Stock to watch today: Tejas Networks, Tata Motors, Grasim Industries

Sensex declined to below the 50,000 marks as volatility in the markets grew. At 10.35, the benchmark index rose to the 49k mark. Check stocks which are promising today.

New Delhi (Anish Yande): 

Sensex declined to below the 50,000 marks as volatility in the markets grew. At 10.35, the benchmark index rose to the 49k mark, with an increase to 49,053. The benchmark index decreased to 48,530 mark further in the day. Nifty 50 declined from the previous close of 14,477 to 14,295. 

Grasim Industries:

Grasim Industries announced its entry into the paints segment. The Mumbai-based manufacturer would be drawing investment of Rs 5,000 crores. Grasim Industries would be entering the paints segment as the company looks to expand growth. 

The proposed branch of the company in the paints segment would contribute scale, diversity, and size to the current portfolio of the company. 

Tata Power:

Tata Power, the electric utility company, has announced securing an order from the power company NTPC. The Indian PSU issued an order of Rs 1,200 crore to Tata Power. Under the order, Tata Power would be constructing 320 megawatts ground-mounted solar plants through the project. 

The commercial operation date of the solar project has been set for May 2022. The order pipeline of the Tata Power solar project is estimated at Rs 12,000 crore. 

Tejas Networks:

Prominent investor Vijay Kedia has acquired more shares of Tejas Networks. The investor increased his previous investment in the company, which manufactures networking products for telecom operators. The earlier stake of Tejas Networks was at 5.04 percent previously. Vijay Kedia's stake in Tejas Networks has been revised to 5.39 percent. 

Tata Motors:

Tata Motors has increased the prices of its vehicles in the passenger vehicles category. The automobile company would be increasing prices across the range of vehicles by Rs 20,000. The increasing costs in input costs and semiconductors have led the company to increase the prices of vehicles. 

Tata Motors would be offering price protection for customers who have booked their vehicles on or before January 21.

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