Here's a quick snapshot of today's market moves, highlighting strong bank growth, booming auto sales, and a few stocks that could catch investors' eyes.
Results Today
Corona Remedies will release its quarterly earnings later today.
Quarterly Business Update
Punjab & Sind Bank (Q3 YoY)
- Total business up 11.84% to ₹2.49 lakh crore.
- Deposits rose 9.27% to ₹1.39 lakh crore.
- Gross advances grew 15.25% to ₹1.10 lakh crore.
South Indian Bank (Q3 YoY)
- Gross advances up 11.27% to ₹96,765 crore.
- Total deposits up 12.17% to ₹1.18 lakh crore.
- CASA increased 14.65% to ₹37,640 crore, ratio now 31.84%.
Indian Bank (Q3 YoY)
- Total business rose 13.4% to ₹14.30 lakh crore.
- Gross advances jumped 14.5% to ₹6.40 lakh crore.
- Deposits grew 12.5% to ₹7.90 lakh crore.
Monthly Auto Sales (December YoY)
Hyundai Motor India
- Total sales increased 6.6% to 58,702 units.
- Domestic sales: 42,416 units.
- Exports surged 26.5% to 16,286 units.
Hero MotoCorp
- Total sales jumped 40% to 456,000 units.
- Domestic sales rose 42.5% to 419,000 units.
- Exports grew 21% to 37,236 units.
TVS Motor Company
- Total sales rose 50% to 481,000 units.
- Two‑wheeler sales up 48% to 461,000 units.
- EV sales surged 77% to 35,605 units.
- Three‑wheelers up 110% to 20,318 units.
- International sales grew 40% to 146,000 units.
Stocks to Watch
- RailTel Corporation of India – Won a Rs 56.71 cr order to set up a Hospital Management Information System in Assam.
- Aurobindo Pharma – Its subsidiary Auro Pharma will buy Khandelwal Laboratories’ non‑oncology prescription business for Rs 325 cr.
- Olectra Greentech – Set commercial operation date of Dec 31 2025 for its Hyderabad EV bus plant, starting with 2,500 buses per year.
- REC – Executive Director Narendra Kumar Maurya retired on Jan 1.
- Time Technoplast – Got approvals to make high‑pressure 2‑litre composite gas cylinders.
- Vodafone Idea – Faced a tax penalty demand of Rs 637.9 cr, which it plans to contest legally.
Bulk Deals
- KV Toys India – Royal Alpha Opportunity Fund bought 42,000 shares at ₹332.57 each; Vorton Opportunities Fund bought 33,600 shares at ₹327.03 each.
Remember, this is just my perspective, not a prediction. Do your own research before making any investment decisions.