CNBC-TV18's top stocks to watch out for on January 6

SUMMARY

The Indian market is likely to open in the red on Monday following weakness in global peers on escalating geopolitical tension in the Middle East. At 7 am, the SGX Nifty was trading 26 points or 0.21 percent lower at 12,222.50, indicating a negative start for the Sensex and Nifty50. Among the stocks in the news today, Adani Ports will acquire Krishnapatnam Port for Rs 13,572 crore while Tata Motors' JLR sales in the US fell 2 percent YoY in December. Here are the stocks that will be in focus today:

By Ankit Gohel Jan 6, 2020 7:43:57 AM IST (Published)

Adani Ports and Special Economic Zone Ltd: The company has agreed to buy a 75 percent stake in Krishnapatnam Port Co. Ltd (KPCL) at an enterprise value of Rs 13,572 crore. The acquisition will accelerate Adani Ports’ plan to expand its cargo-handling capacity to 400 mt by 2025 and increase its market share from to 27 percent from 22 precent on pan India basis. The purchase consideration will be funded through internal accruals and existing cash balance. (Stock Image)

Tata Motors: Total Jaguar & Land Rover (JLR) US sales in December 2019 declined 2 percent at 13,801 units against 14,079 units YoY. Total Jaguar US sales reduced 4.4 percent at 3,311 units against 3,462 units YoY.

Tata Consultancy Services (TCS): The company has filed an appeal in the Supreme Court against the National Company Law Appellate Tribunal (NCLAT) that directed the reinstatement of Cyrus Mistry as a director of the company.

Force Motors: Total domestic sales in December rose 48.3 percent at 2,517 units against 1,697 units YoY. Exports were reported at 230 units. Company’s production declined to 2379 units.

Housing Development Finance Corporation Ltd (HDFC): The mortgage lender reduced retail prime lending rate on housing loans by 5 bps w.e.f January 6. Additionally, the company will raise up to Rs 5,000 crore Via 5-Year bonds on January 7 at 7.5 percent.

Ashoka Buildcon: Company’s subsidiary has executed a concession agreement with National Highways Authority of India (NHAI) on January 03 for a highway project in the Telangana under Bharatmala Pariyojna on Hybrid Annuity Mode. The accepted Bid Project cost is Rs 1,000 crore.

Dixon Technologies: The company has partnered with Samsung for manufacturing of LED TVs at Dixon’s manufacturing facility located at Tirupati.

Titan Company Ltd: The company reported 11 percent revenue growth in jewellery segment in Q3FY20 while the retail growth was at 15 percent. Watches segment growth during the quarter was flat. Eyewear division revenue grew by only 2 percent, primarily led by heavy competitive activity, lower primary sales to trade channels and the disruption in the second half of December due to the nation-wide protests, the company said.

Sobha Ltd: The real estate developer reported 17 percent on year rise in total sales volume at 10.66 lakh square feet in Q3FY20. Sales bookings rose by 4 percent to Rs 726 crore on higher volumes despite a fall in average price realization.

State Bank of India: Six employee unions to be on nationwide bank strike on January 8.

Bank of Baroda: A board meeting will be held on January 8 to consider raising of capital funds through issue of capital debt instruments.

Manpasand Beverages: Dhirendra Singh appointed as MD with effect from January 3 for a period of 5 years. Abhishek Singh appointed as whole-time Director with effect from January 3 for a period of 5 years.