Stocks to watch on Thursday, January 11: At 8:16 AM, GIFT Nifty futures traded 17.4 points, or 0.08 per cent, higher at 21,726.5, indicating a positive start for domestic equities on Thursday, January 11. Domestic equity indices Sensex and Nifty bounced back from intra-day lows to settle higher on Wednesday, supported by fag-end buying in market heavyweights such as ICICI Bank and HDFC Bank.

After a muted opening, the BSE benchmark swung between gains and losses before settling 271.50 points or 0.38 per cent higher for the day at 71,657.71. The Nifty advanced 73.85 points or 0.34 per cent to settle at 21,618.70.

Here are some stocks that will be in focus on Thursday, January 11:

Kalyani Steels:

The company has been declared a successful bidder for the acquisition of the assets of Kamineni Steel & Power India Private Limited. The acquisition of assets is to be completed on or before May 7, 2024.

Atul:

The company's subsidiary, Atul Products, has received the required approval of licences and commenced its operations of a 300 tpd caustic and 50 MW power plant situated at the Atul site.

Safari Industries:

The company's board will consider a proposal for raising funds by way of the issue of securities on January 15, 2024.

Polycab India:

The Income tax department conducted search operations at the company. The company's sales amounting to around Rs 1000 crore were not shown in its books.

Kamat Hotels: 

As per sources, tourism boost in Ayodhya will augur well for the company. The company will be opening a new hotel in Ayodhya this month only, with plan to establish 3 hotels in the city.

Power stocks/ Coal India/GMDC:

In an exclusive conversation with Zee Business, Coal Minister Prahlad Joshi said that electricity demand will double until 2030.  The centre is planning to rope in private players for coal gasification. Further, until March, 30 more critical mineral mines will be auctioned.

Axiscades:

The company's QIP was launched on Wednesday with the floor price set at Rs 696.7 per share. The company will deliberate on the QIP's issue price in its board meeting on January 15. 

CESC: 

The company's subsidiary Noida Power Company has bagged an order from the UPERC. 

NCC:

Smallcap World Fund INC bought 36.15 lakh shares (0.58%)  at Rs 185.23/share 

Spicejet

As per the pointers from the company's AGM, the company as part of Regional Connectivity Scheme (RCS)  has exclusive rights for Lakshadweep and it plans to start flights soon for the island. Also, it plans to soon connect Ayodhya via different cities. Total allocation for the expansion is pegged at Rs 2250 crore.

Q3FY24 results to be announced:

Rallis India:

The company's board will consider the third-quarter results (Q3FY24) in a meeting on Tuesday, January 23, 2024.

Marico:

The board will consider Q3 results in a meeting on Monday, January 29, 2024.

IIFL Finance:

The board will consider third-quarter results along with a dividend on January 17, 2024.

Quick Heal Technologies:

The board will consider third-quarter results on January 24, 2024.

Tech Mahindra:

The board will consider financial results for the quarter ended December 31 in a meeting on January 24.

Q3 business update:

Bank of India:

The company recorded domestic advances at Rs 4,26,622 crore in Q3 against those of Rs 4,76,125 crore a year ago.

The Phoenix Mills:

The company reported the highest-ever quarterly consumption with consumption soaring 24 per cent YoY to Rs 3287 crore. 

Senco Gold:

The company logged a sharp surge in revenue in Q3  of 24 per cent YoY.  Also, it launched 19 new stores taking the store count total to 155.

With inputs from agencies

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