Stocks in Focus Today : Today i.e. on 2 September 2024, some stocks (stocks in news) are ready to show action. Due to positive triggers, these stocks can remain in focus in the market today (stocks to watch). If you are looking for better stocks in intraday, then you can keep an eye on these (Stocks in Focus). Today’s list includes stocks like Maruti Suzuki, Tata Motors, Tata Consumer Products, IOC, PVR Inox, Eicher Motors, NBCC, Jio Finance, TVS Motor, GSPL, Gujarat Gas, Gujarat State Petronet, Adani Energy Solutions, Century Textiles, NTPC, Oil India, MOIL, HPCL, SJVN, NHPC, RailTel, Biocon, HDFC AMC, DCM Shriram.
Maruti Suzuki
Maruti Suzuki India’s total sales in August fell by 4 percent to 1,81,782 units. The company had sold 1,89,082 vehicles in the same month last year. Total passenger vehicle wholesales in the domestic market in August fell by 8 percent to 1,43,075 units as against 1,56,114 units in the same month last year. Sales of small cars like Alto and S-Preso declined to 10,648 units in August as against 12,209 units in the same month a year ago.
Tata Motors
Tata Motors’ total wholesale sales declined by 8 per cent to 71,693 units in August. Tata Motors said in a statement that the company had sold 78,010 vehicles in the same month a year ago. Last month, the company’s total domestic sales declined by 8 per cent to 70,006 units, from 76,261 units in the month of August a year ago. Total passenger vehicle sales in the domestic market, including electric vehicles, declined by 3 per cent to 44,142 units, as against 45,513 units in the same month a year ago.
Tata Consumer Products
Tata Consumer Products Limited, an FMCG company manufacturing everyday household items, has merged its three wholly-owned subsidiaries after receiving NCLT and other regulatory approvals. According to a statement from the FMCG unit of the Tata Group, TCPL has merged its wholly-owned subsidiaries – Tata Consumer Soulful Private Limited, Nourishco Beverages Limited and Tata Smartfoods Limited – into the company.
IOC
V Satish Kumar took over as the chairman of the country’s largest oil company Indian Oil Corporation (IOC). After the delay in getting a full-time chairman for IOC, Kumar, Director (Marketing) in the company, was given additional charge of chairman. He will also work as chairman while continuing his role as Director (Marketing). He replaced Srikant Madhav Vaidya, whose term ended on the last day of August.
PVR Inox
PVR Inox, which runs cinemas, plans to close 70 loss-making screens in the financial year 2024-25. In its latest annual report, the company will also take steps to monetize non-core real estate assets in key locations like Mumbai, Pune and Vadodara. The company will also add 120 new screens in the financial year 2024-25. It is looking for opportunities where there are good growth prospects. About 40 percent of the new screens will be opened in South India.
NBCC
Public sector NBCC (India) Limited said that the board has approved the issuance of bonus shares in the ratio of 1:2 to eligible shareholders. The company will use free reserves of Rs 90 crore for this. NBCC told the stock market that the board has approved the issuance of bonus shares and fixing the record date. For this, approval of shareholders has to be taken in the upcoming annual general meeting. The board has fixed October 7, 2024 as the record date.
