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Stocks in Focus: Blue Dart Express, TVS Motor, Tata Motors and Others

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The GIFT Nifty futures were trading in a negative to flat range before the market’s opening on Monday. Indices are expected to open on a similar flattish note.

Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex advanced to record-high closing levels on Friday after the Reserve Bank of India (RBI) kept key rates unchanged for a fifth consecutive time. Nifty settled with a gain of 68.25 points or 0.33% at 20,937.10, while the Sensex ended 0.44% or 303.91 points higher at 69,825.6. 

Here are the stocks that will likely be in focus on December 11.

Tata Motors: The automaker announced that it would increase the price of its commercial vehicles effective January 2024. The price increase is to offset the residual impact of past input costs and will be applicable across the entire range of commercial vehicles. The road transport ministry also notified that all N2 and N3 category trucks will have AC installed in the driver cabin from October 1, 2025. 

Lloyds Metals and Energy: The mining company has received approval from its board of directors for the expansion of its iron ore mining capacity by up to 55 Million Tonnes Per Annum and the establishment of 45 mtpa (Million Tonnes Per Annum) Banded Hematite Quartzite (BHQ) Beneficiation Plant and 3 mtpa Integrated Steel Plant at Gadchiroli district.

TVS Motor: The company announced a collaboration with Alpinestars at its two-day festival for motorcycles, TVS Motosoul 2023. Further, TVS Motors also unveiled seven newly launched flagship motorcycles. 

Mazagon Dock Shipbuilders: The defence company has received a Rs 1,145 crore pipeline project order from ONGC. Mazagon Dock Shipbuilders will lay approximately 44.4 km of subsea pipelines in 19 segments.

Blue Dart Express: The board of the logistics company has approved the purchase of two leased aircraft by its wholly owned subsidiary, Blue Dart Aviation Ltd (BOAL), from DHL Aviation (Netherlands) for Rs 40 crore. 

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