Stocks to Watch Today: Bank of India, Tata Motors, GRSE, HCLTech, Glottis
Bank of India, Tata Motors Ltd. and Garden Reach Shipbuilders & Engineers Ltd. are some of the stocks that will catch investor’s attention on Monday. Shares of Glottis Ltd. and Fabtech Technologies Ltd. will also be in focus as they list on the exchanges.
Bank of India’s Business Update
Bank of India announced its year-on-year business update on September 30. The company’s domestic deposits were up 8.5% at Rs 7.3 lakh crore. Global gross advances increased 13.9% at Rs 7.1 lakh crore. Global deposits saw an uptick of 10% at Rs 8.5 lakh crore. Global business grew 11.8% at Rs 15.6 lakh crore. Bank of India’s stock price is expected to react to this update.
Tata Motors’ Sales Update
Tata Motors gave business updates on the sales of its compact SUV vehicle Curvv. Domestic Sales of Curvv went down 35.8% at 5,274 units. Production Volume of Curvv was down 39.8% at 5,289 Units. This update is likely to impact Tata Motors’ stock price.
Metropolis Health’s Q2 Results
Metropolis Health’s second quarter consolidated revenue was up 23% (YoY). Its core diagnostics were at the high single-digit margin in the second quarter. On a consolidated basis, the company is debt free and has a net cash surplus of Rs. 55 crore. Metropolis Health’s stock price may react to these Q2 results.
PNC Infratech’s Project Updates
PNC Infratech received the appointment date for two of its projects from National Highways Authority of India. This update is expected to positively impact PNC Infratech’s stock price.
HCL Technologies’ Collaboration with MIT
HCL Technologies joined the US-based MIT media lab to collaborate on AI research. This collaboration is likely to enhance HCL Technologies’ stock price.
Garden Reach Shipbuilders & Engineers’ Leadership Update
The government appointed Niranjan Mukund Bhalereo as director (finance) and chief financial officer of Garden Reach Shipbuilders & Engineers. This update may impact Garden Reach Shipbuilders & Engineers’ stock price.
Zydus Lifesciences’ Approval from Health Canada
Zydus Lifesciences got approval from Health Canada for Liothyronine tablets, which are used for treating hypothyroidism. This approval is expected to positively impact Zydus Lifesciences’ stock price.
Brigade Enterprises’ Joint Development Pact
Brigade Enterprises signed a joint development pact for premium residential projects in Chennai. The project has an estimated gross development value of Rs.1,000 crore. This update may impact Brigade Enterprises’ stock price.
Glottis and Fabtech Technologies’ Listing
Glottis’ shares will debut on the stock exchange on Tuesday at an issue price of Rs 129 apiece. The public issue was subscribed to 2.05 times on day 3. Fabtech Technologies’ shares will also debut on the stock exchange on Tuesday at an issue price of Rs 191 apiece. The public issue was subscribed to 2.03 times on day 3. Glottis’ stock price and Fabtech Technologies’ stock price are expected to be in focus on their listing day.
Investors can stay updated on the Indian stock market news and Nifty today to make informed investment decisions.
