Stocks in Focus on January 6: Tata Group, Adani Ports and Sobha; here are the 5 Newsmakers of the Day

Domestic shares corrected on Friday, January 3, 2020, as investors chose to book profits amid the geopolitical tensions between the US and Iran. However, some stocks that came in news after the market was closed for trading purposes. They can impact the indices when they will reopen for trading on Monday, January 6, 2020. Here is a list of five such stocks: 

Tata Group Companies in Focus: The National Company Law Appellate Tribunal (NCLAT) is likely to pronounce its judgement in Tata-Mistry case on a petition filed by Registrar of Companies (RoC), which seeks modifications in the tribunal's December 18, 2019, judgment where it reinstated Cyrus Mistry as the executive chairman of Tata Sons. The two-member bench headed by Chairman Justice S J Mukhopadhaya, which reserved its order on Friday, indicated that its order can be announced on Monday, January 6, 2020. Besides, Cyrus Mistry in a statement has said, he is not interested in making a comeback as chairman of Tata Sons and directorship in group companies. However, he will vigorously pursue all options to protect his rights as a minority shareholder including resuming the 30-year history of a seat at the board of Tata Sons and incorporation of the highest standards of corporate governance and transparency there.

Banks in Focus: The Reserve Bank of India will conduct simultaneous purchase and sale of government securities under Open Market Operations (OMO) for Rs10,000 today. 

Adani Ports: Adani Ports and Special Economic Zone (APSEZ) has agreed to buy a 75 per cent stake in Andhra Pradesh-based Krishnapatnam Port Co. Ltd (KPCL) for an enterprise value of Rs13,572 crore. The transaction is expected to be completed within 120 days. APSEZ is one of the largest private port operators of the country.

Sobha LTd.: The Bengaluru-based multinational real estate developer said on Friday that its sales bookings rose by 4% to Rs726 crore (YoY) during the third fiscal on higher volumes despite fall in average price realisation. Sales bookings stood at Rs698.8 crore in the year-ago period. 

Titan Q3 business update: The watches and jewellery maker, Titan Company, on Saturday in its quarterly update for the third quarter on January 4, 2020, said it has witnessed better-than-expected sales in each of its divisions. It said the jewellery segment's revenue growth for the quarters is 11% and retail growth was at 15%. However, its watches division posted flat growth. Eyewear segment's revenue grew by just 2% due to heavy competitive activity.