Stocks to Watch: Hyundai Motor, Maruti Suzuki, JSW Energy, Lupin and more

view original post

Stocks to Watch: Auto majors Hyundai and Maruti Suzuki logged a 6% YoY dip in June sales. Lupin gained momentum with US FDA approval for its eye gel. JSW Energy powered up with a battery deal. Godrej Properties exited Vivrut Developers with a ₹8.63 Cr stake sale. Keep an eye on these movers.

2 Min Read

Hyundai Motor India Ltd | The company has reported a 6% year-on-year decline in total sales for June, down to 60,924 units from 64,803 units in the same month last year. Domestic dispatches fell 12% to 44,024 units compared to 50,103 units in June 2024.

Maruti Suzuki India Ltd | The company has posted a 6% year-on-year drop in total sales for June, with figures declining to 167,993 units from 179,228 units in June 2024. Domestic passenger vehicle dispatches stood at 118,906 units—down 13% from 137,160 units a year ago.

Lupin Ltd | The pharma company has secured US FDA approval for its abbreviated new drug application (ANDA) for loteprednol etabonate ophthalmic gel, 0.38%.

JSW Energy Ltd | JSW Renew Energy Thirty Seven Ltd, a subsidiary of JSW Energy, has signed a Battery Energy Storage Purchase Agreement (BESPA) with Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RVUNL) to establish a 250 MW/500 MWh standalone battery energy storage system (BESS).

Godrej Properties Ltd | The company has announced the sale of its 2.5% stake in Vivrut Developers Pvt Ltd to Godrej Ventures and Investment Advisers Pvt Ltd for ₹8.63 crore, under a newly executed share purchase agreement.

Nazara Technologies Ltd | Nodwin Gaming, a subsidiary of Nazara Technologies, has completed the acquisition of a 92.3% stake in AFK Gaming Pvt Ltd. The deal, finalised through a share purchase agreement dated December 18, 2024, was valued at ₹7.58 crore.