GAIL, NTPC, TVS Motor: Stocks to track on Monday
Stocks to watch on Monday, July 1: At around 8:13 am, GIFT Nifty futures traded lower by 0.08 per cent or 19.25 points at 24,113, indicating a muted to negative opening on the D-Street.Market benchmarks Sensex and Nifty halted their three-day record-hitting rally to close with losses on Friday as investors booked profit in banking, finance, and tech stocks despite a positive trend in global equities. Snapping a four-session winning run, equity indices succumbed to selling pressure after mid-session when profit-taking emerged on select counters. After hitting a fresh all-time high level in early trade, the 30-share index declined 210.45 points or 0.27 per cent to settle at 79,032.73. The Nifty went lower by 33.90 points or 0.14 per cent to 24,010.60. Here are some stocks that will be in focus on Monday, July 1:
(With inputs from agencies.)
Zydus Life/ Dr Reddy's Labs
Zydus Life/ Dr Reddy's Labs:
The companies have partnered to co-market Pertuzumab biosimilar for breast cancer treatment.
Auto stocks
Auto stocks:
From Tata Motors to Ashok Leyland all the auto companies will release their monthly sales numbers tomorrow.
TVS Motor
TVS Motor:
The company will increase its stake in TVS Credit Services with a Rs 282.67 crore investment.
Samvardhana Motherson International
Samvardhana Motherson International:
The company will sell its entire stake in Lauak CIM Aerospace Private Limited (LCA), a joint venture with Lauak International. LCA is a joint venture between CIM and Lauak. CIM tools hold 49.99 per cent, while Samvardhana Motherson International holds 55 per cent of CIM.
Bank of Baroda
Bank of Baroda:
The PSU plans capital raise funds through debt instruments for FY 2024-25.
GAIL
GAIL:
As per GAIL, the construction of the Rs 12,940-crore 'Urja Ganga' gas pipeline, India's most ambitious project taking environment-friendly fuel to eastern parts of the country, has been delayed by nine months and will now be completed by March 2025.
NTPC
NTPC:
Government-owned power giant NTPC said on Saturday that its board has cleared a proposal to raise up to Rs 12,000 crore through the issuance of bonds and non-convertible debentures (NCDs).
Vodafone Idea:
Vodafone Idea:
The telecom service provider has hiked tariff rates by 10-21 per cent for both the prepaid and postpaid plans. The new tariffs will be applicable from July 4.
Cochin Shipyard:
Cochin Shipyard:
The company's subsidiary Udupi Cochin Shipyard Limited (UCSL has entered into contract with Wilson ASA, Norway, for the design and construction of 4 TDW Dry Cargo vessels. The agreement has also been entered into for additional 4 vessels of the same type which will be formally contracted withinSeptember 19, 2024. The overall project of 8 vessels is worth around 1,100 crores and is to be executed within September 2028.
Orchid Pharma/ Cipla:
Orchid Pharma/ Cipla:
Orchid Pharma Limited, the only Indian pharma company to have ever invented a New Chemical Entity (NCE), today announced the launch of its new drug - Cefepime-Enmetazobactam, which has been approved for the treatment of complicated Urinary Tract infections(cUTI), Hospital-Acquired Pneumonia (HAP) and Ventilator-Associated Pneumonia (VAP)indications. So, to ensure widespread distribution of this breakthrough antibiotic, the company has partnered with Cipla.