Tata Motors, Tata Steel, Marico among stocks to watch out for on July 6

Jul 6, 2022

By: Bhakti Makwana

Bajaj Finance

The NBFC booked 74 lakh new loans in April-June 2022 as compared to 46 lakh last year. The total number of deposits saw a 22 percent rise on year to ₹34,100 crore.

Credit: BCCL

Tata Motors

The Bombay High Court upheld Brihanmumbai Electric Supply and Transport (BEST) undertaking’s decision to disqualify Tata Motors from a tender to operate electric buses in the city.

Credit: BCCL

Marico

The FMCG major reported a volume decline in mid-single digits in its India business during April-June due to high retail inflation.

Credit: Yes-Bank

Tata Power

The company has signed an MoU with the government of Tamil Nadu to invest approximately ₹3,000 crore, for setting up a greenfield 4 gigawatts solar cell and 4 gigawatts solar module manufacturing.

Credit: Yes-Bank

Tata Steel

The steel major recorded a 2 percent on year drop in overall deliveries due to a levy on steel exports by the government in May.

Credit: Yes-Bank

Yes Bank

The private sector bank said its loans and advances increased by 14 percent to ₹1.86 lakh crore at the end of June 2022.

Credit: Yes-Bank

Westlife Development

ICICI Prudential Life Insurance Company has sold 2.02 percent of its stake in the Indian fast food restaurant holding company, cutting down its shareholding to 5.13 percent from 7.15 percent.

Credit: Tejas-Networks

Tejas Networks

The Tata Group company has acquired 62.65 percent stake in Saankhya at a price of ₹454.19 per equity share.

Credit: Tejas-Networks

Bajaj Hindusthan Sugar

The company has been declared a non-performing asset (NPA) after it failed to make debt payments, whose gross value stood at ₹4,814 crore as of March this year.

Credit: BCCL

Although FII flows have reversed, retail investor confidence remains low thanks to macro concerns