Stocks to watch: HDFC Group stocks, NMDC, Federal Bank, UltraTech Cement, Hero Moto, among others
Stocks to watch: UltraTech Cement shared its Q1 business update. Its total sales during the quarter rose 20 per cent over the year.
Stocks to watch: The GIFT Nifty indicates a flat-to-positive start to trading on Monday, July 3. At 8:19 AM, the GIFT Nifty traded 13 points, or 0.07 per cent higher at 19,358 levels.
Here's a list of stocks that may trade actively in today's trading session:
HDFC Bank: The merger of HDFC Ltd and HDFC Bank has been completed. It is one of the most significant mergers in Indian corporate history. Post-merger, HDFC Bank will become the fourth most valued lender in the world, and narrow the gap by asset size with state-owned SBI to be the second largest Indian bank. The total business of the merged entity stood at Rs 41 lakh crore at the end of March 2023. With the merger, the net worth of the entity would be over Rs 4.14 lakh crore.
Reliance Industries: Reliance Industries Ltd and its partner BP Plc announced on Friday the start of production from the MJ oil and gas field in the KG-D6 block, helping scale up India's output of clean fuel to over 100 million cubic metres a day.
State Bank of India: The public sector lender on Saturday rolled out a revamped version of its YONO app which includes a number of new Unified Payments Interface (UPI) features like Scan and Pay, Pay by Contacts, and Request Money, among others, and Interoperable Cardless Cash Withdrawal (ICCW).
Auto stocks: A host of auto companies have released their June sales figures.
Bharti Airtel: Warburg Pincus sold shares of telecom major Bharti Airtel on Friday for Rs 1,649 crore through an open market transaction. Lion Meadow Investment Ltd, an affiliate of private equity firm Warburg Pincus, disposed of shares of Bharti Airtel.
UltraTech Cement: The company shared its Q1 business update. Its total sales during the quarter rose 20 per cent over the year.
NMDC: The state miner produced 3.48 million tonnes and sold 4.1 million tonnes of iron ore in the third month of FY24, recording the highest-ever June month and Q1 production and sales in company history. Registering an upswing of 35% in production over MoM, the country’s largest iron ore producer has achieved its best-ever monthly production for April, May, and June performances since inception, the company said in its regulatory filing.
Hero Moto Corp: The company announced it would increase the prices of motorcycles and scooters by 1.5 per cent. Also, Harley-Davidson will launch the X440 motorcycle, which is co-developed with Hero MotoCorp.
Bank of Baroda: The state-owned Bank of Baroda (BoB) plans to sell up to a 49 per cent stake in the credit card business arm of BOB Financial Solutions Ltd. Currently, it is 100 per cent owned by BoB.
Federal Bank: The lender shared its Q1 update. During the first quarter, total deposits grew 21 per cent YoY, and gross advance also increased 21 per cent YoY. The CASA ratio decreased on a YoY basis.
Paytm, Shriram Finance: One97 Communications Limited (OCL), the owner of payment and financial services company Paytm, announced on June 30 a partnership with Shriram Finance Limited, India's largest retail Non-Banking Finance Company (NBFC).
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