Hero MotoCorp., Lupin Ltd. and Coal India Ltd. are some stocks that will be on the radar on Monday.
Hero MotoCorp and Eicher Motors announced their January sales data, while Coal India and MOIL its monthly business update. Happient Minds Technologies Ltd. is set to consolidate business in Middle East an new acquisition.
Shares of Great Easter Shipping Co., Godrej Consumer Projects Ltd., Jubilant Ingrevia Ltd. and Mahanagar Gas Ltd. will trade ex-interim dividend.
Stocks To Watch
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Hero MotoCorp: January total two-wheeler sales rose 2.13% to 4.42 lakh units compared to 4.33 lakh units last year. Exports increased to 30,495 units versus 12,664 units.
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Lupin: Lupin announced closure of inspection by USFDA at its Somerset Facility with no observations.
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Coal India: Production in January fell 0.8% against the year ago figure at 77.8 million tonnes, while total sales went up 2.2% at 68.6 million tonnes.
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Eicher Motors: Total motorcycle sales up 20% in January at 91,132 units, against an estimate of 87,000 units, while international business sales grew 79% at 10,080 units against the year ago figure.
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MOIL: January Manganese ore production was at 1.6 lakh tonnes. Sales during the month went up 17% against the year ago figure at 1.57 lakh tonnes. The company revised price of different grades of Manganese Ore and other products between 3.5% and 8.2% for the month of February, effective Feb. 1.
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Globus Spirits: Net selling value per unit of regular and others brands in Rajasthan increased by 4.35% effective April 1, after the state’s recently announced excise policy.
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Quess Corp: The company received a GST demand of Rs 111 crore for FY20 to FY23. Allegations include passing on input tax credit to insurance companies without supply on manpower services.
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Happient Minds Technologies: The company signed a deal with Gavs Technologies to buy 100% stake of their Middle East business to acquire existing customer relations, contracts & consolidate company’s business in Middle East. The acquisition is expected to be completed by March 15, 2025 for a consideration of $1.7 million.
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Vinati Organics: The company’s board approved incorporation of its US-based subsidiary to expand its business operations offshores.
Stocks Going Ex-Date
Interim dividend: Great Easter Shipping (Rs 8.1), Godrej Consumer Projects (Rs 5), Jubilant Ingrevia (Rs 2.5), Mahanagar Gas (Rs 12), Share India Securities (Rs 0.2), and Siyaram Silk Mills (Rs 3).
. Read more on Markets by NDTV Profit.Shares of Great Easter Shipping Co., Godrej Consumer Projects Ltd., Jubilant Ingrevia Ltd. and Mahanagar Gas Ltd. will trade ex-interim dividend. Read MoreMarkets, Business, Notifications
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