Here is a list of top 10 stocks that will be in focus today:
Tata Consultancy Service: The IT giant is set to announce its financial performance for the quarter ended June today, flagging off the earnings season for IT sector. TCS is expected to post 4-5% growth in revenue on a quarterly basis. The company had reported PAT 9,926 crore during January-March on the revenue of 50,591 crore.
Tata Power: Company announced to invest more 75,000 crore in renewable energy over the next five years. Chairman N Chandrasekaran said the firm aims to generate 30 GW of power generation capacity during the same period, of which more than half come from clean energy sources.
Mahindra & Mahindra: British will invest up to international investment 1,925 million, or $250 million, in a new electric passenger vehicle company to be set up by M&M. The investment was at a valuation of up to Rs. 70,070 crores.
Vedanta: The company has said that it will acquire debt-ridden Athena Chhattisgarh Power Ltd. 564.67 crores. The liquidation process for the company was initiated in March last year. acquisition for the purchase price of 564.67 crore is likely to be completed in the ongoing financial year, it said, adding that the idea would be in the form of cash.
Tata MotorsCarmaker-owned Jaguar Land Rover reported a 37% drop in retail sales at 78,825 units for the quarter ended June, hit by semiconductor shortages, the Covid-19 lockdown in China and new model transition to Range Rover Sport .
Shriram City Union: The company’s equity shareholders and secured and unsecured creditors approved the merger with Shriram Transport Finance Company. The merger of Shriram City with STFC will make Shriram Finance, a retail NBFC.
Dr Reddy’s Laboratories: The US FDA has issued Form 483 with two comments after inspecting its manufacturing facility located in Srikakulam, Andhra Pradesh. Form 483 is issued to the management of a firm at the conclusion of an inspection when the investigator has observed any condition that his/her decision may be in contravention of the Food Drug and Cosmetics (FD&C) Act and related enactments.
Hindustan Zinc: The government has invited bids from merchant bankers to advise them to sell the 29.5% residual stake in HZL in installments. The value of the stake is approx. 32,000 crore, based on the current market value of the company’s shares.
Adani PortsThe company on Thursday announced the appointment of D Muthukumaran as the Chief Financial Officer (CFO) and key managerial personnel of the company. Muthukumaran is expected to join the company on July 25.
Alkem Laboratories: The pharma company said the US health regulator has issued Form 483 with an overview after inspecting its facility in Indore, Madhya Pradesh.