Stocks worth watching: Northern Arc, Tata Motors, Ola Electric, Morepen Labs, BoB | News on the markets

In Hong Kong, Hang Seng Index futures suggested a stronger open of 23,169 compared to the previous close of 23,099.78.

Meanwhile, the Australian S&P/ASX 200 index started the day with gains of 0.16%.

In the US, stocks fell as rising oil prices and rising Treasury yields dampened market sentiment.

The Dow Jones fell 0.94%, the S&P 500 fell 0.96%, and the Nasdaq Composite lost 1.18%.

In the meantime, here are some stocks that will likely be in focus on Tuesday, October 8:

HDFC Bank: The bank has increased its marginal cost of interest on funds-based lending rates (MCLR) by 5 basis points for select tenors with effect from October 7. The new MCLR rates currently range from 9.10% to 9.50%, with the six-month MCLR at 9.45 percent and the three-year MCLR at 9.50 percent. This change reflects the bank’s response to rising deposit rates in an environment of weak deposit growth.

Axis Bank: The bank has obtained a loan of USD 500 million from the International Finance Corporation (IFC) for the development of the blue financial market in India. This will be IFC’s first blue investment in the country and will support various environmental initiatives. Axis Bank aims to enhance its climate finance portfolio with a commitment to invest Rs 60,000 crore in ESG-focused sectors by 2030.

Northern Arch: The company’s subsidiary, Northern Arc Investment Managers (NAIM), is launching a Rs 1,000-crore alternative investment fund with a focus on lending in sectors such as affordable housing and microfinance. The fund aims for an internal rate of return of 14-14.5 percent and plans to invest in 45-55 entities over four years.

Idea for Vodafone: Ericsson has expanded its cooperation with Vodafone Idea, securing contracts for the implementation of 4G and 5G technologies in four new telecommunications circles. This came after Vodafone Idea awarded the company a network contract worth Rs 30,000 crore.

Dependent industries: Reliance Jio is in favor of the Telecom Regulatory Authority of India’s (Trai) revised consultation paper on spectrum allocation for satellite communications. Jio is stressing the need to ensure a level playing field between satellite and terrestrial services, which could impact the competitive landscape as companies such as Starlink and OneWeb plan to enter the Indian market.

Servotech power systems: The company has bagged an additional order to set up nine electric vehicle charging stations in Maharashtra, taking the total to 29. The order by the Nashik Municipal Corporation reflects the growing demand for electric vehicle infrastructure.

Kalyan Jewelers: The company reported strong revenue growth in India in Q2FY25 of 39%, driven by increased foot traffic and a 23% increase in same-store sales. The reduction in customs duties on gold imports has had a positive impact on sales, and the company plans to expand its presence in showrooms during the festive season.

MotoCorp Hero: Honda Motorcycle and Scooter India overtook Hero MotoCorp in terms of two-wheeler retail sales in September 2024, capturing 27.73% market share. However, both companies saw a decline in sales – in the case of Honda, sales declined by 4.53 per cent year-on-year to 3,33,927 units in September, while in the case of Hero MotoCorp, sales declined by 22.95 per cent and total sales stood at 2,71,390 units.

Nestle India: Suresh Narayanan, chairman and managing director of Nestlé India, will retire in July next year after a tenure that transformed the company and included the revival of the Maggi brand. Under his leadership, Nestlé India’s profits increased almost sevenfold, demonstrating a remarkable turnaround. The company has appointed former Amazon chief Manish Tiwary as its new managing director, effective August 1, 2025.

Tata engines: Jaguar Land Rover, owned by Tata Motors, reported a 3 percent decline in retail sales in the second quarter despite a 3 percent growth in the first half of the fiscal year. The company expects production to recover in the second half of the year once aluminum supply problems are resolved.

Ashok Leyland: The vehicle manufacturer plans to launch its first hydrogen-powered truck within 18-24 months and has started delivering electric trucks to Billion Electric Mobility. The company focuses on developing environmentally friendly transport solutions and expanding its offer of electric vehicles.

Ola Electric: According to reports, the company has received a notice from the Central Consumer Protection Authority following growing consumer complaints regarding service issues. The company has 15 days to respond to allegations of unfair trade practices and misleading advertising, amid growing public criticism.

Procter & Gamble: As the FMCG giant invests in understanding consumer behavior in high-speed commerce, its growth strategy in India focuses on optimizing supply chains through data analytics and artificial intelligence to increase operational efficiency and profitability.

Morepen Laboratories: The company plans to spin off its medical device business, potentially unlocking significant value. He forecasts the growth dynamics in this segment at 25-28%. and plans to develop the production of glucose meters.

AstraZeneca India: With two global capability centers in India driving innovation and digital transformation, the company aims to achieve its ambitious revenue target of $80 billion by 2030. Its hiring plans demonstrate a strong commitment to growth and technological advancement.

Bank of Baroda: Appointing cricket legend Sachin Tendulkar as brand ambassador could increase the visibility and appeal of BoB. The introduction of the “Bob Masterstroke Savings Account” is in line with the company’s strategy to attract premium customers.

Emami: The FMCG company is actively looking for development opportunities in the inorganic food, animal care and nutraceuticals industries. A focus on high-speed trading and a positive outlook for the upcoming festival season could drive revenue growth.

Hitachi Energy India: The company’s commitment to invest Rs 2,000 crore in energy transformation products and high voltage technology reflects its long-term growth strategy. Strengthening supply chains and expanding production capabilities are key elements of the plan.