Stocks To Watch: TCS, Adani Group, HDFC, Tata Motors, REC, Bank of Baroda
A man looks at a screen displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. (Photo: Bloomberg)

Stocks To Watch: TCS, Adani Group, HDFC, Tata Motors, REC, Bank of Baroda

Indian stock benchmarks closed a volatile session in the green as investors shrugged weak global cues and shifted focus to the upcoming earnings season. The S&P BSE Sensex gained 0.4% to 53,054.76, recovering from a 0.2% intraday loss. The NSE Nifty 50 too rose 0.4% to 15,879.65.

Here are the stocks to watch in trade today:

  • Adani group stocks: Gautam Adani is seeking a loan of about Rs 7,500 crore ($1 billion) to refinance existing debt of Mumbai International Airport Ltd, according to a Bloomberg report. Barclays Plc and JPMorgan Chase & Co. are among banks in discussions to provide the funds to Adani Airport Holdings Ltd. Deutsche Bank AG is also in talks to help with the financing. MIAL has a debt of about Rs 8,000 crore.

  • Bajaj Healthcare: Received a licence from Defence Research and Development Organisation to manufacture and market 2-Deoxy-D-Glucose, used in treatment of Covid-19, in the domestic market.

  • RBI has penalised 14 banks for contravening provisions related to bank lending to non-bank finance companies and maintaining data on large exposures. Penalties worth Rs 14.5 crore was levied on banks. Bank of Baroda was levied a penalty of Rs 2 crore. State Bank of India was fined Rs 50 lakh. Karnataka Bank, Bank of Maharashtra, Central Bank of India, Indian Bank, IndusInd Bank, Bandhan Bank, Karur Vysya Bank, Punjab and Sind Bank, South Indian Bank and The Jammu & Kashmir Bank were asked to pay Rs 1 crore as fine. Penalties levied after a scrutiny of accounts of a group was carried out by RBI.

  • Tata Motors: Doing everything to mitigate chip shortage issue, said Adrian Mardell, CFO, Jaguar Land Rover. Taken strong steps to streamline our supply chain and are in touch with the chip suppliers to gain visibility. Not expecting launches to be delayed because of the chip issue, he said. JLR’s total inventory is at 74,000 units at the end of June.

  • REC: Raised US$400 million by issuing bonds to finance the power sector. The bonds have been issued under the company’s USD 7 Billion Global Medium Term Note Programme. The notes will mature on January 13, 2027, and all principal and interest payments will be made in U.S. Dollars. The settlement date for the Notes is expected to be 13 July.

  • HDFC: Sold 2.46% stake in Hindustan Oil Exploration Company for Rs 37.19 crore. The company sold 32.53 lakh shares between September 2017 and July 7, 2021.

  • PNB Housing Finance: Received a letter from Punjab National Bank asking it to consider restructuring its fund-raising plans. PNB sent a letter to PNB Housing on July 4. After obtaining legal opinion, PNB board is of the opinion that the housing finance company should take cognisance of the SEBI letter and consider restructuring the contours of the fund-raising plan. PNB Housing board, after meeting on July 5 and 6, has decided to wait for SAT order on July 12, before further action.

  • Hindustan Construction Company: Default in loans including revolving facilities like cash credit from banks and financial institutions as on June 30 stands at Rs 2,059.85 crore. Total financial indebtedness at Rs 9,893.22 crore.

  • Kalyan Jewellers: Overall revenue for the June quarter was 55% of Q1FY20, the company said. A significant portion of the revenue for Q1FY22 was booked during the month of April. It also opened 9 showrooms in India in April, taking the total number of showrooms in India to 116. As of June 30, 92% of the company's showrooms in India were operational.

  • Earnings: TCS, Shyam Metalics and Energy

Pledge Share Details

  • Aurobindo Pharma: Promoter group (Axis Clinicals, Trident Chemphar and RPR Sons Advisors) created a pledge of 20 lakh shares on July 5. Promoters (RPR Sons Advisors, P Suneela Rani and K Reddy) revoked pledge of 35 lakh shares on July 5.

  • Gayatri Projects: Promoter T Indira Reddy invoked pledge of 22 lakh shares on July 5.

    As reported on July 7.

Bulk Deals

HG Infra Engineering: Employees Retirement System of Texas - Self Managed Portfolio bought 4.26 lakh shares (0.65%) at Rs 472.23 per share.

Dhani Services: Tamarind Capital Pte sold 69 lakh shares (1.13%) at Rs 182.85 per share.

Ujjivan Financial Services: Aberdeen Global Asian Smaller Companies Fund sold 10.05 lakh shares (0.83%) at Rs 203.83 per share.

Who’s Meeting Whom

  • Paisalo Digital: To meet Dalal and Broacha Stock Broking on July 8.

  • Somany Home Innovation: To meet MK Ventures and Dimensional Securities on July 8.

Trading Tweaks

  • Ex-Date AGM: Wipro, Shanthi Gears

  • Ex-Date Dividend: Maharashtra Scooters, Bajaj Finserv, Bajaj Auto, Bajaj Holdings & Investment, Jindal Saw

  • Ex-Date Final Dividend: Bajaj Finance, Crompton Greaves Consumer Electricals, DCM Shriram, Fineotex Chemical, HPCL, Indian Bank, L&T Technology Services

  • Record Date Dividend: Kalpataru Power Transmission, Ultramarine & Pigments

  • Price Band Revised From 10% To 5%: Olectra Greentech, Rajratan Global Wire, Sharda Motor Industries

  • Price Band Revised From 20% To 10%: VLS Finance

  • Move Into Short-Term ASM Framework: Jain Irrigation Systems

  • Move Into ASM Framework: Gokaldas Exports, PNB Gilts, Hexa Tradex

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