The Indian market is likely to open in the green on Monday after gains in Asian peers. At 7:10 am, SGX Nifty was trading 96.00 points or 0.61 per cent higher at 15,844.50, marking a positive start for the broader index in India, cncbctv18.com Reported.
Top stocks to watch for the day:
Tata Steel: Crude steel production in India declined by 2.7 per cent QoQ to 4.62 million tonnes in Q1FY22, while sales volume declined to 4.15 million tonnes or 11.13 per cent QoQ.
Panacea Biotech: The company has received a manufacturing license from the Drugs Controller General of India (DCGI) for the Russian-made Kovid-19 vaccine Sputnik V in India. It is one of six companies that have partnered with the Russian Direct Investment Fund (RDIF), a Russian sovereign wealth fund marketing the vaccine worldwide.
Info Edge (India): The company has reduced its offer for sale (OFS) size by 50 per cent to Rs 375 crore in the IPO of Zomato.
HDFC Ltd.: The private lender earned Rs 263 crore as profit on sale of investments during the first quarter of the current fiscal. During the June 2021 quarter, the corporation sold its entire stake in associate company Good Host Space for Rs 54 crore and also sold a part stake in insurance arm HDFC Ergo General Insurance Company for Rs 209 crore.
India Pesticides: The shares of the agrochemical firm will be listed in the Indian indices today. The issue price was fixed at Rs 296 per share.
ONGC: The state-owned natural gas and crude oil unit earmarked Rs 30,000 crore for capital expenditure in FY 2021-22 to support its oil and gas exploration and production operations, which provide business to local entities And support the ‘Self-reliant India’ initiative.
Avenue Supermarts: The company’s standalone revenue from operations grew 31 per cent to Rs 5,031.75 crore in the April-June quarter from Rs 3,833.23 crore a year ago.
Cadila Healthcare: Viona Pharmaceuticals Inc., a subsidiary of the company, has recalled more than 21,000 bottles of metformin hydrochloride extended-release tablets from the market.
CSB Bank: The bank’s total provisional deposits declined 2.54 per cent QoQ to Rs 18,652.80 crore in Q1FY22, while gross advances declined 3.52 per cent QoQ to Rs 14,146 crore.
V-Guard Industries: The company’s board has approved the creation of a new subsidiary for its consumer electricals business.
Udaipur Cement Works: Rating agency CARE has upgraded the company’s credit rating by one notch from ‘AA’ (Credit Enhancement-CE)/Stable to ‘AA-‘ (CE)/Stable for its various long-term borrowings. This is based on credit enhancement on the back of a corporate guarantee provided by the holding company, JK Lakshmi Cement for its borrowings.
Punjab and Sind Bank: The Reserve Bank of India (RBI) has imposed a fine of Rs 25 lakh on the bank for non-compliance of certain provisions of the directions on ‘Cyber Security Framework in Banks’.
Indian Hume Pipe: The company has received approval letter from Madurai Municipal Corporation for work worth about Rs.
Federal Bank: The bank’s total deposits fell 1.88 per cent QoQ in Q1FY22 to Rs 1,69,393 crore, while gross advances declined 1.56 per cent QoQ to Rs 1,32,770 crore.
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