Tata Motors, GMR Airports, NMDC, MOIL: Stocks to track on Monday
Stocks to watch on Monday, June 3: REC, NMDC, MOIL among stock that will remain on investor's radar on Monday ahead of general assemble elections results which are scheduled on Tuesday (June 4).
Stocks to watch on Monday, June 3: Stock markets snapped their five-day losing run on Friday with the benchmark BSE Sensex closing higher by 75 points on value-buying in banking and oil shares after recent losses. The 30-share BSE Sensex rose by 75.71 points or 0.10 per cent to settle at 73,961.31. Nifty rose by 42.05 or 0.19 per cent to end at 22,530.70.
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(With inputs from agencies.)
Here are some stocks that will be in focus on Monday, June 3:
Auto stocks
Auto stocks:
Tata Motors, Mahindra & Mahindra, Ashok Leyland, and other auto stocks will be on investors' radar after the companies released their May auto sales numbers. Ashok Leyland, Atul Auto came up with better-than-estimated sales numbers, while May sales numbers were below estimates for M&M, TVS Motor, Tata Motors and Hero MotoCorp.
GMR Airports Infrastructure
GMR Airports Infrastructure:
Delhi International Airport Limited (DIAL) led GMR Airport Infrastructure Ltd has achieved a milestone of reducing electricity consumption per passenger by 57 per cent since 2010.
Ashoka Buildcon
Ashoka Buildcon:
The company emerged as the lowest bidder for two projects worth Rs 2,152.7 crore of Maharashtra State Road Development Corporation (MSRDC).
NMDC
NMDC:
The company's total production in May stood at 2.34 mt against 3.71 mt year-on-year (YoY).
MOIL
MOIL:
The company hiked prices of all Ferro grades of manganese ore with Manganese content of Mn-44 per cent and above 35 per cent on the prevailing prices since May 1, 2024, w.e.f. June 1, 2024.
ONGC/Reliance Industries/Oil India/MRPL/Chennai Petroleum Corporation
ONGC/Reliance Industries/Oil India/MRPL/Chennai Petroleum Corporation:
The government has reduced windfall tax on domestically-produced crude oil to Rs 5,200 per tonne from Rs 5,700 with effect from Saturday. Besides hotel and airline stocks will also gain traction after the OMCs reduced the price of 19kg commercial cylinder by Rs 69.5 per kg. Alongside, aviation stocks will gain focus as they have slashed the price of ATF by Rs 6673.87/kl.
REC
REC:
The company will raise up to Rs 1.45 lakh crore via bonds in one or more tranches. It has also appointed Harsh Baweja as Director (Finance) & CFO of the company.
Canara Bank
The lender will offload 14.5 per cent stake in Canara HSBC Life Insurance and for the same the bank's board has given its go-ahead.
Welspun Corp
The company's associate entity EPIC has bagged multiple contracts worth Rs 3,670 crore from Aramco. Further, this contract has to be completed within a timeline of 19 months.