Vedanta, LTIMindtree, Coal India, RVNL: Stocks to watch on Wednesday

Stocks to watch on Wednesday, January 3: Domestic equities ended lower on Tuesday, January 2, due to profit-taking in bank and IT shares after recent sharp gains and amid sustained foreign fund outflows. The 30-share BSE Sensex fell by 379.46 points, or 0.53 per cent, to settle at 71,892.48. Nifty declined by 76.10 points, or 0.35 per cent, to close at 21,665.80.

Here are some stocks that will be in focus on Wednesday, January 3

Coal India

The company, through a filing, stated that it had supplied an all-time high volume of 98 million tonnes (mts) of coal to non-regulated sector (NRS) consumers until December in FY2024. 

LTIMindtree

The IT firm's board will consider Q3 FY24 results on January 17, 2024.

Vedanta

The company's subsidiary, Bharat Aluminium Company Limited (BALCO), received a Goods and Service Tax (GST) demand notice of over Rs 22 crore for FY 2017-18 on account of procedural issues.

RVNL

The joint venture company KRDCL-RVNL received a Letter of Acceptance (LOA) from Southern Railway for a major redevelopment of the Varkala Sivagiri Railway Station. The order is worth over Rs 123 crore.

Jubilant FoodWorks

The company will acquire a 6.32 per cent stake in O2 Renewable Energy XVI Private Limited for the purchase of renewable energy power generated from the Captive Generating Plant.

JK Paper

Delhi and Chennai GST Officers have raised a tax demand of Rs 21.65 lakh and Rs 2.42 lakh, respectively, against the company.

As per the filing, the company would file an appeal before the appellate authorities. There is no material impact on the financial, operational, or other activities of the company due to the aforesaid orders.

Cholamandalam Investment and Finance Company

The company's board will consider financial results for the third quarter on January 25, 2024.

Hindustan Zinc

The company released its business update for the third quarter ended December 31, 2023.

Adani Group stocks in focus

The Supreme Court will hear the matter of the Hindenberg case at 10:30 am today.

Hero MotoCorp

The company posted weak December auto sales at 3,93,952 units, flat year-on-year.

Avenue Supermarts

The retail company, in its Q3 update, provided that the standalone income at the firm has come in at Rs 13,247.33 crore.

PNB

The company, in its business update, provided that global advances inched higher by 13.5 per cent to Rs 9.72 lakh crore.

MOIL

In December, the company logged record production with 31 per cent growth. In the April–December period, the company has logged production and sales growth of around 40 per cent. 

Tata Motors

The commercial vehicle major has supplied 100 e-buses to Assam State Transport Corp.

Shyam Metalics

The company's QIP was launched on Tuesday with a floor price pegged at Rs 597.63 per share.

VST Industries

Veteran investor Radhakishan Shivkisan Damani bought 2.2 lakh shares for Rs 3,390.

Strides Pharma

Amansa Holding Pvt Ltd bought 5.94 lakh (0.65%) shares at Rs 659.41 per share.

(With inputs from agencies.)

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