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 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.
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.
The company has emerged as the lowest bidder for two projects worth Rs 2,153 crore from the Maharashtra State Road Development Corporation.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The company has incorporated its wholly-owned subsidiary Rossari Global DMCC in Dubai. DMCC is the Dubai Multi Commodities Centre.
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.
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.
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.
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