Axis Bank, Tata Motors, Sula Vineyards: Stocks to watch on Tuesday

Stocks to watch today: Indian equities amid positive global equities and healthy domestic macros after marking fresh intra-day highs ended at fresh closing peaks on Monday, April 8. Nifty at the close settled at 22,666.3, up 0.68 per cent, while Sensex ended at 74,742.5, up 0.67 per cent.

Here are the stocks that will gain traction in Tuesday’s trade.

Axis Bank: As per reports, Bain Capital is likely to sell a stake in the private lender via a block deal.

Tata Motors: Shares of the auto major will gain focus as the company’s JLR full-year sales leapt over 20 per cent on year.

Sula Vineyards: The company will be in focus after its strong Q4 business update. The company logged double-digit revenue growth in Q4 as well as in full FY24.

Sharda Motor: The company’s board will meet on April 18 to consider the buyback of fully paid-up equity shares of the company.

PCBL: The company said a 12 MW power plant has been commissioned in Tamil Nadu.

UCO Bank: The state-run lender, said in its Q4 update that total business at the company grew 9.62 per cent on year to Rs 4.58 lakh crore. Also, total advances at the company logged 15.92 per cent growth to Rs 1.87 lakh crore.

IRB Infra: The construction company, in its March quarter update, said that during the period, its total toll collection jumped 30 per cent on year.

NCL Industries: The company, in its Q4 business update, said that cement production at the company grew 4 per cent on year.

Gland Pharma: Nicomac Machinery will offload a 4.4 per cent stake in the pharma company via a block deal at a floor price of Rs 1,725 per share.

Shilpa Medicare: The company launched its qualified institutional placement (QIP) at a floor price of Rs 477.35 per share, while the issue price for the same will be decided at the company's board meeting on April 12.

Sterlite Technologies: The company came up with its QIP for fundraising at a floor price of Rs 119 per share. 

Anand Rathi: The company will be considering a share buyback in its board meeting slated for April 12.

KSB Ltd: The company will deliberate its Q4 results as well as stock split at its board meeting on April 26.

Dixon Technologies: The company bought a 50.1 per cent stake in Ismartu India, and for the same, it inked the SPA as well as the shareholders' agreement.

Bajaj Allianz, ICICI Lombard: General insurance companies will be in focus after the March 2024 insurance premium data has been released. For Bajaj Allianz, the general insurance premium is up 48.6 per cent.