Stocks To Watch Today on January 03: DMart, MOIL, M&M and More

The GIFT Nifty futures were trading 92.15 points lower at 23,190.5 around 7:30 AM on January 3, 2025. In the last session, the 30-share Sensex rose 1,436.30 points (1.83%) to close at 79,943.71, while the NSE Nifty50 climbed 445.75 points (1.88%) to end at 24,188.65.

Here are the key stocks in focus for today:

• Avenue Supermarts (DMart)

Avenue Supermarts Ltd, which operates the retail chain DMart, reported a 17.5% year-on-year growth in standalone revenue from operations for Q3 FY25. The company recorded revenues of ₹15,565.23 crore for the quarter ending December 31, 2024.

• Bank of Maharashtra

Bank of Maharashtra’s Q3 business update highlighted a 21.19% year-on-year growth in gross advances, reaching ₹2,28,652 crore, compared to ₹1,88,670 crore last year. Its CASA deposits increased by 11.5%, rising to ₹1,37,504 crore from ₹1,23,322 crore.

• Hindustan Zinc

Hindustan Zinc’s mined metal production dropped 2% year-on-year to 2,65,000 tonnes in FY25 Q3, compared to 2,71,000 tonnes in FY24 Q3. Saleable metal production remained flat at 2,59,000 tonnes.

• MOIL

MOIL reported its best-ever Q3 performance in October-December 2024. The company produced 4.6 lakh tonnes of manganese ore, while sales reached 3.88 lakh tonnes, up 13% year-on-year.

• Varun Beverages

Varun Beverages announced an investment of ₹412 crore in its South African subsidiary, Beverage Company Proprietary (Bevco). Bevco manufactures and distributes licensed PepsiCo products and its own non-alcoholic beverages in South Africa.

• Tata Motors and Mahindra & Mahindra (M&M)

The Ministry of Heavy Industries (MHI) has given approval for incentive claims worth ₹246 crore under the Production-Linked Incentive (PLI) scheme for the automobile and auto components industry. Tata Motors and Mahindra & Mahindra submitted these claims.

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.

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