The Indian stock market showed strength in the first trading week of the new year. On January 1, 2025, Sensex closed at 78,507.41 with a gain of 368.40 points (0.47%) and Nifty closed at 23,742.90 with a gain of 98.10 points (0.41%). Global cues are mixed today, but some stocks may see movement due to corporate action and quarterly results.
Quarterly results (provisional figures)
CSB Bank
- Gross advances grow 26.5% to ₹28,914 crore in December quarter.
- Deposits grew 22.3% to ₹33,406 crore.
South Indian Bank
- Gross Advances: ₹86,965 crore up by 11.94%.
- Deposits: 6.3% growth to ₹1,05,378 crore.
- CASA ratio: increased from 31.8% to 31.16%.
- CASA deposits: up 4.13% to ₹32,831 crore.
monthly sales figures
Tata Motors
- Domestic sales rose 1% to 76,599 units in December.
- Passenger vehicles (including EVs): up 1% to 44,289 units.
- Commercial vehicles: Down 1% to 33,875 units.
Stocks to Watch: Updates on key stocks
RailTel Corporation of India
- RailTel bags work order worth ₹78.43 crore from Bharat Coking Coal.
- Will provide integrated IT-based security infrastructure services.
NMDC
- Iron ore production to increase by 5.1% to 4.71 tonnes in December 2024.
- Sales declined by 6.7% to 3.91 tonnes.
Ambuja Cements
- Received ‘No Objection’ from BSE and NSE regarding merger with Adani Cementation.
Ugro Capital
- Agreement to purchase shares of “MyShubhLife” (Datascience Technologies).
Maruti Suzuki India
- Production to increase by 30.3% to 1,57,654 units in December 2024.
Ind-Swift Laboratories
- Bought 40 bighas of land in Derabassi, Punjab for ₹17.72 crore.
- New formulation facility will be set up.
Deepak Spinners
- CFO Poonam Chand Sharma resigned with effect from 1 January 2025.
Ashoka Metcast
- CFO Deepak Pandit resigned with effect from 1 January 2025.
The Ruby Mills
- Loan agreement of ₹250 crore with Union Bank of India.
Goa Carbon
- Production resumed at Bilaspur unit in Chhattisgarh from January 1.
Indian Bank
- MD and CEO Shanti Lal Jain to retire with effect from January 1, 2025.
Bulk Deals
Responsive Industries
- Brenjet sold 0.75% stake at an average price of ₹249.02 per share.
RNFI Services
- Chartered Finance & Leasing sold 1% stake at ₹207.48 per share.
Gujarat Toolroom
- Bridge India Fund sold 3.01% stake at ₹17.22 per share.
Listing and corporate action
Anya Polytech & Fertilizers
- Shares of the fertilizer and bag manufacturing company will be listed on NSE SME today.
Getalong Enterprises
- Today is the ex-date of GetAlong Enterprises’ stock split.
F&O Ban
- New F&O positions will not be taken in Manappuram Finance.
