Unmissable Investment Opportunities: Hot Stocks and Major Market Moves on October 3, 2023! Don’t Miss Out!

The Indian stock market is undergoing interesting developments, and investors are watching a handful of stocks that are seemingly assuring some growth and undergoing changes. In this blog post, let’s look into some of these stocks that are set to make waves in today’s trading session.

stocks,stock market, ipo, jsw ipo,indian stocks,indian stock market,stocks october

Table of Contents

Stocks to Keep an Eye on – October 3, 2023

JSW Infrastructure

JSW Infrastructure, the second-largest company running big ports in India, is in the news because it’s about to start selling shares to the public for the first time by bringing its IPO. Lots of people interested in buying these shares will become available for trading today, October 3. Since many people are interested, the price of these shares is expected to start high. The shares will start trading just two days after the IPO ends.

Maruti Suzuki

Maruti Suzuki India, the nation’s leading passenger car manufacturer, achieved a significant milestone in September 2023. The company reported its highest-ever monthly sales, with total wholesales rising by 2.8% compared to the same period last year, reaching 181,343 units. These figures include domestic sales of 153,106 units, sales to other original equipment manufacturers (OEMs) amounting to 5,726 units, and exports totaling 22,511 units. Maruti Suzuki remains a major player in the Indian automobile industry.

TCS – A Shift in Work Policy

Tata Consultancy Services (TCS), India’s largest IT firm, has recently changed its work policy. Starting from October 1, 2023, all employees are now required to work from the office for five days a week, marking the end of the hybrid work model that was in place. TCS has been emphasizing the return-to-office model for some time now, and this move aligns with its strategy.

Vedanta – Making Changes for Shareholders

Vedanta Limited is doing something important to make its shareholders happy. The company is splitting itself into six different companies. These new companies are Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta base metals, and Vedanta Ltd. This is being done to make the company’s operations smoother and to make the shareholders get more value from their shares.

UltraTech Cement – Impressive Growth

UltraTech Cement has reported impressive growth in its consolidated sales for the second quarter ending on September 30, 2023. The company recorded sales of 26.69 million tonnes (MT), marking an outstanding 15.54% increase compared to the same period in the previous fiscal year. This growth underscores UltraTech Cement’s strong position in the domestic market.

ONGC – Petrochemical Projects on the Horizon

Oil & Natural Gas Corp. Ltd (ONGC) is considering a substantial investment of around $20 billion to establish two petrochemical projects in India. These projects may be undertaken independently or in partnership with other companies. The creation of a large petrochemical plant could cost approximately $10 billion, and the decision on whether to proceed independently or in collaboration will depend on various factors, including economics and state regulations.

Torrent Pharma

Novo Nordisk India Pvt. Ltd, the local subsidiary of Danish pharmaceutical major Novo Nordisk, is in early discussions with Torrent Pharmaceuticals Ltd to expand its manufacturing partnership. This partnership, which has spanned three decades, has proven to be reliable and fruitful. The companies are exploring opportunities to further expand their collaboration.

VIP Industries

The promoters of VIP Industries Ltd are contemplating a stake sale in India’s largest luggage and travel accessories manufacturer. The potential deal, which includes the possibility of an open offer, could be valued at up to $1 billion and might result in the complete exit of the promoters from the business. To facilitate this transaction, the promoters have enlisted the investment banking team of InCred Capital.

Ramkrishna Forgings

Ramkrishna Forgings, the country’s second-largest forging company, has received approval from its board to raise up to ₹1,000 crore through a qualified institutional placement (QIP) issue. This move is aimed at securing additional funds for the company’s growth and expansion plans.

Coal India

Coal India Ltd, the state-run largest coal producer, reported a substantial 12.6% year-on-year increase in coal production, reaching 51.4 million tonnes (MT) in September. This is compared to 45.7 MT produced in the same period last year. Additionally, the company’s offtake in September increased by 12.6% to 55.1 MT, marking a strong performance.

As the Indian stock market continues to evolve and adapt to changing economic conditions, these stocks are certainly worth keeping an eye on for potential investment opportunities and market insights. Stay tuned for further updates on these exciting developments in the world of finance.