Auto stocks are expected to be in the spotlight.
PayTm, RIL, DMart, NTPC, Zomato, auto, real estate, and airlines are some of the stocks to watch.
Due to weak international cues, the key benchmark indices are likely to open on a sour note. Given the recent news flow in these industries, auto, airline, and real estate stocks are likely to be in focus. The SGX Nifty January futures were quoted at 17,412 at 08:05 a.m., compared to the actual Nifty closing of 17,354 on Friday. In the meanwhile, these are the stocks to watch on Monday.
IRDAI has rejected Paytm Insuretech's planned acquisition of general insurance business RahejaQBE. The deal's rejection may jeopardize the intentions of several domestic and multinational insurance companies, including Swiss Re, to extend their position in India's fast-growing general insurance market.
DMart: Avenue Supermarts, DMart's parent company, has notified the BSE that its standalone revenue from operations for the quarter ending December 2021 increased by 22%.
Residential real estate sales are expected to rise 30-35 percent to around 190-200 MSF in fiscal 2022, after falling 17-22 percent in fiscal 2021, according to CRISIL. It should be higher than the 170-180 MSF pre-Covid-19 levels.
Airline stocks will be in focus, as numerous states have announced further bans and travel-related restrictions in response to an increase in Coivd-19 cases. From January 5, the West Bengal government has limited flights between Mumbai and Delhi to twice a week.
Colgate: Following Hindustan Unilever's lead, distributors have decided to phase out the supply of Colgate Palmolive India (Colgate India) products in Maharashtra beginning January 1 due to price disparities between the traditional trade and the organized channel, which includes players such as Jiomart, Metro Cash & Carry, and commerce B2B companies such as Udaan and Elastic Run.
Zomato: On New Year's Eve (NYE), food delivery services Swiggy and Zomato reported a surge in orders, with cities such as Delhi, Mumbai, Bengaluru, and Chennai putting a stop to celebrations in the wake of the new Covid version. Around 9 p.m. on Friday, both food tech unicorns announced that they had surpassed 2 million orders for the day. According to Founder and CEO Deepinder Goyal, Zomato had 6,000 orders per minute at around 7 p.m. on Friday, its biggest ever, and it expected the number to rise even higher and peak at 8:30 p.m.
Reliance New Energy Solar (RNESL), a subsidiary of Reliance Industries, has inked a definitive deal to buy 100 percent ownership in Faradion Limited in the United Kingdom for GBP 100 million. Faradic is a global leader in battery technology, with a competitively superior, strategic, far-reaching, and broad IP portfolio spanning numerous elements of sodium-ion batteries.
Brokerages are hopeful about a demand and price rebound in the domestic cement sector in the coming months, given the start of a busy construction season. Brokerages expect the domestic cement industry's capacity and current utilization levels to rise in the next years. We expect utilisations will continue to climb in the future, given the robust demand prognosis of 9% CAGR over FY22-24 and constrained supply growth of roughly 13% over FY22-24, according to JM Financial's study.
NTPC: According to a senior official, the state-run power giant NTPC is considering buying a 5% equity position in the Power Exchange of India (PXIL), which offers several electricity trading alternatives. Since 2008, PXIL has been providing various energy trading options and connecting buyers and sellers as India's first institutionally sponsored power exchange.
Eicher Motors: In December 2021, the carmaker recorded a consistent 7% increase in monthly sales, owing to a strong increase in exports. In the previous month, the company sold 73,739 units, compared to 68,995 units in December 2020. Exports increased by 144% to 8,552 units, up from 3,503 units in the previous quarter.
Maruti Suzuki: The carmaker recorded a 4.4 percent reduction in monthly sales in December 2021, with 153,149 units sold compared to 160,226 in December 2020. Exports, on the other hand, more than doubled from 9,938 units to 22,280 units in the same time period.
Tata Motors: In December 2021, the company's domestic sales increased by 24%, from 53,430 units in December 2020 to 66,307 units in December 2021. Exports increased by a smidgeon of 5% to 3,143 units.
Hero MotoCorp: In December 2021, the two-wheeler manufacturer recorded a steep 11.8 percent YoY reduction in sales, with 394,773 units sold compared to 447,335 units sold in December 2020.
TVS Motors: In December 2021, the business reported a 7.8% YoY reduction in two-wheeler sales, with 250,933 units sold compared to 272,084 units sold in December 2020.
Natco Pharma: The drugmaker has finalized the $18 million acquisition of New Jersey-based Dash Pharmaceuticals. For the year 2021, the latter is estimated to generate $15 million in a sale.