Stocks To Watch Today on January 15, 2025: Hindustan Zinc, Adani Green and More in Focus

On Tuesday, January 14, 2025, the Indian benchmark indices Sensex gained by 169.62 points, or 1.22%, to close at 76,499.63, while the Nifty 50 surged by 90.10 points, or 0.39%, ending at 23,176.05. Check out a few stocks that might be in focus during the trading session on Wednesday.

• Hindustan Zinc

Hindustan Zinc, a subsidiary of the Vedanta Group, has been imposed with penalties totalling ₹92.55 crore by the Deputy Commissioner of State Tax in Udaipur. The penalties consist of ₹41.11 crore for the fiscal year 2018-19 and ₹51.45 crore for 2019-20, along with a tax demand and accrued interest. The issue revolves around the input tax credit under Section 17(5) of the GST Act. The orders were issued on January 13, 2025.

• Adani Green 

Adani Green, the largest renewable energy company in India, announced an increase in its total operational renewable capacity to 11,666.1 MW after launching a 57.2 MW wind power project in Khavda, Gujarat. The project, developed by Adani Renewable Energy Forty Eight Ltd, a subsidiary of AGEL, is part of a wind-solar hybrid initiative. The decision to begin operations was finalised on January 14, 2025.

• Optiemus Infracom

Optiemus Infracom, a company involved in electronics manufacturing and telecom product marketing, revealed that its fully owned subsidiary, Optiemus Unmanned Systems Private Ltd, has formed a strategic alliance with Taiwan’s KunWay Technology to produce drones in India. Through this partnership, Optiemus Unmanned Systems will focus on localising, manufacturing, and distributing a variety of KunWay’s drone products designed specifically for the Indian market.

• Sula Vineyards 

Sula Vineyards, India’s leading wine producer, shared its business update for Q3 FY25, reporting net revenue of ₹217.3 crore, a slight decline of 0.7% compared to ₹219 crore in the same quarter last year. The company’s wine tourism segment performed exceptionally well, achieving a record quarterly revenue of ₹16.4 crore, reflecting an 11.5% year-on-year growth.

• Allcargo Gati

Allcargo Gati, a leading express distribution and supply chain company, shared its business performance for December 2024. The company reported a total volume of 113 kilotonnes (kt) for the month, which includes both surface and air express operations. This marks an 8% year-on-year (YoY) growth from 105kt in December 2023. Additionally, the monthly volume saw a 10.8% increase compared to 102kt in November 2024.

• Shoppers Stop

Shoppers Stop, a retail chain, reported a 41.5% year-on-year (YoY) increase in net profit, reaching ₹52.2 crore for the third quarter ending December 31, 2024. In the same quarter last year, the company had posted a net profit of ₹36.9 crore. Revenue from operations rose by 11.5%, reaching ₹1,379.5 crore compared to ₹1,237.5 crore in Q3 of FY24.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.