Vedanta, LTIMindtree, Coal India, RVNL: Stocks to watch on Wednesday
Stocks to watch on Wednesday, January 3: Coal India, 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 till December in FY 2024.
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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