Stocks to watch: Shares of firms like YES Bank, PNB, DMart, Adani Ent, LIC, Hero MotoCorp, Maruti, and others will be in focus on Wednesday’s trade.
Stocks To Watch On January 3: GIFT Nifty on the NSE IX traded 75.5 points, or 0.35 per cent, lower at 21,676.50, signaling that Dalal Street was headed for negative start on Wednesday. Here’s a slew of stocks that will be in focus today for various reasons.
Adani Group: The Supreme Court is expected to announce its verdict in the Adani-Hindenburg case later on Wednesday.
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YES Bank: The lender’s loans and advances, at the end of Q3FY24, stood at Rs 2.17 trillion, up 11.9 per cent Y-o-Y. The deposits were Rs 2.41 trillion, up 13.2 per cent Y-o-Y.
Maruti Suzuki: The company recorded total production at 1.21 lakh units, down 2.9 per cent Y-o-Y, and passenger car production at 64,802 units, down 3.7 per cent Y-o-Y.
Hero MotoCorp: The company recorded vehicle sales at 393,952 units, down 0.1 per cent Y-o-Y, and motorcycle sales at 354,658 units, down 0.6 per cent Y-o-Y. The company’s exports stood at 16,110 units, up 25.7 per cent Y-o-Y.
CSB Bank: The bank’s gross advances grew 22.6 per cent Y-o-Y to Rs 22,863 crore in Q3FY24, while deposits were up 20.65 per cent on year at Rs 27,344 crore.
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Punjab National Bank: It has posted a 13.5 per cent growth in advances to Rs 9.72 trillion for the December quarter. Besides, PNB’s deposits rose at 9.4 per cent to Rs 13.23 trillion.
Bank of Maharashtra: It saw a 20.28 per cent increase in loan growth to Rs 1.88 trillion, while deposits climbed 18 per cent Y-o-Y to Rs 2.45 trillion.
Avenue Supermarts: Sharing its Q3 business update, DMart said the company recorded a standalone revenue of Rs 13,247 crore, up 17.2 per cent Y-o-Y during the quarter, with the number of stores at 341 as of December 31.
V-Mart Retail: The retail store’s revenue from operations grew 14 per cent Y-o-Y in Q3FY24 at Rs 889 crore, including Rs 17 crore from LimeRoad. The same store sales growth (SSSG) stood at over 4 per cent for the quarter.
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Shyam Metalics: Shyam Metalics and Energy Ltd. has launched its qualified institutional placement to raise up to Rs 3,600 crore. The floor price has been set at Rs 597.63 apiece, a discount of 7.06 per cent from its previous close on the NSE.
Mahindra EPC Irrigation: The company received four orders worth Rs 13.34 crore from the office of the Assistant Engineer of the Water Users Association for the supply of pressurized micro irrigation systems.
MOIL: The company recorded a production volume of 1.85 lakh MT, up 31 per cent Y-o-Y for December, while sales were at 11.01 lakh MT, up 40 per cent YoY from April to December.
Affle (India): It will buy a 9.03 per cent stake in Explurger for Rs 37.3 crore.
Sudarshan Pharma Industries: The company is taking legal action against Regans International for non-delivery of material despite an advance payment of AED 3599048 six months earlier.
DCB Bank: The Reserve Bank of India (RBI) has allowed ICICI Prudential AMC and ICICI Ventures to pick 9.95 per cent stake.
Birlasoft: Manjunath Kygonahally has taken over as the chief executive officer of the rest of the world region, effective from January 2.
Exide Industries: The company will increase its corporate guarantee to Exide Energy Solutions from Rs 2,000 crore to Rs 3,000 crore.
Life Insurance Corporation: The company has received a tax demand of Rs 117 crore from Telangana tax authorities for FY17.
Brigade Enterprise: The company has acquired an additional 4.53 per cent stake in BCV Developers.
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