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Stocks to watch: Shares of firms like Tata Motors, ITC, DMart, IRFC, Varun Beverages, IOC, and others will be in focus on Friday’s trade
Stocks To Watch Today.
Stocks To Watch On January 3: After a strong market session on Thursday, with the benchmark index surging nearly 2%, stocks of several companies will be in focus today due to various news developments. Shares of DMart, ITC, Hero MotoCorp, NHPC, and others will be watched closely.
Avenue Supermarts (DMart): Avenue Supermarts Ltd, the owner of DMart, reported a 17.5% increase in standalone revenue from operations for Q3, amounting to Rs 15,565.23 crore for the quarter ending December 31, 2024.
Bank of Maharashtra: The bank reported a 21.19% YoY rise in gross advances to Rs 2,28,652 crore for Q3, up from Rs 1,88,670 crore in the previous year. CASA deposits also rose 11.5% to Rs 1,37,504 crore.
Hindustan Zinc: The company’s mined metal production declined 2% to 2,65,000 tonnes for FY25, compared to 2,71,000 tonnes in FY24. Saleable metal production remained flat at 2,59,000 tonnes.
MOIL: MOIL recorded its best-ever Q3 performance in October-December 2024, achieving production of 4.6 lakh tonnes of manganese ore, and sales of 3.88 lakh tonnes, reflecting a 13% increase over the same period last year.
Varun Beverages: The company will invest Rs 412 crore in its South African subsidiary, Beverage Company Proprietary (Bevco), which manufactures and distributes PepsiCo products and own-branded non-alcoholic beverages in South Africa.
IOC: Indian Oil Corporation (IOC) will provide fuelling services at the Noida International Airport (NIA) in Jewar, Uttar Pradesh.
JK Lakshmi Cement: The company has received approval for the merger of three subsidiaries—Udaipur Cement Works, Hansdeep Industries and Trading, and Hidrive Developers and Industries—into JK Lakshmi Cement.
Tata Motors/M&M: Mahindra & Mahindra (M&M) and Tata Motors have received approval for Rs 246 crore in incentive claims under the government’s Rs 25,938 crore PLI scheme for the automobile and auto components industry.
Zee Entertainment Enterprises: The Securities and Exchange Board of India (SEBI) rejected Zee Entertainment and CEO Punit Goenka’s settlement application related to alleged violations of the Listing Obligations and Disclosure Requirements (LODR) regulations.
Bharti Airtel: The company has entered into an agreement to acquire 26% equity shares (3,78,90,005 shares) in AMP Energy Green Three Private Limited.
IRFC: Indian Railway Finance Corporation (IRFC) has signed a Memorandum of Understanding (MOU) with REMC to finance renewable energy projects for Indian Railways, along with thermal, nuclear, and renewable power projects under a captive model.
RITES: RITES has secured a Rs 69.78 crore work order from Steel Authority of India Limited – Bhilai Steel Plant to repair WDS6 locomotives over the next three years.
NHPC: NHPC has received a second payment of Rs 250 crore under its Mega Insurance Policy for Business Interruption (BI) losses caused by the flash flood at the 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 0.5mg, 1mg, and 5mg strengths.
ITC: The record date for the ITC Hotels de-merger is January 6, meaning today is the last day to buy ITC shares to be eligible for receiving shares of ITC Hotels.
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