Stocks to Watch: HDFC Bank, NTPC, Coal India, Vedanta, Airtel, Auto Stocks, and Others - News18

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Last Updated: July 03, 2023, 08:21 IST

Stocks to Watch on July 3: The Nifty futures contract traded on the GIFT Nifty indicates a positive start to domestic equities. The contract was trading at 19,360, up 15 points or 0.08% from the previous close.

HDFC, HDFC Bank

Housing Development Finance Corporation and HDFC Bank boards announced the merger of the two entities, effective from July 1 following approval from shareholders and regulators.

Adani Transmission

In two bulk deals, GQG Partners acquired a total of 2.13 crore shares in Adani Transmission. The GQG Partners Emerging Markets Equity Fund purchased 72.59 lakh shares at a rate of Rs 786.19 per share, while the Goldman Sachs GQG Partners International Opportunities Fund bought 1.40 crore shares at the same price of Rs 786.19 per share.

GHCL

Shareholders of soda ash manufacturer GHCL have rejected a resolution to reappoint its chairman Sanjay Dalmia as a director of the company, with about 32% of the votes polled against the motion.

NTPC

The production from coal mines of NTPC almost doubled to 8.48 million metric tonnes (MMT) in the first quarter of FY24. NTPC produced 4.27 MMT coal from its captive mines in Q1 FY23.

Coal India

Coal India’s production in Q1FY24 rose by 10% on-year to 175.5 MT, the highest ever for a first quarter. This accounts for around 22.5% of its FY2024 target of 780 MT. Supplies during the quarter also increased by 5% to 187 MT.

Aditya Birla Capital

Aditya Birla Capital completed Rs 3,000 crore fundraise. Key investors in the fundraise were BlackRock, Abu Dhabi Investment Authority, and Massachusetts Institute of Technology.A total of Rs 3,000 crore was raised through a Rs 1,750 crore Qualified Institutional Placement and a Rs 1,250 crore preferential issuance of equity shares.

Reliance Industries

RIL and bp begin commercial production from the third deepwater field in India’s KG D6 Block, MJ field. At its peak, the output will result in producing a third of India’s domestic gas production.

Vedanta

Vedanta has announced a review of its steel and steel-related raw materials businesses to evaluate various options, including a strategic sale. Additionally, Sebi fined the company Rs 30 lakh for violating disclosure norms as Vedanta made incorrect disclosures regarding its plan to enter the semiconductor business.

Airtel

Warburg Pincus affiliate has offloaded 0.3% stake in Bharti Airtel Ltd through a block deal on Friday for Rs 1,649 crore.

TVS Motor

TVS Motor Company expects growth momentum to continue in the current fiscal, with the overall economy anticipated to grow at a robust pace and a continuous improvement in the road infrastructure.

Auto stocks

Shares of auto companies will be in focus following the release of monthly sales data.

Disclaimer:Network18 and TV18 – the companies that operate news18.com – are controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Aparna Deb
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. Among other things, financial market, economy and policies interest her ...Read More
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