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CNBC-TV18's top stocks to watch out for on July 3

Updated : 2020-07-03 08:26:40

The Indian market is likely to open higher on Friday following gains in global markets. At 7:05 am, the SGX Nifty was trading 46.00 points or 0.44 percent higher at 10,594.00, indicating a positive start for the Sensex and Nifty50.

 Reliance Industries:  The company announced that Intel will invest Rs 1,894.50 crore for 0.39 percent stake in its digital arm Jio Platforms. The Intel deal values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. With this investment, Jio Platforms has raised Rs 117,588.45 crore from leading global technology investors.
Reliance Industries: The company announced that Intel will invest Rs 1,894.50 crore for 0.39 percent stake in its digital arm Jio Platforms. The Intel deal values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. With this investment, Jio Platforms has raised Rs 117,588.45 crore from leading global technology investors.
 J B Chemicals & Pharmaceuticals:  Global investment firm KKR will acquire 54 percent stake in the company for up to Rs 3,109 crore in various tranches. KKR will acquire its stake from the founding Mody family at a price of Rs 745 per share and make an open offer for an additional 26 percent of the company.
J B Chemicals & Pharmaceuticals: Global investment firm KKR will acquire 54 percent stake in the company for up to Rs 3,109 crore in various tranches. KKR will acquire its stake from the founding Mody family at a price of Rs 745 per share and make an open offer for an additional 26 percent of the company.
 Hindustan Unilever:  Emami said it is seeking legal help against Hindustan Unilever’s use of ‘Glow & Handsome’ brand name as it had already launched a week back in its brand ‘Emami Glow and Handsome’.
Hindustan Unilever: Emami said it is seeking legal help against Hindustan Unilever’s use of ‘Glow & Handsome’ brand name as it had already launched a week back in its brand ‘Emami Glow and Handsome’.
 Axis Bank:  The bank will wind down and close the operations of its subsidiary Axis Bank UK Limited and is targeting for surrendering of the banking licence by end of April 2021, which has been reviewed with the UK regulators. The decision will not have any material impact on the operations or the financial position of the bank, it said.
Axis Bank: The bank will wind down and close the operations of its subsidiary Axis Bank UK Limited and is targeting for surrendering of the banking licence by end of April 2021, which has been reviewed with the UK regulators. The decision will not have any material impact on the operations or the financial position of the bank, it said.
 Motherson Sumi Systems Ltd (MSSL):  The company has approved a group reorganization plan. It announced the demerger of Domestic Wiring Harness (DWH) business from MSSL into a new company and subsequent merger of Samvardhana Motherson International Ltd (SAMIL) into MSSL. (Image: Reuters)
Motherson Sumi Systems Ltd (MSSL): The company has approved a group reorganization plan. It announced the demerger of Domestic Wiring Harness (DWH) business from MSSL into a new company and subsequent merger of Samvardhana Motherson International Ltd (SAMIL) into MSSL. (Image: Reuters)
 HDFC Life Insurance:  The company will be included in the Nifty50 index instead of Vedanta from July 31. (Image: Reuters)
HDFC Life Insurance: The company will be included in the Nifty50 index instead of Vedanta from July 31. (Image: Reuters)
 VST Tillers and Tractors:  The company’s sales in June rose to 805 tractors from 728 units, YoY. Sales of power tillers stood at 2,675 units as against 3,325 units, YoY.
VST Tillers and Tractors: The company’s sales in June rose to 805 tractors from 728 units, YoY. Sales of power tillers stood at 2,675 units as against 3,325 units, YoY.
 Muthoot Finance:  The company will consider shareholder’s nod for share split and to increase borrowing powers of the board to Rs 75,000 crore from existing Rs 50,000 crore on July 18.
Muthoot Finance: The company will consider shareholder’s nod for share split and to increase borrowing powers of the board to Rs 75,000 crore from existing Rs 50,000 crore on July 18.
 PNC Infratech:  CARE Ratings has reaffirmed its credit rating on the long term bank facilities of the company's four subsidiaries.
PNC Infratech: CARE Ratings has reaffirmed its credit rating on the long term bank facilities of the company's four subsidiaries.
 Affle India:  The company will acquire an 8 percent stake in OSLabs for $2.86 million.
Affle India: The company will acquire an 8 percent stake in OSLabs for $2.86 million.
 GPT Infraprojects:  The company has bagged an order valued at Rs 102.80 crore.
GPT Infraprojects: The company has bagged an order valued at Rs 102.80 crore.
 PI Industries:  The company has launched QIP worth Rs 2,000 crore at a floor price of Rs 1,534.24 per share.
PI Industries: The company has launched QIP worth Rs 2,000 crore at a floor price of Rs 1,534.24 per share.
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