Top Stocks to Watch This Monday: Dr Reddy’s, Federal Bank, Titan, Adani Wilmar, JSW Steel

Here’s a roundup of key stocks that are expected to grab attention on Monday:

  • Dr Reddy’s Laboratories: The pharmaceutical giant has issued a recall for approximately 8,280 bottles of Tacrolimus in the US market due to a packaging error flagged by the US FDA, citing the “presence of foreign tablets/capsules” in the lot.
  • Reliance Industries: Mukesh Ambani announced that Reliance, in collaboration with Canada’s Brookfield, will inaugurate a data center in Chennai next week, marking its entry into the rapidly growing data center market.
  • Federal Bank: The RBI has instructed the bank to propose at least two executives for the positions of managing director and chief executive following the departure of current chief Shyam Srinivasan. Srinivasan is granted a one-year extension after the completion of his three-year term.
  • Titan: The jewelry and watchmaker reported a robust 22% revenue growth in the December quarter, with the addition of 90 stores, bringing the total retail presence to 2,949 stores. The domestic market for the jewelry division showed a 21% growth.
  • Bajaj Auto: The company is set to discuss a share buyback proposal at its Monday meeting, focusing on the repurchase of fully paid-up equity shares and other related matters.
  • Godrej Consumer Products: Expecting a “mid-single digit volume growth” on a consolidated basis in the December quarter, with steady underlying volume growth in the domestic business and double-digit volume growth in inorganic businesses like Park Avenue and KamaSutra.
  • Adani Wilmar: Despite a 15% decline in standalone sales compared to the previous year, the company showed resilience with a 6% increase in volume. The growth was primarily driven by the expanding market for packaged oils and food products.
  • Marico: The FMCP firm reported a low single-digit decline in consolidated revenue in the December quarter, but witnessed low double-digit growth in operating profit. A low single-digit jump in domestic volumes is expected for the same period.
  • JSW Steel: Subsidiary JSW Utkal Steel Ltd. has acquired 2677.80 acres of forest land in Rajnagar, Odisha, for establishing a greenfield Integrated Steel Plant. JSW Steel also plans to double its investments in Tamil Nadu across sectors in the coming years.
  • Narayana Hrudayalaya: The company’s wholly-owned subsidiary has gained approval from the Insurance Regulatory and Development Authority of India to launch a health insurance business in India, further expanding its presence in the healthcare sector.

Stay tuned for market developments as these stocks take center stage on Monday!

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