Stock in focus today, July 5: HDFC Bank, Bajaj Auto, Raymond, VST Ind, RBL
Stocks to Watch on Friday, 5th July 2024: Indian domestic equity market benchmark indices may trade sideways without primary market triggers. At 07:50 am, the GIFT Nifty was down 26 points to 24352 levels as of now on Friday.
In the global markets, the Nikkei hit an all-time high with a climb over the 41,000-mark in day trade at 41,100. It was up 0.13 percent. Kospi, meanwhile, was up by 0.9 percent.
Wall Street was closed on Thursday.
below is the list of Stocks you should be paying heed to today, July 5, 2024
HDFC Bank: HDFC Bank’s gross advances were at Rs24.87 trillion as of June 30, compared with Rs25.08 trillion as of March 31, indicating a fall of 0.8% sequentially. Excluding the merger of erstwhile HDFC Ltd., advances were higher by 14.9% on a YoY basis.
As of June 30, the deposit book stood at Rs 23.79 trillion, registering no growth on a quarter-over-quarter basis. On a Y-o-Y growth rate, deposits reached 16.5%, excluding the effect of the merger.
Bajaj Auto is all set to be the first two-wheeler in the world to launch a CNG bike on Friday. The Pune-based company, part of the Baba Kalyani Group, has not yet declared the name for its new bike, although reports say that the upcoming bike from Bajaj is expected to be in the segment of 125 cc under the head of Freedom 125. The motorcycle will have garage flexible fuel options, likely with more than one switch for petrol and CNG.
Raymond: Textile central Raymond has said the company’s Board has approved the scheme of arrangement of Raymond Ltd, the demerged company, and Raymond Realty Ltd, the resulting company.
Shareholders at the company receive one share in Raymond Realty for every share in Raymond Ltd.
Besides, post the offer, shares of Raymond Realty Ltd would be listed separately on the BSE and the National Stock Exchange of India (NSE).
IDFC First Bank reported on Thursday that it raised ₹3,200 crore via a stake sale of over 396.8 million shares at ₹80.63 apiece to six insurance companies, including LIC, HDFC Life, Aditya Birla Sun Life Insurance Company, Bajaj Allianz Life Insurance Company, ICICI Lombard General Insurance Company, and SBI General Insurance Company.
RBL Bank: Deposits at RBL Bank rose by 18% YoY to Rs 1.01 trillion overall at the end of the quarter ending in June. Advances at the bank also increased by 18% to Rs 88,455 crore, supported by retail advances growing at 31% YoY. In contrast, on the other end, wholesale advances crept up marginally at 2% on a YoY basis.