Nestle, Adani Ent, Maruti Suzuki, Bajaj Finserv, DMart, and Other Stocks to Keep an Eye on

Stocks to Pay Attention To On October 4: The NSE IX’s GIFT Nifty fell 4.5 points, or 0.02 percent, to close at 19,446, indicating that Dalal Street will open to a slow start on Wednesday. These stocks will be the subject of today’s attention for a variety of reasons.

Nestle India: On October 19, the Board of Nestle India will also discuss the September quarter’s quarterly results and the proposal for a stock split and interim dividend.

Adani Enterprises: On October 3, Abu Dhabi-based International Holding Co (IHC) announced an increase in its ownership stake in Gautam Adani’s flagship company, Adani Enterprises, to more than 5%. The change comes only days after the Middle Eastern investor opted to restructure its portfolio by selling holdings in two other group firms.

Maruti Suzuki: The biggest automaker in the nation reported receiving a draft assessment order from the Income Tax Department for the fiscal year 2019–20. This assessment order lists a number of additions and disallowances for the firm’s returned revenue, which shows the income that the company reported in its income tax return for that fiscal year, totaling Rs 2,159.7 crore.

The Directorate General of GST Intelligence, Pune zonal unit, has issued a show cause and demand notice to Bajaj Allianz General Insurance, according to Bajaj Finserv, a financial services company. On September 29, 2023, the agency issued a show cause cum demand notice stating a tax demand of Rs 1,010 crore.

Mahindra Finance: The non-banking financial company of the Mahindra Group reported disbursements of Rs. 4,500 crore in September, an increase of 11% from the same month last year. Disbursements totaled Rs 13,300 crore in the second quarter of the current fiscal, representing a 12.6 percent YoY gain.

The United States Food and Drug Administration (USFDA) has given the thumbs-up to Strides Pharma Global Pte Ltd for its icosapent ethyl capsules in both 0.5 gram and 1 gram forms, the drug company said on Tuesday. High triglyceride levels are treated with icosapent ethyl capsules.

Titagarh Rail Systems: The business said on Tuesday that it has signed a contract to produce 72 standard gauge cars for the Gujarat Metro Rail Corporation Ltd (GMRC). These metro vehicles will be used in the Surat Metro Rail Project’s first phase. About Rs 857 crore is the expected order value for this project.

The Harley-Davidson X440, a co-developed luxury motorbike, will begin to be delivered by Hero MotoCorp, a domestic producer of motorcycles and scooters, on October 15, 2023. Hero MotoCorp’s Garden facility in Neemrana, Rajasthan, is now producing the Harley-Davidson X440, a joint venture between Harley and Hero.

Avenue Supermarts: Retail chain D-Mart operator said that the business reported an increase in its standalone sales of 18.52 percent on an annual basis. Avenue Supermarts recorded standalone revenue from operations of Rs 12,307.72 crore for the three months ended September 30, 2023, up from Rs 10,384.66 crore on an annual basis.