Stocks to watch on Friday, January 5: At 8:09 am, GIFT Nifty traded 12.45 points, or 0.06 per cent, lower at 21,773.5, indicating a subdued start for domestic equities on Friday, January 5.

Indian shares rebounded on Thursday after falling for the past two days and ended nearly 1 per cent higher, mainly on buying in HDFC Bank and Bajaj Finance. The 30-share BSE Sensex jumped 490.97 points, or 0.69 per cent, to settle at 71,847.57 points. Nifty climbed 141.25 points, or 0.66 per cent, to 21,658.60 points.

Here are some stocks that will be in focus on Friday, January 5

Dhampur Sugar Mills

The company's board approved the buyback of 10 lakh shares at Rs 300 apiece. The buyback size is set at Rs 30 crore. The record date for the buyback is January 17, 2024, on a proportionate basis through a "tender offer."

Lupin

The pharmaceutical company received tentative approval from the US Food and Drug Administration (USFDA) for Dapagliflozin and Saxagliptin tablets. This product will be manufactured at Lupin’s Pithampur facility in India. Dapagliflozin and Saxagliptin tablets are indicated as adjuncts to diet and exercise to improve glycemic control in adults with Type 2 diabetes mellitus.

UltraTech Cement

The cement company issued a corporate guarantee of USD 147 million in favour of Sumitomo Mitsui Banking Corporation Singapore Branch for a credit facility availed by its subsidiary in the UAE, viz. UltraTech Cement Middle East Investments Limited.

Shakti Pumps (India)

The company received the 9th patent for “SOLAR FLOUR MILL" from the Indian government.

BCL Industries/ Gulshan Poly and sugar stocks shall gain focus

OMCs have increased the incentive for ethanol produced from corn by around Rs 5.79 per litre. Now, the price has risen from Rs 66.07 per litre to Rs 71.86 per litre.

Cyient DLM/ Avalon Tech/ Kaynes Technology/ HCL Infosystem:

For the PCB imported from China and Hong Kong, there is a proposal to impose an anti-dumping duty. The move will impact the manufacturers of printed circuit boards and electronic items.

Grasim Industries:

The company's board has approved the issuance of 2.2 crore rights shares at a price of Rs 1,812, a 12.4 per cent over the current market price.

NTPC and other power companies to gain focus

The CERC has issued the power generation draft tariff norms that will come into effect from April 1, 2024.

Q3FY24 results to be announced

C.E. Info Systems

The company's board will consider Q3 financial results on January 16, 2024.

BEL

Bharat Electronic Ltd's board will consider financial results for the third quarter ending December 31 on January 29, 2024.

360 One Wam

The company's board will consider Q3 financial results on January 18, 2024.

Q3 business updates

Dabur

The company, in its Q3 business update, said the third quarter ended on December 31 and witnessed sequential improvement in demand trends, although rural growth was still lagging behind urban growth.

L&T Finance Holdings

The company expects retailisation of the portfolio at 91 per cent at the end of Q3 FY24, well ahead of the Lakshya 2026 goal of over 80 per cent. Further, retail disbursements for Q3 FY24 are estimated at Rs 14,500 crore, up 25 per cent year-on-year (YoY).

Utkarsh Small Finance Bank

The company released its Q3 business update, in which it reported 30.8 per cent YoY growth on the gross loan portfolio, 17.6 per cent YoY growth in total deposits, and 11.6 per cent YoY growth in CASA.

Sobha

The company realised the highest-ever quarterly sales value with sales of 1.25 million square feet in Bangalore. The company further informed that for 9MFY24, the company achieved the best sales performance, with average price realisation up by 21.5 per cent.

RBL Bank

The total deposits of the lender grew 13 per cent year-on-year, while gross advances increased 20 per cent during the December-ended quarter.

J&K Bank

The bank's total deposits surged 9 per cent YoY, while gross advances grew by 14.1 per cent YoY.

ESAF Small Finance Bank

The lender recorded a surge in non-performing assets (NPAs) in the recently concluded quarter, with NNPA growing to 2.2 per cent as against 1.19 per cent in the previous quarter.

(With inputs from agencies.)

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