HDFC, HDFC Bank, auto firms among stocks to watch out on July 4

Jul 4, 2022

By: Bhakti Makwana

HDFC, HDFC Bank

The proposal of merger of HDFC with its banking subsidiary HDFC Bank has got approval from stock exchanges while it still requires approvals from RBI and CCI.

Credit: BCCL

Maruti Suzuki India

The country's largest car maker announced production of 1.44 lakh vehicles in June 2022 as against 1.65 lakh units a year ago due to shortage of electronic components.

Credit: BCCL

Mahindra & Mahindra

The company’s total sales rose 64 percent to 54,096 vehicles in June 2022 as compared to sales last year. Exports increased 7 percent on year to 2,777 vehicles.

Credit: BCCL

Hero MotoCorp

The largest two-wheeler maker reported a 3 percent increase in total sales at 4,84,867 units in June.

Credit: BCCL

Coal India

The state-owned company said its coal production increased 29 percent on year to a record 159.8 million tonnes in April-June this fiscal.

Credit: BCCL

TVS Motor Company

The company’s total sales rose by 22 percent to 3.09 lakh units as compared to 2.52 lakh units in the previous year.

Credit: BCCL

Eicher Motors

The company sold 61,407 units of Royal Enfield in June 2022 as compared to over 43,048 units sold in the corresponding month last year. Meanwhile, exports grew 54 percent to 11,142 units.

Credit: BCCL

ICICI Bank

The bank has increased its marginal cost of lending rate (MCLR) by 20 basis points across all tenures.

Credit: BCCL

SpiceJet

An aircraft operating from Delhi to Jabalpur returned safely to the Delhi airport Saturday morning after the crew noticed smoke in the cabin. This is the fifth such incident on SpiceJet aircraft in two weeks.

Credit: BCCL

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