Stocks to watch: Aditya Birla AMC, RIL, Sterling and Wilson, TCS, Tata Motors, Gland Pharma, GSPL

Indian markets ended higher on Friday, led by IT, oil & gas and PSU banking stocks. Today, the start of the new week is likely to be flat-to-negative tracking weakness in global peers. Investors may remain on the sidelines ahead of macroeconomic data to be out on October 12. There will be some cautiousness as former Reserve Bank Governor C Rangarajan said India becoming a $5 trillion economy by 2025 is impossible under the current circumstance and the country needs to grow at nine per cent per annum for the next five years in order to achieve that. Meanwhile, Uddhav Thackeray led Maha Vikas Aghadi government in Maharashtra has called for a statewide bandh today, October 11. Here is the list of top stocks that could be in focus on Monday.

Reliance Industries, Sterling and Wilson: Billionaire Mukesh Ambani’s Reliance Industries on Sunday announced two back-to-back acquisitions – a $771 million buyout of Norway-based solar panel manufacturer REC Solar Holdings and purchase of 40% stake in Shapoorji Pallonji Group’s Sterling & Wilson Solar – as the oil-to-retail conglomerate moved to create a multi-billion-dollar clean energy portfolio.

TCS: Shares of TCS will react to its financial result which came after market hours on Friday, 8 October 2021. On a consolidated basis, TCS’ net profit rose 6.84% to Rs 9,624 crore on a 3.21% increase in net sales to Rs 46,867 crore in Q2 September 2021 (Q2 FY22) over Q1 June 2021 (Q1 FY22). On a year-on-year (YoY) basis, the IT major’s net profit rose 28.75% and net sales rose 16.77% in Q2 FY22.

Maruti Suzuki: Maruti Suzuki India’s total auto production fell by 51% to 81,278 units in September 2021 as compared to 166,086 units produced in September 2020.

Tata Motors: Tata Motors reported retail sales of 92,710 vehicles for the second quarter ending September 2021, 18.4% lower than the 1,13,569 vehicles sold in Q2 last year. Jaguar Land Rover retail sales for the three-month period to 30 September 2021 continued to be constrained by the impact of the global semiconductor shortage on production. Jaguar Land Rover (UK) is wholly owned subsidiary of Tata Motors.

Aditya Birla Sun Life AMC: Shares of Aditya Birla Sun Life AMC will debut on the bourses today. The issue price was Rs 712 per equity share.

Route Mobile: Route Mobile (UK), a wholly owned subsidiary of Route Mobile, has signed definitive agreements to acquire Latin America-based Masivian. Masivian is a cloud communications platform service provider, with strong presence in Colombia and Peru.

Gland Pharma: Gland Pharma on Friday announced that it received tentative approval from the United States Food and Drug Administration (USFDA) for sugammadex injection.

GOCL Corporation: The company said that its wholly-owned subsidiary IDL Explosives (IDLEL) has bagged order from Coal India worth Rs 592.45 crore.

GSPL: Gujarat State Petronet said that the credit ratings agency CARE Ratings has reaffirmed its rating on the bank facilities of the company.

Solar Industries: Solar Industries India said that it received orders worth Rs 1,471 crore from Coal India (CIL) to supply bulk explosives over a period of two years.

Bandhan Bank: The lender said its collection efficiency improved to 90% at the end September 2021 from 80% three months back.

Equitas Small Finance Bank: Equitas Small Finance Bank’s gross advances increased by 13% to Rs 18,981 crore in Q2 FY22 compared with Rs 16,731 crore in Q2 FY21.

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