Stocks to Watch Today, July 2: Corporate developments and quarterly business updates are expected to keep several stocks in focus on Tuesday, with banking companies reporting steady growth in deposits and advances, while retail firms posted strong revenue gains.
Investors will also monitor key corporate announcements, including major project wins, strategic partnerships, fundraising activities, expansion plans, regulatory approvals and business milestones across infrastructure, hospitality, telecom, pharmaceuticals and energy sectors.
Stocks in focus |
Why in focus |
| Punjab & Sind Bank | Business Growth Remains Strong |
| Indian Bank | Healthy Q1 Business Expansion |
| South Indian Bank | Advances Drive Quarterly Performance |
| V-Mart Retail | Revenue Growth Accelerates |
| NBCC | Wins Rs 105 Crore AP Bhawan Project |
| Tata Technologies | Expands USD 100 Million Tenneco Partnership |
| Coal India | Secures Rs 2,831 Crore Solar Order |
| JSW Infrastructure | Raises Rs 7,503 Crore Through QIP |
| Indian Hotels Company Limited | Plans Rs 7,500 Crore Capex |
| Lupin | USFDA Clears Somerset Facility |
| Bharti Airtel | Airtel Money Starts NBFC Operations |
| Sai Parenterals | Renews Australian Supply Agreement |
Business Growth Remains Strong
Q1 total business rose 15.3 per cent to Rs 2.67 lakh crore, while deposits increased 12.2 per cent to Rs 1.47 lakh crore, reflecting healthy business momentum.
Healthy Q1 Business Expansion
Total business grew 13.6 per cent to Rs 15.28 lakh crore. Deposits climbed 13.3 per cent to Rs 8.43 lakh crore, supported by steady customer growth.
Advances Drive Quarterly Performance
Gross advances surged 17 per cent to Rs 1.04 lakh crore, while deposits increased 11.4 per cent to Rs 1.25 lakh crore during the quarter.
Revenue Growth Accelerates
Q1 revenue jumped 23 per cent to Rs 1,089 crore, while same-store sales growth improved sharply to 9 per cent from 1 per cent a year ago.
NBCC
Secures Andhra Pradesh Bhawan Project
NBCC signed an MoU to construct the new Andhra Pradesh Bhawan in New Delhi, with the project valued at Rs 105 crore.
Expands Strategic Partnership
Tata Technologies expanded its partnership with Tenneco under a five-year engagement expected to attract investments worth USD 100 million.
Wins Major Solar EPC Order
Coal India secured a Rs 2,831 crore order to develop a 600 MW solar power project in Uttar Pradesh.
Raises Rs 7,503 Crore via QIP
JSW Infrastructure successfully raised Rs 7,503 crore through a Qualified Institutional Placement to support future expansion plans.
Indian Hotels Company Limited
Plans Large Capex Investment
IHCL plans capital expenditure of Rs 6,000-7,500 crore over the next five years to expand its hospitality portfolio.
Lupin
USFDA Clears Somerset Facility
Lupin received an EIR from the USFDA for its Somerset plant with a Voluntary Action Indicated (VAI) classification.
Airtel Money Begins NBFC Operations
Airtel Money has commenced commercial operations as a Type II non-deposit-taking NBFC, expanding its financial services business.
Australian Supply Pact Renewed
Sai Parenterals’ subsidiary, Noumed Pharmaceuticals, renewed its long-term exclusive OTC medicines supply agreement with a leading Australian pharmacy chain.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
