Stocks in news: Fractal Analytics, RIL, Cochin Shipyard, Trent, Britannia

Synopsis

Markets saw volatility but recovered modestly on Monday, with analysts maintaining a cautious outlook. Several stocks like Fractal Analytics, RIL, and Cochin Shipyard are in focus due to significant news, including joint ventures, expansion plans, and major order wins. The upcoming weekly expiry is expected to contribute to further volatility on Tuesday.

Markets traded with volatility on Monday but staged a modest recovery after a weak start, supported by selective buying. Analysts said they maintain a cautious stance on the index due to ongoing choppiness and mixed cues. The scheduled weekly expiry could lead to another volatile session on Tuesday.

In today's trade, shares of Fractal Analytics, RIL, Cochin Shipyard, Trent, Britannia among others will be in focus due to various news developments.

Fractal Analytics
Prabhudas Lilladhar says Fractal is a differentiated play in the fast-evolving enterprise AI landscape, highlighting its transition from a pure analytics services provider to an AI platform-led company. The broker initiated coverage on the stock with a target price of Rs 1,260.

RIL
Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries Ltd (RIL) has formed a joint venture with Nigeria's Tropical General Investments (TGI) Group, aiming to expand its business footprint in one of Africa’s largest consumer markets.

Britannia Industries

Bakery company Britannia Industries will invest to fight the "regional competition" against small players and in e-commerce to become stronger in product categories like biscuits, rusk, cake, croissants and wafers.

Denta Water

Denta Water and Infra Solutions on Monday said that it has secured orders worth Rs 377 crore during the April-December period this fiscal year, taking its total order book to Rs 841 crore. The company has also secured two projects in the capacity of a subcontractor and holds an L1 (lowest bidder) position in two projects, subject to final approvals, Denta Water and Infra Solutions said.

Trent
Trent plans to open more stores in smaller cities and towns in the world's most-populous country, betting on demand growth outside the key metro markets, according to remarks by a top executive on Monday. The Tata group firm, ‌which runs ⁠youth-focused ⁠fashion chains Zudio and Westside, added more than 100 stores in the nine months to December, taking the tally to over 1,100. Analysts say expansion will drive Trent's near-term earnings growth.

Lupin
Drug firm Lupin said it has inked a license and supply agreement with Spektus Pharma to commercialise the novel antidepressant DeslaFlex in Canada. The collaboration further strengthens Lupin's CNS portfolio with physician-endorsed, value-added therapies, well aligned with a supportive regulatory environment.

Cochin Shipyard
Cochin Shipyard has been declared as L1 in the tender floated by the Ministry of Defence for construction of five of Next Generation Survey Vessels (NGSV) for the Indian Navy. The estimated total order value is around Rs 5,000 crore.

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