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)
HDFC Bank Q3 (YoY)
Gross advances grow 3% to Rs 25,425 billion Vs Rs 24,693 billion
Deposits soar 15.8% to Rs 25,635 billion Vs Rs 22,140 billion
CASA deposits increase 4.4% to Rs 8,725 billion Vs 8,356 billion
Time deposits rise 22.7% to Rs 16,910 billion Vs Rs 13,783 billion
Assets under management jump 7.6% to Rs 26,276 billion Vs Rs 24,414 billion
Bajaj Finance Q3 (YoY)
Assets under management grows 28% to Rs 3.98 lakh crore Vs Rs 3.11 lakh crore
Deposits book surges 19% to Rs 68,800 crore Vs Rs 58,008 crore
New loans booked increases 22% to 12.06 million Vs 9.86 million
Customer franchise stands at 97.12 million Vs 80.41 million
FSN E-Commerce Ventures Nykaa Q3 (YoY)
Consolidated net revenue growth likely to be higher than mid-twenties.
Gross merchandise value (GMV) growth for beauty vertical expected to be low thirties
eB2B distribution business – Superstore by Nykaa continues to witness rapid expansion, servicing around 2.6 lakh transacting retailers in 1,100+ cities
Fashion vertical is expected to deliver net revenue growth of around 20%
NSV growth is likely to be around low to mid-teens
Online fashion demand continues to be subdued, but company remains optimistic about long-term growth opportunity
Indian Bank Q3 (YoY)
Total business grows 8.3% to Rs 12.61 lakh crore Vs Rs 11.64 lakh crore
Total deposits increase 7.3% to Rs 7.02 lakh crore Vs Rs 6.54 lakh crore
Gross advances soar 9.6% to Rs 5.59 lakh crore Vs Rs 5.1 lakh crore
ESAF Small Finance Bank Q3 (YoY)
Total deposits spike 18.84% to Rs 22,413 crore Vs Rs 18,860 crore
Term deposits increase 9.98% to Rs 16,823 crore Vs Rs 15,297 crore
CASA ratio improves to 24.94% Vs 18.89%
Gross advances grow 9.25% to Rs 18,739 crore Vs Rs 17,153 crore
Equitas Small Finance Bank Q3 (YoY)
Total deposits zoom 25.79% to Rs 40,738 crore Vs Rs 32,385 crore
CASA increases 9.79% to Rs 11,668 crore Vs Rs 10,628 crore
CASA ratio drops to 29% Vs 33%
Cost of funds rises to 7.49% Vs 7.36%
Total gross advances jump 13.94% to Rs 37,345 crore Vs Rs 32,776 crore
Ujjivan Small Finance Bank Q3 (YoY)
Total deposits jump 16% to Rs 34,496 crore Vs Rs 29,669 crore
CASA grows 15% to Rs 8,657 crore Vs Rs 7,556 crore
Gross loan book increases 10% to Rs 30,466 crore Vs Rs 27,743 crore
Disbursements down 6% to Rs 5,360 crore Vs Rs 5,675 crore
Collection efficiency remains steady at 96% Vs 96%
Gross non-performing assets weaken to 2.7% Vs 2.1%
Union Bank of India Q3 (YoY)
Total (global) business grows 4.7% to Rs 21.65 lakh crore Vs Rs 20.68 lakh crore
Total (global) deposits increase 3.76% to Rs 12.16 lakh crore Vs Rs 11.72 lakh crore
Global gross advances rise 5.93% to Rs 9.49 lakh crore Vs Rs 8.95 lakh crore
Domestic deposits drop 0.44% to Rs 3.95 lakh crore Vs Rs 3.97 lakh crore
Domestic advances up 5.33% at Rs 9.12 lakh crore Vs Rs 8.66 lakh crore
AU Small Finance Bank Q3 (QoQ)
Total deposits increase 2.3% to Rs 1.12 lakh crore Vs Rs 1.09 lakh crore
CASA deposits fall 3.2% to Rs 34,400 crore Vs Rs 35,521 crore
CASA ratio drops to 30.6% Vs 32.4%
Gross advances rise 5.2% to Rs 1 lakh crore Vs Rs 96,033 crore
Gross loan portfolio grows 3.7% to Rs 1.09 lakh crore Vs Rs 1.05 lakh crore
IDBI Bank Q3 (YoY)
Total business soars 13% to Rs 4.89 lakh crore Vs Rs 4.33 lakh crore
Total deposits grow 9% to Rs 2.82 lakh crore Vs Rs 2.58 lakh crore
CASA deposits increase 2% to Rs 1.31 lakh crore Vs Rs 1.29 lakh crore
Net advances rise 18% to Rs 2.07 lakh crore Vs Rs 1.75 lakh crore
Bandhan Bank Q3 (YoY)
Loans & advances zoom 15% to Rs 1.33 lakh crore Vs Rs 1.15 lakh crore
Total deposits jump 20.1% to Rs 1.41 lakh crore Vs Rs 1.17 lakh crore
CASA deposits increase 5.5% to Rs 44,735 crore Vs Rs 42,413 crore
Retail deposits (including CASA) soar 15.7% to Rs 96,795 crore Vs Rs 83,675 crore
Bulk deposits grow 31% to Rs 44,204 crore Vs Rs 33,747 crore
CASA ratio drops to 31.7% Vs 36.1%
Adani Wilmar Q3 (YoY)
Company achieves volume growth of 6%
Revenue grows 33%
