Titan, Mahindra & Mahindra, NMDC and other top stocks to watch out for on July 7

Jul 7, 2021

By: Rounak Jain

Credit: BCCL

Titan Company

India’s largest branded jewellery maker reported a bounce back, registering a revenue growth of 117 percent, but the May month was a washout this year, too. Its watches and wearables unit grew the most, at 280 percent, year-on-year.

Credit: Titan Company

Mahindra & Mahindra

To acquire a 31.2 percent stake in ReNew Sunlight Energy for ₹16 crore.

Credit: Mahindra & Mahindra

IPO Watch

GR Infraprojects and Clean Science & Technology initial public offerings (IPO) open today.

Credit: Flickr

HDFC

Penalised ₹4.75 lakh by the National Housing Bank for non-compliance of certain provisions.

Credit: HDFC

Coffee Day Enterprises

Defaulted on repayment of loans from banks and unlisted debt securities to the tune of ₹281 crore.

Credit: BCCL

NMDC

Government’s offer for sale oversubscribed by 2.13 times by non-retail investors – bids for 22.55 crore shares were received while 10.55 crore shares were on offer. Government will sell additional 10.22 crore shares to retail investors today.

Credit: NMDC

Kotak Mahindra Bank

Entered into an agreement to purchase a 9.96 percent stake in Kredent InfoEdge for ₹10 crore.

Credit: BCCL

Bajaj Auto

Slashed price of the Dominar 250 bike by ₹16,800 to ₹1,54,176 (Delhi ex-showroom price).

Credit: Bajaj Auto

RBL Bank

Reported a 21 percent jump in deposits in the June 2021 quarter to ₹74,480 crore, year-on-year.

Credit: RBL Bank

TVS Motor

Launched the Ntorq 125 Race XP, a new version of its existing Ntorq scooter, at ₹83,275 (Delhi ex-showroom price).

Credit: TVS Motor

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