The following are the top ten stocks that will be in the limelight today:
Bharti Airtel: Sunil Bharti Mittal, president of Bharti Airtel, said during the India Mobile Congress that the company’s 5G service will be accessible in eight cities starting Saturday. Bharti Airtel is now the first firm in the country to provide 5G services. “When you (PM) introduce 5G today, Airtel’s 5G will be available in eight cities: Delhi, Mumbai, Varanasi, Bangalore, and others,” Mittal explained.
Tata Consultancy Services (TCS): At a board meeting set on October 10, Tata Consultancy Services (TCS), India’s largest IT company, will discuss a second interim dividend for fiscal year FY23. TCS will also release its financial results for the second quarter and semi-annual periods of FY23. The Tata Group-backed company has also set a recording deadline for assessing whether shareholders are eligible for dividend payments. Seasonal strength and growth in digital services are expected to boost TCS revenue sequentially in the second quarter.
Reliance: Reliance Jio plans to introduce a $184 (15,000 Indian rupees) cheap laptop with an inbuilt 4G SIM card, hoping to mimic the success of its low-cost JioPhone in the price-sensitive Indian market, according to two sources. The Mukesh Ambani-led conglomerate has collaborated with global behemoths Qualcomm and Microsoft on the JioBook, with the former powering its computer chips based on Arm Ltd technology and the latter offering support for select apps.
Eee entertainment: Zee Entertainment Enterprises Ltd (ZEEL) shareholders accepted the eight motions at the company’s Annual General Meeting on Friday. The motion to re-elect its Managing Director Punit Goenka to the board was also adopted with the requisite majority at the 40th AGM. According to a regulatory filing, ZEEL also received permission for a special resolution to re-elect R Gopalan as the company’s independent director.
Suzuki, Maruti: Maruti Suzuki India, the country’s largest carmaker, revealed on Saturday that total wholesale sales more than quadrupled to 1,76,306 vehicles in September. Despite a severe scarcity of electronic components, the business shipped 86,380 units in September 2021. Maruti Suzuki India (MSI) announced in a statement that the company’s domestic sales quadrupled to 154,903 units last month, up from 68,815 units in September 2021.
Indian Coal: Continuing its double-digit production surge from FY23, Coal India Limited (CIL) finished the first half of the current fiscal year with 299 million tonnes of output (MT). Power plant supplies increased substantially to 285.5 MT in the first half of FY23, driven by stronger production and higher demand. CIL has achieved roughly 43% of its fiscal 700 MT production target in six months and plans to complete the remainder in the second half. Typically, the second half of the fiscal year’s CIL production yield is substantially greater than the first half.
Bank of Baroda: Bank of Baroda’s proposed acquisition of a 21% share in IndiaFirst Life Insurance has been approved by the Competition Commission of India (CCI). The transaction included the Bank acquired 21% of the shares of IndiaFirst Life Insurance Company Ltd (IFLIC) from Union Bank of India. The purchase has been authorised, according to an update on CCI’s website.
Tata Engines: Tata Motors said on Saturday that overall domestic sales increased 44% in September to 80,633 vehicles. As of September 2021, the firm had supplied 55,988 units to dealers. The Mumbai-based carmaker announced an 85% increase in total domestic passenger vehicle shipments this month to 47,654 units, up from 25,730 units in September 2021.
Nestle Spain: Nestle India, a major FMCG company, stated on Friday that it is in negotiations with workers at three of its facilities who plan to strike on Sunday in protest of a lack of paid vacation to organise union activities. Nestlé employees at three of its facilities – Nanjangud in Karnataka, Bicholim in Goa, and Tahliwal in Himachal Pradesh – intend to strike on Sunday to protest not receiving paid vacation for organising union activities.
Hero MotoCorp: Hero MotoCorp: Hero MotoCorp reported a 1.95% drop in overall sales to 5,19,980 units in September 2022 on Saturday. Hero MotoCorp said in a statement that it sold 5,30,346 bikes in the same month last year. Domestic sales increased to 507,690 units this month, up from 505,462 units in September 2021. However, shipments were fewer at 12,290 units compared to 24,884 units the previous year, according to the business.