Stocks to Watch Today – January 2
Banking, auto, telecom, pharma, infra, and metal stocks are in focus after Q3 updates, sales numbers, and key corporate announcements.
Indian equities are likely to witness stock-specific action today as several companies reported strong quarterly business updates, robust auto sales for December, fresh project wins, regulatory developments, and operational performance data across sectors.
Banking Stocks: Strong Q3 Growth Trends
Punjab & Sind Bank
The bank reported solid business momentum in Q3, with total business rising 11.84% year-on-year to ₹2.49 lakh crore. Deposits increased 9.27% to ₹1.39 lakh crore, reflecting steady balance-sheet expansion.
South Indian Bank
Gross advances grew 11.27% to ₹96,765 crore, while total deposits climbed 12.17% to ₹1.18 lakh crore, indicating healthy credit demand and deposit traction.
Indian Bank
Indian Bank posted double-digit growth across key parameters. Total business rose 13.4% to ₹14.30 lakh crore, advances increased 14.5% to ₹6.40 lakh crore, and deposits grew 12.5% to ₹7.90 lakh crore.
Corporate & Regulatory Updates
Vodafone Idea
The telecom operator received a GST penalty order of approximately ₹638 crore from the Central GST authority in Ahmedabad, which may keep the stock volatile.
RailTel
RailTel secured a Letter of Acceptance from the Assam Health Infrastructure Development and Management Society for a Hospital Management Information System project, strengthening its order book.
Aurobindo Pharma
The company’s subsidiary approved the acquisition of the non-oncology prescription formulations business of Khandelwal Laboratories for ₹325 crore on a going-concern basis.
Auto Stocks: Strong December Sales
Hero MotoCorp
Hero reported a sharp 40% year-on-year jump in December wholesales at 4,56,479 units, supported by festive demand and improved rural sentiment.
TVS Motor Company
TVS Motor posted robust growth, with December sales surging 50% to 4,81,389 units compared to the same period last year.
Maruti Suzuki
The automaker indicated it may review pricing for small cars, after having reduced prices earlier beyond the GST benefit, keeping the stock in focus.
Infrastructure & PSU Updates
HUDCO
The state-owned lender reported Q3 loan sanctions exceeding ₹46,000 crore, reflecting strong infrastructure and housing demand.
Metal & Mining Stocks
Coal India
Coal production rose 4.6% year-on-year in December, although offtake declined 5.2%, which may impact near-term sentiment.
NMDC
NMDC reported strong operational performance, with iron ore production up 14.64% and sales rising 18.67% year-on-year for December.
(Disclaimer: The content above is provided solely for informational purposes and should not be treated as investment advice. SmartInvestment advises readers to consult a qualified financial advisor before making any investment or money-related decisions.)