Stock Market News: January 2nd Top Stocks Expected to Surge

Indian Stock Market – Exploring Lucrative Investment Prospects on January 2, 2025

Tanla Platforms Ltd

• Technology | Small Cap
• Rs.2776.00/-

Bajaj Finance Ltd

• Financial Services | Large Cap
• Rs.7149.50/-

Railtel Corporation of India Ltd

• Communication Services | Small cap
• Rs.427.80/-

Tata Motors Ltd

• Consumer Cyclical | Large Cap
• Rs.750.50/-

Avanti Feeds Ltd

• Miscellaneous | Small Cap
• Rs.701.70/-

One Mobikwik Systems Ltd

• E-Commerce/App based Aggregator | Small Cap
• Rs.612.45/-

Unimech Aerospace and Manufacturing Ltd

• Aerospace & Defence | Small Cap
• Rs.1500.00/-

ITI Ltd

• ITI Communication Services | Mid Сар
• Rs.2378.85/-

International Gemmological Institute (India) Ltd

• Miscellaneous | Small Cap
• Rs.621.50/-

Swan Energy Ltd

• Consumer Cyclical | Small Cap
• Rs.738.35/-

Jai Corp Ltd

• Consumer Cyclical | Small Cap
• Rs.258.70/-

Maruti Suzuki India Ltd

• Consumer Cyclical | Large Cap
• Rs.11310.00/-

Hindustan Aeronautics Ltd

• Industrials | Large Cap
• Rs.4222.40/-

BSE Ltd

• Financial Services | Mid Cap
• Rs.5399.50/-

Infosys Ltd

• Technology | Large Cap
• Rs.1913.80/-

Mazagon Dock Shipbuilders Ltd

• Industrials | Mid Cap
• Rs.2262.50/-

Trending Top Stories in The Indian Stock Market on January 2, 2025

1. Coromandel International is identified as a major beneficiary in the DAP and phosphatic fertilizer sector, indicating positive market potential.

2. DCX Systems secures a $2.26 million DCX export order from Elta Systems, Israel, for backplane module assemblies, enhancing its global aerospace and defense presence.

3. Hi-Tech Pipes reports record Q3 FY25 sales of 1,24,233 MT, up 26.10% YoY, driven by demand for solar torque tubes.

4. Investec keeps BUY rating on NTPC, cuts target price to Rs 421, implying 26% upside potential post stock correction.

5. Ashok Leyland reports 5% growth in December sales volumes at 16,957 units compared to 16,154 units in December 2023.

6. Citi retains Buy rating on Mahindra & Mahindra with a target price of ₹3,520, which implies an upside of 14.34%.

7. Ambuja Cements got no adverse observations from BSE and no objection from NSE to the amalgamation scheme with Adani Cementation.

8. Goldman Sachs reiterates ‘buy’ rating on Interglobe Aviation with a target price of Rs 4,800, which suggests an upside of almost 5% from the current levels.

9. CLSA now expects better fiscal 2025 guidance for HCL Technologies and revenue growth in 3QFY25.

10. Citi upgrades Kotak Mahindra Bank to Buy, raises price target to Rs 2,070, sees 16% upside.

11. CLSA expects revenue growth Infosys guidance from Infosys to strengthen further in 3QFY25 on better client sentiment.

12. CLSA has downgraded Wipro to ‘Hold’ from ‘Outperform’ but retained a target price of ₹303 as it sees a lack of near-term growth catalysts.

13. Shanti Lal Jain, MD and CEO of Indian Bank, superannuated on December 31, 2024; Vallery Rath appointed as Chief General Manager.

14. Vishnu Prakash R Punglia receives Letter of Intent from Rajasthan Govt for elevation works worth Rs 31.34 crore.

15. Ceenik Exports has announced a bonus issue in 1:5 ratio and the record date has been fixed on January 3, 2025.

16. Supreme Power Equipment bags a SPEL domestic order valued at Rs. 3.63 crore from TRANTRANSCO.

17. Atmastco to issue 34.35 lakh equity shares of Rs 250.50 each, aggregating up to Rs 86.04 crore, along with 4.80 lakh convertible warrants.

18. JSW Energy was accorded a ‘Hold’ rating by MarketsMojo after healthy financial numbers for September 2024, with a rise of 64.4% in profit before tax.

19. Maruti Suzuki produced 1,57,654 vehicles in December 2024, up 30.3% from 1,21,028 vehicles in December 2023.

20. Tata Motors has reported a 1% YoY growth in MOTORS December sales at 76,599 units, while total Q3 FY25 sales rose 0.26% YoY to 2,35,599 vehicles.

21. Ind-Swift Labs has concluded the acquisition of 40 bighas of land in Punjab for Rs 17.72 crore for establishing a new formulations plant.

22. Jefferies keeps a BUY rating on Larsen & Toubro with a target price of Rs 4600.

23. Bajaj Auto faces ‘Sell’ downgrade by MarketsMOJO after 31.4% fall in quarterly profit for September 2024.

24. Bharti Airtel reported ₹7,753 crore net profit in H1 FY25, exceeding previous year’s total profit, with EBITDA margin retained at around 52%.

25. Axis Securities expects HDFC Bank to report a double-digit return in 2025 with a price target of 2,025, indicating a 14% upside.

26. Goa Carbon has resumed operations at its Bilaspur unit in Chhattisgarh, and production has been normalized with effect from January 1, 2025.

27. Ugro Capital Ltd has signed agreement U to acquire shares of MyShubhLife, a fintech platform based in Bangalore specializing in embedded finance.

28. Ambuja Cements has received regulatory clearances for its merger with Adani Cementation from BSE and NSE.

29. Biocon Ltd is expanding its generics business with the appointment of top executives in R&D, regulatory, quality, operations, and commercial roles.

30. Mahindra & Mahindra lowered to ‘Hold’ from ‘Outperform’ by Markets Mojo – as of Jan. 1, 2025.

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Source: Google Google News  NSE BSE

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