Stocks To Watch Today on January 02, 2025:Tata Motors, NMDC, RailTel and More

As of 7:26 AM, GIFT Nifty futures were trading 53.85 points lower at 23,844. In the previous session, Sensex rose by 368.40 points (0.47%) to close at 78,507.41, while Nifty50 gained 98.10 points (0.41%) to settle at 23,742.90.

Key Stocks to Watch on January 2, 2025

• Auto Stocks: Tata Motors and Maruti Suzuki

Auto stocks, including Tata Motors and Maruti Suzuki, will be in focus as companies release their December 2024 sales and production figures.

• Telecom Stocks

Telecom operators reported a 10.5% year-on-year (Y-o-Y) rise in gross revenue to ₹91,426 crore for the September 2024 quarter, driven by tariff hikes, as per TRAI’s latest performance report.

• NMDC

NMDC reported a 5.1% Y-o-Y increase in iron ore production to 4.71 million tonnes in December 2024. However, sales fell 6.7% to 3.91 million tonnes compared to 4.19 million tonnes in December 2023.

• Hero MotoCorp

The Income Tax Department has issued an additional tax demand of ₹26.40 crore to Hero MotoCorp for the assessment year 2020-21.

• RailTel Corporation

RailTel secured a ₹78.43 crore order from Bharat Coking Coal Ltd for implementing IT-based security infrastructure and related services.

• Ambuja Cements

Ambuja Cements received regulatory clearance from the BSE and NSE for the merger of Adani Cementation with the company.

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.