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Domestic equities markets are expected to be quiet on the first trading day of the calendar year 2023, reflecting Wall Street’s lacklustre mood. Main US indices dipped up to 0.25 percent last Friday, December 30, owing to recession fears, the Russia-Ukraine conflict, and growing concerns about Covid-19 instances in China.
Japan, China, Hong Kong, the United Kingdom, and the United States all closed their markets today, but South Korea’s Kospi was up 0.9% in early trade. Meanwhile, the SGX Nifty was down 40 points at 7:25 a.m.
Here is a list of equities to watch on Monday, January 2:
Tata Consultancy Services: TCS’ board meeting is set for January 9, 2023, to evaluate and approve the Company’s audited standalone financial statements for the quarter and nine-month period ended December 31, 2022. It will also consider paying the third interim dividend to equity stockholders.
Maruti Suzuki: Maruti Suzuki India Ltd reported a 9% drop in total wholesales to 1,39,347 units in December 2022 compared to the previous year. In the same month in 2021, the company sold a total of 1,53,149 units.
Eicher Motors: The company’s motorcycle sales declined 7% year on year to 68,400 units last month, compared to 73,739 motorcycles delivered in December 2021.
Tata Motors: The company recorded a 10% YoY rise in domestic December sales to 72,997 units, up from 66,307 units sold the previous year. Sales increased by 17.7 percent to 223,001 units during the quarter. Passenger vehicle sales increased by 64% year on year, while commercial vehicle sales decreased by 0.6%.
Meanwhile, the Sanand plant agreement will be completed on January 10, 2023 by Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors Limited, and Ford India Private Limited (FIPL). On August 7, 2022, TPEML inked a unit transfer agreement to purchase Ford’s manufacturing facility in Sanand, Gujarat.
JSW Group stocks: According to a top JSW Group official, the Sajjan Jindal-led conglomerate is mulling a venture into electric vehicle manufacturing.
Coal India: Coal India’s overall production in December grew 10.3 percent to 66.4 million tonne, up from 60.2 MT the previous year. So far this fiscal year (FY23), the company’s output has climbed by about 16% over last year. Meanwhile, sales for the prior month increased by 3.6% year on year to 62.7 MT vs. 60.6 MT.
HG Infra Engineering: Delhi Metro Rail Corporation Limited has declared HG Infra Engineering Limited as the lowest bidder for a project costing Rs 399 crore.
Plastiblends: For the nine months ending December 31, 2022, the company earned its highest ever Revenue from Operations of Rs 570 crore. Revenue for the October-December quarter was Rs 186 crore.
MOIL: MOIL has broken a multi-year record with the biggest December output of 141,321 tonnes in December 2022. Production has also increased by 18% since November 2022. Sales for the month totaled 1,64,235 tonnes, representing a 91% increase over November 2022.
Navkar Corporation: Western Railway has approved the commissioning of Navkar Corporation Limited’s Gati-Shakti-Multi-Modal Cargo Terminal, which would depart from Wadharwa (NCLW) on the Ahmedabad division.
RITES: RITES Ltd signed an agreement with KIIFCON, a consultant organisation under the Kerala Infrastructure Investment Fund Board (KIIFB), to jointly investigate, identify, secure, and execute consultancy projects.
Shriram Finance: CRISIL Ratings Limited (CRISIL Ratings) has confirmed CRISIL AA+ rating for the company’s long-term debt and CRISIL A+ rating for its short-term debt instruments in the new name, Shriram Finance Limited (Formerly known as Shriram Transport Finance Company Limited).
Punjab Sind Bank: The bank’s board of directors has approved a capital raising of up to Rs 250 crore over a 12-month period.