After a long gap and positive openings in European stock markets, the benchmark indices rallied over 1 per cent on Wednesday. Sensex climbed 616.62 points to end at 53,750. 97 and Nifty gained 178.95 points to 15,989. Bajaj Finserv, Bajaj Finance, Hindustan Unilever, Asian Paints, Titan, Maruti Suzuki India, Kotak Mahindra Bank and Nestle were the top Sensex gainers, rising to 4.54 per cent. Power Grid, NTPC, Reliance Industries, Larsen Toubro and Tata Steel were the top Sensex losers, falling to 1.63 per cent.
Here's a look at stocks that are likely to remain in news today.
In April-June quarter of FY 23 consumer pressure continued due to the unprecedented inflation that has impacted the share of income available for spending consumer staples, according to Dabur, home-grown FMCG firm Dabur. In its update for the quarter ended June 30, 2022, Dabur said that this was seen across urban and rural markets.
Titagarh Wagons: HDFC Asset Management Company has offloaded 2.15 percent or 25.7 lakh shares in the company via open market transactions. HDFC AMC's stake was reduced to 7.02 percent, against 9.17 percent earlier in the day.
Deep Industries received Letter of Award from ONGC for the charter hiring of 1000 HP mobile drilling rigs for Ahmedabad asset for a period of 3 years. The total estimated value of the awards is $19.02 million or 150.24 crore.
According to K Satish Reddy and co-chairman and managing director GV Prasad, Reddy's Laboratories: Home-grown pharma giant Reddy's aims to triple its reach to 1.5 billion patients by 2030 as part of its sustainability goals.
Titan: The Tata group firm said its sales in the April-June quarter were up nearly threefold on a year-on-year basis, helped by a low base of the Covid- 19 impacted quarter in the last year. Titan said its network expansion and campaigns continued to progress well throughout Q 1 of FY 23, which was the non-disrupted first quarter in the last three years. Sales in Q 1 FY 23 increased by 205 per cent YoY on a low base and clocked a 3 year CAGR of 20.5% over Q 1 FY 20, Titan said.
TVS Motor Company: The company launched the industry-first'modern-retro' motorcycle, the TVS RONIN, to enter the premium lifestyle segment.
The power arm of Power Grid Corporation of India: The board of the state-owned power arm approved two proposals to raise up to 11,000 crore through the issuance of bonds and term loans. The proposal to raise 11,000 crore was approved in a meeting of the board of directors on July 6, 2022.
In the April-June quarter, Macrotech Developers reported a three-fold increase in sales bookings at Rs 2,814 crore. Macrotech Developers sells its properties under the Lodha brand.
The board approved the delisting of equity shares of the company from the NSE, but equity shares would still be listed on the BSE, according to the PBA Infrastructure.
Punjab National Bank: The public sector lender has raised Rs 2,000 crore by issuing Basel III compliant bonds to certain investors on a private placement basis. The bank has also issued additional tier-I bonds at a coupon rate of 8.75 per cent per annum, resulting in a total of Rs 2,000 crore on a private placement basis.