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Stocks to watch: Shares of firms like Tata Motors, ITC, DM Mart, IRFC, Varun Beverages, IOC, and others will focus on Friday’s trade.
Stocks to view today.
Stocks to watch on January 3: After a strong market session on Thursday, the benchmark index rose nearly 2 percent, as various news developments will focus on stocks of several companies today. Shares of DMart, ITC, Hero MotoCorp, NHPC, and others will be closely watched.
Avenue Supermarkets (DMart): Avenue Supermarts Ltd, owner of DM Mart, reported a 17.5% rise in standalone income from operations for the third quarter at Rs 15,565.23 crore for the quarter ended December 31, 2024.
Bank of Maharashtra: The bank reported 21.19% YoY growth in gross advances to Rs 2,28,652 crore for the third quarter from Rs 1,88,670 crore last year. CASA deposits also increased by 11.5 percent to Rs 1,37,504 crore.
India Zinc: The company’s mined ore production declined by 2% to 2,65,000 tonnes in FY25 as against 2,71,000 tonnes in FY24. Marketable metal production was flat at 2,59,000 tonnes.
MOIL: MOIL recorded its best ever Q3 performance in October-December 2024, achieving 4.6 lakh tonnes of manganese ore production, and sales of 3.88 lakh tonnes, compared to the same period last year. reflecting a 13 percent increase.
Varun Beverages: The company will invest Rs 412 crore in its South African subsidiary Beverage Company Proprietary (Beco), which manufactures and distributes PepsiCo products and own-brand soft drinks in South Africa.
IOC: Indian Oil Corporation (IOC) will provide fuel services at Noida International Airport (NIA) in Jewar, Uttar Pradesh.
JK Laxmi Cement: The company has received approval for the merger of three subsidiaries — Udaipur Cement Works, Hansdeep Industries and Trading, and Hydrive Developers and Industries — into JK Laxmi Cement.
Tata Motors/M&M: Mahindra & Mahindra (M&M) and Tata Motors have cleared incentive claims worth Rs 246 crore under the government’s Rs 25,938 crore PLI scheme for the automobile and auto parts industry.
Zee Entertainment Enterprises: The Securities and Exchange Board of India (SEBI) has rejected a settlement request by Zee Entertainment and CEO Puneet Goenka for alleged violations of Listing Obligations and Disclosure Requirements (LODR) regulations.
Bharti Airtel: The company has entered into an agreement to acquire 26% equity stake (3,78,90,005 shares) in AMP Energy Green Three Pvt.
IRFC: Indian Railway Finance Corporation (IRFC) signs Memorandum of Understanding (MOU) with REMC to finance renewable energy projects for Indian Railways along with thermal, nuclear and renewable energy projects under a captive model. have done
RITES: RITES has bagged a work order worth Rs 69.78 crore from Steel Authority of India Limited – Bhallai Steel Plant to repair WDS6 locomotives over the next three years.
NHPC: NHPC has received a second payout of Rs 250 crore under its mega insurance policy (BI) for the flood damage at Teesta-V power station on October 4.
Biocon: Biocon Pharma, a subsidiary of Biocon, has received approval from China’s National Medical Products Administration (NMPA) for Tacrolimus capsules in strengths of 0.5mg, 1mg and 5mg.
ITC: The record date for ITC Hotels merger is 6th January, which means today is the last day to buy ITC shares to be eligible to get ITC Hotels shares.
Disclaimer:Disclaimer: The opinions and investment tips of the experts in this News18.com report are their own and not those of the website or its management. Users are advised to consult certified experts before making any investment decision.
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