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Stock Radar: Adani Ports, Ashoka Buildcon, Ahluwalia Contracts, M&M, TVS Motor in focus on Monday

Auto stocks will be in focus on Monday as companies announced their monthly sales numbers.

June 03, 2024 / 00:57 IST
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Here's a quick look at which stocks will be in focus in trade on Monday, from significant investments and major deals to monthly auto sales volumes announced over the weekend:

Monthly Sales Volumes Announced on June 1

Maruti Suzuki India sales in May (YoY)

Total sales down 2% at 1.74 lakh units Vs 1.78 lakh units

Total domestic sales rise 3.7% to 1.57 lakh units Vs 1.51 lakh units

Domestic passenger vehicle sales up 0.2% at 1.44 lakh units Vs 1.43 lakh units

Total exports drop 34.4% to 17,367 units Vs 26,477 units

Total production increases 7.2% to 1.93 lakh units Vs 1.80 lakh units

Maruti reduced prices of its auto gear shift variants across its models by Rs 5,000 per unit effective June 1

Tata Motors sales in May (YoY)

Total sales grow 2.4% to 76,766 units Vs 74,973 units

Domestic sales up 2% at 75,173 units Vs 73,448 units

Commercial vehicle sales rise 2% to 29,691 units Vs 28,989 units

Passenger vehicle sales up 2% at 47,075 units Vs 45,984 units

Mahindra and Mahindra sales in May (YoY)

Total sales volumes grow 16.7% to 71,682 units Vs 61,415 units

Passenger vehicle sales up 31% at 43,218 units Vs 32,886 units

Tractor sales increase 9% to 37,109 units Vs 34,126 units

Tractor exports grow 85% to 1,872 units Vs 1,013 units

TVS Motor Company sales in May (YoY)

Total sales grow 12% to 3.70 lakh units Vs 3.30 lakh units

2-wheelers sales up 13% at 3.59 lakh units Vs 3.19 lakh units

Electric vehicle sales increase 4% to 18,674 units Vs 17,953 units

Exports jump 27% to 96,966 units Vs 76,607 units

3-wheeler sales down 8.8% at 10,324 units Vs 11,314 units

Hero MotoCorp sales in May (YoY)

Sales volume falls 4.1% to 4.98 lakh units Vs 5.19 lakh units

Domestic sales declines 5.7% to 4.79 lakh units Vs 5.08 lakh units

Exports grow 67.3% to 18,673 units Vs 11,165 units

Escorts Kubota sales in May (YoY)

Tractor sales drop 6.1% to 8,612 units Vs 9,167 units

Domestic tractor sales down 5.4% to 8,232 units Vs 8,704 units

Eicher Motors sales in May (YoY)

Royal Enfield sales down 8% at 71,010 units Vs 77,461 units

International Business (Royal Enfield) sales grow 12% to 7,479 units Vs 6,666 units

Total VECV sales up 9.7% at 6,901 units Vs 6,289 units

SML Isuzu sales in May (YoY)

Sales up 21.2% at 1,563 units Vs 1,290 units

Passenger vehicles grow 19.3% to 1,245 units Vs 1,044 units

Atul Auto sales in May (YoY)

Total sales up 112% at 2,331 units Vs 1,101 units

VST Tillers sales in May (YoY)

Power tillers & tractors sales down 34.1% to 2,474 units Vs 3,756 units

Stocks To Watch

Coal India

Coal production in May grew by 7.5% year-on-year to 64.4 million tonnes, and offtake increased by 7.2% year-on-year to 68.2 million tonnes.

MOIL

The manganese-ore mining company has increased prices of all ferro grades of manganese ore with manganese content of Mn-44% and above by 35%. It also hiked prices of all other ferro grades with manganese content below Mn-44% by 30%. Furthermore, it increased prices of all SGMR, fines, and chemical grades by 30%, effective from June 1.

Adani Ports and Special Economic Zone

Adani International Ports Holdings Pte (AIPH), a wholly owned subsidiary of Adani Ports, has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port, Tanzania. The Adani Ports-led consortium will acquire the project company in Tanzania, which houses all port handling equipment and employees, for $39.5 million. Container Terminal 2 has a capacity of 1 million TEUs and handles approximately 83% of Tanzania’s container volume.

Ashoka Buildcon

The company has emerged as the lowest bidder for two projects worth Rs 2,153 crore from the Maharashtra State Road Development Corporation.

