Stocks to watch: Shares of firms like Tata Motors, Maruti, Easy Trip Planners, Realtel, Ambuja, and others will be the focus of Thursday’s trade.
Stocks to watch on January 2, 2025: India’s frontline indices, the S&PSE Sensex and the Nifty, started the year on a positive note on Wednesday, with buying activity picking up in most sectors, particularly automobiles and banking. The Sensex gained 368.40 points (0.47%) to close at 78,507.41, while the Nifty gained 98.10 points (0.41%) to close at 23,742.90.
Auto Stocks: Key auto stocks like Tata Motors and Maruti Suzuki will be in focus after the release of their December sales and production figures.
Telecom Stocks: Telecom operators saw a 10.5% year-on-year (YoY) growth in total revenue, reaching Rs 91,426 crore in the September 2024 quarter. According to a Telecom Regulatory Authority of India (TRAI) report, this development has come with a hike in mobile service provider tariffs.
NMDC: The company reported a 5.1% year-on-year increase in iron ore production to 4.71 million tonnes (MT) in December 2024. However, iron ore sales declined by 6.7% to 3.91 MT from 4.19 MT in the same period last year.
South Indian Bank: The bank reported an 11.94% year-on-year growth in gross advances, reaching Rs 77,686 crore as against Rs 86,965 crore a year ago.
Reliance Power: Sasan Power Limited, a subsidiary of Reliance Power, has made a lump sum payment of $150 million to IIFCL, UK, meeting its debt obligations by December 31, 2024. The payment is expected to improve liquidity, enhance credit ratings and strengthen Sasan Power’s debt. Coverage Matrix Reliance Power, a zero-debt company, also recently raised Rs 1,525 crore through a preferential issue of equity-linked warrants.
Karur Visaya Bank: The bank’s total turnover rose 14.93 percent to Rs 1.82 trillion as of December 31, 2024, from Rs 1.58 trillion a year ago.
CSB Bank: The private sector lender reported a 22.17 percent year-on-year growth in total deposits, which reached Rs 33,406 crore. Gross advances also increased by 26.45% YoY to Rs 28,914 crore.
Hero MotoCorp: The company received an additional tax demand of Rs 26.40 crore from the Income Tax Department for the year 2020-21.
Easy trip planner: Known as EaseMyTrip, the company appointed Rekanth Patti, co-founder, as CEO, replacing his brother Nishant Patti.
India Cements: According to a regulatory filing, the board of India Cements has approved the appointment of Suresh Vasant Patil as CEO and Krishna Gopal Lidasaria as CFO.
Adani Energy: The Tamil Nadu Power Distribution Corporation has canceled a global tender for procurement of smart meters, citing the high price quoted by Adani Energy Solutions Limited (AESL).
Realtel Corporation: The company bagged a work order worth Rs 78.43 crore from Bharat Coking Coal Limited for installation of integrated IT-based security infrastructure and related services.
Ambuja Cements: The company received an observation letter from the Bombay Stock Exchange (BSE) with “no adverse remarks” and “no objection” from the National Stock Exchange of India (NSE) regarding Adani Cement’s scheme of merger with Ambuja Cements. .
IND SWIFT LABORATORIES: The company has completed the acquisition of 40 bighas of land in Punjab worth a total of Rs 17.72 crore.
Ugro Capital: Ugro Capital entered into a stake purchase agreement and shareholders agreement in MyShubhLife (Datasigns Technologies), a Bangalore-based embedded finance fintech platform.
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