🇮🇳 India Daybook ~ Stocks in News
Published: 2025-07-02 08:15 IST | Category: Markets | Author: Abhi
The Indian stock market witnessed a range-bound session on Tuesday, with the Nifty 50 closing 0.10% higher at 25,541.80 and the Sensex gaining 0.11% to settle at 83,697.29. Foreign and domestic institutional investors were net sellers on Tuesday. As of July 2, Gift Nifty indicates a mildly positive start for the Indian benchmark index.
Positive Buzz
- HDB Financial Services is set to debut its shares on Wednesday at an issue price of Rs 740 apiece. The Rs 12,500 crore IPO was subscribed 16.69 times.
- Sambhv Steel Tubes will also see its shares debut on Wednesday at an issue price of Rs 82 apiece, following a subscription rate of 6.02 times for its Rs 540 crore IPO.
- Hyundai Motor India reported June passenger vehicle sales of 60,924 units, surpassing estimates of 59,400 units, with exports rising to 16,900 units.
- CreditAccess Grameen successfully raised Rs 2,570.1 crore during the June quarter through various financing avenues.
- Dynamic Cables received approval to increase its authorized share capital from Rs 25 crore to Rs 50 crore.
- Rainbow Children's Medicare acquired a 76% equity stake and 100% preference shares in Prashanthi Medicare.
- Nazara Technologies saw AFK Gaming become a wholly-owned subsidiary of Nodwin, a step-down subsidiary of Nazara Technologies.
- MOIL increased the prices of most manganese ore grades and all chemical grades by 2% as of July 1, 2025.
- Satin Creditcare secured an IVR A/Stable rating from Infomerics Ratings for its proposed Rs 750 crore Non-Convertible Debentures (NCDs), indicating low credit risk, and approved the issuance of NCDs worth Rs 44.1 crore.
- REC incorporated SR WR Power Transmission as a wholly-owned subsidiary to enhance inter-regional grid connectivity.
- Bajaj Hindusthan Sugar received Rs 631 crore from Lalitpur Power Generation Company via a buyback.
- Zaggle Prepaid Ocean Services signed a five-year agreement with DTDC Express to provide Zaggle Zoyer and Zaggle Save solutions.
- Zen Technologies acquired a 76% stake in TISA Aerospace Private Limited, making it a subsidiary.
- Ceigall India secured an order worth Rs 1,199 crore from NHAI.
- JSW Energy's subsidiary, JSW Renew Energy, signed a purchase pact for a 250 MW/500 MWh battery energy storage system with Rajasthan Vidyut Utpadan Nigam.
- India Pesticides commissioned an expansion of its formulation plant, boosting capacity by 3,500 MTPA.
- NIBE received a purchase order for Rs 22.7 crore for turret structure assemblies, to be delivered by June 28, 2026.
- PDS entered a share subscription agreement to acquire a 60% equity stake in GSC Link.
- South Indian Bank reported an 8% year-on-year increase in gross advances to Rs 89,201 crore and a 9% rise in deposits to Rs 1.12 lakh crore in June.
- One Point One Solutions achieved CMMI V3.0 Maturity Level 3 certification for both development and services.
- Royal Orchid Hotels saw its promoters acquire 5,183 shares worth Rs 19.98 lakh from the market.
- AstraZeneca Pharma received approval from the Central Drugs Control Organisation to import durvalumab solution for endometrial cancer treatment.
- Lupin secured USFDA approval for its abbreviated new drug application (ANDA) for loteprednol etabonate ophthalmic gel.
- JM Financial acquired the remaining 2.98% stake in its material subsidiary, JM Financial Credit Solutions Ltd (JMFCSL), making it a wholly-owned subsidiary.
- Hero MotoCorp reported a 10% year-on-year increase in total sales for June.
- KSB received a new order from L&T.
- Gabriel India's shares surged to a new all-time high on July 1, hitting the 20% upper circuit following a comprehensive scheme of arrangement announcement.
Neutral Developments
- Godrej Properties announced the sale of a 2.5% stake in Vivrut Developers Private Limited (VDPL) to Godrej Ventures and Investment Advisers Private for Rs 8.63 crore, a related party transaction.
- D.P. Abhushan allotted 1.6 lakh equity shares at Rs 10 each to warrant holders who converted their preferential warrants on July 1, 2025.
- V-Mart Retail reported a 13% year-on-year increase in total revenue to Rs 885 crore in the first quarter, though same-store sales growth was 1%. The company opened 15 new stores and closed two.
- Maruti Suzuki's total sales declined by 6% year-on-year to 1.68 lakh units in June, though this was near the estimated 1.675 lakh units. Domestic sales decreased by 12%, while exports grew by 22%.
- Oberoi Realty Ltd. is scheduled to hold its Annual Shareholders Meeting on July 2.
Negative News
- Dreamfolks closed certain programs for Axis Bank and ICICI Bank as of July 1, 2025, which could have a material impact on the company.
- Avenue Supermarts received a penalty of Rs 10 lakh from the Commission of Air Quality Management.
- SBI Cards received a show cause notice from CGST Gurugram proposing to disallow input tax credit (ITC) aggregating to Rs 81.93 crore.
TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex
Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex