NIFTY50 and SENSEX are expected to start in the negative territory on on Thursday, January 2, 2025 as the GIFT NIFTY is trading lower at 23,847, down 0.14% at 8:22 am.
Stocks to watch on January 2, 2025
NMDC: Shares of
NMDC will be in focus as the state-owned company said its iron-ore production rose by 5% to 4.71 million tonne (MT) in December 2024. In the same month previous fiscal, the output was 4.48 MT. However, sales in December 2024 declined to 3.91 MT compared to 4.19 MT in the year-ago period.
Tata Motors: The carmaker reported a 1% rise in domestic sales to 76,599 units in December 2024, compared to 76,138 units in the year-ago fiscal. Total commercial vehicle sales fell 1% to 33,875 units, while passenger vehicle sales grew 1% to 44,289 units.
Telecom stocks: The gross revenue of telecom operators surged 10.5% year-on-year (YoY) to ₹91,426 crore in the quarter ended September 2024, according to a Telecom Regulatory Authority of India (TRAI) report.
The adjusted gross revenue climbed 13.11% YoY to ₹75,310 crore from ₹66,583 crore a year back. Notably, Airtel, Jio, and Vodafone Idea hiked their mobile service rates by 11% to 25%.
RailTel Corporation of India: The company has secured a work order from Bharat Coking Coal Ltd worth ₹78.43 crore. The deadline to complete the order is August 28, 2025.
CSB Bank: The gross advanes of the bank grew 26.45% to ₹28,914 crore for the quarter ended December 31, 2024, compared to ₹22,867 crore in the same period last fiscal.
Indian Bank: Shanti Lal Jain, Managing Director (MD) and Chief Executive Officer (CEO) of the Bank, demitted office on December 31, 2024, on superannuation.
The lender also appointed Vallery Rath as Chief General Manager- TMO and Digital Business.
The India Cements: The company has approved the appointment of Suresh Vasant Patil as Chief Executive Officer (CEO) and Krishnagopal Ladsaria as Chief Financial Officer (CFO), effective January 1.
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