Stocks to Watch Today | January 7: Titan, Jubilant FoodWorks, Coal India, ONGC, Tata Capital in Focus
Indian equity markets may witness heightened volatility today as investors react to key corporate updates, earnings-related developments, IPO news, and regulatory clarifications. Stock-specific action is expected to drive sentiment through the session.
Key Stocks to Track Today
Titan Company
Titan reported a strong performance in the December quarter, posting nearly 40% year-on-year growth in standalone revenue. The growth was led by its jewellery business, which benefited from higher gold prices and robust consumer demand, contributing the majority of the company’s revenues.
Jubilant FoodWorks
The company continued its steady expansion, recording a 13.4% YoY rise in consolidated revenue during Q3. Domino’s India delivered positive like-for-like growth, while store additions remained strong, reflecting stable demand in the quick-service restaurant segment.
Godrej Consumer Products
Godrej Consumer indicated a gradual improvement in domestic demand conditions during the December quarter. Management remains optimistic about a sustained recovery in consumption trends over the coming quarters.
Lodha Developers
Lodha reported a sharp increase in pre-sales during Q3, supported by new project launches across major cities. However, collections declined compared to the previous year, keeping investors focused on cash-flow trends.
Coal India
Coal India is in focus after plans to unlock value through the IPO of its subsidiary, Bharat Coking Coal. The divestment is expected to generate significant proceeds for the state-owned miner.
Tata Capital
The stock will be watched closely as the three-month shareholder lock-in period ends today, making a portion of equity eligible for trading and potentially impacting short-term price movement.
Indian Energy Exchange (IEX)
IEX clarified that no regulatory order has been issued regarding market coupling, following recent speculation that had driven a sharp rally in the stock.
ONGC
ONGC remains in focus after senior management took direct operational control of a well site following an incident. The company stated that expert teams are overseeing the situation to ensure operational safety.
Pidilite Industries
Pidilite announced the transfer of its entire stake in Pepperfry through a share-swap deal, aligning with the broader acquisition of Pepperfry by a new entity.
IPO Watch: Bharat Coking Coal
The upcoming Bharat Coking Coal IPO, opening on January 9, has drawn market attention ahead of listing. The issue is entirely an offer for sale, and early indications from the unlisted market suggest healthy investor interest.
(Disclaimer: The content above is provided solely for informational purposes and should not be treated as investment advice. SmartInvestment advises readers to consult a qualified financial advisor before making any investment or money-related decisions.)