Stocks to Watch Today: Even as the Indian stock market has been rising continuously amid strong sentiments, there are individual stocks that need to be watched closely today, Wednesday, July 10. These include Mahindra & Mahindra, Tata Elxsi, Emcure Pharma, Bansal Wires, Vodafone Idea, Vedanta, Wipro, RVNL and Reliance, among others.
Today, the financial markets in India will be majorly influenced by Q1 earnings, AGM of few corporates, listings, and other stock developments.
Q1 Financial Results Today: Tata Elxsi, Sybly Industries, SG Finserve, Vashu Bhagnani Industries, Lancor Holdings, Kretto Syscon, Kesoram Industries, KCP Sugar & Industries, JTR Industries, Hexa Tradex will announce their June 2024 quarter results today, July 10.
Mahindra & Mahindra
Mahindra & Mahindra has announced a special celebratory ex-showroom price reduction for its best-selling SUV, the XUV700 AX7 range. This limited-time pricing, available for four months, coincides with the XUV700’s three-year anniversary. The milestone of producing 200,000 units in less than three years also marks this occasion.
Vodafone, Vedanta, Voltas and Bajaj Healthcare
These companies have their annual general meetings on July 10. Apart from this, Bajaj Healthcare also has board meeting today.
Reliance Industries
Reliance Industries Ltd has introduced the JioTag Air, an upgraded version of last year’s JioTag. This new asset tracker is designed to assist users in locating and tracking various valuables such as keys, ID cards, wallets, purses, luggage, and even pets.
RVNL
State-owned RVNL has been identified as the lowest bidder for a Rs 202.87 crore project from the South Eastern Railway. The project involves the design, supply, erection, testing, and commissioning of a 132 KV traction substation, sectioning posts, and sub-sectioning posts within a 2x25KV system on the Kharagpur-Bhadrak section of the Kharagpur division.
Wipro
IT giant Wipro has settled a lawsuit against its former CFO, Jatin Dalal. A US SEC filing dated July 2, 2024, reveals that Cognizant’s board of directors approved a payment of $505,087 to cover the settlement and legal fees associated with the dispute.
ONGC
The state-owned company has said it will invest about Rs 2 lakh crore to establish renewable energy sites and green hydrogen plants, aiming to achieve its net-zero carbon emission goal by 2038.
PG Electroplast
July 10 is the record date for its 10:1 stock split. The investors who buy this multibagger stock today will become eligible for the the split shares.
Emcure Pharma, Bansal Wire
The Indian stock market will also witness two mainboard IPO listings today — Emcure Pharma and Bansal Wire IPO.
Meanwhile, benchmark indices Sensex and Nifty on Tuesday, July 9, rebounded, hitting their fresh record closing levels on the back of gains in auto and FMCG shares and foreign fund inflows.
The 30-share BSE Sensex climbed 391.26 points or 0.49 per cent to settle at a new closing peak of 80,351.64. During the day, it jumped 436.79 points or 0.54 per cent to hit a new lifetime high of 80,397.17.
The NSE Nifty went up by 112.65 points or 0.46 per cent to 24,433.20 — its record closing high. During the day, it surged 123.05 points or 0.50 per cent to hit a new record peak of 24,443.60.
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