sales were up 2% year-on-year at 2.25 lakh units, total CV sales were up 6% at 91,209 units, total PV sales were down 1% at 1.40 lakh units and total EV sales were down 14% at 16,579 units.

• TVS Motor: Total sales were up 5% year-on-year at 3.33 lakh units in June. 2-wheeler sales went up 6% at 3.22 lakh units, motorcycle sales up 3% at 1.52 lakh units, scooter sales up 6% at 1.28 lakh units, EV sales up 10% at 15,859 units and total exports down 4% at 76,074 units.

• Hero MotoCorp: The total sales went up 15% year-on-year to 5.03 lakh units in June. Domestic sales were up 16% at 4.91 lakh units, while exports were down 15% at 12,032 units. Motorcycle sales were up 17% at 4.73 lakh units for June.

• Eicher Motors: Total motorcycle sales were down 5% year-on-year at 73,141 units in June, while motorcycle exports were down 27% year-on-year at 7,024 units for June.

• Allied Blenders and Distillers: The company's shares will debut on the stock exchanges on Tuesday at an issue price of Rs 281 apiece. The Rs 1,500-crore IPO was subscribed 23.55 times on its third and final day. Bids were led by institutional investors (50.37 times), retail investors (4.51 times), non-institutional investors (32.40 times), and portion reserved for employees (9.89 times).

• Nazara Technologies: TIMF Holdings bought 12 lakh shares (1.56%) at Rs 872 apiece. On the other hand, Parijata Trading Private Limited, Gyaana Retreat & Services Private Limited and Fashions Brands (India) sold 6 lakh shares (0.78%) at Rs 872 apiece.

• SG Finserve: Sixteenth Street Asian Gems Fund sold 10.44 lakh shares (1.86%) at Rs 400.19 apiece, while Sanjay Garg bought 8.5 lakh shares (1.52%) at Rs 396.34 apiece.

• EFC (I): Societe Generale bought 3.5 lakh shares (0.7%) at Rs 565 apiece, while Black Hawk Properties Private Limited sold 2.5 lakh shares (0.5%) at Rs 565 apiece.

• Krishna Defence and Allied Industries: Credent Asset Management Services Private Limited Pms A/C Orbis0000154 sold 0.99 lakh shares (0.86%) at Rs 1048.54 apiece.

• Veranda Learning Solutions: Ujwal Kumar Pagariya bought 4 lakh shares (0.56%) at Rs 240.77 apiece.

• Religare Enterprises: Plutus Wealth Management LLP sold 71 lakh shares (2.15%) at Rs 239.05 apiece, while Societe Generale bought 50.5 lakh shares (1.53%) at Rs 239 apiece.

• OM Infra: Promoter Jyoti Kothari sold 3.12 lakh shares on June 28.

• Ethos: Promoter Mahen Distribution sold 37,237 shares between June 25 and 28.

• Go Fashion (India): Promoter Rahul Saraogi created a pledge for 3.08 lakh shares on June 26.

• ION Exchange (India): Promoter Mahabir Prasad Patni sold 1,42,500 shares on June 18–28.

• Steel Exchange India: Promoter Umashiv Garments sold 1 crore shares on June 27.

• Go Fashion (India): Promoter Gautam Saraogi revoked a pledge for 3.08 lakh shares on June 25.

• Steel Exchange India: Promoter Umashiv Garments revoked a pledge for 1 crore shares on June 27.

• Mangalore Chemicals and Fertilisers: Promoter Zuari Agro Chemicals created a pledge for 9 lakh shares on June 26.

• Price band Changes from 10% to 5%: Solara Active Pharma Sciences.

• Price band Changes from 20% to 10%: Exicom Tele-Systems, Black Box, GRP.

• Ex/record Dividend: Epigral.

• Ex/record AGM: Epigral, Automotive Stampings And Assemblies.

• Ex/record Buyback: Bajaj Consumer Care.

• Ex/record Bonus: Oil India.

• Moved in short-term Framework: Black Box.

• Moved out short-term Framework: Chambal Fertilisers & Chemicals, Johnson Controls - Hitachi Air Conditioning India.

• Adani Ports And Special Economic Zone: To meet analyst and investors on July 5.

• Balaji Amines: To meet analyst and investors on July 4.

• Shalimar Paints: To meet analyst and investors on July 4.

• Krsnaa Diagnostics: To meet analyst and investors on July 3.

• ACC: To meet analyst and investors on July 5.

• Nifty July futures up by 0.34% to 24,212 at a premium of 70 points.

• Nifty July futures open interest up by 3%.

• Nifty Bank July futures up by 0.32% to 52,700 at a premium of 125 points.

• Nifty Bank July futures open interest up by 3.3%.

• Nifty Options July 4 Expiry: Maximum Call open interest at 25,000 and Maximum Put open interest at 24,000.

• Bank Nifty Options July 3 Expiry: Maximum Call Open Interest at 53,000 and Maximum Put open interest at 50,000.

• Securities in ban period: The India Cements and Indus Tower

• IT Services Q1 Results Preview - Decent Start To The Year Of Recovery- FY25: ICICI Securities

• NBFCs Q1 Results Preview - To Be Slower In Growth; Pressure On NIM Sustains: Nirmal Bang

• Can NDA-II Repeat The Performance Of NDA-I? Motilal Oswal's Analysis

• Inox Wind - Well-Positioned To Benefit From Tailwinds In The Wind Sector; Axis Securities Initiates With A Buy

• Adani Ports - Healthy Expansion In The Scale Of Operations, Robust Profitability To Continue: Motilal Oswal

• Prince Pipes - Heading In The Right Direction: Anand Rathi

• Amara Raja - Strategic Move In The Right Direction: Motilal Oswal

• Nykaa - Beauty And Personal Care Ambition Plausible; Fashion’s A Stretch Though: HDFC Securities

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