Stocks in news: Tata Power, Adani Wilmar, Marico, JSW Steel and more
Stocks to watch out for today: Adani Wilmar, Marico, JSW Steel, Ujjivan SFB, Tata Power, KEC International, Prestige Estates and more
- Jul 6, 2023,
- Updated Jul 6, 2023 1:27 PM IST
Benchmark indices rose in early deals today. Sensex gained 78 pts to 65,524 and Nifty added 22 pts to 19,421.
Here's a look at stocks that are likely to remain in news today.
Adani Wilmar
Adani Wilmar has clocked strong double-digit volume growth at 25% for the June 2023 quarter. However, sales fell 15%, mainly due to sharp drop in edible oil prices.
Biocon
Biocon Biologics, a subsidiary of Biocon, has announced that the company has completed the integration of the acquired biosimilars business in over 70 countries in emerging markets.
ALSO READ: Rs 49 to Rs 289: This power stock turned into a multibagger in three years
Marico
The FMCG firm's consolidated revenue in the first quarter slumped to low-single digits on a year-on-year basis, led by pricing interventions in key domestic portfolios last year and further pricing cuts in Saffola edible oils. DCB Bank
DCB Bank
The Reserve Bank of India has granted approval to Tata AMC to acquire a stake in DCB Bank up to 7.5%.
Ujjivan SFB
The Bank's advances are up 31% YoY to Rs 25,346 crore, while deposits rose 44% YoY to Rs 26,655 crore for the quarter ended June.
ALSO READ: Multibagger defence stock zoomed 450% from 52-week low to 52-week high in a year, more upside ahead?
LTIMindtree
LTIMindtree has launched a comprehensive cyber recovery and data protection platform called 'LTIMindtree V-Protect', powered by Rubrik, the Zero Trust Data Security company.
RRP Infra
RRP Infra Projects Ltd has received a letter of acceptance for a new project worth Rs 289 crore
JSW Steel
JSW Steel Ltd will replace Housing Development Finance Corporation (HDFC) in S&P BSE Sensex, effective from July 13.
Prestige Estates Projects
The south-based realtor and its subsidiary Prestige Exora Business Parks have inked joint venture agreement with W S Industries (India) for development of IT/IT enabled services/parks in 6.53 acre of immovable property in Chennai. W S Industries (India) proposes to implement the project through its subsidiary company WS Insulators.
KEC International
The infrastructure EPC major has won new orders of Rs 1,042 crore across its various businesses including maiden international order for a signaling & telecommunication project in SAARC, and also orders for T&D projects in India, Middle East, Europe and Americas.
Tata Power
The company has received Letter of Award to implement smart metering project in Chhattisgarh State Power Distribution Company. The value of the 10-year project is Rs 1,744 crore.
Also read: RIL Q1 profit may drop in double digits. What analysts say on most-valued stock
Also read: JSW Steel shares may attract $145 million inflows as they replace HDFC in Sensex
Watch: Buzzing stocks on July 6, 2023: CEAT, DCB Bank, Tata Power, Hindustan Zinc, others
Benchmark indices rose in early deals today. Sensex gained 78 pts to 65,524 and Nifty added 22 pts to 19,421.
Here's a look at stocks that are likely to remain in news today.
Adani Wilmar
Adani Wilmar has clocked strong double-digit volume growth at 25% for the June 2023 quarter. However, sales fell 15%, mainly due to sharp drop in edible oil prices.
Biocon
Biocon Biologics, a subsidiary of Biocon, has announced that the company has completed the integration of the acquired biosimilars business in over 70 countries in emerging markets.
ALSO READ: Rs 49 to Rs 289: This power stock turned into a multibagger in three years
Marico
The FMCG firm's consolidated revenue in the first quarter slumped to low-single digits on a year-on-year basis, led by pricing interventions in key domestic portfolios last year and further pricing cuts in Saffola edible oils. DCB Bank
DCB Bank
The Reserve Bank of India has granted approval to Tata AMC to acquire a stake in DCB Bank up to 7.5%.
Ujjivan SFB
The Bank's advances are up 31% YoY to Rs 25,346 crore, while deposits rose 44% YoY to Rs 26,655 crore for the quarter ended June.
ALSO READ: Multibagger defence stock zoomed 450% from 52-week low to 52-week high in a year, more upside ahead?
LTIMindtree
LTIMindtree has launched a comprehensive cyber recovery and data protection platform called 'LTIMindtree V-Protect', powered by Rubrik, the Zero Trust Data Security company.
RRP Infra
RRP Infra Projects Ltd has received a letter of acceptance for a new project worth Rs 289 crore
JSW Steel
JSW Steel Ltd will replace Housing Development Finance Corporation (HDFC) in S&P BSE Sensex, effective from July 13.
Prestige Estates Projects
The south-based realtor and its subsidiary Prestige Exora Business Parks have inked joint venture agreement with W S Industries (India) for development of IT/IT enabled services/parks in 6.53 acre of immovable property in Chennai. W S Industries (India) proposes to implement the project through its subsidiary company WS Insulators.
KEC International
The infrastructure EPC major has won new orders of Rs 1,042 crore across its various businesses including maiden international order for a signaling & telecommunication project in SAARC, and also orders for T&D projects in India, Middle East, Europe and Americas.
Tata Power
The company has received Letter of Award to implement smart metering project in Chhattisgarh State Power Distribution Company. The value of the 10-year project is Rs 1,744 crore.
Also read: RIL Q1 profit may drop in double digits. What analysts say on most-valued stock
Also read: JSW Steel shares may attract $145 million inflows as they replace HDFC in Sensex
Watch: Buzzing stocks on July 6, 2023: CEAT, DCB Bank, Tata Power, Hindustan Zinc, others