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  5. Stocks to watch, January 3: Wockhardt, MOIL, Avenue Supermarts, V2Retail, V-Mart Retail, Varun Beverages, and more

Market News

Stocks to watch, January 3: Wockhardt, MOIL, Avenue Supermarts, V2Retail, V-Mart Retail, Varun Beverages, and more

Upstox
By Upstox News Desk

5 min read | Updated on January 03, 2025, 08:31 IST

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SUMMARY

Avenue Supermarts Ltd, which owns and operates retail chain DMart, reported a 17.5% increase in standalone revenue from operations at ₹15,565.23 crore for the third quarter ended December 31, 2024.

Stock list

DMART
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MOIL
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V2RETAIL
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BIOCON
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WOCKPHARMA
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At 07:56 AM, the GIFT Nifty futures were trading at 24,198, up 48 points, or 0.20%. This implies that the NIFTY50 will open 85 points higher.

At 07:56 AM, the GIFT Nifty futures were trading at 24,198, up 48 points, or 0.20%. This implies that the NIFTY50 will open 85 points higher.

Stock market today: The domestic equity market is expected to open in the red on Friday, January 3, amid weak global cues. In the overnight trade, all three major US stocks ended the session in negative territory, reversing an earlier rally but off-session lows.

At 07:56 AM, the GIFT Nifty futures were trading at 24,198, up 48 points, or 0.20%. This implies that the NIFTY50 will open 85 points higher.

Here is a list of stocks that may remain in focus today.
Avenue Supermarts: Avenue Supermarts Ltd, which owns and operates retail chain DMart, reported a 17.5% increase in standalone revenue from operations at ₹15,565.23 crore for the third quarter ended December 31, 2024.

The company had posted a revenue of ₹13,247.33 crore in the December quarter a year ago, Avenue Supermarts informed BSE on Thursday.

The total number of stores as of December 2024 stood at 387.

MOIL: On Thursday, the Miniratna state-owned manganese ore mining company said that the October-December period in 2024 was its best-ever third quarter in terms of performance.

In the quarter ended December, the mining company had produced 4.6 lakh tonne of manganese ore.

Sales too were at their best, as the state-owned public sector undertaking recorded 13% more business compared to the corresponding period last year.

Hindustan Zinc: In its Q3 business update, the company said the mine metal production in the third quarter came in at 265 kt, up 3% QoQ, driven by higher mined metal grades and an increase in production at Agucha and Zawar mines.

It was down 2% YoY due to lower ore production at Agucha and SK mines, partly offset by improved mined metal grades and mill recovery.

Refined zinc production at 204 kt, up 3% QoQ and flat YoY, and lead production at 55 kt lower due to pyro plant operations on lead mode for longer duration during base periods.

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Varun Beverages: Varun Beverages Ltd (VBL), the leading bottler of PepsiCo, on Thursday announced to invest ₹412 crore in its South African subsidiary Beverage Company Proprietary (Bevco).

Bevco, an existing subsidiary of our VBL, is engaged in the business of manufacturing and distribution of licensed products from PepsiCo and also own-branded non-alcoholic beverages in South Africa.

Besides Bevco also has franchise rights from PepsiCo in South Africa, Lesotho and Eswatini.

V2Retail: V2 Retail on Thursday reported a 58.1% increase in standalone revenue from operations to Rs 591.03 crore for the December quarter.

The value retailer reported revenue from operations of Rs 373.76 crore in the October-December quarter a year ago, V2 Retail told the BSE in a regulatory filing.

Bank of Maharashtra: The lender reported its Q3 business update for FY25, with total business rising 16.9% year-on-year to ₹5.08 lakh crore, up from ₹4.34 lakh crore in the previous year.

Gross advances rose by 21.2% to ₹2.29 lakh crore, driven by robust credit demand. Total deposits climbed 13.5% year-on-year to ₹2.79 lakh crore from ₹2.46 lakh crore.

V-Mart Retail: V-Mart Retail Ltd. registered a revenue of ₹1,016 crore for the third quarter of the current fiscal year (Q3 FY25), while the Lime Road digital marketplace—the online arm of the company—reported a revenue of ₹11 crore, making a total revenue of ₹1,027 crore.
Wockhardt: Wockhardt on Thursday announced Central Drugs Standard Control Organization (CDSCO) approval for the use of its new-generation oral antibiotic Miqnaf (Nafithromycin) in the treatment of community-acquired bacterial pneumonia (CABP) in adults.

The company plans to launch Miqnaf in the Indian market in the coming few months, Wockhardt said in a release.

Cupid: The company has received a purchase order from the Medical Stores Department, Government of Tanzania, for the supply of male condoms worth around ₹14.91 crore.
Capital Small Finance Bank: The lender shared its Q3 business update. The gross advances of the bank aggregated to ₹6,816 crores as of December 31, 2024, with a secured portfolio of 99.8%. The advances reflect a Y-o-Y growth of 19.2%.

The bank's total deposits aggregated to ₹8,384 crores with a Y-o-Y growth of 12.0% and Q-o-Q growth of 7.8%.

The asset quality remained strong, with gross NPAs of 2.67% as of December 31, 2024, against 2.97% as of December 31, 2023, and 2.61% as of September 30, 2024.

Biocon: The company has received approval for tacrolimus capsules in 0.5 mg, 1 mg, and 5 mg strengths from the National Medical Products Administration (NMPA), China. Tacrolimus is an immunosuppressant used in the treatment of organ transplant patients, which reduces the body’s ability to reject a transplanted organ.
JK Lakshmi Cement: Leading bourses NSE and BSE have given consent to the merger of three subsidiaries into JK Lakshmi Cement.

As per the scheme of amalgamation, three subsidiaries, namely Udaipur Cement Works, Hansdeep Industries and Trading, and Hidrive Developers and Industries, are getting merged into JK Lakshmi Cement.

NHPC: NHPC Limited has received a second on-account gross payment of ₹250 crore under the Mega Insurance Policy against the insurance claim of business interruption loss caused by a flash flood at Teesta-V Power Station (510 MW).

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