Maruti Suzuki, NMDC and other top stocks to watch out for on July 6

Jul 6, 2021

By: Rounak Jain

Credit: BCCL

Maruti Suzuki

Reported production of 1,65,576 units in June 2021, against 50,742 units in June 2020, when COVID-19 lockdown and restrictions were still in place across the country.

Credit: BCCL

NMDC

Its promoter, the Government of India, to sell 11.7 crore shares (approx. 4 percent) via offer for sale, with an option to sell an additional 10.2 crore shares (approx. 3.5 percent) on July 6 and July 7.

Credit: NMDC

Force Motors

Reported a total production of 1,757 units in the month of June 2021, while total sales stood at 1,925 units.

Credit: Force Motors

Religare Enterprises

Received approval for a preferential issue of fresh equity shares worth ₹570 crore, at a price of ₹105.25 per share share.

Credit: Religare Enterprises

Piramal Enterprises

Approved the allotment of ₹125 crore worth non-convertible debentures at an issue price of ₹10.01 lakh per debenture, on a private placement basis.

Credit: Piramal Enterprises

IOL Chemicals and Pharmaceuticals

Received a ratings upgrade from CARE for its banking facilities, from A Stable to A+ Stable.

Credit: IOL Chemicals and Pharmaceuticals

Kirloskar Electric

Its Budihyal unit has extended layoff for over a third of its workmen for a period of 60 days.

Credit: Kirloskar Electric

Vakrangee

Has partnered with Edusaksham, an EdTech startup, to provide live classes, online tuition, e-learning courses and more.

Credit: Vakrangee

CG Power and Industrial Solutions

Allotted 1.38 crore equity shares to Standard Chartered Bank for ₹101 crore. The bank now holds over 1 percent of the company’s paid-up equity share capital.

Credit: CG Power and Industrial Solutions

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