HDFC, Hindustan Oil Exploration: Housing finance major HDFC said it has divested 2.46 per cent of its stake in
Hindustan Oil Exploration Company (HOECL) for Rs 37 crore. HDFC held 1,48,26,303 equity shares of HOECL.
Mahindra & Mahindra: The homegrown automajor announced a restructuring of its farm equipment business in Turkey under which its arm, Erkunt Traktor Sanayi A.S. (Erkunt) will acquire the agriculture machinery business from another subsidiary, Hisarlar Makina Sanayi ve Ticaret Anonim Sirketi (Hisarlar).
PNB Housing Finance: The housing finance firm said its promoter
Punjab National Bank has asked it to consider restructuring the proposed Rs 4,000 crore capital infusion deal led by US-based Carlyle group. The housing financier also said it will await the Securities Appellate Tribunal s order on the issue before taking a final decision.
Stocks in news: Info Edge, TCS, Titan, PNB Housing, Railtel Corp and more
Stocks in news: Info Edge, TCS, Titan, PNB Housing, Railtel Corp, Bajaj Healthcare, Mahindra & Mahindra and more Stocks in news: Info Edge, TCS, Titan, PNB Housing, Rail Corp, JK Tyre and more BusinessToday.In
Updated Jul 08, 2021, 9:35 AM IST
Benchmark indices opened on a flat note today a day after logging record closing highs. Sensex was trading 23 points higher at 53,078 and Nifty gained 4 points to 15,883. Tech Mahindra, IndusInd Bank, Mahindra & Mahindra, Bajaj Auto, NTPC and Titan were the top Sensex gainers.
On Wednesday, Sensex closed above 53,000 level for the first time propelled by gains in metal and capital goods stocks. The 30-stock index rose 194 points to close at its fresh lifetime high of 53,054.76. Nifty climbed 61.40 points to its record peak of 15,879.
Here are the top stocks that are likely to be in focus today:
Earnings Today: TCS, Gammon Infrastructure Projects, and Shyam Metalics and Energy will release their quarterly numbers on Thursday. Analysts expect TCS to post PAT growth of 30-36 per cent and revenue growth of 19-20 per cent, on a yearly basis, led by a low base of last year, strong seasonality, digital traction and ramp-up of deals.
Tata Motors: The stock of the home-grown automaker will be in focus after Jaguar Land Rover assured the investors that it sees a strong rebound in overall volumes and cash flow in the second half of the year although the company stayed clear of giving any fresh guidance FY22.
Maruti Suzuki, Tata Motors, Toyota, others witness sales recovery in June With markets opening up and improvement in customer sentiments, the company is committed to deliver innovative and world class quality products and services meeting and exceeding customers aspirations, HMIL Director (Sales, Marketing & Service) Tarun Garg said The country s largest carmaker Maruti Suzuki India (MSI) posted total sales of 1,47,368 units in June, up from 46,555 units in May PTI
Updated Jul 02, 2021, 7:45 AM IST
Major automakers, including Maruti Suzuki, Hyundai, Tata Motors, Mahindra & Mahindra, Kia, Toyota and Honda, on Thursday reported healthy growth in passenger vehicles sales in June, recovering from the disruptions induced by the second wave of COVID-19.
Hyundai Alcazar Becomes Car No 1 Crore To Roll Out Of India Plant
RushLane.com
01 Jul 2021, 07:09 GMT+10
2021 is turning out to be continuity of momentous landmarks for Hyundai India. The auto manufacturer continues to expand its market share in India, alongside being a major player in the export market. This year the company completed 25 years of business in India. And despite current market situations plaguing the auto industry, the company has recently launched Hyundai Alacazar.
Today, Hyundai Motor India rolled out its 10 millionth car. The unit being its newly launched Alacazar at HMIL s Sriperumbudur plant. Over time, the company has contributed to the Indian economy with an investment of $ 4 billion. HMIL employs a workforce of over 15k personnel to make the cars that make the brand. Hyundai India is committed to 2.5 lakhs employment generation in Tamil Nadu.