NTPC, D-Mart, JSW Steel, HDFC twins, and auto stocks are among the stocks in the headlines.

  • July 4, 2022, 1:16 p.m.

Nifty futures on the Singapore Exchange traded 3.5 points, or 0.02 per cent higher at 15,741, signaling that Dalal Street was headed for a flat start on Monday. Here are a dozen stocks which may buzz the most in today's trade:

HDFC Bank, HDFC: The proposal of merger of HDFC with its banking subsidiary HDFC Bank, the biggest transaction in India's corporate history, has got approval from stock exchanges. Both HDFC and  HDFC Bank NSE 0.01 % have got no-objection from both stock exchanges.

Auto stocks: The automobile manufactures, both two-wheeler and four-wheelers, would be at the radar of investors as many of them announced their sales figures for the the month of June after the market hours on Friday, July 1. For all auto manufactures, it is mandatory to report their sales figures on first day of every new month.

Stock Analysis – Know before investing Stock score of Glenmark Pharmaceuticals Ltd moved up by 1 in a week on a 10-point scale.

NTPC: State-run power giant's arm, NTPC Renewable Energy ( NREL), has signed a memorandum of understanding (MoU) with the Rajasthan government to develop 10 GW ultra mega renewable energy power parks (UMREPP) in the state. The power PSU in a statement said that NTPC Group has set a target of 60 GW renewable energy capacity by 2032.

JSW Steel: To reduce its carbon footprint, the steel maker has earmarked a sum of Rs 10,000 crore to increase use of renewable energy to replace thermal power and other green initiatives. Various steel makers use coal to generate thermal power for captive use.

Avenue Supermarts: The owner and operator of retail chain D-Mart reported a nearly twofold rise in its standalone revenue from operations to Rs 9,806.89 crore for the first quarter ended on June 30, 2022. The company had revenue from operations of Rs 5,031.75 crore in the April-June quarter a year ago.

NMDC: The state-owned miner has registered a fall of about 14 per cent in its iron ore production at 2.57 million tonnes (MT) during June 2022. In June last year, it had produced 2.98 MT iron ore. Last month the company also saw its sales falling to 1.90 MT, from 3.18 MT in June 2021.

Phoenix Mills: The credit rating agency CRISIL has reaffirmed its long term credit rating on company's bank loan facilities of Rs 400 crore at A+, but revised outlook to Positive from Stable. The outlook revision reflects strong recovery witnessed in the group performance, especially post the third wave, said the agency.

Glenmark Pharmaceuticals: The drug maker has received an observation from USFDA, which issued Form 483, after an inspection at the company's formulation manufacturing facility based out of Aurangabad, India between June 27 and July 1, 2022.

Bharat Forge: The Pune-based auto parts maker Bharat Forge said it and its subsidiary BF Industrial Solutions has successfully completed the acquisition of Coimbatore-based JS Autocast Foundry India. The deal to acquire supplier of critical machined ductile castings for wind, hydraulic, off-highways and automotive applications, was announced in February.

Muthoot Finance: The gold loan service firm has received permission from the Reserve Bank of India (RBI) for opening 150 new branches for the company. It now has more than 5,443 branches across India.

Oil India: Harish Madhav, Director (Finance), Oil India (OIL), has taken over the additional charge as Chairman and Managing Director of the nation's second largest national exploration and production (E&P) company. Madhav was given the additional charge following superannuation of Sushil Chandra Mishra on June 30. Madhav took charge on July 1.

Hindustan Zinc: The Vedanta group firm reported a 14 per cent increase in mined metal production to 2,52,000 tonnes for the first quarter of 2022-23. The rise in mined metal production was due to higher ore production largely at Sindesar Khurd, Rampura Agucha and Kayad mines supported by better mill recovery.

CSB Bank: The private sector lender recorded a 16.16 per cent year-on-year growth in gross advances at Rs 16,332.8 crore for the quarter ended June 2022 and total deposits grew by 8.65 per cnet to Rs 20,266.8 crore during the same period.

UFlex: The packaging major is intensifying efforts to start supplying locally-produced paper straws by around October-November with the ban on plastic straws coming into effect from this month.

Zee Media Corporation: The news broadcaster said its Chief Executive Officer (CEO) Sudhir Chaudhary has resigned from the position. Chaudhary's resignation is effected from the close of business hours of July 1, 2022, said a regulatory filing by Zee Media Corporation (ZMCL).

Ashoka Buildcon: The joint venture with Cube Construction Engineering and led by Ashoka Buildcon, it emerged as 'the lowest bidder' for construction and maintenance of Rajiv Gandhi Fintech Digital Institute, Jodhpur. The project cost is Rs 611 crore and construction period is 18 months from commencement date.

National Fertilizers: The agrochemical firm has clocked a growth of 47 per cent in total fertilizer sale during April-June 2022. The company reported total sale of 15.58 lakh million tonnes compared to 10.62 lakh million tonnes in corresponding period last year.

Timex Group India: The watch retailer will soon launch Adidas Originals watches and products of German luxury fashion house Philipp Plein in the domestic market. Timex said it has been launching strong fashion brands in India.

Hindustan Motors: The erstwhile maker of the iconic 'Ambassador' cars, expects to set up a new joint venture with a European partner to manufacture electric two-wheelers by next year. It might look at making electric four-wheelers at a later date.

3i Infotech: The company has completed a sale of the software product business of its subsidiary in Thailand on a going concern basis to Azentio Software, after receiving regulatory approvals. The transaction is as per the business transfer agreement executed between the company and the buyer in December 2020.

CIL Nova Petrochemicals: The textile products firm has announced temporary shutdown of operations of manufacturing plant at Sanand, Ahmedabad due to maintenance work of captive power plant from July 1. There would not be any material impact and there is a sufficient inventory to service the sales orders in hand.

Author : Rajdhani Delhi Representative

Rajdhani delhi representative

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