Here is a list of top 10 stocks that will be in focus on Monday:
HDFC Bank / HDFC: The bank and its parent move closer to the merger process as stock exchanges give their amalgamation plan a thumbs up. Both HDFC Bank and HDFC have received ‘No Adverse Comment’ from BSE and ‘No Objection’ from National Stock Exchange.
InterGlobe Aviation: On Saturday, 55 per cent of IndiGo’s domestic flights were delayed as a large number of cabin crew members took sick leave. Aviation regulator DGCA said it is looking into it.
Glenmark Pharmaceuticals: The US FDA has issued Form 483 with an overview after an inspection of the company’s formulation manufacturing facility located in Aurangabad, India, between June 27 and July 1. The company said it remains committed to taking all necessary steps to address its observation. Quick and Added It is committed to maintaining the highest quality manufacturing standards at all its facilities across the globe.
maruti suzuki: Betting big on green technologies, the auto major plans to have robust hybrid technology in its model range in the next 5-7 years, according to a senior company official. The auto major aims to have robust and mild hybrid technologies in each of its models as part of an initiative to incorporate eco-friendly technology elements to enable better fuel efficiency and lower carbon footprint.
NMDC: NMDC said in a BSE filing that the state-owned has reported a decline of nearly 14 per cent in its iron ore production at 2.57 million tonnes (MT) during June 2022. In June last year, it produced 2.98 MT of iron ore. Last month the company saw its sales fall to 1.90 MT from 3.18 MT in June 2021, a drop of 40 per cent year-on-year (YoY).
Hero MotoCorp: The country’s largest two-wheeler maker reported a 3% increase in overall sales to 4,84,867 units in June. Sales in the domestic market rose to 4,63,210 units last month from 4,38,514 units in June. Exports last month stood at 21,657 units as against 30,646 units in the year-ago period.
NTPC: With an aim to achieve the target of 60 GW renewable energy capacity by 2032, NTPC signed an MoU with the Government of Rajasthan for development of 10 GW Ultra Mega Renewable Energy Power Park in Rajasthan.
VedantaAkarsh Hebbar, global managing director of display and semiconductor business, Vedanta Group, told PTI that the group expects its semiconductor business to be in the range of $3 to 3.5 billion, of which about $1 billion will come from exports. There are all the compromises and necessary technologies to start making electronic chips.
Coal India: The world’s largest producer of fossil fuels posted record output in the June quarter as it sought to meet strong demand from power plants amid unprecedented heat. The state-run miners produced 159.8 million tonnes (MT) of coal in the three months ended June, about 29% more than the 124 MT produced a year ago. All units of CIL registered higher production in Q1.
Ashoka Buildcon: The company’s joint venture with Cube Construction Engineering Ltd. has emerged as the lowest bidder for the construction and maintenance of Rajiv Gandhi Fintech Digital Institute, Jodhpur. The cost of the project awarded is Rs.611 crores.