Market Commentary - Stock Alert
HDFC Bank, HDFC, RIL, Hero MotoCorp, NCC in focus As on : 03-Jul-23  08:42

HDFC Bank, HDFC: The merger of HDFC Bank and HDFC will be effective 1 July 2023, with 13 July 2023 as the record date to determine the eligible shareholders for allotment of shares under the merger deal.

Reliance Industries (RIL): RIL said that the company and bp p.l.c. have commenced the production of gas & condensate from the MJ field, following testing and commissioning activities.

Hero MotoCorp: Hero MotoCorp said that it will make an upward revision in the ex-showroom prices of its motorcycles and scooters, effective from 3 July 2023. The price increase will be around 1.5% and the exact quantum of increase will vary by specific models and markets. Hero MotoCorp sold 436,993 units in June 2023, compared to 484,867 units in June 2022.

Tata Motors: Sales in the domestic & international market for Q1 FY 2023-24 stood at 2,26,245 vehicles, compared to 2,31,248 units during Q1 FY 2022-23.

Maruti Suzuki India: Maruti Suzuki India said that its total domestic and export sales stood at 1,59,418 units in June 2023, registering the growth of 2.28% as compared with 1,55,857 units in June 2022.

Escorts Kubota: Escorts Kubota's agri machinery business sold 9,850 tractors in June 2023 as against 10,051 tractors sold in June 2022, recording a a de-growth of 2% on YoY basis.

UltraTech Cement: The company's total sales volume in India grew by 20% YoY to 29.01 million tonnes in Q1FY24 over Q1FY23. Total consolidated sales volume rose by 20% to 29.96 million tonnes.

Mazagon Dock Shipbuilders: The company announced that it has signed a contract worth Rs 2724.63 crore with the Indian Navy for medium refit cum life certification (MRLC) of second Shishumar class submarine INS Shankush.

MOIL: MOIL said that it has decided to decrease the prices of different grades of Manganese Ore and other products with effect from 1 July 2023.

NCC: NCC announced that it has received new orders worth Rs 2,055 crore in June 2023 from private and state Government agencies and does not include any internal orders.

GTPL Hathway: GTPL Hathway said that it has entered into share purchase and subscription cum shareholders agreement with Metro Cast Network India to acquire 4,37,676 equity shares for cash consideration of more than Rs 25 crore.

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