Stocks to Watch: Maruti, Titan, TCS, Reliance, Texmaco Rail, and Others

As Tuesday’s trading session approaches, investors are keeping a close eye on several key stocks with significant developments:

Maruti Suzuki India: The automotive giant has announced that its board of directors is set to meet on 24 November to discuss the allotment of 1,23,22,514 equity shares to Suzuki Motor Corporation on a preferential basis.


Titan Company: The Competition Commission of India has granted approval for Titan’s acquisition of an additional 27.18% stake in CaratLane Trading. The shares will be acquired from Mithun Padam Sacheti, Siddhartha Padam Sacheti, and Padamchand Sacheti.

Wipro: Wipro has entered into a collaboration with Nvidia to support healthcare companies in accelerating the adoption of generative artificial intelligence through AI-driven strategies, products, and services.

TCS (Tata Consultancy Services): The US Supreme Court has rejected TCS’s petition to appeal against the orders passed by the US Court of Appeals in the Epic Systems Corporation case. This upholds the punitive damages award of $140 million, and TCS intends to reflect a balance provision of about $125 million in its financial statements for the third quarter and the nine months ending December 2023.

Bank of Baroda: Life Insurance Corporation of India has increased its stake in the public-sector bank to over 5%, acquiring 24.39 lakh shares and raising its total stake from 4.984% to 5.031%.

Reliance Industries: Chairman and managing director Mukesh Ambani announced at the Bengal Global Business Summit that the company plans to invest ₹20,000 crore in West Bengal over the next three years. Additionally, Reliance is planning to establish a compressed biogas plant in the state.

Texmaco Rail: The company has initiated its qualified institutions placement (QIP) issue on 21 November, aiming to raise ₹750 crore, including a green shoe option of ₹200 crore. The floor price for the issue is set at ₹135.90 per share, with the proceeds intended for capex, repayments, and working capital.

Adani Enterprises: Adani Defence Systems and Technologies have inked a pact with Elbit Systems, Israel, resulting in Elbit Systems acquiring a 44% stake in Atharva Advanced Systems.

BPCL (Bharat Petroleum Corporation Limited): The company is set to consider an interim dividend at its upcoming board meeting on 29 November.

Investors are closely watching these developments as they unfold in the market.

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