Stock Market News: January 3rd Top Stocks Expected to Surge

Indian Stock Market – Exploring Lucrative Investment Prospects on January 3, 2025

Avenue Supermarts Ltd

• Consumer Defensive | Large Cap
• Rs.4152.75/-

Vishal Mega Mart Ltd

• Trading | Mid Cap
• Rs.113.85/-

Reliance Industries Ltd

• Energy | Large Cap
• Rs.1238.80/-

Transrail Lighting Ltd

• Infrastructure Developers & Operators | Small Cap
• Rs.2639.00/-

Sundaram Finance Ltd

• Financial Services | Mid Cap
• Rs.4739.95/-

Oil & Natural Gas Corpn Ltd

• Energy | Large Cap
• Rs.254.80/-

ITI Ltd

• Communication Services | Mid Сар
• Rs.2388.80/-

ZEE Enterprises Ltd

• Consumer Cyclical | Small Cap
• Rs.129.83/-

HDFC Bank Ltd

• Financial Services | Large Cap
• Rs.1778.95/-

Hero MotoCorp Ltd

• Consumer Cyclical | Mid Cap
• Rs.4220.90/-

Mahindra & Mahindra Ltd

• Consumer Cyclical | Large Cap
• Rs.3208.00/-

ITC Ltd

• Consumer Defensive | Large Cap
• Rs.484.55/-

Tata Motors Ltd

• Consumer Cyclical | Large Cap
• Rs.770.95/-

Bajaj Finance Ltd

• Financial Services | Large Cap
• Rs.7429.90/-

Trent Ltd

• Consumer Defensive | Large Cap
• Rs.7,376.05/-

Maruti Suzuki India Ltd

• Consumer Cyclical | Large Cap
• Rs.11909.60/-

Trending Top Stories in The Indian Stock Market on January 3, 2025

1. Upgrade of HDFC Bank target price has been done to Rs 2,120 from Rs 2,020 by Jefferies.

2. Avenue Supermarts: The firm’s Q3 FY25 revenue comes in at 17.5% yoy at ₹15,565 cr, and will open 45 new stores during FY25.

3. HSBC reiterates the Hold rating on Pl Industries; cuts the target price to Rs 3,800 on the back of higher export risks and subdued core business growth.

4. Kotak Institutional Equities upgraded B Bajaj Finance to overweight with a price target of $8,000, expecting 25%+ loan book growth over three years.

5. CLSA lowers target price for IndusInd Bank from 1,600 to 1,300, lowers FY25-27CL PAT estimates by around 10% due to increased credit costs.

6. Morgan Stanley maintains Equal-weight rating on Petronet LNG with a target price of ₹400, citing regulatory concerns as exaggerated and expecting better-than-expected earnings.

7. Underweight rating for PNB with a target price of 95 on Morgan Stanley: because of structural challenges, this company offers good Q3FY25 volume growth.

8. CLSA adds Nestle India to its India-Focus portfolio after huge stock price crash.

9. Allcargo Logistics disposes of step-down subsidiary CELM Logistics SA de CV in Mexico, effective December 12, 2024. With that, CLSA cuts target price for Bandhan Bank to Rs 220 while maintaining an Overweight rating.

10. Morgan Stanley maintains Overweight rating on Maruti Suzuki with a target price of Rs 14,124, expecting stock to outperform the country index.

11. CLSA adds Britannia Industries to its India-Focus portfolio after a significant drop in stock price.

12. Nomura maintains a BUY rating on VOLTAS Voltas Ltd with a target price of Rs 2142.

13. Last trading date to buy shares of ITC for eligibility of receiving ITC Hotels shares on de-merger record date is January 6, which comes on January 3.

14. Citi retains BUY with a target of Rs 5,350; the December sales growth was high at 25%.

15. Eicher Motors’ December sales of its Royal Enfield increased by 25% year on year while the stock jumped 9% during the session.

16. Centrum Broking has a buy recommendation on Maruti Suzuki India with a price target of Rs 16,000, citing strong growth drivers.

17. Arun Krishnamurthi has resigned as managing director and CEO of Axiscades Technologies, effective January 2, 2025, for personal reasons.

18. Kotak rates Bajaj Finance an add with a B price target of 28,000; Citi places it on a 90-day positive catalyst watch with a target of 8,150.

19. Bank of Maharashtra said total deposits were up 13.5 per cent year-on-year while gross advances increased by 21.2 per cent during Q3.

Also read: New Year 2025 Wishes: Share These and Inspire Fresh Beginnings

10 Exciting New OTT Releases Coming Your Way This 27th December Weekend

Christmas Wishes: Share These Top 40 Radiant, Transformative, Powerful Messages to Spread Joy, Positivity, and Blessings

Top 15 Incredibly Beautiful Women from Across the World

Krystyna Pyszkova, Representing The Czech Republic, Crowned Miss World 2024!

Navratri and Nine Forms of Goddess Durga: A Deeper Insight into the Divine Feminine

Mahindra Thar Roxx Unleashes New Era of Adventure with Cutting-Edge Features

Celebrate India’s Independence Day with these Inspiring Messages and Quotes

Source: Google Google News  NSE BSE

News Desk: News Lounge 24×7

Watch Our News Channel On: You Tube

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.

This page lists the most active stocks traded on the Indian Stock Market, sorted by trading volume and price movements for the day. Investors and traders can utilize this list for quick identification of potential potentially lucrative investment opportunities and to keep abreast of the current trends in the market.