Stocks to Watch: YES Bank, PNB, DMart, Adani Ent, LIC, Hero MotoCorp, Maruti, and Others


Stocks To Watch On January 3: GIFT Nifty on the NSE IX traded 75.5 points, or 0.35 per cent, lower at 21,676.50, signaling that Dalal Street was headed for negative start on Wednesday. Here’s a slew of stocks that will be in focus today for various reasons.

Adani Group: The Supreme Court is expected to announce its verdict in the Adani-Hindenburg case later on Wednesday.

YES Bank: The lender’s loans and advances, at the end of Q3FY24, stood at Rs 2.17 trillion, up 11.9 per cent Y-o-Y. The deposits were Rs 2.41 trillion, up 13.2 per cent Y-o-Y.

Maruti Suzuki: The company recorded total production at 1.21 lakh units, down 2.9 per cent Y-o-Y, and passenger car production at 64,802 units, down 3.7 per cent Y-o-Y.

Hero MotoCorp: The company recorded vehicle sales at 393,952 units, down 0.1 per cent Y-o-Y, and motorcycle sales at 354,658 units, down 0.6 per cent Y-o-Y. The company’s exports stood at 16,110 units, up 25.7 per cent Y-o-Y.

CSB Bank: The bank’s gross advances grew 22.6 per cent Y-o-Y to Rs 22,863 crore in Q3FY24, while deposits were up 20.65 per cent on year at Rs 27,344 crore.

Punjab National Bank: It has posted a 13.5 per cent growth in advances to Rs 9.72 trillion for the December quarter. Besides, PNB’s deposits rose at 9.4 per cent to Rs 13.23 trillion.

Bank of Maharashtra: It saw a 20.28 per cent increase in loan growth to Rs 1.88 trillion, while deposits climbed 18 per cent Y-o-Y to Rs 2.45 trillion.

Avenue Supermarts: Sharing its Q3 business update, DMart said the company recorded a standalone revenue of Rs 13,247 crore, up 17.2 per cent Y-o-Y during the quarter, with the number of stores at 341 as of December 31.

V-Mart Retail: The retail store’s revenue from operations grew 14 per cent Y-o-Y in Q3FY24 at Rs 889 crore, including Rs 17 crore from LimeRoad. The same store sales growth (SSSG) stood at over 4 per cent for the quarter.

Shyam Metalics: Shyam Metalics and Energy Ltd. has launched its qualified institutional placement to raise up to Rs 3,600 crore. The floor price has been set at Rs 597.63 apiece, a discount of 7.06 per cent from its previous close on the NSE.

Mahindra EPC Irrigation: The company received four orders worth Rs 13.34 crore from the office of the Assistant Engineer of the Water Users Association for the supply of pressurized micro irrigation systems.

MOIL: The company recorded a production volume of 1.85 lakh MT, up 31 per cent Y-o-Y for December, while sales were at 11.01 lakh MT, up 40 per cent YoY from April to December.

Affle (India): It will buy a 9.03 per cent stake in Explurger for Rs 37.3 crore.

Sudarshan Pharma Industries: The company is taking legal action against Regans International for non-delivery of material despite an advance payment of AED 3599048 six months earlier.

DCB Bank: The Reserve Bank of India (RBI) has allowed ICICI Prudential AMC and ICICI Ventures to pick 9.95 per cent stake.

Birlasoft: Manjunath Kygonahally has taken over as the chief executive officer of the rest of the world region, effective from January 2.

Exide Industries: The company will increase its corporate guarantee to Exide Energy Solutions from Rs 2,000 crore to Rs 3,000 crore.

Life Insurance Corporation: The company has received a tax demand of Rs 117 crore from Telangana tax authorities for FY17.

Brigade Enterprise: The company has acquired an additional 4.53 per cent stake in BCV Developers.

Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.

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