The GIFT Nifty futures, which is an early indicator of the Nifty50 index, were trading lower by 35 points at 23,734.50, indicating that the domestic benchmark indices are likely to make a negative start on Wednesday.
On Tuesday, 31 December, Domestic benchmark indices S&P BSE Sensex slumped by 109.12 points and settled at 78,139.01, while the Nifty50 traded flat and settled at 23,644.80.
Here are some stocks that are likely to remain in focus on 1 January.
Quarterly Results Today: The new year ushers in the Q3 earnings season, with companies set to announce their financial results for the October-December 2024 period in the coming days.
Auto Stocks: Automobile companies are set to be in focus today as several companies such as Hero MotoCorp, Tata Motors, Bajaj Auto, and TVS Motors are set to release their December sales data.
SJVN: The company has announced signing an MoU with the Bihar Government to develop the 1,000 megawatts (MW) Hathidah Durgawati Pumped Storage Project and other similar projects in the state.
Kalpataru Projects: The company has announced that it is securing new orders worth Rs 1,011 crore through its transmission and distribution (T&D) and railway businesses.
ITD Cementation: The company has announced that it is securing a significant marine contract worth Rs 1,648 crore for the Vadhvan Port in Maharashtra, which is set to be India’s largest deep-water port.
Thomas Cook: The company has revealed a cyberattack on its IT infrastructure; however, the company has taken swift action to investigate the breach and is collaborating with cybersecurity experts to contain it.
Sun Pharma: The company has announced its plans to divest its 100% stake in Sun Pharma Japan Technical Operations and sell it to Zaza Industries Holdings KK, Japan, for a nominal consideration of one Japanese yen.
ITC: After the demerger of its hotel business, effective 1 January, the company will transfer its shares in eight subsidiaries, including WelcomHotels (Lanka) and Fortune Park Hotels, to ITC Hotels Ltd.
L/T Foods: The company has announced the completion of acquiring a 17.55% stake in its organic subsidiary, Nature Bio-Foods, for a total consideration of Rs 110 crore, making it its wholly-owned subsidiary.
Newgen Software Technologies: The company has announced securing multiple projects, which include a $1.64 million credit automation project and a Rs 20.9 crore order for its remittance system license.
Utkarsh Small Finance Bank: The company has announced that it is selling its portfolio of unsecured stressed microfinance loans worth Rs 354.54 crore to an Asset Reconstruction Company for a total consideration of Rs 52 crore.
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