In edible oils segment, company maintains its market share
In the foods category, key packed products continue to experience robust double-digit growth
e-Commerce (Including quick commerce) sales volume continue to grow rapidly at 41%
In South India, company delivers 15% volume growth for branded edible oils and foods combined
Edible oil volume grows 4%, revenue increases 39%
Food & FMCG revenue surges 22%, volume growth at 24%
RBL Bank Q3 (YoY)
Total deposits zoom 15% to Rs 1.06 lakh crore Vs Rs 92,746 crore
Gross advances grow 13% to Rs 92,740 crore Vs Rs 81,864 crore
CASA ratio drops to 32.8% Vs 33.8%
CASA rises 12% to Rs 35,020 crore Vs Rs 31,338 crore
Retail advances increase 20%
Wholesale advances up 5%
Vedanta Q3 (YoY)
Aluminium production grows 3% to Rs 6.14 lakh tonnes Vs 5.99 lakh tonnes
Saleable metal remains flat at 2.59 lakh tonnes
In zinc international, mined metal production rises 12% to 46,000 tonnes Vs 41,000 tonnes
L&T Finance Q3 (YoY)
Retailisation at 97% Vs 91%
Retail disbursements grow 4.4% to Rs 15,170 crore Vs Rs 14,531 crore
Retail loan book increases 23.3% to Rs 92,200 crore Vs Rs 74,759 crore
M&M Financial Services Q3 (YoY)
Overall disbursement rises 7% to Rs 16,450 crore
Collection efficiency remains steady at 95%
Business assets grow 18% to Rs 1.15 lakh crore
As of December 2024, Stage-3 is estimated at about 3.9% Vs 4.0% as at December 2023
As of December 2024, Stage-2 is estimated at around 6.3% Vs 6.0% as at December 2023
UCO Bank Q3 (YoY)
Total advances grow 16.2% to Rs 2.08 lakh crore Vs Rs 1.79 lakh crore
Total deposits increase 9.37% to Rs 2.80 lakh crore Vs Rs 2.56 lakh crore
Total business zooms 12.18% to Rs 4.88 lakh crore Vs Rs 4.35 lakh crore
Dhanlaxmi Bank Q3 (YoY)
Total business grows 7.26% to Rs 26,443 crore Vs Rs 24,654 crore
Total deposit rises 5.07% to Rs 15,067 crore Vs Rs 14,340 crore
CASA increases 3.18% to Rs 4,602 crore Vs Rs 4,460 crore
Gross advance soars 10.3% to Rs 11,376 crore Vs Rs 10,314 crore
Gold loan grows 32.82% to Rs 3,553 crore Vs Rs 2,675 crore
Bank of Baroda Q3 (YoY)
Global business grows 11.74% to Rs 25.64 lakh crore Vs Rs 22.94 lakh crore
Global deposits increase 11.82% to Rs 13.92 lakh crore Vs Rs 12.45 lakh crore
Global advances jump 11.65% to Rs 11.71 lakh crore Vs Rs 10.49 lakh crore
Dabur India Q3 (YoY)
Consolidated revenue is expected to register low single digit growth
In India, home and personal care is expected to grow in mid to high single digit
In India, healthcare is expected to be flattish due to delayed winter onset
Beverages portfolio is expected to report muted performance
Culinary business is expected to post strong double-digit growth
International business is expected to register double-digit growth in constant currency terms
International business growth driven by good momentum in MENA region, Egypt, Bangladesh and US business
Company anticipates flattish operating profit growth in Q3
Marico Q3 (YoY)
Consolidated business delivered mid-teen revenue growth
Consolidated business likely to meet double-digit growth aspiration on a full year basis
International business delivered broad based mid-teen constant currency growth
Bangladesh continued to demonstrate visible strength and resilience with high double-digit constant currency growth
Vietnam had a soft quarter in a sluggish consumption environment
MENA and South Africa maintained robust double-digit growth momentum
Parachute Coconut recorded low teen revenue growth, aided by pricing interventions
Saffola Oils posted high teen revenue growth
Value Added Hair Oils declined marginally owing to competitive headwinds
Foods and Digital-first brands sustained strong growth momentum and continued to deliver well-ahead of aspirations
Stocks To Watch
The bank has received an order from the Maharashtra Goods and Services Tax (GST) Department, raising a GST demand and penalty of Rs 100.76 crore. The bank will take appropriate steps, including contesting the order through an appeal within the prescribed timelines.
