Stocks to Watch: The domestic equity market is likely to open in the green on Tuesday, January 7.
At 8:10 AM, the GIFT NIFTY futures were trading at 23,812.50 levels, up 71.50 points, or 0.30%. This suggests that the NIFTY50 index will open 91 points higher.
Asia shares rose on Tuesday, tracking Wall Street's positive lead and as some investors hoped incoming US President-elect Donald Trump could adopt a less aggressive tariff stance than promised when he takes office.
The Washington Post reported on Monday that Trump aides were exploring tariff plans that would be applied to every country but only cover certain sectors deemed critical to national or economic security, in what would have represented a marked shift from promises Trump made during the 2024 presidential campaign, as per a Reuters report.
Here is a list of stocks that may remain in focus today.
Bajaj Finserv: In its business update,
Bajaj Finserv said its subsidiary, Bajaj Allianz General Insurance Co., reported a general insurance premium of ₹1,331 crore for the month, while another subsidiary, Bajaj Allianz Life Insurance Co., recorded a total life insurance premium of ₹1,055 crore.
SH Kelkar: The company shared its December business update. It said that during the quarter, the company witnessed healthy demand across key segments, showcasing resilience despite a subdued external environment. The core European market continued to deliver steady performance. Consolidated revenues for 9M FY2025 stood at ₹1,548 crore, reflecting a YoY growth of 17% (provisional and unaudited).
"The Company remains on track to achieve double-digit growth for the full financial year," it added.
Kalyan Jewellers: The company said it recorded consolidated revenue growth of approximately 39% compared to the same period in the previous financial year. "Our India operations witnessed revenue growth of approximately 41% during Q3 FY2025 compared to Q3 FY2024, led by robust festive and wedding demand across gold and studded categories. The quarter recorded healthy same-store-sales-growth of approximately 24%,"
Kalyan Jewellers added.
Adani Enterprises: Adani Group has teamed up with Thailand's Indorama Resources Ltd for a foray into the petrochemical business as the ports-to-energy conglomerate looks to expand in adjacencies.
Adani Petrochemicals Ltd, a subsidiary of the group's flagship Adani Enterprises Ltd, "has completed the incorporation process of a joint venture company namely Valor Petrochemicals Ltd (VPL)... with Indorama Resources Ltd, Thailand," Adani Enterprises said in a stock exchange filing.
Adani Petrochemicals and Indorama will hold a 50% stake each in the joint venture.
Ashoka Buildcon: Ashoka Bowaichandi Guskara Road (“SPV”), a wholly owned subsidiary of the company has executed a Concession Agreement with the National Highways Authority of India (“NHAI”) on January 06, 2025, for the development of 4 lane Economic Corridor from Bowaichandi to Guskara-Katwa Road Section Km 89.814 to Km 133.000 of NH 116A (Package-3) in West Bengal under Hybrid Annuity Mode.
The SPV has been incorporated as a wholly owned subsidiary of the company for the execution of this project as per the requirement of the Concession Agreement.
The accepted bid project cost is ₹1,391.00 crore.
Manappuram Finance: The company confirmed the recent media reports on the robbery incident at its branch in Odisha. "On January 3, 2024, at approximately 09:45 a.m., an unfortunate incident of daylight robbery occurred at one of the branches of Manappuram Finance Limited; functioning at Sambalpur in Odisha (Branch ID: 2624), resulting in the loss of gold jewellery and cash from the strongroom,"
Manappuram Finance said in its filing to stock exchanges.
ICICI Prudential Life: The company said it has received an order under Section 107 of the Goods and Services Tax (GST) Act, 2017, from the Commissioner (Appeals) on January 6, 2025, which upholds the total tax demand for the period FY2019 to FY2021.
Power Grid: The company has been declared as a successful bidder under the tariff-based competitive bidding for two projects: Augmentation of transformation capacity at KPS1 (GIS) and KPS2 (GIS) (Phase-V Part B1 and Part B2 scheme), and augmentation of transformation capacity by 3x500 MVA, 400/220kV ICTs (6th - 8th) and 1x1500 MVA, 765/400kV ICT (4th) at Bidar PS.
Caplin Point: Caplin Point announced on Tuesday that it has received the Establishment Inspection Report (EIR) from the US Food and Drug Administration (FDA) for the recent inspection conducted at Caplin Steriles’ injectable and ophthalmic manufacturing facility located at Gummidipoondi.
The unannounced USFDA inspection was conducted between August 5th and 9th, 2024, and was concluded with Zero 483 observations, reflecting the company's commitment to maintaining the highest standards of quality and compliance.
BPCL, GAIL, IGL: Maharashtra Natural Gas (MNGL), a joint venture between BPCL, GAIL, and IGL is preparing to launch an initial public offering (IPO) of over ₹1,000 crore, with the board of BPCL having given its in-principle nod for the issue, a company filing by the oil marketing company said on January 6.
M&M: Mahindra & Mahindra Ltd. raised its production capacity by a fifth in December 2024 to cater to the outsized demand that its oversized cars are garnering. India’s largest SUV maker by revenue produced 53,361 units in December 2024 as against 44,495 units in the year-ago period—a growth of 19.92% year-on-year.
At 37,779 units, SUVs accounted for two-thirds of the total production capacity. That itself is 16.8% higher than last year.
Tata Motors: The auto major's production stood at 1.33 lakh units in the third quarter, slightly lower than the 1.35 lakh units produced in the year-ago period. However, sales rose to 1.39 lakh units compared to 1.38 lakh units in the same period last year.
InterGlobe Aviation: The company said it has received an order from the Principal Commissioner of Customs, Air Cargo Complex (Import), imposing a penalty of ₹2.17 crore.
Bharti Airtel, Vodafone Idea: Bharti Airtel (Airtel) and Vodafone Idea (Vi) have signed an agreement to sell their entire stakes in Wi-Fi infrastructure company Firefly Networks to iBus Network and Infrastructure through a share purchase agreement.
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