Here is the list of the top 10 stocks that will be in the spotlight on Monday:
HDFC/HDFC bank: The bank and its parent company have moved closer to the merger process as stock exchanges approve their merger plan. HDFC Bank and HDFC received “no adverse remarks” from the BSE and a “no objection” from the National Stock Exchange.
InterglobeAviation: Fifty-five percent of IndiGo’s domestic flights were delayed on Saturday as a significant number of cabin crew went on sick leave. Aviation regulator DGCA said it is looking into this.
Glenmark Pharmaceuticals: The US FDA issued Form 483 with an observation after an inspection at the company’s Aurangabad, India-based formulation manufacturing facility between June 27 and July 1. The company said it is committed to taking all necessary steps to address their observation as soon as possible and added that it is committed to maintaining the highest quality manufacturing standards at all of its facilities across the world.
Maruti-Suzuki: Betting big on green tech, the auto major plans to have solid hybrid technology in its model lineup within the next 5-7 years, according to a senior company official. The automotive major aims to have strong and mild hybrid technologies as part of an initiative to integrate environmentally friendly technological elements into each of its models, allowing for better fuel efficiency and a reduced carbon footprint.
NMDC: The state-owned company recorded a drop of about 14% in its iron ore production to 2.57 million tonnes (MT) in June 2022. By June last year, it had produced 2.98 MT of iron ore, the NMDC said in an ESB filing. Last month, the company also saw sales fall to 1.90 MT from 3.18 MT in June 2021, a 40% year-on-year decline.
MotoCorp Heroes: The country’s largest two-wheeler manufacturer announced a 3% increase in total sales to 4,84,867 units in June. In the domestic market, sales reached 4,63,210 units last month compared to 4,38,514 units in June. Exports last month stood at 21,657 units compared to 30,646 units a year ago.
NTPC: In a bid to achieve the target of 60 GW of renewable energy capacity by 2032, NTPC has signed a Memorandum of Understanding with the Government of Rajasthan for the development of an Ultra Mega Renewable Energy Park of 10 GW in Rajasthan.
Vedanta: The group expects revenue from its semiconductor business to be between $3 billion and $3.5 billion, of which about $1 billion will come from exports, the chief executive told PTI Vedanta Group’s global display and semiconductor business owner, Akarsh Hebbar, adding that his JV partner Foxconn has all the agreements and technologies needed to start manufacturing microchips.
Ashoka Buildcon: The company’s joint venture with Cube Construction Engineering Limited has become the lowest bidder for the construction and maintenance of the Rajiv Gandhi Fintech Digital Institute, Jodhpur. The project cost awarded is Rs.611 crore.
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