Track ITC’s hotel spinoff and major market movers including Kotak’s leadership change and Vedanta’s growth. Don’t miss market updates!
With Q3 earnings season underway and key economic data on the horizon, investors are closely watching key stocks across sectors to plan their next moves.
As indicated by GIFT Nifty, Indian equity indices BSE Sensex and NSE Nifty 50 are likely to open lower on Monday, January 6. Here’s a look at the key stocks to watch in today’s trade.
Stocks in Focus: GIFT Nifty was trading 11.50 points or 0.05 per cent lower at 24,094.50 indicating a negative start for domestic indices NSE Nifty 50 and BSE Sensex on Monday.
Sensex and Nifty close lower on January 3
Indian stock markets ended in the red on January 3. The Sensex dropped 720.60 points or 0.90% to settle at 79,223.11, while the Nifty lost 184 points or 0.76% to close at 24,004.75. Similarly, the Nifty Bank index also faced losses, declining 617 points or 1.20% to finish at 50,988.80.
Stocks to watch on January 6, 2025
ITC
ITC is set to spin off its hotel business, with January 6 as the record date for the demerger. Following the restructuring, ITC will retain a 40% stake, while shareholders will directly own the remaining 60%. For every 10 ITC shares held, shareholders will receive one ITC Hotels share.
Read More: Zepto IPO: Company To File Draft Papers In March-April; All You Need To Know
Kotak Mahindra Bank
CTO and COO Milind Nagnur has announced his resignation, effective February 15, 2025.
Vedanta
The company in its Q3 FY25 business update posted a growth in its aluminium production, surging 3% YoY, reaching 614 kt, while mined metal output also rose by 3%.
HDFC Bank
In its quarterly update, HDFC Bank reported a 3% YoY growth in gross advances and a 15.8% increase in deposits. However, CASA deposits saw a 4.4% decline compared to previous year.
Bajaj Finance
The NBFC’s assets under management (AUM) climbed 28% YoY to ₹3.98 lakh crore as of December 31, 2024, with a ₹24,100 crore rise in Q3 alone. Deposits also grew 19% YoY.
JSW Infrastructure
JSW Infrastructure has signed a concession agreement with Northern Railway.
Brigade Enterprises
Brigade Enterprises, via its subsidiary Ananthay Properties, acquired a Bengaluru land parcel worth Rs 630 crore. The 20-acre residential project will offer 2.5 million sq. ft. of saleable area, with a gross development value of Rs 2,700 crore.
UCO Bank
In Q3 FY25 business update, its advances increased by 16.2% YoY, and deposits grew by 9.37%. Domestic advances recorded an 18.83% jump.
ICICI Bank
As per the regulatory filing, the Maharashtra GST Department has issued a demand and penalty order of Rs 100.76 crore against the bank for alleged tax discrepancies.
NTPC Green
NTPC Renewable Energy emerged as the top bidder in UPPCL’s e-reverse auction, securing 1000 MW at Rs 2.56/kWh and awaits the official Letter of Award.
