Stock Market News: December 31 Top Stocks Expected to Surge

Indian Stock Market – Exploring Lucrative Investment Prospects on December 31, 2024

Lupin Ltd

• Basic Materials | Large Cap
• Rs.2308.90/-

HDFC Bank Ltd

• Financial Services | Large Cap
• Rs.1774.90/-

General Insurance Corporation of India

• Financial Services | Mid Cap
• Rs.7436.65/-

Reliance Industries Ltd

• Energy | Large Cap
• Rs.1208.75/-

Ola Electric Mobility Ltd

• Automobile | Mid Cap
• Rs.87.37/-

Bharat Electronics Ltd

• Consumer Cyclical | Large Cap
• Rs.289.05/-

Trent Ltd

• Consumer Defensive | Large Cap
• Rs.6930.90/-

Hindustan Aeronautics Ltd

• Industrials | Large Cap
• Rs.4117.65/-

 ITI Ltd

• IT Communication Services | Mid Cap
• Rs.396.50/-

One Mobikwik Systems Ltd

• E-Commerce/App based Aggregator | Small Cap
• Rs.597.60/-

Mazagon Dock Shipbuilders Ltd

•  Industrials | Mid Cap
• Rs.2228.90/-

Dam Capital Advisors Ltd

•  Stock/Commodity Brokers | Small
• Rs.7387,80/-

Greaves Cotton Ltd

• Industrials | Small Cap
• Rs.283.39/-

Zomato Ltd

• Technology | Large Cap
• Rs.276.35/-

Easy Trip Planners Ltd

•  Miscellaneous | Small Cap
• Rs.15.49/-

Indian Railway Finance Corporation Ltd

• Financial Services | Large Cap
• Rs.147.24/-

Trending Top Stories in The Indian Stock Market on December 31, 2024

1. Maruti Suzuki reports 17% sequential decline in standalone net profit at Q3 FY2024; revenue rises marginally; retail sales are positive.

2. Citi maintains Buy call on Vodafone Idea Ltd. with a target of 13 as clarity on debt funding remains a prime catalyst.

3. Citi remains on Positive Catalyst Watch on Indus Towers, wherein visibility on reinstatement of dividend has improved and carries a 6% yield.

4. SpiceJet to meet Boeing to discuss resuming deliveries of B737 Max planes, says chairman Ajay Singh.

5. Jefferies adds HDFC Bank to its Asia ex-Japan long-only portfolio with a 4% weightage.

6. Stocks of Prataap Snacks fell 2% after a fire at its Jammu manufacturing unit causes significant damage, suspends operations.

7. Brokerages continue to maintain positive views on POLYCAB Polycab India, with price targets between Rs 7,750 and Rs 8,550, as they see high demand and growth potential.

8. Persistent Systems net profit surged 23.4% YoY to Rs 3,250 million for Q2 FY24, with net sales up 20.1% to Rs 28,972 million.

9. Jubilant Ingrevia’s subsidiary to acquire 6.67% stake in Forum I Aviation, increasing total holding to 15.79%.

10. Morgan Stanley has ‘overweight’ rating on Reliance Industries, sets a target of ₹1,662, and sees upside potential of 37%.

11. Vakrangee Limited entered into a tie-up with Future Generali India Insurance for the distribution of general insurance products through its network of Vakrangee Kendras.

12. Magicpin, backed by Zomato, is set to go public in 2025 and has begun talks with investment banks and legal advisors.

13. GMR Airports avails comfort letter CAR for Rs 100 crore working capital facility to ICICI Bank for its subsidiary, GMR Nagpur International Airport.

14. Power Grid Corporation transferred its 26% residual equity stake in four associate companies to Powergrid INVIT for Rs 506.62 crore.

15. Escorts Kubota gets ‘Hold’ rating from Markets Mojo with strong financial performance and mixed growth indicators as of December 30, 2024.

16. ITC to provide Rs 1,500 Cr to demerged hotel company ITC Hotels for growth and contingency needs from January 1, 2025.

17. Hindalco Industries gets vesting order for Meenakshi Coal Mine in Odisha: another boost to further resource securitisation and sustainable growth.

18. Reliance seeks at least $3.5 premium per barrel for crude oil from the KG-D6 block after winning bids of 17,600 barrels monthly from April 2025.

19. Bata India introduces a VRS at its Tamil Nadu unit in Hosur. It is a step towards mutual gains of the company and the employees.

20. Godrej Industries receives a ‘Hold’ Gore upgrade from MarketsMojo as the company suffers a decline in profits and a rise in debt levels.

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Source: Google Google News  NSE BSE

News Desk: News Lounge 24×7

Disclaimer: The views and recommendations made above in news headlines are those of individual analysts or broking companies, and not of News Lounge 24×7. We advise investors to check with certified experts before taking any investment decisions.

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