Key Stocks to Watch on Jan 12: ITC, NTPC, Mahindra & Mahindra, Vedanta, and Lemon Tree Hotels
Several prominent Indian stocks are set to be in the spotlight on January 12, 2024, due to a range of significant business updates, deal announcements, and Q3 earnings. Here’s a closer look at the key players:
NTPC, the leading power generation company, has signed a shareholder agreement with Maharashtra State Power Generation Company (MAHAGENCO) for the acquisition of STPL in a transaction valued at ₹3,800 crore. This move is expected to strengthen NTPC's presence in the thermal power segment.
ITC, a diversified conglomerate, has received a Letter of Allotment from the India International Convention & Expo Centre (IICC) for leasehold land in New Delhi, valued at ₹326.50 crore. This strategic addition is expected to enhance ITC's footprint in the hospitality and services sector.
Lemon Tree Hotels has approved a strategic reorganisation of its business and a fresh investment by global private equity firm Warburg Pincus in its subsidiary Fleur Hotels. This development confirms an earlier CNBC-TV18 Newsbreak and is expected to boost the company's growth and operational efficiency.
Vedanta, the diversified metals and mining company, has seen the National Company Law Tribunal (NCLT), Mumbai Bench, sanction a Scheme of Arrangement involving several of its subsidiaries, including Talwandi Sabo Power Limited (TSPL), Vedanta Aluminium Metal Limited, Malco Energy Limited, Vedanta Base Metals Limited, and Vedanta Iron and Steel Limited. This move is aimed at streamlining the company's operations and improving its financial health.
Mahindra & Mahindra, the leading automobile manufacturer, reported a significant increase in total sales volumes for December, rising 27% year-on-year to 85,501 units. Production also increased by 25.4%, although export volumes declined by 9.3% during the same period. This performance underscores the company's strong domestic market presence.
Embassy Development, a major real estate developer, reported pre-sales of ₹1,392 crore for the quarter, while collections rose 15% quarter-on-quarter to ₹415 crore. This reflects steady demand momentum across its residential and commercial real estate portfolio.
Ashiana Housing, another key player in the real estate sector, reported area booked at 5.56 lakh square feet in Q3, compared with 6.77 lakh square feet a year earlier. The value of area sold declined to ₹401.07 crore from ₹454.16 crore year-on-year, indicating a more cautious market environment.
Phoenix Mills Ltd, a Mumbai-based real estate developer, reported steady operational progress across its retail, commercial office, hospitality, and residential segments during the quarter and nine months ended December 31, 2025 (Q3 & 9M FY26). This performance highlights the company's robust business model and market positioning.
ICICI Lombard General Insurance faced an internal issue when a designated employee inadvertently uploaded information related to the company’s unaudited draft financial results for the third quarter (Q3) and nine months ended December 31, 2025, on their personal WhatsApp Status on January 9 at around 5:44 p.m. The company has taken steps to address this breach and ensure compliance with regulatory requirements.
These developments are expected to have a significant impact on the stock performance of these companies on January 12, 2024. Investors and market analysts will be closely watching these stocks for any further updates and insights into their future prospects.
In conclusion, the Indian stock market is poised for an eventful day with several major companies reporting significant business updates and financial results. Investors should stay informed and monitor these stocks closely to make informed investment decisions.
