New Delhi: Indian indices rebounded after a negative start on Wednesday, January 1, 2025. The Sensex was up 368.40 points or 0.47 per cent to 78,507.41, while the Nifty rose 98.10 points or 0.41 per cent to 23,742.90 at market closing on Wednesday. Maruti, Mahindra & Mahindra, and Larsen & Toubro were the top gainers, while Tata Steel, Adani Ports, and Zomato were the top drags.
All eyes will remain on Wall Street indices as they reopen on January 2, 2025, after mourning former US President Jimmy Carter’s death on Janaury 1, 2025. Here are stocks that are likely to remain in focus on Thursday:
Coal India: The company’s units Bharat Coking Coal (BCCL) and South Eastern Coalfields (SECL) reported a decline in coal production in the April-December period of FY25, according to an exchange filing.
Hero MotoCorp: The two-wheeler maker received a Rs 26.40 crore an additional tax demand from the Income Tax Department for assessment year 2020-21, it said on Wednesday.
Hyundai Motor India: The South Korean carmaker reported a 2.4 per cent slip in total December sales to 55,078 units from 56,450 units in the year-ago period.
IREDA: The state-0wned renewable energy financier reported a 41 per cent rise in loan disbursement during the December quarter, to Rs 17,236 crore.
NMDC: The state-owned company’s iron ore production rose 5.1 per cent to 4.71 million tonne (MT) in December from 4.48 MT in the year-ago period and 3.91 MT in November 2024.
Reliance Power: The company’s arm Sasan Power paid $150 million in debt owed to IIFCL, UK, as part of its debt obligations in a move that is expected to have a positive impact on its credit rating.
Power Mech Projects: The company said on Wednesday that it had secured a Rs 294 crore order from Adani Power for multiple services to be provided at latter’s 1,320 MW Korba Phase-II Thermal Power Project in Chhattisgarh.
Suzlon: The renewables major received a second ratings upgrade from CRISIL with the latter raising its rating to ‘CRISIL A’ with a positive outlook. Earlier, CRISIL upgraded Suzloin’s rating to CRISIL A-.
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Stocks in News Today: From Coal India to Suzlon, here are stocks that are likely to remain in focus on Thursday, January 2, 2025. Indian indices reversed from declines to close Wednesday’s trade over 0.40 per cent higher. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
