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

[ad_1]

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
[ad_2] Source link https://worldnews2023.com/economy/stocks-to-watch-hdfc-bank-ntpc-coal-india-vedanta-airtel-auto-stocks-and-others-news18/?feed_id=15230&_unique_id=64a23ac1a8c79

Comments

Post a Comment

Popular posts from this blog

Real Housewives of Beverly Hills couple Kyle Richards and Mauricio Umansky ‘seperate’

Image
[ad_1] Stay ahead of the trend in fashion and beyond with our free weekly Lifestyle Edit newsletter Stay ahead of the trend in fashion and beyond with our free weekly Lifestyle Edit newsletter Real Housewives of Beverly Hills ’ Kyle Richards and Mauricio Umansky have reportedly separated after 27 years of marriage. Richards joined the popular Bravo reality series in 2010 with Umansky making regular appearances over the last 13 years. “Kyle and Mauricio have been separated for a while now but are still living under the same roof. They remain amicable as they figure out what’s next for them and their family,” a source confirmed to People on Monday (3 July). The separation will affect both Real Housewives , which is gearing up for its 13th season, and the Netflix reality series Buying Beverly Hills, which follows Umansky’s real estate business as two of their daughters work as agents. Richards has already filmed the second season of the Netflix show, according to Deadline . The I
Read more

Pfizer RSV vaccine for infants has 'generally favorable' safety data, FDA staff say

Image
[ad_1] Blood sample for respiratory syncytial virus (RSV) test Jarun011 | Istock | Getty Images U.S. Food and Drug Administration staff on Tuesday said Pfizer's vaccine that protects infants from respiratory syncytial virus has "generally favorable" safety data. The FDA staff made the conclusion in briefing documents ahead of a meeting on Thursday when a panel of external advisors to the agency will discuss whether to recommend full approval of the RSV shot . The advisors will vote on whether Pfizer's late-stage clinical trial data on the vaccine supports its safety and efficacy. The FDA typically follows the advice of its advisory committees, but is not required to do so. The agency is slated to make a decision on whether to clear the shot in August before RSV season in the fall. If approved, Pfizer's jab would become the world's first vaccine that protects infants against RSV.  RSV usually causes mild, cold-like symptoms. But infants and older ad
Read more

Casemiro has improved Man Utd: Maguire | The Express Tribune

Image
[ad_1] LONDON: Casemiro scored twice as Manchester United turned on the style to beat 10-man Reading 3-1 and reach the FA Cup fifth round on Saturday as Tottenham forward Son Heung-min ended his recent goal drought. On a day lacking major shocks, there were wins for Premier League strugglers Leeds, Leicester and Southampton but Fulham were held by Championship side Sunderland. United – fourth in the Premier League and within touching distance of a place in the League Cup final – produced more compelling evidence they are back on track under new manager Erik ten Hag . The home side took the lead at Old Trafford in the 54th minute when Anthony produced a defence-splitting pass to find Brazil teammate Casemiro, who lifted the ball over goalkeeper Joe Lumley. Four minutes later United were two up, when Casemiro let fly with a stunning strike from outside the box to find the bottom corner. With the home side brimming with confidence, substitute Fred produced an audacious flic
Read more