New Delhi: The Sensex on Monday tumbled 638.45 points to 81,050, while the Nifty was down 218.85 points to 24,795.75. Adani Ports NTPC and State Bank of India were the top drags while Mahindra & Mahindra, ITC, and Bharti Airtel were the top gainers. Here are stocks that are likely to remain in focus on Tuesday, October 8, 2024:
Airline stocks: Stocks of IndiGo and SpiceJet are likely be in focus after civil aviation minister K Rammohan Naidu stated that Induas domestic air passenger traffic is likely to reach 300 million by 2030.
Ashok Leyland: The truckmaker started the delivery of its electric lorries to Billion Electric Mobility as part of an agreement to supply 180 trucks.
Clean energy companies: India’s clean energy technology capacity is likely to expand by a significant proportion by 2030, rating agency S&P said in a report.
Heidelberg Cement India: The company’s stock surged 4 per cent on Monday in expectations of a potential deal with Adani Group in which the latter is looking to acquire the German cement giant’s Indian operations in a deal which is likely to be valued at $1.2 billion.
Hero Motors: The company withdrew its Rs2716096, 900 crore IPO documents from SEBI without disclosing any reason, the markets regulator said.
Kalyan Jewellers: The company reported a 39 per cent jump in Q2 revenue led by strong footfalls. Its revenue in the Middle East rose 24 per cent on-year basis.
Oil companies: Shares of oil marketing companies will be in focus as oil prices remain elevated owing to ongoing tensions in the Middle East. Petroleum minister Hardeep S Puri said the government was monitoring the system and expressed confidence in navigating troubled waters.
Ola Electric Mobility: The EV maker’s shares plunged 8 per cent after its CEO Bhavish Agarwal was involved in a social media spat amid multiple complaints about the company’s products on the thread.
Omaxe: The realty giant received relief in a case related to SEBI’s order to ban the company from the securities market. The Securities Appellate Tribunal stayed the order banning the company and its promoters from the securities market for alleged financial representation.
Reliance Industries: The company has urged TRAI to revise a consultation paper on the satellite communication business in India, stating that it had ignored the point about a level playing field between satellite and terrestrial communication services.
Tata Motors: The company’s Jaguar Land Rover division reported a 3 per cent decline in sales in Q2FY25 to 1.03 lakh units from 2.14 lakh units in the year-ago period.
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Stocks in News Today: From Heidelberg Cement India to Tata Motors, here are stocks that are likely to remain in focus on Tuesday, October 8, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
