Key stocks like Tata Motors, NMDC, South Indian Bank, and RailTel are in focus today. Stay updated on market movements and company developments shaping the trading session.
Here’s a roundup of stocks to keep an eye on for January 2, 2025:
- Auto Stocks: Tata Motors, Maruti Suzuki, and other auto companies will be in focus as they release their December sales and production figures.
- Telecom Stocks: Telecom operators saw a 10.5% increase in gross revenue year-on-year (Y-o-Y) in Q3 FY25, thanks to tariff hikes, as per TRAI’s latest report.
- NMDC: Iron ore production rose by 5.1% Y-o-Y to 4.71 MT in December 2024. However, sales fell 6.7% to 3.91 MT.
- South Indian Bank: Gross advances grew by 11.94% Y-o-Y to ₹77,686 crore.
- Karur Vysya Bank: Total business increased 14.93% Y-o-Y to ₹1.82 trillion as of December 31, 2024.
- CSB Bank: The bank's deposits grew 22.17% Y-o-Y, while gross advances rose 26.45% Y-o-Y.
- Hero MotoCorp: Received an additional tax demand of ₹26.40 crore for the assessment year 2020-21.
- Easy Trip Planners: Rikant Pittie has been appointed as the new CEO, succeeding Nishant Pitti.
- India Cements: Appointed Suresh Vasant Patil as CEO and Krishnagopal Ladsaria as CFO.
- Adani Energy: Tamil Nadu Power Distribution Corporation canceled a tender for smart meters due to high costs quoted by AESL.
- RailTel Corporation: Secured a ₹78.43 crore work order from Bharat Coking Coal Ltd for IT-based security infrastructure.
- Ambuja Cements: Received a ‘no objection’ for the amalgamation of Adani Cementation with the company.
- Ind-Swift Laboratories: Completed the purchase of 40 bighas of land in Punjab for ₹17.72 crore.
- Ugro Capital: Acquired shares in fintech platform MyShubhLife (Datasigns Technologies).
- Goa Carbon: Restarted production at its Bilaspur factory in Chhattisgarh on January 1.
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