BHEL, Maruti Suzuki, L&T, RIL, Shoppers Stop are stocks to keep an eye on

Eye on Stocks

Eye on Stocks

NEW DELHI: Here are the top ten stocks that are likely to make headlines today.

Aviation stocks: According to credit rating agency Icra, Indian airlines are likely to incur a combined net loss of $250-260 billion in FY2022, and will require an additional 450-470 billion between FY2022 and FY2024 to maintain operations.

BHEL: The state-owned company has received its largest ever order from NPCIL for the EPC of Turbine Island, which includes six 700 MWe units.

Tesla Inc.'s electric cars may soon be on Indian roads, according to the Union Transport Ministry's approval of four of the company's models for sale in the country. The models that obtained the nod were not identified on the ministry's Vahan portal, however. Before an official launch, all automobile manufacturers, both Indian and international, must get their automobiles regionally licenced.

Larsen & Toubro, India's largest engineering company, said in a statement on Tuesday that it plans to sell its non-core assets, including the 1400 megawatt (MW) Nabha thermal power project in Punjab, the Hyderabad Metro, and L&T Infrastructure Development Projects Ltd (L&T IDPL), a subsidiary with road projects and power transmission lines.

Suzuki Maruti: Due to a shortage of semiconductors, the country's biggest automaker anticipates output at its factories in Haryana and Gujarat to be hampered next month, it announced on Tuesday. Maruti Suzuki said in a regulatory filing that total production volume in Haryana and Gujarat could be about 40% of normal output.

According to media sources, Reliance Industries wants to buy REC Group, Europe's largest solar panel manufacturer, from state-run China National Chemical Corp (ChemChina) for a tentative consideration of $1-1.2 billion.

Shoppers Stop: The department store chain is selling its controlling ownership in Crossword Bookstores to the proprietors of Agarwal Business House (ABH) for roughly 41.6 crore in order to focus on its core business, the company announced on Tuesday.

Telecom stocks: The Telecom Regulatory Authority of India (Trai) has recommended a raft of measures to enhance internet connectivity and increase connection speed, including up to $200 in payback on costs to a customer and a minimum broadband speed of 2 megabits per second.

Following a petition by the ministry of corporate affairs, the Mumbai bench of the National Company Law Tribunal (NCLT) ordered the group's bank accounts frozen and properties attached on Tuesday.

Wipro has teamed up with HERE Technologies, a location data and technology platform, to provide location-based services to customers in the energy and utilities, manufacturing, transportation and logistics, telecom, and automotive industries.




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