Stocks To Watch Today on January 13, 2025: Avenue Supermarts, Waaree Energies and More in Focus

On Friday, January 10, 2025, the Indian benchmark indices Sensex dropped by 241.30 points, or 0.31%, to close at 77,378.91, while the Nifty 50 declined by 95 points, or 0.40%, ending at 23,431.50. Check out a few stocks that might be in focus during the trading session on Monday.

• Avenue Supermarts

Avenue Supermarts’ net profit increased by 4.8% to ₹723.7 crore, while revenue rose by 17.7% to ₹15,973 crore, according to the business update. EBITDA grew by 8.7% to ₹1,217.3 crore, with the EBITDA margin decreasing to 7.6% from 8.3% last year. Anshul Asawa will take on the role of CEO Designate starting March 15, 2025.

• Waaree Energies 

Waaree Energies is set to acquire the entire 100% stake in Enel Green Power India from Enel Green Power Development for ₹792 crore.

• Biocon

The USFDA has classified Biocon’s arm, Biocon Biologics’ facility in Johor, Malaysia, as Voluntary Action Indicated (VAI) following a cGMP inspection conducted from September 15 to 27, 2024.

• Sunteck Realty 

Sunteck Realty reported a 40% rise in pre-sales for the third quarter, reaching ₹635 crore, compared to the previous year. However, collections saw a 23.3% decline year-on-year, totalling ₹336 crore.

• Adani Wilmar

Adani Wilmar has announced that Adani Commodities will exercise the oversubscription option in the OFS to acquire an additional 1.51% stake, with the OFS set to open for retail investors on Monday.

• Signature Global

Signature Global is set to purchase a 16.12-acre land parcel in Gurugram, which offers a total potential developable area of approximately 2.73 million square feet.

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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