Stocks in News: These stocks including Patanjali Foods, Tata Motors, Maruti, RIL will show action today, keep an eye on intraday

Stocks in Focus Today :Today i.e. on 1st July 2024, some stocks (stocks in news) are ready to show action. Due to positive triggers, these stocks can remain in focus in the market today (stocks to watch). If you are looking for better stocks in intraday, then you can keep an eye on these (Stocks in Focus). Today’s list includes stocks like Patanjali Foods, Tata Motors, Maruti Suzuki, NTPC, RIL, Coal India, JSW Energy, L&T, ONGC, Bajaj Auto, CAMS, BLS International, Deepak Fertilizers, APL Apollo, KPI Green Energy, South Indian Bank, CSB Bank, Hero Motocorp, Nazara Tech, Tata Steel, TVS Motors, Zomato, NBCC (India), ITC.

Patanjali Foods

Baba Ramdev-led Patanjali Ayurveda has decided to sell its household and personal care business to the group’s listed company Patanjali Foods Limited for Rs 1100 crore. This acquisition will help edible oil company Patanjali Foods to become a big FMCG company. Patanjali Foods told the stock market that its board of directors has approved the acquisition of Patanjali Ayurveda’s entire non-food business i.e. hair and skin care, dental care and home use products.

Tata Motors

Tata Motors’ total domestic wholesale sales in June declined by 8 per cent year-on-year to 74,147 units. The company’s domestic wholesale sales stood at 80,383 units in June 2023. According to Tata Motors, sales of passenger vehicles, including electric vehicles, in the domestic market also declined by 8 per cent to 43,624 units in June, as against 47,359 units in the same month a year ago. Total commercial vehicle sales also declined by 8 per cent to 30,623 units last month.

Maruti Suzuki

Vehicle manufacturer Maruti Suzuki India’s total wholesale sales in June grew 12 per cent to 1,79,228 units. Maruti Suzuki India (MSI) said in a statement that the company’s wholesale sales in the same month last year were 1,59,418 units. According to the statement, total domestic passenger vehicle sales in June grew 3 per cent to 1,37,160 units as against 1,33,027 units in June 2023.

NTPC

Public sector company NTPC’s electricity generation grew 9.5 percent year-on-year to 113.87 billion units in the April-June quarter. The company said in a statement that the average capacity utilization (Plant Load Factor – PLF) in NTPC’s coal-based power plants was 79.5 percent. NTPC, which comes under the Ministry of Power, meets 25 percent of the country’s total electricity needs.

RIL

The country’s leading company Reliance Industries can increase its market capitalization by up to $100 billion in its fourth monetization round of this century. Morgan Stanley has made this estimate in a report. Reliance Industries, which is active in businesses ranging from oil to telecommunications, has given its shareholders two to three times the value in the monetization cycles conducted in the last three decades. During this period, the company’s market capitalization has increased by more than $60 billion in every decade.

Coal India

Coal production of state-owned Coal India Limited (CIL) grew by 8% to 189.3 million tonnes in the first quarter of the current financial year. Coal production of Coal India was 175.5 million tonnes in the same period of the previous financial year. All seven producing subsidiaries of the company, which has a share of more than 80% in the country’s total coal production, also achieved positive growth during this period and 5 of them exceeded their set targets.