Stocks to Watch Today: Key Updates on Tata Motors, HDFC Life, NMDC, RailTel, and More

 

Here's a snapshot of stocks to keep an eye on in today’s trading session:

 

Tata Motors: The company reported a slight 1% growth in domestic sales for December 2024, with a total of 76,599 units sold, up from 76,138 units in December 2023. Passenger vehicle sales, including electric vehicles, also rose by 1% to 44,289 units, while commercial vehicle sales dipped by 1% to 33,875 units.

 

HDFC Life Insurance: HDFC Life received two GST orders on December 31, 2024, for the financial year 2020-21, resulting in a total tax demand of ₹152.87 crore and interest of ₹117.71 crore. While no penalties were imposed, the orders claim issues with input tax credit related to exempt supplies.

 

NMDC: The leading iron ore miner reported a 5.1% increase in production for December 2024, totaling 4.71 million tonnes compared to 4.48 million tonnes a year earlier. However, iron ore sales fell by 6.7% year-on-year to 3.91 million tonnes.

 

RailTel Corporation: RailTel announced it received a significant order worth ₹78.43 crore from Bharat Coking Coal Ltd for telecom infrastructure projects, as confirmed in a recent regulatory filing.

 

CSB Bank: The Thrissur-based private lender experienced strong growth in the December 2024 quarter. Total deposits surged by 22.17% year-on-year to ₹33,406 crore, with a notable 28.10% increase in term deposits. Gross advances rose by 26.45% year-on-year to ₹28,914 crore.

 

Reliance Power: The company’s subsidiary, Sasan Power Ltd, successfully repaid $150 million in debt to IIFCL, UK, on December 31, 2024. This repayment is expected to improve Sasan Power's liquidity and credit rating, benefiting Reliance Power’s overall financial health.