Stocks to Watch on January 9: Orders, Acquisitions, and Earnings

Domestic markets are expected to open steadily on Friday after GIFT Nifty noted a marginal increase of 15 points at 26001 around 7:57 AM. The closing figures from Wall Street showed mixed movement ahead of the Supreme Court's ruling regarding tariffs and the employment numbers expected for December with Dow Jones +0.55%, S&P 500 +0.01%, and Nasdaq -0.44%, while the Asian Markets were mixed: Hong Kong (+0.21%), Japan (Nikkei +0.69%), China (CSI300 Flats), South Korea (-0.18%).

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Earnings Momentum Builds

IREDA, Tejas Networks, and Globus Spirits will be announcing their Q3 earnings today. Elecon posted a lower profit; however, revenue increased. The Transformer & Rectifier Company posted an increase in both profit and revenue.

Industrial and Infra Wins

BHEL has received an order from Bharat Coal Gasification (JV) to manufacture their coal-to-ammonium nitrate facilities located in Jharsuguda, Odisha, RVNL received a Letter of Award from East Coast Railway for the establishment of a 200-wagon POH workshop at Kantabanji, and Power Mech has won a contract to build Battery Storage Energy Systems (BESS) for West Bengal State Electricity Distribution Company Limited (WBSEDCL), as well SML Isuzu has published their production and sale figures in relation to their commercial vehicles.

Finance and Auto Developments

On January 8, Bajaj Finserv acquired a large stake (23%) in Allianz’s insurance divisions, increasing Bajaj’s holdings to 97%. Tata Motors’ commercial vehicle subsidiary acquired a minority interest (26%) in Traveltime E-Mobility Chennai for a minimal price.

Consumer and Tech Shifts

The Board of Directors approved a Voluntary Retirement Scheme for employees at their new facility in Hosur as a result of the company’s restructuring. Bharat Forge signed an MOU with Agile Robots (Germany) to form a Joint Venture for AI-based robotics. Heritable acquired a majority (70%) stake in Peanut Butter & Jelly from Devyani International’s subsidiary.

E-Com and Pharma Updates

Prestige Estates’ JV took possession of an 80-acre property in Chennai for development. Research firm Eternal (the parent company of Zomato/Blink It) may face tax liabilities exceeding ₹27 Crores with interest and penalties due to the previous financial year. Brainbees Solutions (FirstCry) announced its resolution of a share swap, which increases the percentage of Swara Baby held by Brainbees from 66% to 76.59%, as well as integrates Solis Hygiene into Brainbees.