Stocks to watch, April 9: Financials, auto, real estate, Tata Motors, Signature Global, Senco Gold, and more

At 8:08 am, the GIFT NIFTY futures were trading at 22,474, down 44.50 points, or 0.20%. This implies that the NIFTY50 index will open 157 points lower.

RBI Governor Sanjay Malhotra will announce the first bimonthly monetary policy of the current fiscal year on Wednesday, the central bank said, amid expectations of a 25 basis point reduction in the short-term lending rate.

RBI's Monetary Policy Committee (MPC), headed by Governor Malhotra, started its three-day deliberations on the next set of credit policy on Monday.

There is also an expectation of a change in stance to accommodative from the current neutral.

In a clarification to the bourses, the Mumbai-based auto major said the UK-based automaker is yet to finalise a plan of action to deal with new tariffs.

"JLR is evaluating various options to suitably address the impact of the increased tariff in the US market, and the aforesaid news article refers to its immediate response," Tata Motors said in a regulatory filing.

The company's sale bookings stood at ₹4,140 crore in the fourth quarter of the 2023-24 fiscal year and ₹7,270 crore in the entire 2023-24 financial year.

The Kolkata-based jewellery retailer posted its highest-ever fourth-quarter revenue, exceeding ₹1,300 crore. For the full fiscal year, the company's topline crossed ₹6,200 crore, marking a 19.4% growth in retail sales and a 14.6% same-store sales growth (SSSG).

Notably, the company's revenue from non-East markets surpassed ₹1,100 crore.

Dayapar Wind Energy Project Phase-I in Gujarat, a BSE filing said on Tuesday.

"The second part capacity of 90 MW out of 150 MW Dayapar Wind Energy Project Phase-I of NTPC Renewable Energy Limited at Bhuj, under the 450 MW Hybrid Project, is declared in Commercial Operation w.e.f. 00:00 Hrs. of April 9, 2025," NTPC Green Energy Ltd (NGEL) said in the filing.

A memorandum of understanding (MoU) with the Mumbai Metropolitan Region Development Authority (MMRDA) was signed by REC Director Finance Harsh Baweja and Financial Advisor at MMRDA Ankush R. Nawale in the presence of Maharashtra Chief Minister Devendra Fadnavis at the India Global Forum (IGF) in Mumbai.

The MoU for ₹1 lakh crore worth of financing is for an array of infrastructure projects in the MMR, focusing on urban mobility, housing, and essential infrastructure.

In a regulatory filing on Tuesday, NBCC said it has signed a strategic Memorandum of Understanding (MoU) with RailTel to develop data centre projects from concept to commissioning in India and overseas for five years.

NBCC will provide project management consultancy services for the construction of data centre buildings and related civil/passive infrastructure, while RailTel will provide services related to planning, designing, supply, installation, testing, commissioning (SITC) and operations & maintenance (O&M) for IT-related infrastructure for data centres.

It posted a ₹41.62 crore net profit for the January-March quarter of FY24, the company said in an exchange filing.

The company's total income rose to ₹683.42 crore from ₹514 crore in the year-ago period.

Its expenses stood at ₹567.42 crore against ₹457.96 crore a year ago.

The MoU has been entered to establish a framework for cooperation between HUDCO and MMRDA wherein HUDCO shall explore and provide funds up to ₹1,50,000 Crore over a period of five years for the development of infrastructure projects to be implemented by MMRDA in the Mumbai Metropolitan Region. Further, HUDCO will also extend consultancy services and capacity-building activities to meet the emerging requirements of MMRDA.