Ahluwalia Contracts

The company has received a contract worth Rs 2,157 crore from India Jewellery Park, Mumbai. The contract involves design, engineering, procurement, and construction (EPC) for the construction and development of Gems & Jewellery Park in Mahape, Navi Mumbai. It also bagged a contract worth Rs 88.15 crore from Daffodil Hotel.

NMDC

The company announced total iron ore production at 2.34 million tonnes in May 2024, down 37% from 3.71 million tonnes in the year-ago period. Iron ore sales fell 22% YoY to 2.82 million tonnes.

Poonawalla Fincorp

The NBFC company has achieved a milestone of gross NPA below 1% and net NPA below 0.5% as of May 31, 2024.

Oil and Natural Gas Corporation

The state-owned oil & gas exploration company said K C Ramesh ceased to be Chief Financial Officer with effect from June 1, due to superannuation.

Puravankara

The real estate developer, through its subsidiary Purva Oak, has acquired 12.75 acres of land in Thane. The land has an estimated potential carpet area of 18.20 lakh square feet and a potential gross development value (GDV) of Rs 4,000 crore over the project lifecycle.

Moschip Technologies

The Hyderabad-headquartered company has secured a Rs 509.37 crore contract from the Centre for Development of Advanced Computing (CDAC). The contract includes the design, development, and delivery of an HPC SoC based on 5nm technology.

Shriram Finance

The board has approved the re-appointment of Umesh Revankar as Executive Vice Chairman of the company for 5 years, with effect from October 26, 2024, to October 25, 2029. Further, the board approved the elevation and re-designation of Parag Sharma as Managing Director & CFO of the company, with effect from June 1, 2024. Parag Sharma was Joint Managing Director & Chief Financial Officer of the company.

Endurance Technologies

Subsidiary Endurance Overseas Srl, Italy, has acquired a 100% stake in Italy-based Ingenia Automation Srl for 3.6 million euros. Ingenia operates in the design, production, and installation of industrial automation systems.

BSE

The country's oldest stock exchange has completed the acquisition of S&P Dow Jones Indices’ entire equity stake in Asia Index (AIPL), making AIPL a wholly-owned subsidiary of BSE. AIPL will continue to provide its services to clients who are subscribed to AIPL’s indices/data products. AIPL was a joint venture between S&P DJI and BSE and is best known for calculating and maintaining the popular index Sensex.

REC

The state-run company has received approval from the board for raising funds up to Rs 1.45 lakh crore through the private placement of non-convertible debentures. Further, the board has approved the appointment of Harsh Baweja as Director (Finance) (as Additional Director) and Chief Financial Officer of the company, with effect from May 14, 2024.

Canara Bank

The bank has received approval for initiating the process of diluting a 14.50% stake in its subsidiary Canara HSBC Life Insurance Company by listing it on stock exchanges through an initial public offer (IPO). This will be subject to the approval of the Reserve Bank of India and the Government of India.

PNC Infratech

Subsidiary PNC Kanpur Highways has received Rs 390.62 crore from NHAI. This is part of the Settlement Agreement executed by the National Highways Authority of India and PNC Kanpur Highways due to a one-time settlement under the Vivad Se Vishwas II Scheme of the Government of India.

Rossari Biotech

The company has incorporated its wholly-owned subsidiary Rossari Global DMCC in Dubai. DMCC is the Dubai Multi Commodities Centre.

Punjab National Bank

The public sector lender has increased its marginal cost of funds-based lending rate by 5 bps on 3-month to 3-year tenures, with effect from June 1.

Indian Bank

The state-run bank has raised its marginal cost of funds-based lending rate by 5 bps on its 3-month to 1-year tenures, with effect from June 3.

Vilas Transcore

The company will make its debut on the NSE Emerge on June 3. The issue price has been fixed at Rs 147 per share. Its equity shares will be available in the Trade-for-Trade Surveillance Segment.

Cartrade Tech

Foreign investor CMDB II sold 18,76,059 equity shares (equivalent to 4% of paid-up equity) in the company at an average price of Rs 900 per share. However, TT Emerging Markets Unconstrained Fund bought 5,46,012 equity shares (equivalent to 1.16% of paid-up equity) in Cartrade at the same price.

Sunil Shankar Matkar
first published: Jun 2, 2024 10:14 pm

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