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Stocks in Focus: Tata Motors, Axis Bank, Sula Vineyards, HG Infra Engineering, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.27% higher by 61.50 points at 22,838, indicating that the domestic benchmark indices are likely to make a positive start on Tuesday. 

On Monday, 8 April, Domestic benchmark indices S&P BSE Sensex gained 494.28 points, or 0.67%, to end at 74,742.50 while the Nifty50 traded higher by 152.60 points or 0.68% higher, settling at 22,666.30. 

Here are some stocks that are likely to remain in focus on 9 April.

Tata Motors: The Jaguar Land Rover (JLR) segment of the company had a stellar performance for the end of FY24. 

Sula Vineyards: In its quarterly earnings for January-March, the company reported double-digit revenue growth and has also acquired ND Wines. 

HF Infra Engineering: The company has successfully incorporated a wholly-owned subsidiary, H.G. Chennai-Tirupati, to undertake a project worth Rs 862.11 crore that the National Highway Authority awarded. 

Axis Bank: Bain Capital is looking to offload 3.34 crore bank shares via a block deal.

Gland Pharma: Nicomac Machinery and RP Advisory Services are looking to divest up to 4.9% stake in the company at an average price of Rs 1,725 per share. 

PCBL: The company’s subsidiary has successfully commissioned a 12-megawatt power plant in Tamil Nadu. 

Dilip Buildcon: The company has received an order worth Rs 1,092 crore from Haryana Rail Infrastructure Development Corp on EPC mode.

CG Power: The company has received a demand notice worth Rs 4,098 crore from the Additional Commissioner of Central Goods and Services Tax and Central Excise in Bhopal, Madhya Pradesh, for allegedly wrongfully availing and reversing input tax credit during the 2018-19 fiscal year.

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