Domestic indices ended with modest gains on Tuesday, January 5, 2021, led by strength in IT, banks and financial shares. The S&P BSE Sensex gained 260.98 points or 0.54% to 48,437.78. The Nifty 50 index added 66.60 points or 0.47% to 14,199.50. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, January 6, 2021. List of such five stocks:
HDFC Bank: The private lender in its quarterly updates of Q3FY21 released on Tuesday said the Bank’s advances aggregated to approximately Rs 10.82 lakh crore as of December 31, 2020, a growth of around 16% on a year-on-year basis and 4% on a quarter-on-quarter basis. The Bank’s deposits aggregated to approximately Rs 12.71 lakh crore as of December 31, 2020, a growth of around 19% on YoY basis and around 3% on QoQ basis.
See Zee Business Live TV Streaming Below:
Godrej Consumer: Godrej Consumer Products on Tuesday released its operational update of Q3FY21 and said during the quarter ended 31 December 2020, demand trends in our categories across the key countries we operate in, remained stable. In India, we expect to deliver a second consecutive quarter of close to low double-digit sales growth, driven by higher than mid-single-digit volume growth. This is led by Soaps, which is expected to deliver strong mid-teen growth. Following a sharp recovery, Hair Colours is also expected to deliver mid-teen growth. Household Insecticides is expected to deliver close to high single-digit growth. We continue the robust scale-up of our Personal and Home Hygiene category.
ACC Ltd: The company has announced the successful commissioning of the new cement production facility at the Company’s existing Sindri Grinding Unit in the State of Jharkhand. The new facility will add capacity of 1.4 MTPA cement to the existing 3.0 MTPA unit, taking the total capacity at Sindri to 4.4 MTPA.
BEML + CONCOR
BEML: BEML has received orders for supply of High Mobility Vehicles from MoD’ at an approximate value of Rs 758 crore. These High Mobility vehicles would play a key role in the logistics management of the Indian Army leveraging on its exceptional cross-country capabilities. The equipment will be manufactured at BEML’s Palakkad Plant in Kerala and would supply the vehicles to Indian Army in a span of one year.
CONCOR: Container Corporation of India Ltd. on Tuesday said that it is exploring the possibility of a merger of its subsidiary Company_(ies) i.e. M/s Concor Air Ltd.(CAL), M/s Sidcul Concor Infra Company Ltd. (SCICL) & M/s Punjab Logistics Infrastructure Ltd. (PUL) with CONCOR.
Hero MotoCorp + UTI AMC
Hero MotoCorp: Insurance major Life Insurance Corporation of India (LIC) has raised its stake in Hero MotoCorp by over 2 per cent through open market operations over a period of time. With this, the state-owned insurer’s stake in the auto major rose to 9.1 per cent.
UTI AMC: Mirae Asset Investment Managers (India) Private Limited has increased its stakes in the company from 4.98% to 5.003% on January 5, 2021.