India’s benchmark indices, Sensex and Nifty, saw a strong upward movement after a flat opening, gaining over 0.5 percent each by midday on the first trading day of 2025. Financials, FMCG, and IT stocks drove the rally on January 1. At close, the Sensex was up 368.40 points or 0.47 percent at 78,507.41, and the Nifty was up 98.10 points or 0.41 percent at 23,742.90. About 2639 shares advanced, 1179 shares declined, and 84 shares remained unchanged.
2/11
Mahindra & Mahindra | CMP: Rs 3,076.45 | The automaker clocked an 18 percent jump in sport utility vehicle sales to dealers in December at 41,424 units due to strong demand. It reported sales of 35,174 units in the year-ago period. Mahindra, India's second-biggest SUV maker by market share, has remained resilient amid a broader slowdown in car sales that pressed manufacturers and dealers into offering hefty discounts. The company's shares climbed 2 percent following the announcement.
3/11
Maruti Suzuki | CMP: Rs 11,195 | Shares rose 3 percent after the carmaker announced 30 percent rise in December car sales at 1,78,248 units. It reported sales of 1,37,551 units in the year-ago period. "In December 2024, Maruti Suzuki India Limited sold a total of 1,78,248 units. Total sales in the month include domestic sales of 1,32,523 units, sales to other OEM of 8,306 units and the highest ever monthly exports of 37,419 units," said the company in a stock exchange filing.
4/11
SJVN | CMP: Rs 110.90 | Shares soared 6.2 percent after the company inked a Memorandum of Understanding (MoU) with the Bihar government for a project worth Rs 5,663 crore. As per the pact, SJVN will develop the 1,000 MW Hathidah Durgawati Pumped Storage Project (PSP). The project will feature a levelized tariff of Rs 9.39 per kWh, calculated at February 2024 price levels with a pumping energy rate of Rs 3 per kWh. The development of Pumped Storage Projects in Bihar is expected to generate direct and indirect employment for 5,000 people and attract an investment of around Rs 10,000 crore.
Power Mech Projects | CMP: Rs 2,715 | Shares surged over 5.64 percent after the company won an order worth Rs 294 crore from Adani Power. The domestic order involves providing overhauling services, condition assessment, erection, testing, commissioning, and manpower support for the Performance Guarantee Test of the Steam Generator (SG), Steam Turbine Generator (STG), and their auxiliaries.
6/11
Unimech Aerospace | CMP: Rs 1,444.20 | Shares surged over 4.9 percent as investors continued to lap up the stock after its stellar debut on the bourses in the previous session. Shares of Unimech Aerospace nearly doubled investors' money after it listed at a premium of 90 percent over its IPO price.
7/11
Paytm | CMP: Rs 989 | The stock fell up to 4 percent after the National Payments Corporation of India extended the deadline to implement transaction volume cap on Unified Payments Interface apps by two years till December 31, 2026. This is the second time the NPCI has extended the deadline.
8/11
Avanti Feeds | CMP: Rs 672 | Shares slipped 1.43 percent as investors rushed to book profits off the surge in the stock in the previous session. The stock soared over 12 percent in the last session following a report from Incred Equities that forecasted a sharp recovery in the domestic shrimp industry in 2025.
Escorts Kubota | CMP: Rs 3,300 | The stock fell up to 3 percent on January 1 as sales fell 11 percent YoY to 5,472 units compared with 6,136 units sold in December 2023. The drag in sales was driven by weak domestic sales, with total domestic tractor sales down 12.5 percent YoY to 5,016 units, down from 5,731 tractor units YoY.
10/11
Bajaj Auto | CMP: Rs 8,740.55 | The stock dropped up to 3 percent on January 1, hit 9-month low after December sales fell marginally by a percent YoY to 3.2 lakh units in December 2024. The company's domestic two-wheeler sales fell 19 percent YoY to 1.2 lakh units, while exports rose 15 percent YoY.
11/11
IREDA | CMP: Rs 221.05 | Shares surged nearly 3 percent after the state-owned company logged 41 percent loan disbursement growth in the December quarter. Indian Renewable Energy Development Agency (IREDA) witnessed significant growth in loan disbursements, increasing by 41 percent YoY to Rs 17,236 crore from Rs 12,220 crore a year ago. As per provisional figures, IREDA sanctioned loans worth Rs 31,087 crore in the third quarter, marking an extraordinary 129 percent Year-on-Year (YoY) rise compared to Rs 13,558 crore in the corresponding period last year, according to a company statement.
![Maruti Suzuki | CMP: Rs xxx | Shares rose x percent after the carmaker announced 30 percent rise in December car sales at 1,78,248 units. It reported sales of 1,37,551 units in the year-ago period. "In December 2024, Maruti Suzuki India Limited sold a total of 1,78,248 units. Total sales in the month include domestic sales of 1,32,523 units, sales to other OEM of 8,306 units and the highest ever monthly exports of 37,419 units," said the company in a stock exchange filing.](https://images.moneycontrol.com/static-mcnews/2024/12/20241220064058_Media-Release_Maruti-Suzuki-teases-its-first-eBorn-Electric-SUV-Signals-robust-EV-ecosystem-for-seamless-ownership-experience-1.jpg "Maruti Suzuki | CMP: Rs xxx | Shares rose x percent after the carmaker announced 30 percent rise in December car sales at 1,78,248 units. It reported sales of 1,37,551 units in the year-ago period. "In December 2024, Maruti Suzuki India Limited sold a total of 1,78,248 units. Total sales in the month include domestic sales of 1,32,523 units, sales to other OEM of 8,306 units and the highest ever monthly exports of 37,419 units," said the company in a stock exchange filing.")
