Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, order wins, and appointments, here’s a quick look at which stocks will be in focus in today's trade:
Tata Consultancy Services, Tata Elxsi, Indian Renewable Energy Development Agency IREDA, Anand Rathi Wealth, Eimco Elecon (India), GTPL Hathway, International Travel House, Netlink Solutions India, Oswal Pumps, and Silverline Technologies will release their quarterly earnings on July 10.
NCL Industries Q1 (YoY)
Cement production drops 5% to 6.34 lakh MT Vs 6.69 lakh MT
Cement dispatches down 4% to 6.28 lakh MT Vs 6.57 lakh MT
Cement boards production falls 17% to 17,432 MT Vs 21,048 MT
Cement boards dispatches decline 41% to 11,159 MT Vs 18,832 MT
RMC production & sales slips 8% to 73,991 CuM Vs 80,035 CuM
Doors production & sales down 75% to 1,610 units Vs 6,537 units
Stocks to Watch
APAC Company is likely to sell a 1.9% holding in Embassy Office Parks REIT via block deals, with the deal size estimated at Rs 681 crore, reports CNBC-TV18, quoting sources.
Promoter Waaree Energies is set to sell up to 10 lakh shares (or a 2.4% stake) in Indosolar via an offer-for-sale on July 10 and July 11. The OFS will open for non-retail investors on July 10 and for retail investors on July 11. The floor price has been fixed at Rs 265 per share.
The company's joint venture with AltoraPro Infrastructure has received an order worth Rs 395.5 crore from the Maharashtra Industrial Development Corporation.
The company has received a work order worth Rs 17.5 crore from the General Administration Department (GAD), Chhattisgarh. The order includes network connectivity, operation & maintenance (O&M), hardware procurement & commissioning, and implementation of revamped integrated communication WLAN LAN EPBAX infrastructure.
The Board has approved the allotment of 12,500 NCDs with a face value of Rs 1,00,000 each, amounting to Rs 125 crore.
The United States Food and Drug Administration (US FDA) conducted a pre-approval inspection (PAI) of the company’s oncology manufacturing facility at Ahmedabad between June 30 and July 8. The inspection concluded without the issuance of Form 483 (zero observations).
The company has incorporated its step-down wholly-owned subsidiary named Airtel Money.
The global technology company has partnered with Astemo Cypremos (a subsidiary of Astemo specializing in software and cloud services) to advance innovation in the autonomous and smart vehicle ecosystem.
Aristo Bio-Tech and Lifescience
The company has received a purchase order worth Rs 3.45 crore from Sinochem India Company for the supply of glyphosate technical 95% w/w MIN.
The transportation and distribution company has announced the launch of its Rakhi Express Campaign, offering up to 50% off for festive shipments.
The company's subsidiary, ACC, has commissioned a brownfield grinding unit project at its Sindri plant in Jharkhand with a capacity of 1.5 million tons per annum (MTPA), increasing the total installed cement capacity to 104.45 MTPA.
The company has temporarily suspended operations at its manufacturing facility in Gadhinglaj, Maharashtra, for 10 days, effective July 9, due to certain local administrative issues. The company is proactively engaging with all local authorities to resolve the matter and is taking appropriate steps to ensure the resumption of operations at the earliest.
Bulk Deals
Asian Paints has exited Akzo Nobel India by selling its entire 20.1 lakh shares (4.42% stake) at Rs 3,651 per share, valued at Rs 734 crore. However, Eastspring Investments India Consumer Equity Open bought 2.5 lakh shares (worth Rs 91.3 crore), and ICICI Prudential Mutual Fund purchased 7 lakh shares (worth Rs 255.57 crore) at Rs 3,651 per share, which is equivalent to a 2.1% stake.
Ace investor Sunil Singhania's Abakkus Asset Manager has bought 36.73 lakh shares (2.1% stake) at Rs 298.33 per share.
Smallcap World Fund Inc sold 80 lakh shares at Rs 122.55 per share, and 1.73 crore shares at Rs 122.56 per share, which is equivalent to a 3% stake worth Rs 310.49 crore.
SME IPO Listing on July 10
Cryogenic OGS
Happy Square Outsourcing Services
Stocks Trade Ex-Dividend
Dr Reddys Laboratories
Diffusion Engineers
LMW
Wheels India
Stock Trades Ex-Date for Rights
Kati Patang Lifestyle
Stock in F&O ban
Hindustan Copper
RBL Bank
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