The Indian market is expected to extend losses on Monday as investors seemed disappointed over no announcements regarding LTCG and hike in customs duties in the Union Budget. Sell-offs in global markets amid fears of coronavirus in China may also weigh on Indian shares. At 7.20 AM, the SGX Nifty futures traded 306.50 points or 2.56 prcent lower at 11,680.50, indicating a negative start for the Sensex and the Nifty. Among top stocks, auto companies will be in focus as January sales numbers were released. Here are the top stocks to watch out for:
Maruti Suzuki: India's largest passenger car maker Maruti Suzuki reported 1.6 percent rise in total sales in the month of January at 154,123 units as against 151,721 units sold in the same month last year.
Centrum Capital: The company, with its subsidiary Centrum Housing Finance, entered into binding agreements with NHPEA Kamet Holding, an investment holding company managed by the private equity arm of Morgan Stanley Asia. The investor will subscribe to 6,66,90,413 equity shares for an aggregate consideration of about Rs 190 crore.
Hinduja Global: Hinduja Global Solutions has completed the sale of its India domestic Customer Relationship Management business to Altruist Technologies.
Hero MotoCorp: Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, sold 5,01,622 units of two-wheelers in the month of January against 5,82,660 units last year in the same month.
Eicher Motors: The company’s January sales stood at 63,520 units against 72,701 units last year.
Tata Motors: The auto company’s January domestic sales stood at 45,242 units against 54,915 units last year, down 18 percent.
PVR: CRISIL has upgraded the rating from AA-/Stable to AA/Stable. The rating upgrade is driven by CRISIL's expectation of a sustained improvement in PVR's business risk profile leading to strong cash flows.
Coal India: January offtake stood at 56.05 million tonnes against 52.44 million tonnes last year, up 6.9 percent.
MOIL: The prices of all grades of manganese ore of 44% Mn and above have been increased by about 2.5% and all the other grades of manganese ore of below 44% Mn have been increased by about 7.5%.
Muthoot Capital: Muthoot Capital Services Limited completed a securitisation transaction of Rs 173.24 crore.