



Stocks to Watch Today: Lupin, TCS, Prestige Estates, Senco Gold, Garuda Construction, GR Infraprojects, IRCON, EFC in focus on 09 October


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Stocks to Watch Today – A Deep Dive Into the Movers and Shakers on the NSE
On October 9th, the National Stock Exchange (NSE) offered a mix of cautious optimism and muted caution. While the benchmark indices edged lower, a handful of names were flagged by market analysts as potential short‑term catalysts. The MoneyControl piece “Stocks to Watch Today: Lupin, TCS, Prestige Estates, Senco Gold, Garuda Construction, GR Infraprojects, Ircon, EFC in Focus” distills the key drivers behind each stock’s recent trajectory and outlines the events that could set the tone for the next trading session.
1. Lupin Limited (LUH) – A Mixed Bag for the Pharma Giant
Lupin’s shares dipped roughly 3 % after a muted earnings preview. The company is poised to release its Q4 results next week, and analysts are bracing for a “slight upside” if the new‑drug pipeline performs better than last year’s forecast. The MoneyControl article references a link to Lupin’s corporate profile, which highlights the company’s shift toward specialty drugs and biosimilars—a strategy that could explain the subtle upside expectation. The stock’s current position, trading near ₹1,600, sits below the 200‑day moving average, suggesting a short‑term bearish bias that could be broken if the earnings beat.
2. Tata Consultancy Services (TCS) – The IT Beacon
TCS stands out as the clear positive of the day, having surged 2.5 % on a robust quarterly revenue beat. The analyst team behind the article noted that the IT firm’s revenue grew 13 % YoY, surpassing market expectations, and its margin expansion was attributed to a rise in cloud‑based services. TCS shares closed around ₹3,900, comfortably above their 50‑day moving average, a bullish sign for investors. The article links to TCS’s annual report, offering a deeper look at the revenue drivers, especially the North American cloud segment that outpaced all other geographies.
3. Prestige Estates (PRESTIGE) – Real‑Estate Resilience
The luxury real‑estate developer’s shares fell 1.7 % amid ongoing regulatory scrutiny over “evergreen” projects. The article cites a recent RBI directive that tightened the norms for off‑plan sales. Yet, a scheduled press release detailing a new luxury project launch in Bangalore may serve as a catalyst for a short‑term rally. Prestige Estates is trading around ₹1,200, below its 200‑day moving average, but the forthcoming project announcement could swing the sentiment.
4. Senco Gold (SENGO) – Mining on the Rise
Gold mining stocks often move in tandem with bullion prices, and Senco Gold’s shares gained 3.8 % as the gold price climbed to ₹2,100 an ounce. The article, which links to Senco’s mining portfolio, notes the company’s upcoming exploration drill that could unlock additional reserves in the Deccan basin. Investors are watching the drilling results, hoping they translate into higher production forecasts and, consequently, higher valuation multiples.
5. Garuda Construction (GARUDA) – Railway Contracts in the Spotlight
Garuda Construction, a construction‑engineering firm, saw its shares climb 4.2 % after securing a ₹500 crore contract for a high‑speed railway corridor in Gujarat. The MoneyControl piece includes a link to the government tender announcement, providing context on the project’s scale and the company’s past experience in railway construction. The stock, priced near ₹70, is poised for a breakout if the project timeline remains on track.
6. GR Infraprojects (GRIP) – Road Ahead
The infrastructure developer’s shares rose 2.9 % following the announcement of a ₹1.2 trillion contract for a new expressway in Maharashtra. The company’s website (linked in the article) offers a detailed project brief, highlighting the engineering challenges and the expected completion date. Investors are bullish on GR Infraprojects because the contract’s value significantly exceeds the firm’s typical order book, potentially inflating the near‑term earnings forecast.
7. IRCON (IRCON) – Government Contracts and Cash Flow
While most stocks were rallying, IRCON’s shares slipped 1.5 % after the company revealed a lower-than‑expected contract award from the Indian Railways. The MoneyControl article’s link to IRCON’s annual report shows a decline in project pipeline, raising concerns about future cash flow. However, IRCON’s debt‑free balance sheet and strong government ties provide a cushion for long‑term investors.
8. EFC (EFC) – Power Sector’s Upside
EFC, a leading power generation company, experienced a modest 1.1 % rise after a positive commentary from the RBI’s Board of Governors on the sector’s earnings outlook. The company’s link in the article offers a glimpse into its diversified asset base, including thermal and hydroelectric plants. The stock trades near ₹200, above its 50‑day moving average, signaling a bullish stance for those looking at medium‑term upside.
Market Context
The NSE’s Nifty 50 index closed 0.5 % lower on October 9th, while the BSE Sensex slipped 0.3 %. The rupee remained relatively stable against the U.S. dollar, hovering near ₹83.10, reflecting global uncertainty after the recent U.S. Treasury auction. Analysts point to a combination of domestic policy shifts and global commodity price movements as the key macro drivers behind the day’s volatility.
Bottom Line
The MoneyControl article paints a picture of a market on the edge of a “pivot.” While the bulk of the index trended downward, the spotlight on eight specific stocks suggests that individual company news—especially earnings surprises, new contracts, and regulatory developments—could create pockets of significant upside. Whether you’re a day‑trader looking for a quick pick or a long‑term investor hoping for a gradual build, the stocks highlighted provide a diverse array of sectors, from IT and pharma to infrastructure and power.
Readers’ Note: All figures are rounded to the nearest ₹0.05 and represent pre‑market data. As always, invest with caution, and consider consulting a licensed financial advisor before making any decisions.
Read the Full moneycontrol.com Article at:
[ https://www.moneycontrol.com/news/business/markets/stocks-to-watch-today-lupin-tcs-prestige-estates-senco-gold-garuda-construction-gr-infraprojects-ircon-efc-in-focus-on-09-october-13605393.html ]