Before the opening bell on Wednesday, July 03, stocks from YES Bank, HDFC Bank, HCL Tech, IEX, D-Mart, RVNL, Zomato, and other companies might continue to be closely watched.
On the strength of conflicting global signals, Indian benchmark indexes finished a tumultuous trading day on a flat note on Tuesday. The BSE Sensex finished at 79,441.45, down 34.74 points, or 0.04 percent. The Nifty50 index on the NSE lost 18.10 points, or 0.07 percent, to end the day at 24,123.85. These are the equities that might continue to be watched closely before to Wednesday, July 3, 2024's opening bell.
Vraj Iron and Steel: After collecting Rs 171 crore via an initial public offering (IPO) that was up for bids from June 26 to June 28, the metal player's shares will make their Dalal Street debut on Wednesday. The shares were sold by the corporation for between Rs 195 and Rs 207 each. At Rs 50 per share, the stock's existing GMP was in place.
HDFC Bank: The private lender's shareholding data for the June 2024 quarter indicates that foreign institutional investors' shares in the bank decreased from 55.54 percent at the end of the March quarter to 54.83 percent. This suggests that the firm's weighting in the MSCI indexes may likely grow. Experts predict that the lender will get $3–4 billion in FII inflows.
HCL Technologies: The multinational technology corporation established its Patna global delivery center. The center's primary emphasis will be providing engineering and IT services to semiconductor and high-tech businesses.
Indian Energy Exchange: In June 2024, the exchange's power volume reached 10,185 MU, indicating a YoY growth of 24.7%. The volume of the green market was 744 million units as of June 2024, up 173.4 percent from 272 million units in June 2023.
YES Bank: During Q1FY25, the private sector lender reported a 14.8% YoY increase in loans and advances at Rs 2.29 lakh billion. According to preliminary figures, deposits increased by 20.8% YoY to Rs 2.64 lakh billion during the quarter.
Avenue Supermarts: D-Mart's operator's standalone revenue from operations for the quarter ended June FY25 was Rs 13,711.87 crore, up 18.4% from Rs 11,584.44 crore in Q1FY24. As of June 2024, there were 371 total shops.
Hindustan Zinc: With better-than-expected mined metal grades, the company's Q1FY25 mining and metal output, at 2.63 lakh tonnes, increased by 2% YoY. At 2.62 lakh tons, the output of saleable metal increased by 1% year over year. During the quarter, refined lead output climbed by 2% to 51,000 tonnes, while refined zinc production increased by only 1% YoY to 2.11 lakh tonnes.
Zomato: Zomato Financial Services, a subsidiary of the food delivery platform, has opted to voluntarily withdraw its application for a certificate of registration to operate as a non-banking financial company (Type II NBFC-ND) from the Reserve Bank of India. The company stated that it is no longer interested in pursuing the lending business.
Aditya Birla Capital: The business has not received any letters from exchanges expressing opposition to Aditya Birla Finance's merger with it.
Mahindra & Mahindra Financial Services: According to the shadow lender, the total disbursement was projected to be about Rs 4,370 crore, resulting in a 3% YoY rise in the June 2024 quarter. Q1FY25 disbursement increased by 5% YoY to around Rs 12,730 crore. In June 2024, the collecting efficiency was 95%, compared to 96% in June 2023.
Motilal Oswal Financial Services: The capital markets regulator SEBI has issued an administrative warning to the brokerage business. The regulator gave the business advice on how to handle small operational issues going forward. Regarding the investigation into the company's stock brokerage operations, SEBI has sent out this letter.
MOIL: The manganese ore mining business reported record quarterly output of 4.70 lakh tonnes in Q1FY25, citing a 7.8% YoY rise, and sales growth of 14.5 percent YoY for the June FY25 quarter.
KEC International: The leading global infrastructure EPC has landed new T&D and renewables business orders totaling Rs 1,017 crore. The transmission and distribution company has orders for the supply of towers in the Middle East and an EPC project.
Rail Vikas Nigam: RVNL was the lowest bidder for a Rs 132.6 crore contract that Central Railway was offering. In order to reach the 3000 MT loading objective, the contract calls for OHE modification work to upgrade the Wardha-Ballarshah Segment of the Central Railway's Nagpur division's 1 x 25 kV electric traction system to a 2 x 25 kV AT feeding system.
Piramal Enterprises: The India International Exchange (IFSC) Limited (India INX) has sent a "no comments letter" on the creation of a Euro Medium Term Note Program to the NBFC's subsidiary Piramal Capital & Housing Finance.
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