Stocks To Watch: Tata Steel, Tata Motors, Titan, Powergrid, Dabur, Marico, La Opala

Set your sights on today's potential market movers—here are the stocks to watch in today's trade.

NDTV Profit Research

08 Jul 2024, 07:33 AM IST

Source: Representative image of stock markets (Freepik)

Shares of Titan, Tata Steel, Power Grid Corp. of India and La Opala will be in focus on Monday.

Titan Co.'s business grew 9% year-on-year in the quarter-ended June, according to provisional figures released by the watch and jewellery maker.

Tata Steel India's crude steel production saw a 5% year-on-year jump at 5.25 million tonne in the first quarter of this fiscal, according to a provisional business update released by the company. However, the production was lower sequentially due to planned maintenance shutdowns.

Power Grid Corp. of India Ltd. will borrow up to Rs 16,000 crore in financial year 2026 through various sources, including domestic bonds.

Indian benchmarks rose for the fifth week to record the best streak of weekly gains in over six months. Meanwhile, the indices erased loss during the last leg of trade on Friday, tracking gains in shares of Reliance Industries Ltd., State Bank of India, and Larsen & Toubro Ltd.

The NSE Nifty 50 settled 21.70 points, or 0.1%, higher at 24,323.85, and the S&P BSE Sensex ended 53.07 points, or 0.1%, lower at 79,996.60.

Analysts expect equities to consolidate at higher levels after achieving the five-week winning streak. Despite a positive outlook, they expect the index to continue consolidation. They further suggested traders concentrate on stock selection and trade management.

The Bank Nifty opened at a gap down and was under pressure on Friday due to HDFC Bank. Analysts expect the index to consolidate in the 52,000-53,000 band until a breakout offers a direction to the index.

The GIFT Nifty was trading 23.5 points or 0.1% lower at 24,384.50 as of 07:18 a.m.

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Titan Co.: The company's jewellery business grew 9% year-on-year, the watches and wearables business rose 15% year-on-year, the eyecare business grew 3%, the Carat Lane business grew 18%, emerging businesses rose 4%, and the TCL business grew 9% for the end of Q1 FY25.
Tata Steel: The company's India crude steel production saw a 5% year-on-year jump at 5.25 million tonne in the first quarter of this fiscal. However, the production was lower sequentially due to planned maintenance shutdowns. Tata Steel Ltd.'s Indian deliveries grew 3% year-on-year to 4.94 million tonne, which according to an exchange filing on Saturday is the best-ever first-quarter sales.
Power Grid Corporation Of India: The company will borrow funds up to Rs 16,000 crore funds during FY26 through various sources, including domestic bonds.
La Opala RG: The manufacturer of Opal Glassware in India has announced the temporary halt of operations at its Madhupur Opal Glass Plant in Jharkhand, starting from July 7. The decision was taken due to the aging infrastructure of the plant, outdated machinery, and obsolete semi-automatic technology
Dabur India: The company saw sequential improvement in demand trends with rural growth picking up, consolidated revenue expected to register mid to high single-digit growth, India business expected to record mid-single digit volume growth. In India business, HPC and healthcare segment expected to grow in high-single digits, gross margin likely to witness some expansion, and operating profit expected to grow marginally ahead of revenue for the end of Q1 FY24.
Kalpataru Projects International: Kurukshetra Expressway was served with a debt recovery application worth Rs 753 crore over termination payment from the National Highways Authority of India. The application was filed by the Bank of Baroda and other lenders. Since Kalpataru Projects International is the sponsor of Kurukshetra Expressway, it has been made a party of the application.
Marico: The company’s international business delivered double-digit constant currency growth. Consolidated revenue grew in high single digits, and operating profit is expected to grow slightly ahead of revenue. Gross margin is expected to expand on a year-on-year basis, and it forecasts consolidated revenue growth to trend upwards during the year for the end of Q1 FY25.
Adani Wilmar: The company saw volume growth of 13% year-on-year, and branded exports volume grew 36%, food and FMCG business volume grew 23% after normalisation.
IndusInd Bank: The company reported net advances up 16% year-on-year at Rs 3.48 lakh crore, deposits up 15% year-on-year at Rs 3.98 lakh crore, CASA ratio at 36.7% vs 37.9% QoQ.
Tata Motors: The company reported JLR wholesales were up 5% year-on-year at 97,775 units, and JLR retail sales up 9% at 1.11 lakh units, for the end of Q1 FY25.