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)
CSB Bank Q3 (YoY)
Gross advances jump 26.5% to Rs 28,914 crore Vs Rs 22,867 crore
Deposits grow 22.2% to Rs 33,406 crore Vs Rs 27,345 crore
South Indian Bank Q3 (YoY)
Gross advances increase 11.94% to Rs 86,965 crore Vs Rs 77,686 crore
Total deposit grows 6.3% to Rs 1,05,378 crore Vs Rs 99,155 crore
CASA ratio at 31.16% Vs 31.8%
CASA rises 4.13% to Rs 32,831 crore Vs Rs 31,529 crore
Monthly Auto Sales
Tata Motors December Sales (YoY)
Total domestic sales up 1% at 76,599 units Vs 76,138 units
Total commercial vehicle sales drop 1% to 33,875 units Vs 34,180 units
Total passenger vehicle sales (including EV) grow 1% to 44,289 units Vs 43,675 units
Stocks To Watch
The company has received a work order worth Rs 78.43 crore from Bharat Coking Coal. It will provide integrated IT-based security infrastructure along with various types of services.
The company's iron ore production increased by 5.1% YoY to 4.71 million tonnes (MT) in December 2024, compared to 4.48 MT in the same month the previous year. However, iron ore sales fell by 6.7% to 3.91 MT from 4.19 MT during the same period.
The company received an observation letter with ‘no adverse observations’ from the BSE and a ‘no objection’ from the National Stock Exchange of India on January 1, regarding the Scheme of Amalgamation between Adani Cementation and the company.
The company has entered into a Share Purchase Agreement and Shareholders’ Agreement for the acquisition of shares in “MyShubhLife” (Datasigns Technologies), an embedded finance fintech platform based in Bangalore, from its existing shareholders. Completion of the acquisition is subject to the satisfaction of certain conditions.
The company announced the production of 1,57,654 vehicles in December 2024, a 30.3% increase compared to 1,21,028 vehicles produced in the same month last year.
The company has completed the purchase of land measuring 40 bighas at Derabassi, Punjab, for Rs 17.72 crore. The land will be utilized to set up a new formulations facility.
Punam Chand Sharma has resigned as the Chief Financial Officer of the company, effective January 1.
Dipak Pandit Nikam has resigned from the position of Chief Financial Officer of the company, effective January 1, due to personal reasons.
The company has entered into a loan agreement of Rs 250 crore with Union Bank of India.
The company has resumed operations at its Bilaspur unit in Chhattisgarh, and production has been normalized as of January 1.
Shanti Lal Jain ceased to be the Managing Director and CEO of the bank, effective January 1, upon superannuation.
Bulk Deals
Brenzett sold a 0.75% stake in the company at an average price of Rs 249.02 per share.
Chartered Finance & Leasing, backed by ace investor Madhusudan Kela, sold a 1% stake in the company at an average price of Rs 207.48 per share.
Bridge India Fund sold a 3.01% stake in the company at an average price of Rs 17.22 per share.
SME Listing on January 2
Anya Polytech & Fertilizers
Stock Trades Ex-Date for Split
Getalong Enterprise
F&O Ban
Manappuram Finance
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