Stocks to watch today: ITC, HDFC Bank, Vedanta, NTPC Green Energy, ICICI Bank

Stock markets faced selling pressure on Friday, with both the Sensex and Nifty falling by nearly 1% during the volatile trading session, closing the week lower.

A stronger US dollar and concerns over high valuations contributed to the decline. As markets open today, several stocks will be in focus, such as ITC, NTPC Green Energy, ICICI Bank, HDFC Bank, Vedanta to keep an eye on.

ICICI Bank – the bank has been issued a notice by the Maharashtra Goods and Services Tax (GST) Department, which has raised a GST demand along with a penalty amounting to Rs 100.76 crore. The private sector lender has stated that it will address the matter appropriately. This includes exploring legal options, such as filing an appeal against the order within the stipulated time frame.

ITC – ITC’s shares will attract attention after the demerger of ITC Hotels took effect on January 1, with January 6 set as the record date.

NTPC Green Energy – NTPC Green Energy has launched a joint venture with Uttar Pradesh Rajya Vidyut Nigam, named NTPC UP Green Energy. The subsidiary, NTPC Renewable Energy, has secured a capacity of 1,000 MW at Rs 2.56 per kWh through an e-reverse auction.

Union Bank – Union Bank reported a 2% year-on-year (YoY) growth in domestic deposits to Rs 11.82 lakh crore, though this was down 2% sequentially.

Bandhan Bank – Bandhan Bank reported a 15% YoY rise in loans and advances, reaching Rs 1.33 lakh crore, compared to Rs 1.15 lakh crore last year.

Adani Wilmar – Adani Wilmar’s revenue for the December quarter grew 33% YoY, with a 6% rise in volumes.

HDFC Bank – HDFC Bank’s gross advances rose 0.9% quarter-on-quarter and 3% YoY to Rs 25.42 lakh crore. Deposits increased by 16% YoY to Rs 25.63 lakh crore.

IDBI Bank – IDBI Bank saw its net advances rise by 18% YoY to Rs 2.07 lakh crore, with deposits growing 9% YoY.

Bajaj Finance – Bajaj Finance’s assets under management increased by 28% YoY to Rs 3.98 lakh crore. Deposits rose 19% YoY to Rs 68,800 crore, and new loans jumped 22% YoY to 1.21 crore.

Vedanta – Vedanta reported a 3% YoY rise in aluminium production, reaching 6.14 lakh tonnes. Mined metal production in its zinc international operations grew 12% YoY to 46,000 tonnes.

Tata Elxsi – Tata Elxsi is collaborating with Qualcomm to develop virtual models of Snapdragon digital chassis solutions, aimed at cloud-based applications for next-generation mobility.

Premier Explosives – A fire accident at Premier Explosives’ Telangana factory caused damage to buildings and equipment. One person died, and another sustained severe injuries. The assets are insured.

Rama Phosphates – The Board of Rama Phosphates approved a stock split, with one share being split into two.

Hindustan Unilever (HUL)– HUL is reportedly in advanced talks to acquire skincare brand Minimalist for up to Rs 3,000 crore.

Kotak Mahindra Bank – Kotak Mahindra Bank’s COO and CTO, Milind Nagnur, will resign effective February 15, 2025.

Dabur – Dabur expects revenue growth in low single digits for Q3 but anticipates an improvement in demand sequentially.

HG Infra Engineering – HG Infra received a letter of intent for a 250 MW/500 MWh battery energy storage system in Gujarat, valued at Rs 630 crore.

Brigade Enterprises – The company signed a deal for a 20-acre land parcel in Bengaluru, aiming to develop a residential project with a gross development value of Rs 2,700 crore.

Tamilnad Mercantile Bank – The bank has opened a Global NRI Centre at its Thoothukudi headquarters to enhance services for NRI customers.

Nykaa (FSN E-Commerce Ventures) – Nykaa expects consolidated revenue growth to be higher than mid-twenties, with the beauty vertical growing in the low thirties.

JSW Infrastructure – JSW Infrastructure signed a concession agreement with Northern Railway to boost its logistics operations.

Deep Industries – Deep Industries secured a seven-year contract worth Rs 90.7 crore from ONGC for charter hiring a 100 MT workover rig in Assam.

Investors will be closely monitoring these stocks for movements influenced by the latest developments as trading resumes today.