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Indian frontline indices S&P BSE Sensex and Nifty started 2025 on a positive note on Wednesday aided by buying trends in most sectors, particularly in auto and banks. While the former closed at 78,507.41, gaining by 368.
40 points or 0.47%, the latter closed at 23,742.90, higher by 98.
10 points or 0.41%. When markets resume trading today, Tata Motors , Railtel Corporation , Reliance Power and Supreme Power Equipment will be in focus due to various related developments.
Tata Motors, Railtel Corporation , Reliance Power and Supreme Power Equipment Tata Motors Tata Motors sales in the domestic and international market for Q3 FY2024-25 stood at 2,35,599 vehicles, compared to 2,34,981 units during Q3 FY 2023-24. It was up by 0.26% on a YoY basis.
Total commercial vehicles (CV) sales stood at 95,770 units, which was down 1% YoY while the total PV sales was reported at 1,39,829 units, up 1% YoY. Stock Trading Masterclass on Value Investing and Company Valuation By - The Economic Times, Get Certified By India's Top Business News Brand View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder- Indiacharts.
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Reliance Power Sasan Power Limited, a subsidiary of Reliance Power has made a bullet payment of US$150 million to IIFCL, UK, fulfilling its debt obligation on December 31, 2024. This repayment will bolster Sasan Power’s debt coverage metrics, improve liquidity, and enhance its credit rating, Reliance Power informed in its Wednesday exchange filing. Sasan Power operates a 3960 MW Ultra Mega Power Plant (UMPP) in Sasan, Madhya Pradesh.
Reliance Power, a zero-debt company, recently raised Rs 1,525 crore through equity-linked warrants via a preferential issue, the filing said. South Indian Bank South Indian Bank reported an 11.94% jump in its gross advances for the quarter ended December 31, 2024 at Rs 86,965 crore versus Rs 77,686 crore reported in the year ago period.
Total deposits for the lender increased by 6.28% YoY to Rs 1,05,378 crore versus Rs 99,155 crore reported in the year ago period. CASA for the bank was up by 4.
13% YoY to Rs 32,831 as against Rs 31,529 reported in Q3FY24. The private lender informed exchanges as part of its Q3 updates and the numbers are provisional and may change in the final earnings. Supreme Power Equipment Supreme Power Equipment, an SME company with market capitalisation of Rs 607 crore on Wednesday, January 1 informed exchanges about receiving a new domestic order worth Rs 3.
63 Cr from TRANTRANSCO. Supreme Power manufactures power and distribution transformers. Atmastco Atmastco, a metal fabrication and EPC company will issue up to 34.
35 lakh fully paid-up equity shares at a price of Rs 250.50 per share each payable in cash aggregating up to Rs 86.04 crore to persons/entity belonging to non-promoter category on the preferential basis.
It will also issuance 4.80 lakh warrants convertible into equity shares at a price of Rs 250.50 per warrant, each payable in cash aggregating up to Rs 12.
02 crore to persons. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel ).
