Stocks to watch: NMDC, Maruti Suzuki, Tata Motors, Religare Entp, NTPC

Nifty futures on the Singapore Exchange traded 33 points down at fifteen,831 at eight.30 am, indicating a unfavorable commence for benchmark indices on Tuesday.

In this article are the major stocks to observe in present day session:

NMDC: The federal government will market about 7.forty nine per cent stake in NMDC Ltd via an give for sale (OFS) on Tuesday at a flooring price tag of Rs 165 just about every. The OFS also includes a greenshoe option to market an further 3.forty nine per cent shareholding of the community sector enterprise.

Tata Motors: The auto major mentioned it ideas to maximize prices of its passenger motor vehicle array because of to maximize in input prices. The auto major did not share details on the time frame of the intended price tag hike but famous that would come about “soon”.

Maruti Suzuki India: The auto organization mentioned its total creation very last month rose to 1,65,576 models as various states eased COVID similar restrictions. The organization had created a total of 40,924 models in May well this year.

Religare Enterprises: The company’s shareholders have approved a proposal for boosting Rs 570 crore by means of preferential issuance of shares to a clutch of investors, such as existing shareholders.

Tech Mahindra: IT major Tech Mahindra on Monday mentioned it has partnered with StaTwig, a Singapore and Hyderabad-centered digital supply chain option provider, to implement vaccine traceability system ‘VaccineLedger’ globally.

Raymond: CEO of its way of living company Joe Kuruvilla has determined to move down.

NTPC: Condition-owned NTPC on Monday mentioned its subsidiary NTPC Vidyut Vyapar Nigam Ltd (NVVN) has floated a tender for deployment of hydrogen gas cell buses in Delhi and Leh.

Piramal Enterprises: The board approved the allotment of 1,250 secured NCDs at problem price tag of Rs 10.01 lakh per debenture, aggregating to Rs 125.19 crore on personal placement basis.

SH Kelkar and Company: On a consolidated basis, the company’s profits in Q1FY22 stood at all over Rs 355 crore, and on the balance sheet front, its internet financial debt position stood at all over Rs 386 crore as of June 2021 compared to Rs 380 crore as of March 2021.

IOL Substances & Pharmaceuticals: Care has upgraded the credit score score by one notch for the banking facilities availed by the organization, to A+/Steady, from A/Steady.

Power Motors: The organization introduced creation of 1,757 models of commercial vehicles, utility vehicles and tractors in June 2021, and profits of 1,925 models in June 2021.

SpiceJet, IndiGo: The Civil Aviation Ministry has permitted domestic airways to operate at 65 per cent of their first pre-COVID stage capacity. The Centre on July five improved the seating capacity from the existing 50 per cent to 65 per cent.

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