Shri Ram Finance, which rose by 3.22% to close at Rs 2,820 and Power grid corporation of India, which climbed 3.13% to close the day’s trade at Rs 331.55, remained amidst the top gainers in the market today. On the other side, stocks of Dr. Reddy, which fell by 2.14%, Ultratech cement, which fell by 1.6% and Hindalco, which dipped by 0.82%, closed the day in red.
Here are some stocks you should look out for during tomorrow’s trade :
The stock jumped by 0.72% to close at Rs 16.87 today, is likely to be in action tomorrow, as the cash-strapped telecom company looks to borrow Rs 23,000 crore in term loans from a consortium of banks led by SBI, in addition to seeking Rs 10,000 crore in bank guarantees as well. This comes after the consortium gave an in-principle approval for a loan worth Rs 14,000 crore to the company. In other developments, Vodafone's parent company is selling about 10% of its stake in the mobile-tower operator company Indus Towers for around $1.1 billion. This is further expected to flush in some cash to the beleaguered company to turn its business around, and also introduce 5G services.
The company is all set to launch India’s first CNG bike on July 5th. The stock has been rallying for 9 straight days, closed at Rs 9,920 today, after briefly touching Rs 10,038 during the day's trade. Given that the upcoming budget will potentially focus on development of rural infrastructure, the sales of 2-wheelers, where Bajaj Auto is a dominant player, are set to rise in the months to come.
The company’s stock rallied 6.33% during the day to close at Rs 5,530. HAL will remain in the spotlight, thanks to its strong order book. It has received a tender for 156 light combat helicopters from the Indian defence ministry, the expected value of which is around Rs 45,000 crore.
The government had issued a tender worth over Rs 65,000 crore to HAL in April this year, for procuring 97 made-in-India LCA Mark 1A fighter jets.
The stock, which closed at Rs 12,560.95, dipped 2.22% during the day. Announcements by peers
After the fintech giant confirmed that it is indeed in talks with Zomato to sell its ticketing and movie business, the company’s stocks dipped by 1.86% during the day to close at Rs 417.15. The deal is estimated to be worth between Rs 1,600 crore and Rs 2,000 crore. The fintech behemoth is also reeling with a series of resignations from senior executives. The latest in line is Neeraj Arora, who resigned as the company’s independent director. The company’s shares also saw intense pressure in the markets today, with around 7.25 lakh shares up for block trade during the day.