Stocks in News: These stocks including Tata Motors, SBI, LIC, Sula Vineyards will remain in focus, action will be seen today

Stocks in Focus Today : Today i.e. on 11th 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 Tata Motors, M&M, Power Grid, Aarti Industries, Zydus Lifesciences, LIC, Sula Vineyards, SBI, IRB Infra, Asian Paints, IRCTC, Bajaj Healthcare, Yes Bank, Shalby, Glenmark Pharma, Tata Elxsi, Rallis India, L&T, Kesoram Industries.

Tata Motors, M&M

Tata Motors and Mahindra & Mahindra have cut the prices of their sports utility vehicles (SUVs). These companies have taken this step in an effort to increase the sales of SUVs. Tata Motors has changed the starting prices of its flagship SUVs Harrier (Rs 14.99 lakh) and Safari (Rs 15.49 lakh). Other popular SUV models have been cut by up to Rs 1.4 lakh. Mahindra & Mahindra’s XUV700 AX7 equipped with all the features will now have a starting price of Rs 19.49 lakh. It has been cut by more than Rs 2 lakh.

Power Grid

The company has approved borrowing funds up to Rs 16,000 crore during FY25-26 through domestic bonds. These bonds can be secured, unsecured, non-convertible, non-cumulative, redeemable, taxable or tax-free bonds under private placement.

Zydus Lifesciences

The company and its subsidiaries received final approval from the USFDA to market Sacubitril and Valsartan tablets. This combination drug treats chronic heart failure in adults, reducing the risk of death and hospitalization. The tablets will be manufactured in Ahmedabad, India.

LIC

The Life Insurance Corporation has filed an appeal against the Assam State Tax order demanding GST of Rs 17.53 crore, interest of Rs 17.61 crore and penalty of Rs 1.75 crore for the financial year 2018-19.

Sula Vineyards

Sula Vineyards announced its highest ever June quarter revenue. Its own brand revenue was Rs 104.4 crore, wine tourism Rs 113 crore and overall net revenue was Rs 129.6 crore.

SBI

The country’s largest lender SBI has raised Rs 10,000 crore by issuing its sixth infrastructure bond at a coupon rate of 7.36 percent. This fund will be used for long term financing for infrastructure and affordable housing.

IRCTC

The company, DMRC and CRIS have signed an agreement to promote ‘One India – One Ticket’ initiative to improve the travel experience for mainline railway and metro passengers in the Delhi NCR region.

IRB Infrastructure

IRB Infra and IRB Infrastructure Trust reported a 35 per cent growth in toll revenue to Rs 517 crore for June 2024. In Q1FY25, their combined toll revenue grew to Rs 1556 crore, up 32 per cent from Rs 1183 crore in Q1FY24.