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Stocks to watch: Shares of firms like HDFC Bank, ITC, Nykaa, Adani Wilmar, Coal India, HUL, and others will be in focus on Monday’s trade
Stocks To Watch Today.
Stocks To Watch On January 6: Indian markets faced selling pressure on Friday, with the Nifty index closing near its low of the day. In today’s session, stocks of ITC, HDFC Bank, Adani Wilmar, Kotak Mahindra Bank, HUL, and others will be in focus due to recent developments.
ITC: ITC’s shares are likely to attract attention as the demerger of ITC Hotels became effective on January 1, with January 6 set as the record date.
HDFC Bank: HDFC Bank’s loan-to-deposit ratio (LDR) at the end of December stood at 99.2%, down from 100.76% in Q2 FY25 and 111.53% in Q3 FY24. Additionally, the Reserve Bank of India (RBI) has approved HDFC Bank’s acquisition of up to a 9.5% stake in Kotak Mahindra Bank, AU Small Finance Bank, and Capital Small Finance Bank within one year from the approval date.
Bajaj Finance: In its Q3 update, Bajaj Finance reported a 28% growth in assets under management (AUM), reaching Rs 3.98 trillion as of December 31, 2024, up from Rs 3.11 trillion a year earlier. The deposit book increased by 19%, totaling Rs 68,800 crore, compared to Rs 58,008 crore.
FSN E-Commerce Ventures (Nykaa): The parent company of Nykaa expects consolidated net revenue growth to be in the mid-20s, with the gross merchandise value (GMV) growth for its beauty segment expected to be in the low 30s.
Adani Wilmar: Adani Wilmar reported a 6% year-on-year growth in sales volumes and a 33% rise in revenue for the December quarter. The company is focusing on leveraging its core business and distribution network to drive growth in its high-margin FMCG portfolio following the Adani Group’s exit.
Bank of India: State-owned Bank of India is looking to sell Rs 245.68 crore worth of non-performing loans from Uttar Pradesh-based Simbhaoli Sugars Ltd. The bank has invited bids from entities interested in acquiring these bad loans via a Swiss challenge auction.
Karur Vysya Bank: Private sector lender Karur Vysya Bank has opened two new branches, bringing its total branch network in Tamil Nadu to 475.
Coal India: The Competition Commission of India (CCI) has dismissed allegations of dominance abuse against Coal India regarding its e-auction scheme introduced in December 2022, ruling that the state-owned company had not violated any norms.
Kirloskar Group Companies: Four Kirloskar companies—Kirloskar Ferrous Industries Ltd (KFIL), Kirloskar Industries Ltd (KIL), Kirloskar Pneumatic Company Ltd, and Kirloskar Oil Engines Ltd—have filed an appeal before the Securities Appellate Tribunal, challenging a letter from the Securities and Exchange Board of India (SEBI) requiring them to disclose the deed of family settlement signed by the Kirloskar family in September 2009.
Reliance Industries (RIL): Reliance has raised $3 billion from a consortium of 11 banks, marking its largest borrowing deal in nearly two years.
Hindustan Unilever (HUL): HUL is in advanced talks to acquire the direct-to-consumer (D2C) skincare brand Minimalist at a valuation of Rs 3,000 crore.
Dabur: Dabur expects to report low single-digit growth in consolidated revenue for the December quarter, according to an update released on Friday after market hours.
City Gas Distribution Companies/ONGC/GAIL: The Ministry of Petroleum and Natural Gas has directed GAIL and ONGC to divert 1.27 million metric standard cubic meters per day (MMSCMD) of natural gas to city gas distribution (CGD) firms.
Vodafone Idea (Vi): Vodafone Idea has launched new prepaid plans priced at Rs 3,599, Rs 3,699, and Rs 3,799, which will offer unlimited data usage from 12 AM to 12 PM daily, in addition to the daily data usage limit at high speed.
Easy Trip Planners: Nishant Pitti, co-founder of online travel-tech platform EaseMyTrip, announced on Friday that he had sold a “small portion” of the promoter shares for “personal reasons,” just days after the company revealed his resignation as CEO.
Tata Elxsi: Tata Elxsi is set to collaborate with Qualcomm Technologies to accelerate the adoption of Software-Defined Vehicles (SDVs) for next-generation mobility, using Qualcomm’s Snapdragon automotive platform.
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