Stocks to watch: Airtel, TCS, Reliance, Zee Entertainment, Maruti, Hero MotoCorp

Bharti Telecom: Bharti Airtel’s 5G service has been available in eight cities since Saturday, its chairman Sunil Bharti Mittal said at Mobile India Congress. With this, Bharti Airtel became the first company in the country to launch 5G services. “When you (the prime minister) launch 5G today. 5G from Airtel will be available in 8 cities – Delhi, Mumbai, Varanasi, Bangalore and others,” Mittal said.

Tata Consulting Services: India’s largest IT firm Tata Consultancy Services (TCS) will consider paying its second interim dividend in fiscal 2023 at its board meeting on October 10. In addition, TCS will report its financial results for the second quarter and six months of fiscal 2023. The Tata Group-backed company has also announced a record date for qualifying shareholders to receive dividend yields. In the second quarter, seasonal strength and digital services growth are likely to sequentially boost TCS revenue.

Reliance Industries: Reliance Jio will launch a $184 (INR 15,000) budget laptop with a built-in 4G sim aimed at replicating its low-cost JioPhone in India’s highly price-sensitive market, two sources told Reuters success. The Mukesh Ambani-led conglomerate has partnered with global giants Qualcomm and Microsoft, the former powering its computing chips based on technology from Arm Ltd, and the Windows operating system maker to power some applications.

Ze Entertainment: Shareholders of Zee Entertainment Enterprises Ltd (ZEEL) approved all eight resolutions at the company’s annual general meeting on Friday. The resolution to reappoint its managing director Punit Goenka was also passed by a required majority at the 40th Annual General Meeting of Shareholders. ZEEL also received approval from a special resolution to reappoint R Gopalan as the company’s independent director, a regulatory filing said.

Maruti Suzuki: Maruti Suzuki India, the country’s largest automaker, reported on Saturday that its total wholesale volumes tripled to 1,76,306 units in September. Due to a severe shortage of electronic components, the company successfully shipped 86,380 units in September 2021. The company’s domestic sales more than tripled to 1,54,903 units last month compared to 68,815 units in September 2021, Maruti Suzuki India (MSI) said in a statement.

Coal India: Continuing double-digit production growth from FY23, Coal India Limited (CIL) ended the first half of the financial year with 299 million tonnes (MTs). Supply to power plants rose sharply to 285.5 metric tons in 1H FY23, driven by increased production and increased load. CIL achieved nearly 43% of its fiscal production target of 700 tonnes in six months, and aims to complete the remainder in the second half of the year. Traditionally, CIL’s fiscal output yield in the second half of the year is much higher than that in the first half.

Bank of Baroda: The Competition Commission of India (CCI) has approved Bank of Baroda’s proposed acquisition of a 21% stake in IndiaFirst Life Insurance. The deal involved the bank’s acquisition of a 21% stake in IndiaFirst Life Insurance Company Ltd (IFLIC) from Union Bank of India. The deal has been approved, according to an update on CCI’s website.

Tata Motors: Tata Motors said on Saturday that its total domestic sales in September rose 44% to 80,633 units. The company shipped 55,988 units to dealers in September 2021. The Mumbai-based automaker reported an 85% increase in its total domestic passenger vehicle shipments to 47,654 units last month, compared to 25,730 units in September 2021.

Nestle India: Fast-moving consumer goods giant Nestlé India said on Friday it was in talks with workers at three of its factories that planned not to go to work on Sunday to protest the lack of paid leave for organizing a union campaign. Workers at three Nestlé factories – Nanjangud in Karnataka, Bicholim in Goa and Tahliwal in Himachal Pradesh – plan not to work on Sunday in protest against unionization without paid leave.

hero car co.: Hero MotoCorp reported Saturday that total September 2022 sales fell 1.95% to 5,19,980 units. Hero MotoCorp said in a statement that the company sold 5,30,346 units in the same month last year. The company said domestic sales were 5,07,690 units last month, up from 5,05,462 units in September 2021. However, exports of 12,290 were down from 24,884 a year earlier.