Cyient DLM, Hindustan Zinc, Tata Motors, HDFC Bank, Samvardhana Motherson among top stocks to track today

Stocks to watch: The domestic equity market is expected to open in the red on Monday, July 10. At 8:09 am, the GIFT Nifty was trading 29 points, or 0.15 per cent lower at 19,429. Besides, Asian share markets edged cautiously higher as investors looked ahead to a critical reading on U.S. inflation and the start of another corporate earnings season. Chinese consumer price figures surprised on the soft side, with inflation falling in June and remaining essentially unchanged from a year before, as per a Reuters report.

That said, let's look at the top stocks that may remain in focus today. 

Tata Motors: Global brokerage CLSA has maintained a buy rating on the stock with a target price of Rs 690. On Friday, the stock hit a record high of Rs 624.65 apiece on the BSE after the company's flagship unit, Jaguar Land Rover (JLR), released its sales numbers for the June quarter (Q1FY24). Wholesale volumes for the first quarter were 93,253 units (excluding the Chery Jaguar Land Rover China JV), up 30 per cent compared to the same quarter a year ago. READ MORE

Hindustan Zinc: The company's board has announced an interim dividend of Rs 7 per equity share for the current financial year.

Cyient DLM: Shares of the company are slated to list on stock exchanges today.

Mahindra & Mahindra: According to a report by a leading business daily, the carmaker is in advanced talks with British International Investment (BII) and some other global investors to raise up to Rs 5,000 crore ($605 million) for its electric vehicles (EV) unit.

Samvardhana Motherson International Limited (SAML) announced on July 7 that it has entered into an agreement to acquire a 100 per cent stake in Rollon Hydraulics Private Limited.

IRB Infra: The company announced that it has registered a toll revenue growth of 16% in June 2023. The company’s toll collection for the month of June 2023 stood at Rs 383 crore, against Rs 329 crore registered in the corresponding month of FY23, i.e., June 2022.

HDFC Bank: The lender will replace Housing Development Finance Corp (HDFC) Ltd on the MSCI Global Standard indexes from Thursday, July 13, an MSCI release on Friday said.

Reliance Industries (RIL): The record date of the demerger of Reliance Strategic Investments and RIL has been fixed as July 20. The share allotment will be based on a ratio of 1:1.

SpiceJet: The company's board will consider raising fresh capital on July 12 through the issue of equity shares and/or convertible securities on a preferential basis.

Vedanta Limited: The company announced the addition of semiconductor and display glass manufacturing ventures to its diversified portfolio.

RVNL: The company announced that it has emerged as the Lowest Bidder (L1) for "Rehabilitation and Upgradation from 4 to 8 laning of Chandikhole- Paradip Section of NH-53 (Old NH- 5A) from Km. 60.000 to Km. 76.646 (Package-4) in Odisha.