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    Stocks to watch out for on July 2: Tata Steel, IDBI Bank, RIL, auto firms

    market | IST

    Stocks to watch out for on July 2: Tata Steel, IDBI Bank, RIL, auto firms


    Here are the top stocks to watch out for today.

    The Indian market on Friday began the July series on a strong note with the benchmark Nifty index advancing 125 points to 10714 and the Sensex gaining 386 points to 35,423. Reliance, L&T, HDFC and FMCG majors ITC and HUL were the top gainers.
    Here are the top stocks to watch out for today
      • Eicher Motors: The Royal Enfield motorcycle maker saw a jump of 18 percent in sales in June.
      • Tata Motors: The company's overall sales jumped 50 percent in June. Also, The Tata Motors-run Jaguar Land Rover unveiled the updated Range Rover and Range Rover Sport in India.
      • Mahindra & Mahindra: The company's sales rose 26 percent in June.
      • Maruti Suzuki India Limited: The company's sales jumped 36.3 percent last month.
      • IDBI Bank: IRDA approved LIC's investment plan in the bank on Friday. The life insurer can invest up to 51 percent in the bank. Also, B Sriram on Friday assumed charge as the managing director and CEO of the bank, according to a regulatory filing.
      • Reliance Industries: Reliance Industries has signed an agreement to acquire US-based open telecom solutions provider Radisys, according to a statement. The cash acquisition is aimed at cementing Jio's position in futuristic areas such as 5G and Internet of Things (IoT).
      • Tata Steel: The board of Tata Steel approved the terms to create a 50:50 joint venture of Tata Steel's European steel businesses and Thyssenkrupp AG on Friday.
      • Punjab National Bank: State-owned Punjab National Bank raised the marginal cost of funds-based lending rate, the floor rate at which it lends to consumers, for select tenors by 0.05-0.10 percent.
      • Tata Group: The Central Bureau of Investigation (CBI) on Friday summoned Tata Trusts managing trustee R Venkataramanan on July 3 over allegations of manipulating government policies through corrupt means to get international licence for AirAsia India. Along with this,  the NCLT will deliver its judgement on July 4 that may bring the curtains down on the two-year-old bitter feud between Tata Sons and its dismissed chairman Cyrus Mistry.
      • Dr Reddy's Labs: Dr Reddy's Laboratories is recalling from the US over 2.36 lakh bottles of Atorvastatin Calcium tablets used for lowering cholesterol, as per a report by the US health regulator.
      • SBI: With muted demand for funds from corporates, the SBI is expecting its retail portfolio to go up to 60 percent of total loans by the end of current fiscal, the managing director of the bank told PTI.
      • FMCG companies: The FMCG companies, such as HUL and ITC, may have to start collecting their plastic-packaged bottles and other products in Maharashtra amid the plastic ban rule, The Economic Times reported.
      • Telcos: Keeping its vigil on service quality in the sector, Trai has imposed penalties on leading operators, including Bharti Airtel, Vodafone and Idea Cellular, for failing to meet various Quality of Service benchmarks in the December quarter, sources told PTI.
      • MOIL: The company increased the prices of Ferro Grade, SMGR, Chemical Grade & Fines by five percent.
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