Stocks To Watch: ITC, Thomas Cook, ITD Cementation, Piramal Enterprises, Kalpataru Projects, Kirloskar Industries, SJVN, Sun Pharma – Market News

As the Indian stock market steps into 2025, investors are gearing up for an eventful trading week.

On the first trading day of the year, January 1, 2025, GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a lower opening on Wednesday. Here’s a look at the key stocks to watch in trade.

Stocks in Focus: GIFT Nifty was trading 35 points lower at 23,734.50 indicating a negative start for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday.

India Cements Share Price Today Highlights, 26 Dec, 2024: India Cements closes 0.3% higher

Stocks To Watch: India Cements, Swiggy, InterGlobe Aviation, Ola Electric, Indian Oil Corporation, Dabur, Bharat Petroleum Corporation

Stocks To Watch: Nestle India, JSW Infrastructure, Bharti Airtel, Reliance Industries, Ola Electric, IOC, Adani Energy Solutions, NTPC

Stocks To Watch: NHPC, Reliance Power, Ambuja Cements, Exide Industries, REC, Jindal Saw, Pfizer, Granules India

Prior to this, On December 31, the last trading day of the year, the benchmark indices ended on a lackluster note. The Sensex dropped by 109.12 points to settle at 78,139.01, while the Nifty 50 remained almost flat, losing just 0.1 points to close at 23,644.80.

Stocks to watch on January 1, 2025

ITC

ITC is set to finalise the demerger of its hotel business, with January 1, 2025, as the effective date. Shareholders will keep a close watch, especially with January 6 marked as the record date for eligibility.

Thomas Cook

Travel services giant Thomas Cook revealed a cyberattack on its IT infrastructure. The company has taken swift action to investigate the breach and is collaborating with cybersecurity experts to contain the impact.

ITD Cementation

The construction giant bagged a Rs 1,648 crore marine contract for the Vadhvan Port in Maharashtra, poised to be India’s largest deep-water port.

Kalpataru Projects

The company secured Rs 1,011 crore worth of orders across transmission, railway, and building projects.

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Kirloskar Industries

Kirloskar Industries plans to contest a recent SEBI directive asking for disclosure of a 2009 family settlement agreement. The legal challenge could attract investor attention, as it involves a longstanding dispute among the Kirloskar family member.

Piramal Enterprises

The company announced an infusion of Rs 1,000 crore into its wholly-owned subsidiary, Piramal Capital & Housing Finance Ltd (PCHFL), via a rights issue subscription. The funds will be used for business expansion and corporate activities, ensuring PCHFL remains a 100 per cent subsidiary of Piramal Enterprises.

SJVN

SJVN has signed an MoU with the Bihar government to develop the 1,000 MW Hathidah Durgawati Pumped Storage Project and other similar projects in the state.

Sun Pharmaceutical Industries

Sun Pharma has agreed to sell its subsidiary, Sun Pharma Japan Technical Operations, to Japan’s Zaza Industrial Holdings KK for a symbolic price of one yen. The subsidiary will no longer be part of the company.

Suzlon Energy

S. Venkata Subramaniam, CEO of SE Forge, a Suzlon Energy unit, has stepped down, effective at the close of business hours.

TVS Holdings

TVS Holdings has sold its entire 100 per cent stake in TVS Emerald, totaling 25.54 crore shares, to VEE ESS Trading, a promoter group firm, for Rs 485.85 crore.

Auto Stocks Await Sales Data

Auto manufacturers are set to release their December monthly sales data today(January 1) making the auto sector a focal point for Wednesday’s trading session.

Upcoming Quarterly Results

The new year also marks the beginning of the Q3 earnings season. Companies will soon release their financial performance for October-December 2024 in the coming days, with analysts watching closely for trends in growth and profitability.

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