With cautious optimism from global cues, the stock market started bullish into 2023. The Sensex was up 368.4 points or 0.47 percent on January 1, closing at 78,507.41 while Nifty closed the day at 23,742.90 points gaining 98.70 points. However today as well as roughly 3 days in the future, certain stocks’ vast movements are expected owing to quarterly and yearly corporate results as well as market update. Let’s take a look.
CSB: The Bank saw an exciting jump of approximately 26.5 percent in gross YoY December quarter, taking the number to 28,914 crore rs while gaining an approx 22.3 percent increase in deposits up to 33,406 crore rs.
SIB: The YoY gross advances increased by 11.94% reaching 86965 crore rs while the deposits went up by 6.3% reaching 105378 crore rs, the CASA Deposits ratio grew by 4.13 percent to 32,831 crore lowering 31.16 percent on ratio for the quarterly results up to the end of the previous year
Tata: There was a small surge of 1 percent YoY in the sale of domestic cars in December moving the total to 76,599 units. Commercial vehicles on the other hand only sold out a total of 33,875 units which was a drop of 1 percent alongside the rise in the sale of passenger vehicles reaching a total of 44,289 units including EV’s.
RailTel received a contract for a sum of ₹78.43 crore from Bharat Coking Coal. The company will provide integrated IT-based security infrastructure services as commemorated in the order and thus broadening its portfolio.
The YoY estimate saw iron ore production grow by 5.1 percent in December 2024 to 4.71mt. On the contrary, sales of the iron ore saw a decrease of 6.7 percent reaching 3.91 tons.
The company has been able to receive “No Adverse Observations” from BSE and “No Objection” from NSE with respect to the Adani Cementation upon the merger from the two institutions.
These enable the firm to further its investment in the financial technology market by signing up share purchase agreements with the embedded finance fintech platform “MyShubhLife.” (Datasigns Technologies).
The creation of vehicles in December 2024 went up by 30.3 percent YoY to 1,57,654 vehicles, this further cements Maruti’s place as the market leader.
The company purchased a land measuring 40 bighas in Derabassi, Punjab, with the intent of building a formulation plant for a total sum of 17.72 crore in a bid to prepare for the future growth, which goes to show potential.
Some key resignations were made public this week from Deepak Spinners whereowing CFO Poonam Chand Sharma left, and also from Ashoka Metcast were CFO Deepak Pandit resigned effective January 1.
To boost its financial strength, the corporation entered into a loan agreement with the Union Bank of India. The total amount of the loan is estimated to be ₹250 crore.
The resumption of activities in Bilaspur’s operational facility in Chhattisgarh has been carried out, enabling wors to commence in January 1.
A major change of leadership took place on January 1, when the Shanti Lal Jain acting as CEO and MD retired.
Also Read : Neilsoft Files for IPO: Plans to Raise ₹100 Crores Through Fresh Shares
Always do your due diligence or work with a financial expert before you make trade decisions. These stocks are set to see increased volume today which provides an opportunity both intra-day and for the longer term. So watch for some movement and then add those trends to your investment plans for success.
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