Top 10 stocks for today

6 Jul 2022 , 08:18 AM

Here are the top 10 stocks that have major news in them and the potential to move the markets:

1. Tata Consultancy Service:

Outokumpu, a manufacturer of stainless steel in Finland, has chosen the IT giant to revamp its IT infrastructure and replace it with an agile and secure cloud-based digital core that will support the company’s strategic goals and cut carbon emissions.

1. Adani Ports and Special Economic Zone:

This month, the company owned by the Adani group will ask shareholders for approval to re-appoint Gautam S. Adani as its managing director. Additionally, it will ask shareholders for their consent to re-appoint Karan Adani as a full-time Director for a term of five years beginning on May 24, 2022.

1. HDFC:

The mortgage lender announced a partnership with Salesforce to support the business’s growth objectives. In order to quickly integrate backend and frontend platforms, including Salesforce, HDFC set out to create the next generation of integration infrastructure.

1. Tata Steel:

The steel producer reported that during the April—June quarter of the current fiscal year, its combined steel output remained constant at 7.66 million tonnes (MT). 7.65 MT of steel was produced by the company during the same quarter of the prior fiscal.

1. NTPC:

The state-owned energy firm reported that its output of coal increased by 61% to 42.40 lakh metric tonnes (MT) in the April—June quarter from 26.40 lakh MT in the same period last year.

1. Adani Transmission:

The power transmission division stated that in order to proceed with related-party transactions of up to Rs10,600 crore in 2022—2023, it will ask shareholders for their consent. According to the notice of the company’s AGM scheduled for July 27, three motions are included on the agenda regarding related party transactions period 2022—2023.

1. Biocon:

The subsidiary of the pharmaceutical company, Biocon Biologics, announced that Ireland’s Health Products Regulatory Authority has granted EU GMP accreditation to its Bengaluru-based production facility. The new monoclonal antibodies (mAbs) drug material manufacturing facility for the company (B3) in Bengaluru’s Biocon Park.

1. Yes Bank:

According to the private lender, loans and advances totalled Rs1,86,598 crore at the end of June 2022, up 14% from Rs1,63,654 crore at the end of June 2021. By June 30, 2021, gross retail disbursements had more than doubled to Rs11,431 crore from Rs5,006 crore.

1. Marico:

The FMCG giant revealed a volume loss “in the mid-single digits” in its India operations as “tepid demand” persisted and rising retail inflation put pressure on consumers’ wallets.

1. RBL Bank:

The private sector lender said that as of the end of Q1FY23, its total deposits increased by 6% year over year to Rs79,217 crore. The number of gross advances increased by 7% to Rs62,095 crore. According to the report, the bank’s asset quality metrics for the portfolio continued to improve in Q1 FY23, keeping up with the upward trend of recent quarters.