Stocks to watch: Tata Motors, HDFC Bank, Reliance, M&M

Tata MotorsTata Motors on Friday said its overall domestic sales grew 30 per cent to 86,718 units in March as against 66,462 units in the same period a year ago. The company said its passenger vehicle wholesale sales grew 43 per cent last month to 42,293 units as against 29,654 units in March 2021.

Mahindra & MahindraMahindra & Mahindra on Friday said its overall sales grew 35 per cent to 54,643 units in March as compared to the year-ago period. The Mumbai-based auto major had dispatched 40,403 units in March 2021.

Adani EnterprisesTwo state government officials told Reuters that India’s southern Andhra Pradesh has rejected bids made by India’s Adani Enterprises for two separate tenders to supply imported coal. This is the first time in recent years that a major government tender for imported coal has been canceled at high prices. Details on cancellation have not been previously disclosed.

HDFC bankHDFC Bank’s loan book has grown by 21%, the bank announced on Sunday.

TVS Motor CompanyTVS Motor Company recorded sales of 307,954 units in March 2022 as against 322,643 units sold in the month of March 2021.

Future Retail, Future EnterprisesFuture Retail and Future Enterprises, the two major companies of the Kishore Biyani-led Future Group, collectively defaulted on debt repayments on Friday. 8,157.97 crore. due date of payment of 2,835.65 crore by Future Enterprises Limited (FEL) and 5,322.32 crore by Future Retail Limited (FRL) as on March 31, 2022.

ONGC, RelianceState-owned Oil and Natural Gas Corporation (ONGC) likely to see USD 3 billion (approx.) 23,000 crore), more than double the cost of natural gas produced by it, while Reliance Industries received USD 1.5 billion ( 11,500 crore) more in revenue, said a report. The government raised the price of gas paid to producers in oil and regulated fields from $2.9 per million British thermal unit to US$6.10, a record high, from April 1. For difficult areas like Reliance’s deepsea field, the price has risen by 62 per cent to USD 9.92 per mmBtu.

power stockThe increase in gas prices is likely to affect the power companies.