Stocks to watch today: Dixon Tech, Enviro Infra, Tata Motors, Adani Energy
Stock markets started the week on a weak note as rising geopolitical tensions in the Middle East weighed on investor sentiment. The benchmark indices fell over half a percent on Monday. However, reports suggesting a possible ceasefire between Iran and Israel could help bring some stability to the market. As investors look forward to Tuesday's session, here are the key stocks to keep an eye on.DIXON TECHNOLOGIESShares of Dixon Technologies will be in focus after a big promoter-level transaction. Sunil Vachani, the promoter of Dixon, sold 16.7 lakh shares, which is 2.77% of the company's total equity. The shares were sold at an average price of Rs 13,301.47 each, totalling Rs 2,221.3 crore.At the same time, Motilal Oswal Mutual Fund bought 2.4% stake in the company, purchasing shares worth Rs 1,923.8 crore at an average price of Rs 13,307.96 per share. This shows continued interest from institutional investors in the electronics manufacturing services company.ENVIRO INFRA ENGINEERSEnviro Infra Engineers has won new projects worth Rs 306.30 crore in the domestic market. The company, which provides water and waste-water treatment solutions, also announced two major acquisitions in the renewable energy sector.It acquired Vento Power Infra, which owns a 40 MW solar power project in Odisha, for Rs 115.61 crore. It also bought Soltrix Energy Solution, which holds a 29 MW solar project in Maharashtra. The Maharashtra project will receive financial support of Rs 3.20 crore per MW from the state government, amounting to a total of Rs 92.80 crore. The project will earn Rs 0.88 per unit over 25 years.These acquisitions mark Enviro Infra's strategic entry into the solar power business, with a combined capacity of 69 MW.TATA MOTORSTata Motors has revealed the pricing for its new electric SUV, the Harrier.ev. The vehicle will be available in rear-wheel drive variants. Bookings for the car will begin from July 2.The starting price for the basic "Adventure" variant is Rs 21.49 lakh. The top variant will be priced at Rs 27.49 lakh. This move reflects Tata Motors' continued focus on expanding its electric vehicle portfolio.COCHIN SHIPYARDA subsidiary of Cochin Shipyard has received an order worth between Rs 100 crore and Rs 250 crore to build two luxury river cruise vessels. The company did not disclose the exact value of the deal but said the new vessels would support growth in inland and river tourism.HG INFRA ENGINEERINGHG Infra Engineering has been declared the lowest bidder by the Military Engineer Services (MES) for a project at the Naval Dockyard in Mumbai. While the company did not reveal the bid amount, the announcement could help the stock as it shows a growing pipeline of government infrastructure orders.ADANI ENERGYAdani Electricity Mumbai has completed an open market repurchase of senior secured notes worth $49.5 million. This move is part of the company's efforts to manage its debt and improve financial health.Investors are expected to keep a close eye on developments in the Middle East, which continue to drive global oil prices and impact market direction. Meanwhile, these stock-specific updates are likely to influence trading action on Tuesday.- Ends
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Time of India
18 minutes ago
- Time of India
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According to HSBC's analysis quoted in the report, India's current discretionary spending stands at approximately $250 billion. (AI image) India is on the verge of a consumption boom - one that could potentially lead to an annual boost of $30–40 billion! A substantial consumer spending surge of $40 billion is poised to impact India's economic landscape. This significant development, expected to materialise within the next 18 to 24 months, could present a notable opportunity for stock market investors. India's vast population of 1.5 billion, coupled with increased disposable income from income tax reductions, salary increases and reduced borrowing costs (thanks to RBI's 1% repo rate cut), positions this consumer spending wave as particularly noteworthy. According to an ET report quoting HSBC Securities, analysts project yearly discretionary spending increases ranging from $30-40 billion. The calculations are straightforward: Tax reductions for individuals are projected to generate $12 billion in additional savings. The anticipated 8th Pay Commission's 15% salary enhancement could provide government and defence personnel with an extra $18-26 billion. Combined with $3-4 billion in mortgage payment reductions due to lower interest rates, this creates a substantial boost to consumer spending potential. According to HSBC's analysis quoted in the report, India's current discretionary spending stands at approximately $250 billion. The stimulus could enhance spending capacity by roughly 15%, which will be funds in consumers' hands. Whilst some individuals might opt to save or invest these gains, market analysts predominantly anticipate that a significant portion will be directed towards consumption. According to BofA Securities' Rahul Bajoria, India's consumption indicators show promising signs of improvement, supported by ongoing policy measures. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Undo With controlled inflation, front-loaded monetary easing, and reduced commodity prices helping with input costs, conditions appear favourable. Despite private consumption growth declining alongside GDP, Bajoria anticipates consumption to exceed GDP growth soon, driven by stabilising household incomes, reduced tax burdens and better credit accessibility. BofA projects significant strengthening of real wages in rural India, supported by low food inflation and steady income patterns, the ET report said. The monetary policy adjustments, including rate reductions of 100 basis points, liquidity enhancement exceeding Rs 12 lakh crore, and relaxed regulatory requirements for NBFCs and MFIs regarding risk weights, are collectively positioned to boost urban demand. Bajoria notes that personal credit growth, previously hindering consumption, is expected to show substantial improvement in upcoming quarters. Road Ahead for Investors To Make The Most Of Consumption Boom BNP Paribas' Kunal Vora identifies emerging opportunities in consumer sectors, particularly in food delivery and quick commerce. The food delivery sector has evolved into a sustainable duopoly following years of intense rivalry. Vora identifies Swiggy and Eternal as primary beneficiaries, anticipating substantial cash flow generation and increased participation in India's $1 trillion retail market, the report said. HSBC's Yogesh Aggarwal observes that whilst specific sector impacts remain uncertain, Indian consumers are increasingly adopting higher spending patterns. This includes vehicles, consumer products, electronic items, and recreational activities such as restaurant dining. The significance lies in the widespread nature of this consumption growth, spanning various product categories and consumer income levels. Valuations present an additional consideration. Nomura indicates that consumer equities have experienced significant corrections over six months, currently trading below their five-year averages by one standard deviation. Whilst previous consumption decline led to corporate earnings revisions, government initiatives focusing on demand stimulation through fiscal and monetary measures are demonstrating positive outcomes. 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The Print
32 minutes ago
- The Print
Kesoram sees challenges ahead as it charts strategy around rayon, transparent paper biz
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The Print
32 minutes ago
- The Print
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