Stocks To Watch Today: NMDC, Tata Motors, NTPC, Mazagon Dock, Maruti Suzuki
Tata Motors Ltd., NMDC Ltd., NTPC Ltd. and Maruti Suzuki India Ltd. are some of the major stocks that will be on market radar on Thursday after important business updates.
Small lenders like CSB Bank Ltd. and South Indian Bank Ltd. reported their quarterly business updates. Tata Motors and Maruti Suzuki also released their monthly sales figures.
Stocks To Watch
NMDC: The company reported iron ore total sales at 3.91 million tonnes in December, down 6.7% year-on-year. Iron ore total production was at 4.71 MT, up 5.1% year-on-year.
Tata Motors: Its total commercial vehicles sales dipped 1% year-on-year to 33,875 units, while total domestic sales was up 1% to 76,599 units and total passenger vehicle sales rose 1% to 44,289 units.
CSB Bank: The bank's gross advances jumped 26% on a yearly basis to Rs 28,914 crore in the October-December quarter and reported a 22% growth in deposits at Rs 33,406 crore.
Maruti Suzuki India: The company's total production volume rose 30% to 1.57 lakh, passenger cars production volume was up 21% at 78,553 units and total passenger vehicle production volume rose 30% to 1.55 lakh.
South Indian Bank: The bank's gross advances jumped 12% on a yearly basis to Rs 86,965 crore in the October-December quarter and reported a 6.28% growth in deposits at Rs 1.05 lakh. The CASA ratio fell to 31.16% from 31.80% in the year-ago quarter.
Sandur Manganese & Iron Ores: The company received approval for enhancement of permissible annual production limit of iron ore from the present 3.81 MT per annum to 4.36 MTPA in mining from the Central Empowered Committee.
RailTel Corp.: The company received a work order worth Rs 78 crore from Bharat Coking Coal.
NTPC: The company's third quarter power generation saw a growth of 3.82% as compared to the corresponding period in the previous financial year. The company generated 326 billion units of electricity in the October-December period.
DCX Systems: The company received export purchase order worth Rs 19.3 crore from its customer Elta Systems Ltd., Israel for manufacturing and supplying of backplane module assemblies.
Mazagon Dock Shipbuilders: The Defence Ministry approved the extension of additional charge of chairperson and managing director to Sanjeev Singhal.
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