Here are the top 10 stocks to watch on Tuesday:
Future Retail: The Lenders to Future Group plans to contact the Reserve Bank of India (RBI) to seek an exemption from marking the loans it provides to retailers as NPA. The move came after Future Retail’s weekend breach of the clock ticking to set such classifications at the end of this month. Maruti Suzuki: India’s largest automaker plans to launch nearly six SUVs in the next three years. The product introduction will begin in the next fiscal year, with the launch of two SUVs. One will compete with Hyundai Creta, and the other Jimny will compete with Mahindra’s Thar. These models are expected to add nearly 250,000 vehicles to the company every year.
Tata Motors: Due to the strong demand for the latest series of sports utility vehicles, Tata Motors has surpassed Hyundai Motor India to become the second largest passenger car seller in the domestic market, second only to Maruti Suzuki India. In December last year, Tata Motors delivered 35,461 passenger cars to dealers, while Hyundai Motor delivered 32,312.
Shriram Transport Finance: It plans to raise approximately US$500 million from international investors. This will be the first offshore bond sale by a non-bank lender this year.
Zee Entertainment: Zee Studios, the film production and distribution arm of Zee Entertainment Enterprises Ltd, will double the number of films planned to be produced in 2022. Zee Studios declined to disclose investment figures, but trade experts estimate that the cost of producing these films is 1,000 crore rupees.
Inox Wind Energy: It will seek shareholder approval through the issuance of 1.062 million convertible warrants at the Extraordinary General Meeting of Shareholders (EGM) later this month, raising up to 900 million rupees. Convertible warrants will be issued at an extraordinary general meeting of shareholders on January 25 at a price of 847 rupees per unit.
Fast-moving consumer goods stocks: With the sudden emergence of new coronavirus-related restrictions in several large states, packaged goods companies have once again increased their supply and inventory of products through retail stores and e-commerce channels.
Complete News Source : mint
