Stocks to watch on January 8: Berger Paints, Jindal, Ola Electric, M&M, Tata Steel & more

Share this news

On Wednesday, January 8, the domestic equity market is expected to open with slight losses. At 7:56 AM, the GIFT Nifty futures traded at 23,776, up 82 points (0.35%). This indicates the NIFTY50 index may open lower by 20 points.

Globally, Asian stocks showed a downward trend. The strong dollar kept the yen near six-month lows. Investors speculated that the Federal Reserve would be slow to cut rates as the US economy and labor market remained stable. MSCI’s broad index for Asia-Pacific shares, excluding Japan, fell by 0.2%. Japan’s Nikkei dropped by 0.8%. On Wall Street, all three major indexes closed lower as market concerns about rising inflation grew.

Stocks to focus on today include:

Jindal Worldwide: The company announced it would issue four bonus shares for every one share held, enhancing value for its shareholders.
Berger Paints: The company clarified news regarding the potential acquisition of Akzo Nobel’s India stake, stating no material developments on the matter.
Dr. Reddy’s: The company signed an agreement to sell its subsidiary, Dr. Reddy’s Laboratories Louisiana LLC, and its manufacturing facility in Shreveport, USA.
CESC: The company awarded the Letter of Award to its subsidiary, Purvah Green Power, for a wind-solar hybrid project of 150 MW capacity.
Tata Steel: The steel major reported a 6% growth in crude steel production in Q3, reaching 5.68 million tonnes.
M&M: The company announced pricing for its high-end Electric Origin SUVs, BE 6 and XEV 9e, with prices set at ₹26.9 lakh and ₹30.5 lakh respectively.
Ola Electric: SEBI issued an administrative warning to the company for regulatory violations regarding information dissemination.
Sobha: The company reported a 17.8% increase in sales value for Q3-FY25, with a new sales area of 1.01 million square feet.
Rail Vikas Nigam Ltd: The company signed an MoU with GBH International Contracting LLC to explore civil infrastructure business opportunities in GCC countries.
Signatureglobal: The real estate firm reported a two-fold jump in sales bookings to ₹2,770 crore, driven by strong demand for its Gurugram projects.
Tata Technologies: The company entered into a partnership with Telechips to develop automotive software solutions for next-gen software-defined vehicles.
SBI: The bank appointed Baldev Prakash as Deputy Managing Director and Group Chief Risk Officer.
Puravankara: The company appointed Deepak Rastogi as the new CFO, effective January 15, 2025.
NTPC: The company incorporated NTPC Parmanu Urja Nigam Limited as a wholly owned subsidiary to focus on nuclear energy for power generation.
Birlasoft: Roopinder Singh resigned from his position as CEO of the Americas region, effective February 7.
Maruti Suzuki: The company introduced its ‘e For Me’ vision for electric mobility, aiming to develop a comprehensive ecosystem for electric vehicles, technology, and charging infrastructure.

These stocks are expected to drive attention due to their recent developments and market movements. Investors should monitor these stocks closely today.