Here's a quick look at the stocks that will be in focus in trade on Wednesday, covering quarterly provisional numbers, major order wins, and large deals announced by companies after market hours on Tuesday:
Stocks To Watch
HDFC Bank
The June 2024 quarter shareholding data shows that FII holdings in the bank fell below 55% to 54.83%, from 55.54% at the end of the March quarter, raising the possibility of a likely increase in its weightage in the MSCI indices. Experts expect the lender to get FII inflows between $3 billion and $4 billion, reports CNBC-TV18.
Motilal Oswal Financial Services
The company has received an administrative warning from the capital markets regulator SEBI. The regulator advised the company to be careful in the future regarding minor operational matters. This letter has been issued by SEBI with respect to the examination carried out of the stock broking activities of the company.
Yes Bank
The private sector lender recorded 14.8% on-year growth in loans and advances at Rs 2.29 lakh crore for Q1FY25. Deposits grew by 20.8% YoY to Rs 2.64 lakh crore during the quarter, as per provisional data.
Avenue Supermarts (D-Mart)
The standalone revenue from operations for the quarter ended June FY25 stood at Rs 13,711.87 crore, growing 18.4% over revenue of Rs 11,584.44 crore in Q1FY24. The total number of stores as of June 2024 stood at 371.
MOIL
The manganese ore mining company has recorded sales growth of 14.5% YoY for the June FY25 quarter. This performance was backed by record quarterly production of 4.70 lakh tonnes in Q1FY25, a 7.8% YoY growth.
Hindustan Zinc
The mined metal production in Q1FY25 at 2.63 lakh tonnes grew by 2% YoY with improved mined metal grades. Saleable metal production at 2.62 lakh tonnes increased by 1% YoY. Refined zinc production grew by 1% YoY to 2.11 lakh tonnes and refined lead production increased by 2% to 51,000 tonnes during the June FY25 quarter.
Mahindra & Mahindra Financial Services
In June 2024, the company estimated the overall disbursement at approximately Rs 4,370 crore, delivering a 3% YoY growth. Q1FY25 disbursement at about Rs 12,730 crore grew by 5% YoY. The collection efficiency was at 95% for June 2024, against 96% for June 2023.
Indian Energy Exchange
The electricity exchange achieved an electricity volume of 10,185 MU in June 2024, marking a 24.7% YoY increase. Green market volume stood at 744 MU for June 2024, growing 173.4% over 272 MU in June 2023. The Day-Ahead Market (DAM) volume increased by 18.2% YoY to 4,849 MU and the Real-Time Electricity Market (RTM) volume rose by 20.1% YoY to 3,213 MU in June 2024.
Force Motors
The total sales of commercial and utility vehicles for June 2024 fell by 2.85% YoY to 2,553 units against 2,628 units sold in June 2023. Domestic sales during June 2024 grew by 12.66% to 2,465 units, but exports dropped 80% to 88 units compared to the same month last year.
Zomato
Subsidiary Zomato Financial Services has decided to voluntarily withdraw the application submitted to the Reserve Bank of India for getting a certificate of registration for undertaking the business of a non-banking financial company (Type II NBFC-ND), as it does not wish to pursue the lending business anymore.
Aditya Birla Capital
The company has received no objection letters from the exchanges for the merger of Aditya Birla Finance with itself.
HCL Technologies
The global technology company launched its global delivery center in Patna. The center will focus on the delivery of IT and engineering services for Hi-Tech and semiconductor companies.
Zee Entertainment Enterprises
Anurag Bedi has resigned as Chief Business Officer of Zee Music, effective July 2. Umesh Bansal, who is currently spearheading the movies business, will take on the additional responsibility of the music business.
KEC International
The global infrastructure EPC major has secured new orders worth Rs 1,017 crore in T&D and renewables businesses. The transmission and distribution business has secured orders for an EPC project and the supply of towers in the Middle East.
Rail Vikas Nigam
RVNL has emerged as the lowest bidder for a contract worth Rs 132.6 crore from Central Railway. The contract involves OHE modification work for the up-gradation of the existing 1 x 25 kV electric traction system to a 2 x 25 kV AT feeding system in the Wardha-Ballarshah Section in Nagpur division of Central Railway to meet the 3000 MT loading target.
5paisa Capital
The Member and Core Settlement Guarantee Fund Committee (MCSGFC) of the MCX has imposed a monetary penalty of Rs 2.59 crore on the company and has also restricted the company from onboarding new clients for 14 days from the date of receipt of this order.
Piramal Enterprises
Subsidiary Piramal Capital & Housing Finance has received a “no comments letter” from the India International Exchange (IFSC) Limited (India INX) for the establishment of a Euro Medium Term Note Programme.
Mainboard Listing on July 3
Vraj Iron and Steel
SME Listing on July 3
Diensten Tech
Bulk Deals
Allcargo Gati
Macquarie Bank sold a 0.77% stake in the company at an average price of Rs 101.09 per share via open market transactions.
Pearl Global Industries
Abu Dhabi Investment Authority has bought a 1.3% stake in the company at an average price of Rs 720.15 per share.
Orient Cement
Valentis Advisors sold 0.65% shares in the cement company at an average price of Rs 304.93 per share.
HDFC Mutual Fund via HDFC Small Cap Fund sold a 1.34% stake in the company at an average price of Rs 219.41 per share.
Stocks Turn Ex-Dividend
Jyothy Labs, Dalmia Bharat Sugar and Industries
Stock Trades Ex-Bonus
GPT Infraprojects
Stock Trades Ex-date For Split
Worth Investment & Trading
F&O Ban
India Cements, Indus Towers
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