Stocks to watch: Maruti Suzuki, NMDC, Force Motors, CG Power, Tata Motors, Info Edge
CG Power said the Finance Committee of the board of directors has allotted 1.38 crore shares at Rs 73.10 per share to Standard Chartered Bank.
Here is the list of top stocks that could be in focus on July 6.
Maruti Suzuki: The auto major said that the company produced 1,65,576 units in June 2021, against 50,742 units of production in June 2020. Production in June 2020 was far from normal owing to Covid-19 related lockdowns and disruptions.
NMDC: The company said that the Government of India, the promoter, proposes to sell up to 11,72,24,234 equity shares in the company (representing 4% of the total paid-up equity), with an option to additionally sell 10,22,78,144 equity shares (representing 3.49% of the total paid-up equity) in case of oversubscription, via offer for sale, on July 6-7. The floor price for the offer shall be Rs. 165 per share.
Force Motors: Force Motors said that production of commercial vehicles, utility vehicles and tractors stood at 1,757 units in June 2021.
Dynamic Products: The company informed that it has started commercial production for food colors plant at its manufacturing unit at Dahej, Gujarat. The cost of setting up the plant with an annual capacity of 2,760 MT is approximately Rs 150 crore.
CG Power: CG Power and Industrial Solutions said the Finance Committee of the board of directors of the company has allotted 1.38 crore shares at Rs 73.10 per share to Standard Chartered Bank (Singapore) on a preferential allotment basis for consideration other than cash.
Tata Motors: Tata Motors on Monday said it plans to increase the prices of its passenger vehicle range due to increase in input costs. The auto major did not share details on the time frame of the intended price hike but noted that would happen “shortly”.
Info Edge: Food delivery platform Zomato has received markets regulator Sebi’s go-ahead to raise Rs 8,250 crore through an initial share-sale. The initial public offer (IPO) comprises fresh issue of equity shares worth Rs 7,500 crore and an offer-for-sale to the tune of Rs 750 crore by Info Edge (India) Ltd, according to draft red herring prospectus.
HDFC Bank: The lender on Monday said it has registered 14.4% growth in its advances to over Rs 11.47 lakh crore as of June 30 this year. “The bank’s advances aggregated to approximately Rs 11,475 billion as of June 30, 2021, a growth of around 14.4% over Rs 10,033 billion as of June 30, 2020, and a growth of around 1.3% over Rs 11,328 billion as of March 31, 2021,” HDFC Bank said in a regulatory filing.