Stocks to watch, April 2: Dabur, Swiggy, JSW Energy, Hyundai India, Tata Motors, Coal India, MOIL, KEC International, and more

Asian stocks fell in early trading after a choppy US session. Japan's Nikkei slipped 0.3%, and South Korea's benchmark index was 0.57% lower.

At 8:12 AM, the GIFT NIFTY futures were trading at 23,329, up 43.50 points, or 0.19%. This implies that the NIFTY50 index will open 7 points higher.

The order was issued by the Deputy Commissioner of Income Tax, Central Circle 1 (1), Bangalore.

It relates to alleged contraventions, including cancellation charges paid to merchants disallowed under Section 37 of the Income Tax Act of 1961 and interest income on income tax refunds not being offered to tax.

API Holdings provides healthcare services through its subsidiaries, such as Aknamed, Pharmeasy, Docon, Thyrocare, and Retailio.

The proposed transaction envisages the wealth management entity 360 ONE acquiring certain class B compulsorily convertible preference shares (CCPS B) of API Holdings from its existing shareholder, MEMG Family Office LLP (MEMG LLP), the regulator said.

"The CIL board at its meeting held on date, inter alia, approved enhancement of notified price of coal by Rs 10 per tonne, i.e., from existing Rs 10 per tonnenenene to Rs 20 per tonne for non-coking and Rs 10 per tonne for coking coal for regulated and non-regulated sectors across CIL towards contribution to the corpus of CMPS-1998," it said.

Besides, the state-owned said it produced 781.1 MT of coal in 2024-25, nearly 7% less than the company's target for the financial year.

CIL's coal production target for 2024-25 was 838 million tonnes (MT).

However, coal production by Coal India Ltd (CIL) grew marginally by 1% in FY25 over the year-ago period, the public sector enterprise said in a regulatory filing.

It said that the prices of all Ferro grades of manganese ore with manganese content of Mn-44% and above have been increased by 3% on the prices prevailing since 01.03.2025 w.e.f. midnight of 31.03.2025/01.04.2025 for the month of April, 2025.

The prices of all other Ferro grades of manganese ore with manganese content below Mn-44% have been increased by 0.5% on the prices prevailing since 01.03.2025 w.e.f. midnight of 31.03.2025/01.04.2025 for the month of April, 2025.

The company said it received the income tax reassessment order for FY18 due to the impact of reassessment proceedings under Section 263 of the Income Tax Act, 1961.

During FY25, JSW Energy said it added 3.6 GW of generation capacity.

The installed generation capacity at the end of FY25 stands at 10.9 GW, significantly surpassing the 10 GW capacity target set for FY25, the company said in a statement.

According to the bulk deal data available on the National Stock Exchange (NSE) and BSE, ICICI MF acquired 2.97 lakh shares each on both the bourses in Galaxy Surfactants.

The shares were purchased at an average price of ₹2,092 apiece, taking the combined transaction value to ₹124.47 crore.

In a regulatory filing on Tuesday, the company informed that its wholly owned step-down subsidiary, Ten X Realty East Ltd, has signed a Joint Development Agreement (JDA) for a residential project in Wadala, Mumbai.

"This landmark project is estimated to have a gross development value of approximately ₹5,000 crore..." the company said.

The company had dispatched 65,601 units in the same month last year.

Domestic dispatches to dealers stood at 51,820 units in March as compared with 53,001 units in the year-ago period. Exports stood at 15,500 units last month as compared with 12,600 units in March 2024.

The company's civil business segment has secured an order for a residential project from a leading private developer in Western India, it said in an exchange filing.

The transportation business has secured an order in the prestigious Train Collision Avoidance System (TCAS) segment under 'Kavach' in India. The cable business has secured orders for the supply of various types of cables in India and overseas.

The total dispatch of coal to NTPC's power stations stood at 44.72 MMT, up 26% year-on-year.

The company did not provide comparative production figures.

The automaker sold 90,822 units in the same month last year.

Overall passenger vehicle (PV) sales, including electric vehicles, were up 3% at 51,872 units compared to 50,297 units a year ago.

Total commercial vehicle sales declined 3% year-on-year (YoY) to 41,122 units in March.

For FY25, total sales declined 4% to 912,155 units against 949,015 units in the 2023-24 fiscal year.

The survey and investigation works of the Kuppa Pumped Storage Project (750 MW), Chhota Udaipur, Gujarat, were halted due to circumstances beyond the control of the company and are expected to resume at the earliest, NHPC said in an exchange filing.

Domestic two-wheeler registered growth of 14%, with sales increasing from 260,532 units in March 2024 to 297,622 units in March 2025.

The first letter of award is for a wind-solar (69.3 MW - 75 MW) hybrid project in Rajasthan.

Besides, the company has been declared the lowest bidder for a turnkey solar project of a 260 MW plant in Gujarat.

Additionally, the company has received a letter of award for a PV plant in Rajasthan.

Advances against gold and gold jewellery (excluding receivables secured against gold) jumped 35.43% YoY to ₹14,094 crore.