Stocks to Watch Today, 2nd April 2025: Tata Motors, Swiggy, Coal India, JSW, and more

Indian markets are set to open flat on Wednesday, April 2, 2025 as investors stay cautious ahead of tariff announcements from the United States later in the day. Earlier in the day, around 7:34 AM IST, the GIFT Nifty futures were up by 9 points at 23,331, signalling a slight positive start. That lackluster call comes after a rout in the previous session, with the 30-share Sensex falling 1,390.41 points, or 1.80 per cent, to end the day at 76,024.51, while the Nifty50 dropped 353.65 points, or 1.50 per cent, to close at 23,165.70.

Key Stocks in Focus

Maruti Suzuki, Tata Motors and other automobile manufacturers will be under the spotlight after announcing their sales data for March. Maruti Suzuki's total sales for March 2025 rose by 3 per cent to 192,984 units, but did not meet expectations. Tata Motors domestic sales in March 2025 remained flat at 90,500 units while sales of passenger vehicles (including EVs) increased 3 percent and commercial vehicles sales fell 3 per cent. TVS Motor Company posted an all-time high of annual sales of 4.74 million units in FY25, a growth of 13 per cent; while, March sales grew by 17 per cent. Ola Electric also recorded 23,430 units in March, reflecting solid demand.

Swiggy has been issued an assessment order seeking payment of more than ₹158 crore towards additional taxes between April 2021 and March 2022, including on alleged under-reporting of cancellation charge and interest income. The order is now under review by the company. Nearly 600 customer support staff have reportedly been laid off from Zomato.

Coal India board has approved a price hike of ₹10 per tonne each in the prices of coking and non-coking coal, effective 16 April. But coal production at the company dipped 3.1 per cent in March 2025 from the same month a year earlier. 

JSW Group intends to invest ₹60,000 crore (US$7 billion) in capacity expansion in FY26, of which ₹15,000 crore is earmarked for its electric vehicle (EV) business. 

JSW Energy surpasses its FY25 target, achieves installed general capacity of 10.9 GW. 

NTPC group reported a 4 per cent rise in power generation at 238.6 billion units (BUs) in 2024-25 financial year ending March 31. 

KEC International: The company has bagged new orders worth ₹1,236 crore, including power contracts for the UAE, Kuwait and India.

BEL: Hi-Tech Pipes, 485,447 MT annual sales volume in FY25, highest ever, visit 24% Y-o-Y increase Bharat Electronics Ltd. (BEL) received orders of ₹18,715 crore in FY25, lower than FY25 order target of ₹25,000 crore but revenue growth outperformed expectations. 

Hindalco Industries has released a vision for sustainable growth through recycling and a capital expenditure plan to quadruple its recycling capacity by FY30.

Godrej Properties sold 275 homes of over ₹2,000 crore during the launch of its luxury project in Noida Raymond has entered into a joint development agreement with a potential development value of ₹5,000 crore for a large-scale residential project in Mumbai.

L&T Technology Services in a deal signed with a European automotive company to develop next-gen software platforms worth Euro 50 million.

BSNL: A committee will be formed by the government to study the assets of MTNL and BSNL in Mumbai and make a decision.

Dabur India received ₹110.33 crore tax demand for FY18. 

Pidilite Industries appointed Sudhanshu Vats as Managing Director, and Kavinder Singh as Joint Managing Director, effective from April 10, 2025.

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