Stocks to watch: Mindtree, Tata Metaliks, Reliance Industries, PNB Housing Finance, Vedanta
Mindtree and Tata Metaliks are slated to announce their June quarter results on Tuesday.
Here is the list of top stocks that could be in focus on July 13.
Results today: Mindtree and Tata Metaliks are slated to announce their June quarter results on Tuesday.
Reliance Industries: Reliance Industries has invested Rs 1 lakh in cash in 10,000 equity shares of Rs 10 each of Reliance New Energy Solar (RNESL), a newly incorporated wholly-owned subsidiary. RNESL is incorporated to undertake activities relating to solar energy. RNESL is yet to commence its business operations.
PNB Housing Finance: According to reports, the Sebi has questioned the role played by the directors of PNB Housing Finance in the planned preferential allotment of shares to the Carlyle Group.
Dr Reddy’s Laboratories: PLUSS Advanced Technologies on Monday said it will supply its indigenously developed temperature-controlled boxes to Hyderabad-based pharma major Dr Reddy’s Laboratories, for the storage and transport of coronavirus vaccine Sputnik V. Dr Reddy’s initiated a limited pilot soft launch of the Sputnik V vaccine in Hyderabad on May 14. The ongoing pilot has been scaled up to over 27 cities across India ahead of the commercial launch.
Vedanta: An arbitral tribunal has in a partial final award ruled that Zambia’s ZCCM has breached dispute resolution provisions provided in Vedanta Resources’ Konkola Copper Mines (KCM) shareholder agreements, the mining group said on Monday.
Shipping Corporation of India: Disinvestment-bound Shipping Corporation of India on Monday said it has opened the virtual data room for potential bidders. The government is selling its entire 63.75 per cent stake in the company along with transfer of management control.
M&M: Mahindra & Mahindra (M&M) has increased the prices of all the models. This is the third time that the Indian car manufacturer has raised its prices this year as previously a price correction was introduced in January, followed by May. Prices for the Mahindra Thar have gone up by around Rs 42,300 to Rs 1,02,000, depending on the variant. This translates to about 2-7 per cent hike, the highest for any model with this round of price hike. The SUV has gotten expensive by approximately nearly Rs 1 lakh. The AX variant of the SUV is expensive by Rs 67,000.
Ashoka Buildcon: The company has received Letter of Acceptance (LoA) from National Highways Authority of India (NHAI) in respect of the Project viz. ‘Request for Proposal for Development of Memmadpur (Ambala) – Banur (IT City Chowk) – Kharar (Chandigarh) Corridor under Bharatmala Pariyojana – Package-II – 6 laning of IT City Chowk to Kurali Chandigarh Road (Design length: 31.23 Km) in the state of Punjab on EPC mode’. The accepted bid price is Rs 726 crore.
FDC: FDC has launched oral suspension of Favipiravir to treat mild to moderate cases of Covid-19 in the country. This prescription-only Favenza oral suspension is currently available at all retail medical outlets and hospital pharmacies across India. Convenient loading dosage of the oral suspension helps reduce the dosage frequency.
Goa Carbon: The company has resumed the operation at the Company’s Paradeep unit located at Vill. Udayabata, Paradeepgarh, Dist. Jagatsinghpur. The Kiln has been lit up from July 12, 2021. After preliminary heat up and commencement of feeding of raw material, normal production is likely to resume shortly.
Abbott: Abbott has launched Covid-19 home test kit in India for the detection of the SARS-CoV-2 virus in adults and children with or without symptoms at a price of Rs 325 for a single test kit pack. The company will deliver millions of Panbio COVID-19 rapid antigen tests, available for self-use, to ease the burden on healthcare systems in urban and rural India.
JK Tyre & Industries: The company has further expanded its retail presence with the onboarding of the digital automotive aftermarket platform Ki Mobility Solutions. The move is expected to help the tyre maker shore up its market share across two-wheelers, passenger cars and commercial vehicle segments.
NMDC: NMDC has reduced the prices of lump ore and fines by Rs 200 per tonne each. Iron ore is the key raw material for steel making. Any change in its prices has a direct impact on the rates of steel.