Stocks to Watch Today: Bajaj Auto, Cochin Shipyard, IndiGo and Others

Stocks to Watch Today: The current corrective phase of domestic markets continued, with volatility remaining high and ending marginally lower. Due to a variety of news events and second quarter results, shares of Bajaj Auto, Cochin Shipyard, LTTS, the Central Bank of India, and Rallis India, among others, will be the subject of attention in today’s trading.

Bajaj Auto, LTTS: Shares of LTTS and Bajaj Auto will be closely watched as they both plan to release their second quarter financial results today.

Reliance Industries: Analysts predict sustained pressure on RIL’s oil-to-chemicals division and sluggish performance over the next quarters. Future improvements could come from emerging new energy activities, however.

IndiGo: The company’s venture capital fund, IndiGo Ventures, has been approved by SEBI with the intention of investing in businesses that are pioneering in the aviation and allied areas. IndiGo’s dedication to promoting innovation within its operational environment is shown by this action.

Adani Energy Solutions: For around Rs 38 crore, AESL purchased two project special purpose vehicles from PFC Consulting. The companies developing Gujarat’s electricity transmission networks, Jamnagar Transmission Ltd. and Navinal Transmission Ltd., have 100% equity shares included in this transaction.

PVR Inox: After posting a profit of Rs 166 crore a year earlier, the firm announced its third straight quarterly loss for the quarter ended September 30, with a combined net loss of Rs 11.8 crore. Due to a 25% decline in ticket sales, revenue dropped 19% to Rs 162.2 crore. To increase attendance and profits, the corporation is concentrating on future multi-starrer movies like Bhool Bhulaiyaa 3 and Singham Again. PVR Inox plans to eliminate 42 failing displays but hopes to install 110–120 screens by March 2025.

Mastek: US-based Capital Group sold a 1.7% share for more over Rs 148 crore, bringing its total ownership to 6.24%.

Cochin Shipyard: At a minimum price of Rs. 1,540, the Indian government intends to sell a 5% share in Cochin Shipyard, making the holding worth around Rs. 2,026 crore. On October 16 for non-retail investors, and on October 17 for retail investors, the sale begins.

Vodafone Idea: Aditya Birla Group Chairman Kumar Mangalam Birla voiced confidence in the business’s recovery after the company raised funds recently. This enabled Vodafone Idea to start a $3.6 billion capital expenditure cycle with international partners. Birla thinks VIL has a great opportunity to contribute significantly to India’s digital future, provided the government continues to support it.

Tata Motors: Strong demand for the Range Rover and Defender models helped Jaguar Land Rover post a 36% year-over-year growth in retail sales for the first half of the fiscal year. The business anticipates keeping this momentum going into the holiday season.

HDFC Life: The firm recorded a 17.1% growth in the value of new business (VNB) to Rs 938 crore and a 14.85% increase in net profit to Rs 433 crore for the second quarter of FY2024–25. The company’s VNB margin decreased little to 24.3%, while their new business premiums increased by 14.03 percent year over year. To increase its solvency ratio, the business issued non-convertible debentures for Rs 1,000 crore.

Bank of Maharashtra: Driven by a 15.41% rise in net interest revenue, BoM’s net profit jumped by 44.24 percent YoY to Rs 1,327 crore in Q2 FY25. The bank hopes to surpass Rs 5,000 crore in net profit for FY25, and its asset quality has improved.

Birla Aditya Sun Life Asset Management Company: With the goal of significantly expanding the alternatives market, ABSL AMC is introducing new private credit funds. The business expects private credit to increase significantly since it sees big potential in this area.

Ola Electric: In spite of recent criticism from the Automotive Research Association of India (ARAI), the business is keeping the basic pricing of its S1 X 2 kWh model and is providing festive discounts on it. According to Vahan statistics from the Ministry of Road Transport and Highways (MoRTH), the firm recorded a spike in sales, with daily average sales reaching 1,154 units in October.

Central Bank of India: The purchase of shares in Future Generali India Life Insurance and Future Generali India Insurance by the Central Bank of India via an insolvency resolution plan has been authorized by the Competition Commission of India.