UltraTech Cement, HDFC, Coal India among stocks to watch out for on June 3

Jun 3, 2022

By: bhakti.makwana@timesinternet.in

Credit: BCCL

UltraTech Cement

The cement maker announced an investment of ₹12,886 crore to increase its production capacity by 22.6 million tonnes per annum (MTPA).

Credit: Wikipedia

HDFC

The mortgage lender has partnered with global IT firm Accenture to digitally transform its lending business. The collaboration will revamp HDFC’s customer experience and business processes to provide greater operational agility and efficiency, and drive business growth.

Credit: YES Bank

Coal India

The coal ministry has reportedly floated a draft cabinet note for seeking inter-ministerial views on the proposal to list 25 percent shares of Coal India’s arm BCCL.

Credit: Wikipedia

Yes Bank

The Bank's Board has approved to make a tender offer to repurchase notes issued under the Medium Term Note Programme of the bank for up to $200 million.

Credit: YES Bank

Godrej Industries

The chemical maker and holding company of the Godrej Group has invested ₹690 crore in its subsidiary Godrej Capital, where it holds 91.81 percent.

Credit: BCCL

Deepak Nitrite

A massive fire broke out in the chemical company's manufacturing facility in Nandesari GIDC in Vadodara.

Credit: BCCL

WardWizard Innovations & Mobility

Gujarat-based electric two-wheeler maker reported over three-fold jump on year in sales to 2,055 units in May.

Credit: BCCL

MTAR Technologies

The defence firm has said to acquire 100 percent stake in GEE PEE Aerospace & Defence for ₹8.82 crore.

Credit: BCCL

GR Infraprojects

The company subsidiary GR Madanapalli Pileru Highway Pvt Ltd has signed an agreement with the National Highways Authority of India (NHAI) for a road project worth ₹1,577 crore.

Credit: BCCL

Muthoot Finance

The company announced a partnership with Airtel Payments Bank to offer gold loans through the Airtel Thanks app.

Credit: BCCL

IPO watch

Speciality chemical manufacturer Aether Industries to make debut on exchanges today. Shares of the company are available at a premium of ₹15 in grey market.

Credit: BCCL

RIL, Maruti Suzuki, Tata Motors, Bajaj Auto among stock to watch out for on June 2