The company's subsidiary, NTPC Renewable Energy, has emerged as a successful bidder in the e-reverse auction conducted by Uttar Pradesh Power Corporation (UPPCL). NTPC Renewable Energy secured a capacity of 1,000 MW at a tariff of Rs 2.56 per kWh. Additionally, NTPC UP Green Energy has been incorporated as a 51:49 joint venture of NTPC Green Energy and Uttar Pradesh Rajya Vidyut Utpadan Nigam.
The Reserve Bank of India has granted its approval to HDFC Bank and its group entities to acquire up to 9.50% of the paid-up share capital of Capital Small Finance Bank. This approval is valid for one year from the date of the said letter.
The Reserve Bank of India has given its approval to HDFC Bank and its group entities to acquire up to 9.50% of the paid-up share capital in AU Small Finance Bank within one year from the date of the RBI approval letter.
Milind Nagnur has resigned as Chief Operating Officer and Chief Technology Officer of the bank, effective February 15, 2025. Additionally, the Reserve Bank of India has given its approval to HDFC Bank and its group entities to acquire up to 9.50% of the share capital in Kotak Mahindra Bank. The said approval is valid for a period of one year from the date of RBI’s letter, i.e., until January 2, 2026.
The company has entered into a concession agreement with Railway Administration (Northern Railway).
The company has received a Letter of Award from Oil and Natural Gas Corporation for the charter hiring of one 100MT workover rig for seven years for the Assam asset. The total estimated value of the said award is Rs 90.70 crore.
The company, through its subsidiary Ananthay Properties, has signed a definitive agreement for a land parcel worth Rs 630 crore in Bengaluru for developing a residential project spanning about 20 acres. The project will have a total saleable area of 2.5 million square feet, with a gross development value (GDV) of about Rs 2,700 crore.
The company has received a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam for setting up a 250 MW/500 MWh standalone battery energy storage system in Gujarat.
Vinod Salvi has resigned as Chief Business Officer – Raymond Home of the company, effective January 3.
The company has received an income tax refund, including interest, of Rs 124.80 crore for FY24.
Ankur Saxena has been appointed as the Chief Process Transformation Officer (CPTO) of the company, effective January 3.
Nagarjuna Fertilizers and Chemicals
Sudhakar Rao Annam has resigned as Chief Financial Officer of the company, effective January 4. However, the Board has appointed Srirama Raju Kapalli as the new Chief Financial Officer.
The company will collaborate with Qualcomm to develop a virtual electronic control unit (ECU) platform for automakers and Tier-1 suppliers, using Snapdragon virtual system-on-chips (VSoCs) for the next generation of mobility solutions for passenger, commercial, and off-highway vehicle segments.
The bank has launched a Global NRI Center (GNC) at its Thoothukudi headquarters, strengthening services for NRI customers.
Sanjay Kumar Gharde has resigned as Chief Information Officer of the company, effective January 3.
Shareholders have approved the sub-division of the existing one equity share of the company (with a face value of Rs 10 each) into two equity shares (with a face value of Rs 5 each).
Operations of the manufacturing plant at Rajahmundry have been disrupted due to a strike by workers called by the Workers Trade Unions, effective January 3. The company management is in discussion with the concerned trade unions to resolve the issue amicably as soon as possible. Trade unions are demanding a higher revision in wages in the forthcoming wage settlement with the management. The loss of production per day due to the strike is approximately 510 MT.
The company has reported a fire accident on January 4 in the factory at Peddakandukur, Telangana. The fire has resulted in damage to buildings and equipment in one of the pyrotechnic manufacturing facilities. The incident has led to the loss of life of one person and severe injuries to another, who has been shifted to a hospital in Hyderabad for treatment. The damaged assets were fully insured.
Bulk Deals
North Star Opportunities Fund VCC-Bull Value Incorporated VCC Sub-Fund sold a 4.3% stake in the company at an average price of Rs 18.98 per share, valued at Rs 18.98 crore. North Star Opportunities Fund had held a 7.75% stake in the company as of December 20, 2024.
Stock Trades Ex-Date for Spin Off
F&O Ban
Manappuram Finance, RBL Bank
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