Stock market today: The stock market was trading deep in the red on Monday, January 6, amid across-the-board selling.
India VIX, the volatility gauge, was trading 13.36% higher at 15.35 levels.
At 12:54 PM, the NSE's NIFTY50 index was trading at 23,736.80, down 267.95 points, or 1.12%, while the BSE SENSEX was trading at 78,352.72, down 870.39 points, or 1.10%.
Here is a list of stocks that are buzzing in today's trade.
ITC: Today, ITC held a pre-open session for price discovery for ITC Hotels between 9:00 AM and 9:45 AM. The normal trading began at 10:00 AM.
The company had fixed January 6 as the record date for the hotel unit demerger.
The difference between ITC's closing price on January 3, 2025, and the opening price discovered during the Special Pre-Open Session (SPOS) was said to determine the demerged entity's stock price.
After the one-hour special session, ITC's discovered price stood at ₹455.60 per share. Shares of ITC ended at ₹482 apiece on the BSE on Friday. This implies a difference of ₹26.4.
Last seen, the stock was trading 1.60% lower at ₹448.30 on the NSE.
READ MOREUCO Bank: The stock was trading 3.63% lower at ₹43.33 on the NSE. The lender on Friday reported robust year-on-year growth across key parameters for the quarter ending December 2024, with the lender's total business rising by 12.18% to ₹4.88 lakh crore, as per a PTI report.
According to a provisional disclosure submitted to the stock exchanges, total advances saw a sharper gain, registering a 16.20% on-year rise to ₹2.08 lakh crore, driven by a significant 18.83% growth in domestic advances, which stood at ₹1.83 lakh crore.
The bank's CASA ratio, a critical measure of a low-cost deposit base, remained steady at 37.96% versus 37.61% in December 2023.
Kotak Mahindra Bank: Shares of
Kotak Mahindra Bank were trading 3.15% lower at ₹1,780.75 apiece on the NSE as the private sector lender on Friday announced that Milind Nagnur, currently serving as the chief operating officer (COO) and chief technology officer (CTO) of the bank, has tendered his resignation due to personal reasons. His resignation will take effect from February 15, 2025.
NTPC Green Energy: Shares of NTPC Green Energy were trading 1.6% lower at ₹126.30 apiece on the BSE. The company's subsidiary secured a 1000 MW power project from Uttar Pradesh Power Corporation Limited (UPPCL).
HDFC Bank: Shares of the banking behemoth were trading 2% lower at ₹1,713.10 apiece on the NSE after the lender's soft Q3 update.
The monthly business updates for December indicate that the bank’s credit growth during the period slowed down drastically as the bank focused on lowering the LDR (loan-deposit ratio). The gross advances for the bank stood at ₹25.4 lakh crore, higher by 3% YoY and 0.9% QoQ, as compared to the deposits at ₹25.6 lakh crore, which grew by 2.5% QoQ and 15.8% YoY.
Dabur India: The stock was trading 3.25% lower at ₹508 on the BSE. On Friday, the FMCG major shared its Q3 business update, wherein it said that it expects a "low single-digit growth" in the December quarter along with a "flattish operating profit" as the homegrown company major faced inflationary headwinds in some of the segments.
This forced Dabur to go for "tactical price increases" and tried to mitigate the inflationary pressure through cost-efficiency initiatives partially, Dabur informed in its quarterly updates on Friday.
During the October-December period, rural consumption of FMCG was resilient and continued to grow faster.
Marico: FMCG maker
Marico on Friday reported a "sequential uptick" in domestic volume growth for the December quarter but said its operating profit growth will be 'modest' due to higher input costs.
Marico expects a "higher-than-anticipated gross margin contraction" as key inputs faced 'higher-than-expected' inflation, said the homegrown firm, which is the maker of Saffola, Parachute, Hair & Care, Nihar, Livon, etc.
The share price was down 1.81% at ₹649 on the BSE.
Devyani International: The stock was trading nearly 9% higher at ₹207 on the BSE. Devyani International holds franchisee rights for Pizza Hut, KFC, and Costa Coffee in India.
Easy Trip Planners: Shares of online travel company EaseMyTrip operator Easy Trip Planners Ltd climbed over 17% on Monday, January 6, after the company's chairman, Nishant Pitti, confirmed that there would be no further stake sale from his side.
The stock rose as much as 17.6% to ₹18.25 per share on the National Stock Exchange (NSE). At 9:30 am, it was up 6% to ₹16.45 apiece.
READ MOREJubilant FoodWorks: Shares of Jubilant FoodWorks rose as much as 4.9% to hit a 52-week high of ₹796.75 apiece on the BSE on Monday, January 6, as the company released its business update for the quarter ended December 31, 2024 (Q3 FY25).
The company said its consolidated revenue from operations (provisional) came in at ₹2,153.2 crore, higher by 56.2% year-on-year (YoY).
READ MORERBL Bank: RBL Bank shares increased more than 4% on Monday, January 6, after the private bank reported healthy 13% growth in gross advances for the third quarter of FY2024-25.
Last seen, the stock was trading 1.75% higher at ₹165.40 on the BSE.
Titan Company: Shares were trading 1.7% higher at ₹3,507.90 apiece on the BSE after the company shared its Q3 business update.
The company said its standalone revenue registered a growth of around 24% YoY in Q3FY25. Titan’s combined retail network presence (including CaratLane and International) expanded by 69 stores (net) in the quarter to reach 3,240 stores.
READ MORENykaa: Shares of FSN E-Commerce Ventures Limited, the parent firm of Nykaa, were trading nearly 5% higher at ₹175.98 apiece on the NSE in trade on Monday, January 6, after the company said that it witnessed a strong performance in the quarter ended December 2024 (Q3FY25).
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