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Stocks trending today, July 1: Auto, Tata Consumer, HDFC Life, NTPC, Pharma | Markets News
Stocks to watch today, Monday, July 1, 2024: Markets are entering a busy week on a gloomy note. At 7:50 am, GIFT Nifty futures were flat at 24,126 levels.
Today, auto sales data and HSBC manufacturing PMI data for June will be on investors’ radar.
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Globally, markets were stagnant, with most Asian peers listless.
Here are the hottest stocks to watch today, July 1:
Auto Stocks: Shares of Bajaj Auto, Maruti Suzuki India, Tata Motors, M&M, among other automobile companies, will be in focus amid the announcement of June car sales data.
JSW Energy: JSW Neo Energy, a wholly owned subsidiary of the company, has received an award letter for 300 MW wind-solar hybrid power projects from SJVN, for the implementation of 1,500 MW ISTS connected wind-solar hybrid power projects (Hybrid-2). .
Tata Consumer Products: The Tata Group company received an income tax bill of Rs 171.83 crore for the assessment year 2019-20.
Tata Consumer Products, however, said the demand is not sustainable and is in the process of preferring an appeal and rectification against the said order.
Zydus Lifesciences, Dr. Reddy’s Laboratories: Zydus Life announced a licensing agreement with Dr. Reddy’s Laboratories to co-market Pertzumab Biosimilar, a critical medicine for breast cancer patients in India.
Craft Automation: The company completed the acquisition of 24 percent equity stake in DR Axion India Private Limited on June 29, 2024. Consequently, DR Axion India Private Limited (DRAIPL) is a wholly owned subsidiary of the company on July 1. , 2024.
NTPC: The Board of National Thermal Power Corporation Limited has approved raising of up to Rs 12,000 crore through issuance of bonds or non-convertible debentures (NCDs).
Navin Fluor: The Board approved fundraising of an aggregate value not exceeding Rs 750 million.
Inox Wind, Inox Wind Energy: Inox Wind has allocated a total of 500 million Redeemable, Non-Convertible, Non-Cumulative, Participating Preference Shares, fully paid up, at nominal value, on a private placement basis to Inox Wind Energy Limited, worth Rs 500 crore.
HDFC Life Insurance: The company received a GST order, demanding a tax of Rs 132.7 crore and a fine of Rs 132.7 crore, from the Joint Commissioner, CGST & Central Excise, Thane Commissionerate, Maharashtra.
Global Subscription: Achieved sales of over Rs 2,700 crore so far for Titanium SPR residential project in Gurugram.
Cantabil Retail: In its monthly business update, Cantabil Retail informed the exchanges that the company has opened four new showrooms/stores across different locations in India during the month of June 2024. With this, the total number of showrooms/stores stands at 545.
Tanvi Foods (India): Tanvi Foods (India) has received approval from the US Food & Drug Administration (USFDA) to manufacture its ready-to-cook, frozen snacks and other food items at its new manufacturing unit in Seetharampuram, Andhra Pradesh. Said registration is valid until December 31, 2024.
This approval will enable the company to export products under its own brand with better margins, facilitate the export of its products to many other countries including the UK, Middle East and African countries, and also enhance the credibility of the products in the domestic market.