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The following is a list of the top 10 shares that will be the focus today
Bank of Maharashtra: Bank Maharashtra, which is managed by the government on Monday, reported a leap more than doubled in net profit to ₹ 452 CRORE in the April-June quarter, assisted by healthy net interest income and improving the quality of assets. The lender has reported a net profit of ₹ 208 Crore independently in the same quarter in the 2022 fiscal year. Net interest income (NII) rose 20 percent to ₹ 1,686 crore compared to ₹ 1,406 crore in Q1 from FY22.
Heidelbergcement India: Heidelbergcement India on Monday reported a decrease The company has reported a net profit of ₹ 68.65 Crore in the April-June period last year, Heidelbergcement said in submitting BSE. However, income from operations increased 6.10 percent to ₹ 589.89 crore during the quarter reviewed from ₹ 555.94 Crore in last year’s period.
Reliance Industries: Arm Reliance Jio Infocomm has included ₹ 14,000 Crore as Earnest Money Deposit (EMD), more than half of the amount proposed by the bidder for the 5G spectrum auction, official data shows on Monday. The second highest amount of money as EMD has been included by Bharti Airtel Limited at ₹ 5,500 crore. The number of EMDs from Adani’s data network stands in ₹ 100 Crore, according to data released by the telecommunications department.
NTPC: Giant State-Owned Strength NTPC and Indian Oil have signed a pact to form a joint venture to meet the electricity requirements of the future oil department projects. NTPC and Oil India signed a joint venture agreement to meet the electricity requirements of the upcoming Indian oil refinery projects, a company statement said. Integrated with the aim of increasing the use and capacity of renewable energy sources in the country, companies managed by the government are working together to establish renewable energy -based power plants for Indian oil refineries, he said. Adani Enterprises: State -owned cil has canceled its first tender for short -term coal imports where Adani Enterprises has emerged as the lowest bidder, the source said on Monday. For a medium -term tender to find an additional 6 million tons (MT) of coal from abroad, PT Bara Daya Energy has quoted ₹ 2,000 per ton less than the tariff quoted by the Adani Group company. Coal India, in a council meeting held on July 8, decided to cancel a short -term tender of 2,416 million tons and PT Bara Daya Energy was asked to supply the number of indentations to the medium -term tender, the source said.
BANK INDUSIND: Bank Indusind’s private lender on Monday said his guide had approved a proposal to collect ₹ 20,000 crore in debt to fund business growth. The council approved collecting funds through debt securities in any mode that was permitted based on personal placement as possible, for the number of aggregates that did not exceed ₹ 20,000 crore.
Indian Oil: The company signs a joint agreement with state -owned NTPC to meet electricity requirements. In the future NTPC Green Energy Limited (NGEL), a subsidiary of the NTPC that is fully owned, will form a JV Company for electricity supply to Indian oil. Indian Oil said it plans to meet the additional power needs of its refineries using renewable energy at all 650 MW in December 2024 through this JV.
Mahindra and Mahindra: Mahindra & Mahindra on Monday said they had climbed their shares on the arm of the finland based in Finland Rosenlew OY to 100 percent with the acquisition of residual shares of more than ₹ 35 Crore. In submitting regulations, Mahindra & Mahindra (M&M) said that his party executed the agreement to purchase sports shares on Monday to acquire 1,317 equity shares from Sampo Rosenlew OY, in accordance with the implementation of the call option by other shampoo shareholders.
Yes Bank: yes the bank will invest up to ₹ 350 crore for a potential of 20 percent of shares in the JC Flowers asset reconstruction company, which has emerged as a basic bidder for bad loans of lenders worth ₹ 48,000 crore. The private sector lender plans to collect up to USD 1 billion in FY23 to increase the capital base, so the NPA Challenge is finished, the Implementing Director and Executive Chief Prashant Kumar told reporters here on Monday.
HCL Technologies: HCL Technologies has signed a multi-year contract with pharmacy and personal care companies based in the Netherlands DSM, Indian IT company said on Monday. As part of the agreement, HCL will help accelerate the transformation of Dutch Pharmacy Digital and personal care with cloud-first strategies, nimble delivery and the security of the next generation and network practice, HCL Technologies said without revealing the value of the agreement.
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