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News about stocks include NMDC, KPI Green, Indian Bank, Hero Moto, Tata Motors, Lupin, and Allied Blenders

News about stocks include NMDC, KPI Green, Indian Bank, Hero Moto, Tata Motors, Lupin, and Allied Blenders

By - 02 Jul 2024 06:01 PM

Before the opening bell on Tuesday, July 02, stocks like Allied Blenders, Lupin, Tata Motors, NMDC, Hero Moto, KPI Green, Indian Bank, Patanjali, and more could continue to be closely watched.Monday's trading session saw significant increases for Indian benchmark indices due to purchasing in IT and financial companies. The BSE Sensex finished at 79,476.19, up 443.46 points, or 0.56 percent. The Nifty50 index on the NSE increased by 131.55 points, or 0.55 percent, to end the day at 24,141.95. The following equities could continue to be watched closely before to Tuesday, July 02, 2024's opening bell:Allied Blenders and Distillers: After raising Rs 1,500 crore through an initial public offering (IPO) that was open for bids from June 25 to June 27, the alcohol manufacturer's shares will make their Dalal Street debut on Tuesday. The shares were sold by the corporation for between Rs 267 and Rs 281, each. As of right now, the stock's GMP was Rs 59 a share. Tata Motors: In June 2024, total domestic sales down 8% YoY to 74,147 units. Sales of commercial vehicles decreased 7% to 31,980 units, while sales of passenger vehicles decreased 8% to 43,524 units. In comparison to the same quarter last year, its overall sales increased 1.6% to 2,29,891 units in Q1 FY25.Hero MotoCorp: The biggest motorcycle and scooter manufacturer in the world sold 5,03,448 units in June 2024, a 15% increase over the same month the previous year.

The company sold 4,91,416 units in the home market, up 16% YoY, but exports dropped 15.5% YoY to 12,032 units in the same month.Maruti Suzuki India: In June 2024, the nation's biggest automaker manufactured 133,095 cars, a 2.94 percent decrease from 137,133 cars produced in the same month the previous year. TVS Motor: Sales of 3,33,646 units were recorded by the two-and three-wheeler manufacturer in June 2024, representing a 5% increase over the 3,16,411 units sold in the same month the previous year. In June 2024, sales of electric vehicles increased by 10% YoY to 15,859 units, while sales of two-wheelers increased by 6% YoY to 322,168 units overall. In June, total exports decreased 3.9% year over year to 76,074 units. Lupin: The pharmaceutical company has successfully transferred its Indian commercial generics business to Lupin Life Sciences, a subsidiary.

 

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