Stocks to Watch on January 2, 2025: GIFT Nifty futures were trading 53.85 points lower at 23,844 around 7:26 am. The Sensex closed 368.40 points, or 0.47 per cent, higher at 78,507.41 on Wednesday. Similarly, the NSE Nifty 50 closed at 23,742.90, up 98.10 points, or 0.41 per cent, from its previous close.

Here is the list of stocks that were in the news today (January 2, 2025):

Auto Stocks: Tata Motors, Maruti Suzuki and other auto stocks will be in focus after the release of December sales and production data.

Telecom stocks: According to the quarterly report released by the Telecom Regulatory Authority of India (TRAI), the gross revenue of telecom operators grew 10.5 percent year-on-year (YoY) to Rs 91,426 crore in the September 2024 quarter. This was the time when they raised the tariff rates.

Hero MotoCorp: The company has received an additional tax demand of Rs 26.40 crore from the Income Tax Department for 2020-21.

Easy Trip Planners: Easy Trip Planners, also known as EaseMyTrip, has appointed its co-founder Rikant Pitti as chief executive officer (CEO), succeeding his brother Nishant Pitti.

India Cements: The board of India Cements (ICL) has approved the appointment of Suresh Vasant Patil as CEO and Krishnagopal Ladsaria as CFO.

Adani Energy: Tamil Nadu Power Distribution Corporation has cancelled the tender issued for the procurement of smart meters citing the high costs quoted by Adani Energy Solutions Ltd (AESL).

Karur Vysya Bank: The total business of the bank grew by 14.93 percent to Rs 1.82 trillion as of December 31, 2024, as against Rs 1.58 trillion in the same period a year ago.

CSB Bank: Total deposits of this private sector lender grew 22.17 percent year-on-year to Rs 33,406 crore as against Rs 27,345 crore a year ago.

South Indian Bank: In its business update, South Indian Bank said its gross advances grew 11.94 percent to Rs 77,686 crore, as against Rs 86,965 crore a year ago.

Railtel Corporation: The company has received an order worth Rs 78.43 crore from Bharat Coking Coal Limited for integrated IT-based security infrastructure along with a range of services. 

Ambuja Cements: The company received an observation letter with 'no adverse comments' from the BSE and 'no objection' from the National Stock Exchange of India (NSE) regarding Adani Cementation's plan to merge with the company.

NMDC: The company's iron ore production rose 5.1 percent to 4.71 million tonnes (MT) in December 2024 as against 4.48 MT in the same month last year. However, iron ore sales declined 6.7 percent to 3.91 MT as against 4.19 MT a year ago.

Ind-Swift Laboratories: The company completed the purchase of 40 bighas of land located in Punjab for a total consideration of Rs 17.72 crore.

Ugro Capital: The Company entered into a share purchase agreement and shareholders agreement to purchase shares in Bangalore-based embedded finance fintech platform “MyShubLife” (DataScience Technologies) from its existing shareholders.

Goa Carbon: The company's factory in Bilaspur, Chhattisgarh has restarted and production has returned to normal from January 1.