Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, order wins, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
Quarterly Earnings (Provisional Numbers)Bank of Maharashtra Q3 (YoY)Total business grows 16.9% to Rs 5.08 lakh crore Vs Rs 4.34 lakh crore
Gross advances increase 21.2% to Rs 2.29 lakh crore Vs Rs 1.89 lakh crore
Total deposits up 13.5% at Rs 2.79 lakh crore Vs Rs 2.46 lakh crore
CASA ratio drops to 49.28% Vs 50.19%
V2 Retail Q3 (YoY)Standalone revenue grows 58% to Rs 591.03 crore Vs Rs 373.76 crore
Same store sales growth at 25%
Total number of stores as of December 2024 stands at 160
Gross advances increase 19.2% to Rs 6,816 crore Vs Rs 5,718 crore
Total deposits grow 12% to Rs 8,384 crore Vs Rs 7,482 crore
Gross NPA at 2.67% Vs 2.97%
Gross NPA at 2.67% Vs 2.61% (QoQ)
Avenue Supermarts-DMart Q3 (YoY)Standalone revenue grows 17.5% to Rs 15,565.23 crore Vs Rs 13,247.33 crore
Total number of stores as of December 2024 stands at 387
Hindustan Zinc Q3 (YoY)Mined metal production falls 2% to 2,65,000 tonnes Vs 2,71,000 tonnes
Saleable metal production flat at 2,59,000 tonnes
Refined zinc production inches higher to 2,04,000 tonnes Vs 2,03,000 tonnes
Refined lead production drops to 55,000 tonnes Vs 56,000 tonnes
MOIL Q3 (YoY)Manganese ore sales grow 13% to 3.88 lakh tonnes
Production of manganese ore at 4.6 lakh tonnes
Monthly Auto SalesHero MotoCorp (December YoY)Total sales plunge 17.5% to 3.25 lakh units Vs 3.93 lakh units
Domestic sales decline 22.1% to 2.94 lakh units Vs 3.77 lakh units
Exports jump 90.9% to 30,754 units Vs 16,110 units
Stocks To WatchBharti AirtelThe telecom operator has entered into an agreement to acquire a 26% equity stake in AMP Energy Green Three for Rs 37.89 crore. AMP Energy is a special purpose vehicle formed for owning and operating a captive power plant.
Varun BeveragesThe company has invested Rs 412.8 crore by subscribing to ordinary shares of its subsidiary, The Beverage Company Proprietary, South Africa.
Indian Railway Finance Corporation (IRFC)IRFC has signed a Memorandum of Understanding (MOU) with REMC to collaborate on financing renewable energy projects awarded by REMCL for supply to Indian Railways. The partnership also extends to exploring financing options for thermal, nuclear, and renewable power projects established under a captive model through joint ventures involving Indian Railways and other entities. REMC is a joint venture of the Ministry of Railways (MOR) and RITES.
RITESThe company has received a work order worth Rs 69.78 crore for the R3Y/R6Y repair of 43 WDS6 locomotives over three years, from Steel Authority of India - Bhilai Steel Plant.
NHPCThe company has received the second gross payment of Rs 250 crore under the Mega Insurance Policy against the insurance claim for Business Interruption (BI) losses caused by a flash flood that occurred on October 4 at the Teesta-V Power Station (510 MW).
BioconThe company’s subsidiary, Biocon Pharma, has received approval for Tacrolimus capsules in 0.5mg, 1mg, and 5mg strengths from the National Medical Products Administration (NMPA), China. Tacrolimus is an immunosuppressant used in the treatment of organ transplant patients, reducing the body’s ability to reject a transplanted organ.
Axiscades TechnologiesArun Krishnamurthi has resigned as Chief Executive Officer & Managing Director of the company, due to personal reasons, effective January 2.
Honasa ConsumerMaster Zairus has resigned as Chief Business Officer of the company, effective February 28, 2025, due to personal reasons.
WockhardtThe Indian drug regulator, the Central Drugs Standard Control Organization (CDSCO), has approved the new-generation oral antibiotic Miqnaf (nafithromycin). Miqnaf is used in the treatment of community-acquired bacterial pneumonia (CABP) in adults.
PricolThe Board has approved the divestment of the wiping business division of the company to Auto Ignition on a slump sale basis for Rs 20 crore.
Allcargo LogisticsCELM Logistics SA de CV, Mexico, a step-down wholly owned overseas subsidiary of the company, has been voluntarily liquidated effective December 12, 2024. Consequently, CELM Logistics SA de CV, Mexico, has ceased to be a step-down wholly owned overseas subsidiary of the company.
PB FintechThe company has incorporated its wholly owned subsidiary, PB Healthcare Services.
Swan EnergyThe name of Reliance Naval and Engineering has been changed to Swan Defence and Heavy Industries.
Bulk DealsGujarat ToolroomEminence Global Fund PCC - Eubilia Capital Partners Fund I sold a 4.74% stake in the company at an average price of Rs 18.08 per share, amounting to Rs 19.89 crore.
SME Listing on January 3Citichem India
Stock Trades Ex-Date for SplitInertia Steel
Stocks Turn Ex-BonusKPI Green Energy, Ceenik Exports (India), Garware Technical Fibres
Stock Trades Ex-DividendRedtape
Stock Trades Ex-Date for Resolution Plan -SuspensionStarlit Power Systems
F&O BanRBL Bank, Manappuram Finance
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