The Indian benchmark indices are likely to open in the green on Tuesday, July 6 following a similar trend on SGX Nifty. Meanwhile, the SGX Nifty traded in Singapore was trading 24.00 points or 0.15 per cent lower at 15,839.50 at 7:10 am, reported cncbctv18.com.
Top stocks to watch for the day:
NMDC: The government on July 6-7 proposed to sell 4 per cent stake in the state-owned mineral producer through an offer for sale (OFS). The floor price for the offer is Rs 165 per equity share.
Maruti Suzuki India: The indigenous automaker produced 165,576 units in June 2021 as against 50,742 units in the same period a year ago.
Tech Mahindra: IT major has partnered with digital supply chain solutions provider Statwig to implement vaccine traceability platform ‘Vaccine Ledger’ across the globe.
Tata Motors: The domestic automaker is planning to increase the prices of its passenger vehicle range due to increase in input cost.
BSE, MCX, CDSL: Securities and Exchange Board of India (SEBI) said that if an exchange fails to restore normalcy of operations within 75 minutes of the technical glitch, additional charges will be imposed on the exchange as well as their top officials. Fine will be imposed.
IOL Chemicals & Pharmaceuticals: Rating agency CARE has upgraded the credit rating for banking facilities availed by the company from A/Stable to A+/Stable.
Aviation Stock: The central government has increased the seating capacity of domestic airlines to 65 per cent from the current 50 per cent.
Force Motors: The automaker’s total production stood at 1,757 units last month. It also reported domestic sales of 1,501 units and exports of 424 units in the same period.
Raymond: Joe Kuruvilla, the CEO of the company’s lifestyle business, has decided to step down.
IDFC First Bank: Customer deposits of lenders grew 35.53 per cent to Rs 84,583 crore in Q1FY22. While the CASA ratio stood at 51.04 per cent versus 33.74 per cent YoY and 51.75 per cent QoQ.
Themis Medicare: CARE has upgraded the long-term credit rating at the pharmaceutical company’s bank facilities from B/stable to B+/stable.
Religare Enterprises: Shareholders of the company have approved a preferential issue of Rs 570 crore of new equity shares at a price of Rs 105.25 per share to a group of investors, including existing shareholders, to fund its business plans.
SH Kelkar & Co: Company’s Q1FY22 consolidated sales stood at Rs 355 crore. While its net debt position stood at around Rs 386 crore as of June 2021 as compared to Rs 380 crore in March 2021.
AU Small Finance Bank: Scheduled Commercial Bank of India’s total deposits stood at Rs 37,014 crore in Q1FY22, up 38 per cent YoY and 3 per cent QoQ. The CASA ratio was 26 percent versus 23 percent QoQ and versus 14 percent YoY. The bank’s disbursements were up 60.5 per cent at Rs 1,896 crore, YoY and down 74.45 per cent QoQ. Loan AUM also rose 21.97 per cent to Rs 36,635 crore, and QoQ went down by 2.9 per cent.
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