Stocks to Watch on January 3, 2025

Market Overview: On January 2, 2025, the stock market kicked off the New Year with a strong performance, adding approximately Rs 8.5 lakh crore to the wealth of investors. The market capitalization of companies listed on the Bombay Stock Exchange (BSE) reached Rs 450.47 lakh crore based on preliminary exchange data. As traders and investors look forward to the next trading session on Dalal Street, January 3, here are some key stocks to keep an eye on.

Inox Wind Energy

The board of Inox Wind Energy is scheduled to meet on Friday to discuss a proposal for raising funds, which could impact its future projects and growth strategy.

KPI Green Energy

Shares of KPI Green Energy will be trading ex-bonus on Friday, attracting attention from investors looking to benefit from this corporate action.

Hero MotoCorp

Hero MotoCorp has reported a significant decline in its monthly sales, with a 17.5 percent year-on-year drop. Domestic sales fell to 2.94 lakh units in December 2024, compared to 3.78 lakh units during the same period in December 2023.

Bank of Maharashtra

The Bank of Maharashtra has shown a robust performance with a 13.5 percent increase in its total deposits, reaching Rs 2.79 lakh crore in Q3. Its gross advances have also risen by 21.2 percent, amounting to Rs 2.29 lakh crore during the same period.

V2 Retail

V2 Retail has announced a remarkable 58 percent growth in its Q3 revenue, now at Rs 591 crore, indicating strong demand and consumer traction.

Capital Small Finance Bank

The Capital Small Finance Bank reported a 19.2 percent increase in gross advances to Rs 6,816 crore as of December 31, while total deposits grew by 12 percent to Rs 8,384 crore.

Hindustan Zinc

Hindustan Zinc has observed a 2 percent decline in its mined metal production, totaling 2.65 lakh tonnes in Q3, which may affect its market position.

MOIL

MOIL has achieved record quarterly manganese ore production, reaching 4.6 lakh tonnes, highlighting its operational efficiency.

DMart

DMart has reported a standalone revenue of Rs 15,565 crore for the October-December period, with its total store count now at 387 as of December 31, according to its regulatory filing.

AAVAS Financiers

The board of AAVAS Financiers is set to meet on January 7 to discuss the potential issuance of non-convertible debentures (NCDs) on a private placement basis, which could enhance its funding capabilities.

Zomato

Zomato's subsidiary, Blinkit, has launched a 10-minute ambulance service in Gurugram, underscoring the company's commitment to expand its delivery services beyond food.

Tata Motors

The Centre has approved production-linked incentives amounting to Rs 246 crore for Tata Motors and Mahindra & Mahindra (M&M), which may boost their production capabilities and competitiveness.

Biocon

Biocon has received approval from China's National Medical Products Administration (NMPA) for Tacrolimus capsules produced by one of its subsidiaries, marking a significant milestone in international markets.

Stay updated with all the latest movements in the stock market, and consider these stocks as you plan your investments for January 3, 2025.

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