Monday’s trading session is expected to start on a positive note, with the Nifty futures on the Singapore Exchange signalling gains. Investors will be keeping a close eye on shares of several major companies today.
Titan Company – The Tata group firm reported a 22% year-on-year rise in revenue for the December quarter. Growth was led by its jewellery division, which saw domestic sales increase by 21%. The festive season provided a boost. Investors will look for management commentary on sustainable growth prospects.
Bajaj Auto – The two-wheeler major will consider a share buyback proposal at its board meeting today. Buybacks typically improve earnings per share and return surplus cash to shareholders. However, they also reflect limited expansion opportunities. Investors will watch for details on the buyback size and company growth outlook.
Tata Steel – Crude steel production at Tata Steel India rose 6% year-on-year in the December quarter to 5.32 million tonnes. This indicates a pickup in manufacturing activity and demand. Investors will look for growth plans, especially expansion of high-margin segments.
Nykaa – The cosmetics-to-fashion retailer expects strong growth in the December quarter. Estimates include a 25% growth in GMV of beauty and personal care, a 30% rise in fashion GMV and a 20-25% jump in consolidated revenue. The festive season, new launches and marketing boost are driving growth.
Godrej Consumer – The FMCG company expects mid-single-digit volume growth in the December quarter on a consolidated basis. Its soap brands and acquired businesses like Park Avenue performed well. Investors will watch for progress in the core homecare and haircare segments.
Adani Wilmar – The edible oil major saw sales decline 15% year-on-year in the December quarter. However, volume growth was 6%. Muted sales indicate price reductions amid falling input costs. Investors will watch for volume growth trends and cost optimization.
Marico – The FMCG firm expects low single-digit domestic volume growth in the December quarter. Operating profit likely grew in double-digits. Value-added hair oils, Saffola edible oils and premium personal care drove growth. Margin improvement is key in the inflationary environment.
TVS Motor – The two-wheeler maker signed an MoU with Tamil Nadu to invest Rs 5,000 crore over five years. This will expand the EV plant in the state and create 500 jobs. TVS aims to grow its EV portfolio amid increasing adoption. The impact on financials will be watched.
Narayana Hrudayalaya – The hospital chain’s subsidiary got IRDAI approval for starting a health insurance business. This will complement the core hospital services and tap rising insurance demand. Execution of insurance plans will be monitored.
Federal Bank – The RBI has asked the private lender to reconsider its proposed CEO appointment. It wants more candidate choices. This raises uncertainty over the Federal Bank’s future leadership. Impact on strategic decision making will be watched.
At last, stock-specific action will continue amid corporate earnings announcements. Auto, FMCG, healthcare and metal stocks will be in focus today. Global cues and FII flows will also be watched. Volatility cannot be ruled out amid the ongoing Q3 results season. Investors should watch for management commentary and growth outlook while making investment decisions.