Stocks to Watch: HDFC, JSW Energy, PTC India, Adani Green, Tata Motors


Here is a list of the top 10 stocks that will be in focus today:

HDFC Ltd: Life Insurance Corporation of India (LIC), the country’s largest insurer, has raised its stake in HDFC Ltd to over 5 percent after buying shares in the open market. LIC bought 1.2 lakh shares from the open market raising its stake in the company to 5,003 percent, mortgage lender HDFC Ltd said in a regulatory filing on Monday.

JSW Energy: JSW Energy on Monday said its arm JSW ReNew Energy has commissioned a 27 MW wind power generation capacity at Tuticorin in Tamil Nadu as part of the first phase of its 450 MW wind project. “JSW Renew Energy Two Ltd, a spin-off subsidiary of JSW Energy, has commenced commissioning of a 450 MW ISTS-connected wind power project at Tuticorin in Tamil Nadu awarded under SECI (Solar Energy Corporation of India) Part X. 27 MW of the first phase of “, stated a BSE file.

PTC India: PTC India Financial Services (PFS) Ltd reported net profit on Monday 103.22 crore against H1FY23 98.07 crore for H1FY22. The results came after trading in its shares was halted due to a delay in quarterly earnings announcements by exchanges. The controversy-plagued company came into the limelight earlier this year when three of its directors resigned citing alleged misgovernance, while SEBI banned the company’s board meetings leading to a delay in its quarterly results.

Adani Green: Adani Green Energy Ltd (AGEL), the renewables arm of the Adani Group, on Monday announced the commissioning of its third hybrid power plant in Rajasthan with a capacity to generate 450 megawatts (MW). With this hybrid plant, Adani Green Energy has the largest hybrid power generation capacity of 1,440 MW. This project has 420 MW of solar power plants and 105 MW of wind power.

Tata Motors: Tata Motors plans to hike prices of passenger vehicles from next month to bring its model range in line with stricter emission norms that will start from April 1 next year, according to a senior company official. Interacting with PTI, Tata Motors Managing Director – Passenger Vehicles and Electric Vehicles Shailesh Chandra said the price revision would also offset the impact of commodity prices, which remained stagnant for most of the year.

Bharti Airtel: Bharti Airtel Ltd and Meta Platforms Inc. will jointly invest to expand parent Facebook’s undersea cable infrastructure to India and integrate WhatsApp as a communications platform as a service (CPaaS) offering for businesses by the Indian telecom operator. Airtel will partner with Meta and Saudi Telecom to expand 2Africa Pearls, Meta’s undersea cable connecting Africa, Europe and Asia, to India, Bharti and Meta said on Monday.

Sun Pharma: The Delhi HC in its order has upheld its earlier November order imposing fine 10 lakhs against Sun Pharmaceutical Industries for concealment of facts in a trademark account. According to the order, a stay has been granted until March 27, 2023, when the case will be heard by the court. On November 22, the Delhi High Court in its order imposed the sentence 10 lakhs to Sun Pharmaceutical Industries for concealment of facts to obtain an ex-parte order in its trademark affair with DWD Pharmaceuticals.

Manappuram Finance: Manappuram Finance, which is preparing the contours of succession planning, will announce the names of potential candidates in the next quarter, said Managing Director and CEO Nandakumar. With a market share of 16%, Thrissur-based Manappuram Finance is the second largest gold finance NBFC in the country after Muthoot Finance, which manages assets. 19,190 crore and a gold loan customer base of 2.5 crore.

Hatsun Agro Products: Hatsun Agro Product Ltd is a large capitalization company 20,759.83 Cr and the company operates in the Fast Moving Consumer Goods (FMCG) sector. The company has declared 400 Cr rights issue and registration date has been fixed for this purpose to determine the eligibility of shareholders. Shares of Hatsun Agro Product Ltd closed today on the NSE 963.00 each, up 1.85% from the previous close 945.55.

The Vodafone Idea: After shareholders of debt-ridden Vodafone Idea Limited (VIL) agreed to issue shares worth Rs. 1.6 billion last month, mobile tower company American Tower Corporation (ATC) on Monday expressed doubts over Vodafone Idea’s plans to pay back dues for January. In November, VIL had issued approved issue shares to ATC Telecom Infrastructure, the company’s Indian arm, on priority basis for settlement of dues, converting the due amount into equity if the amount remains unpaid for 18 months.


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