Stocks In News: DMart To HDFC Bank Ltd. — Top Gainers And Losers

Avenue Supermarts Ltd., the operator of DMart, saw its stock price soar by up to 15% on Friday locking in upper circuit following the announcement of an 18% year-on-year increase in its standalone revenue from operations, reaching Rs 15,565.2 crore for the quarter ending December. The surge was fueled by a UBS note, which highlighted DMart’s strong performance in Q3, attributing it to effective operational execution amid growing competition from quick commerce.

ITC Ltd. saw a decline of up to 1.12% on Friday as the stock gained traction ahead of the last trading day for investors to qualify for receiving shares of ITC Hotels Ltd. This comes as the stock goes ex-demerger. The record date will determine which shareholders are eligible to receive shares in ITC Hotels, the newly independent entity.

Jai Corp Ltd. shares tumbled more than 16% on Friday, marking the second consecutive day of losses, after a 5,286-acre industrial land parcel was sold to Reliance Industries Ltd. for Rs 2,200 crore. Over the past two days, the stock has plummeted by more than 35%.

Zee Entertainment Enterprises Ltd. surged more than 7% on Friday following news that the capital market regulator had widened its investigation into CEO Punit Goenka and Chairman Emeritus Subhash Chandra.

HDFC Bank Ltd. shares dropped 2.24% on Friday after CLSA removed the stock from its India-focused portfolio, citing concerns over an uncertain global macro environment, high valuations, and a potential slowdown in India's economic growth.

Rec Ltd.'s shares rose as much as 3.61% on heels of bullish sentiment from Emkay Global as it initiated coverage on the public sector power financier recommending a 'buy' on the stocks. The brokerage's positive stance is built on the robust growth potential of India's power sector, improved asset quality, and attractive valuations.

KPI Green Energy Ltd.'s shares gained nearly 3% on Friday Jan. 3 on the record date for its proposed bonus issue in a 1:2 ratio. Investors were to hold shares of the renewable energy firm by Jan. 2, Tuesday, to ensure their stock is credited to their demat accounts on a T+1 basis before the record date. On Jan. 2 the shares rose as much as 4.31%