India Pesticides, Avenue Supermarts, HDFC and other top stocks to watch out for on July 5

Jul 5, 2021

By: Rounak Jain

Credit: BCCL

India Pesticides

It will debut on the stock markets today. Its ₹800 crore initial public offering (IPO) was oversubscribed by 29 times.

Credit: India Pesticides

Avenue Supermarts

It reported a 31 percent jump in its operating revenue to ₹5,032 crore in the June 2021 quarter, year-on-year. Its board will meet on July 10 to consider its Q1 FY22 earnings.

Credit: BCCL

HDFC

Earned ₹263 crore from sale of investments in the June 2021 quarter, as compared to ₹1,241 crore a year ago.

Credit: HDFC

Tata Steel

Its India crude steel production fell 2.7 percent in the June 2021 quarter to 4.62 million tonnes, quarter-on-quarter. Sales volume fell by 11.13 percent to 4.15 million tonnes in the same period.

Credit: Tata Steel

HCL Technologies

Entered into a multi-year agreement with the Finland-based Fiskars Group to standardise and harmonise their information technology and business processes.

Credit: HCL Technologies

Panacea Biotec

Received a manufacturing licence from the DCGI for producing Sputnik V vaccine for COVID-19, in collaboration with the Russian Direct Investment Fund.

Credit: Panacea Biotec

Info Edge

Reduced its offer-for-sale (OFS) in the Zomato IPO by 50 percent to ₹375 crore.

Credit: Info Edge

Punjab & Sind Bank

RBI imposed a penalty of ₹25 lakh for not complying with certain norms with respect to cyber security.

Credit: Punjab & Sind Bank

ONGC

To procure services and equipment worth ₹30,000 crore to support its oil and gas exploration operations. This will be done under the ‘Atmanirbhar Bharat’ initiative.

Credit: ONGC

Suzlon Energy

Allotted 1.36 crore equity shares on converting 1,467 US dollar denominated bonds with a face value of $320 each.

Credit: Suzlon Energy

Hero MotoCorp, Maruti Suzuki, banks and other stocks to watch out for on July 2