New Delhi: The Sensex and Nifty rose to all-time highs on Thursday with the 30-share benchmark rising 626.91 points to 81,343.46 and the 50-share Nifty jumping 187.85 points to a new high of 24,800.85 at market closing. All eyes will be on banking stocks after the European Central Bank decided to keep the key rate unchanged at 3,75 per cent after a 25 basis points rate cut in its June meeting.
Here are stocks that are likely to remain in focus on Friday, July 19, 2024:
Adani Ports: The Adani Group company’s rating was upgraded by the rating agency ICRA to AAA/ stable from AA+/stable.
Aurobindo Pharma: The company’s board gave its nod for a Rs 750 crore share buyback plan involving 51,36,986 stocks priced at Rs 1,460 apiece.
Vedanta: The commodities giant’s Rs 8,000 crore qualified institutional placement was oversubscribed with offers received worth up tp Rs 23,000 crore.
IndusInd Bank: The private lender’s long-term, foreign and local currency ratings at Ba1 by Moody’s Ratings. The outlook was maintained at stable by Moody’s.
CEAT: The tyre maker’s net profit rose 7.1 per cent on-year basis to Rs 154 crore in Q1FY25.
Bank of India: The government lender raised Rs 5,000 crore through the issuance of infrastucture bonds. The issue size was Rs 2,000 crore. The bank exercised a Rs 3,000 crore green shoe option and received bids worth RS 15,318 crore.
Glenmark Pharmaceuticals: The pharma giant received the US FDA’s nod for the Topiramate Capsules USP in 15 and 25 mg strengths, used in the treatment and prevention of seizures.
IDBI Bank: The Reserve Bank of India gave a “fit and proper” diligence report for IDBI Bank which is majority-owned by LIC, marking progress in the path towards the potential sale of the government-owned bank.
Infosys: The IT giant reported a 7 per cent jump in Q1 net profit to Rs 6,368 crore from Rs 5,945 crore in the year ago period. The company’s headcount declined by 1,908 in Q1, and 20,962 over the year.
LTI Mindtree: The IT giant secured a multi-million dollar contract from Absa Bank for digital transformation, extending their 17-year partnership.
Lupin: The drugmaker inked a deal with South Korea’s Huons Co for the marketing of its medication for dry eye treatment in Mexico.
RIL: Mukesh Ambani-led Reliance Industries will report its Q1 earnings on July 19, 2024. The oil to telecom conglomerate is expected to report Rs 2.3 lakh crore Q1 net profit, up 11.8 per cent year-on-year, according to Bloomberg estimates.
Tata Power: The company entered into an MoU with NHPC Renewable for the installation of rooftop solar panels on government buildings.
Tata Technologies: The Tata Group company reported a 15.4 per cent slide in Q1 net profit to Rs 162.03 crore from Rs 191.55 crore in the year-ago period. However, the company stated that it was back on track after losing an order from Vietnamese EV maker VinFast.
Mazagon Dock and Garden Reach Shipbuilders: The two companies are vying for a Rs 70,000 crore order from the Defence Ministry to manufacture warships for the Indian Navy. The 2 companies are involved in the manufacturing of Project 17A Nilgiri class frigates, the ET reported.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Stocks in News Today: From Adani Ports to Mazagon Dock, here are companies whose shares are likely to remain in focus on Friday, July 19, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
