TCS, Bharat Dynamics and other top stocks to watch out for on July 9

Jul 9, 2021

By: Rounak Jain

Credit: BCCL

TCS

Reported a 28.5 percent jump in net profit to ₹9,008 crore in the June 2021 quarter, while revenue jumped by 18.5 percent to ₹45,411 crore – both below market expectations.

Credit: TCS

Bharat Dynamics

Signed a contract worth ₹499 crore with the Ministry of Defence to manufacture and supply Akash missiles to the Indian Air Force.

Credit: Bharat Dynamics

Earnings today

Delta Corp, Madhucon Projects, Metalyst Forgings, Valencia Nutrition, Excel Realty N Infra, Integrated Capital Services, Mapro Industries, K&R Rail Engineering.

Credit: Pixabay

Mahindra & Mahindra Financial Services

Its acquisition of a 20 percent stake in Ideal Finance is complete, taking its total shareholding to 58.2 percent.

Credit: Mahindra & Mahindra Financial Services

Tata Steel

CARE has upgraded the long-term credit rating of the company to AA Plus from AA. The outlook has been upgraded to Stable from Negative.

Credit: Tata Steel

Tata Motors

Inked a two-year memorandum of understanding with Jammu & Kashmir Bank to offer easy financing options to its customers.

Credit: BCCL

Union Bank of India

Has accepted bids for Basel-III compliant bonds worth ₹1,150 crore.

Credit: Union Bank of India

JSW Ispat Special Products

Its crude steel production fell by 6 percent in the June 2021 quarter to 0.14 metric tonnes, quarter-on-quarter, but jumped by 76 percent year-on-year.

Credit: JSW Ispat Special Products

Texmaco Rail & Engineering

CARE downgraded the company’s outlook to Negative from Stable.

Credit: Texmaco Rail & Engineering

Jammu & Kashmir Bank

RBI has levied a penalty of ₹1 crore for violating directions around lending and bank financing facilities to non-banking financial companies.

Credit: Jammu & Kashmir Bank

Tata Consultancy Services, Adani Group, Shyam Metalics and other top stocks to watch out for on July 8