New Delhi: Indian indices closed higher on Monday after major buying activity was witnessed in SBI’s stock followed by global positive market sentiment. All eyes will be on the earnings of Bajaj Auto, L&T Finance, CRISIL, Alok Industries and more. Here are stocks that are likely to remain in focus on Tuesday, July 16, 2024:
Vedanta: The commodities giant will open its qualified institutional placement on Tuesday with a floor price of Rs 461.26 per share. The company is eyeing a Rs 7,000 crore fundraise via QIP.
Hatsun Agro: The dairy company reported a 6.3 per cent surge in net profit to Rs 131 crore in Q1FY25. The company declared a Rs 6 interim dividend.
Unichem Labs: The Pharma company’s Goa facility inspection was completed by the US FDA team which gave 5 observations.
Airline stocks: In a major benefit to airlines, the civil aviation ministry stated that a uniform IGST rate of 5 per cent will be imposed on jet parts to boost the domestic MRO market.
HDFC Life: The life insurer’s management stated that the share of ULIPs in earnings is expected to moderate, even as annuities present a long-term business opportunity.
Ujaas Energy: The company’s board gave its nod for a bonus share issuance for every 4 shares held by stakeholders.
Banking stocks: RBi’s revised master direction on fraud risk management requires lenders to allow a 21-day window for borrowers to file their response to a bank’s query regarding non-repayments of loans.
LUPIN: The pharma major said it will sell the US commercial women’s health specialty business to Evofem Lifesciences for $84 million.
HUL: The FMCG giant has cleared the sale and divestment of its water purification business Pureit to AO Smith India. The deal is valued at $72 million, according to an exchange filing.
RVNL: The railways PSU stock may be considered for inclusion in the MSCI Global Standard Index next month, according to the brokerage Nuvama’s research arm. The company also secured a Rd 160 crore order from the East Coast Railways.
Suzlon: The renewables energy comoany inked an agreement for the supply and maintenance of wind turbines for CESC.
Zomato: The food aggregator’s stock will be in focus after the company hiked its platform fee, making founder and CEO Deepinder Goyal a billionaire.
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Stocks in News Today: From Vedanta to RVNL — Here are stocks that are likely to remain in focus on Tuesday, July 16, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
