Indian markets are likely to open flat on Friday, July 2, as the Singapore-traded SGX Nifty indicated a mild positive opening and a muted trend in Asian peers. cncbctv18.com reported that at 7:00 am, SGX Nifty was trading 55.00 points or 0.35 per cent lower at 15,768.00, indicating a weak opening for the broader index in India.
Top stocks to watch for the day:
Tata Consultancy Services: The IT major has partnered with John Wiley & Sons, an American multinational publishing company, to modernize its e-commerce platform with SAP Commerce and create a unified, seamless customer experience.
Banks: The Reserve Bank of India (RBI) in its July 2021 edition of the Financial Stability Report (FSR) said that the gross non-performing assets (GNPA) of banks may grow by 9.8 to 11.22 per cent by March 2022 in various stress scenarios. Due to the impact of the COVID pandemic
Hero MotoCorp: The motorcycle maker witnessed a strong rebound with 4,69,160 units sold in the month of June as against 4,51,983 units sold in the same month a year ago.
NMDC: The state-owned mineral producer has sold 3.18 million tonnes of iron ore in June 2021, up from 2.48 million tonnes of iron ore sold in the same period of the same year. Iron ore production stood at 2.98 million tonnes as against 2.52 million tonnes in the same period last year.
LUPINE: The drug firm said Thursday that its US-based Arms Supplemental New Drug Application (sNDA) has received approval from the United States Food and Drug Administration (USFDA) to expand the use of Solosec to include the treatment of trichomoniasis in adults. Got it.
Coal India: The company’s coal production grew by 2 per cent YoY to 40 million tonnes in June 2021, and offtake increased 23 per cent YoY to 51.3 million tonnes in the same period.
Eicher Motors: The company reported 13 per cent growth in sales volume in June as they sold 43,048 units as against 38,065 units, MoM.
NCC: The company received five fresh orders from government agencies totaling Rs 2,149 crore last month.
Coforge: The company on Thursday said its board of directors will meet on July 6 to consider the fund raising proposal.
Capacit’e Infraprojects: ICICI Prudential Asset Management Company sold 98,537 equity shares or 0.15 per cent of paid-up equity through open market transaction on June 29. Thus, their share came down to 2.95 per cent from 3.09 per cent earlier.
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