Stocks To Watch Today: M&M, Infosys, HDFC Bank, Hindustan Zinc, NTPC, Garden Reach Shipbuilders
CG Power, Bikaji Foods International, Hyundai Motors, Afcons Infrastructure, Hindustan Copper and Lupin are among the stocks that are set to see action going into trade on Monday.
Mahindra and Mahindra Ltd., HDFC Bank Ltd., Infosys Ltd., Hindustan Zinc Ltd., Multi Commodity Exchange Ltd. are among the stocks that are set to see action going into trade on Monday.
Mahindra and Mahindra: The company total production in May increased by 27.6% year-over-year, reaching 89,626 units compared to 70,261 units in the same period last year. Total sales for M&M also saw a rise of 16.6% year-over-year, with 80,458 units sold compared to 69,011 units previously. Furthermore, M&M's total exports in May significantly grew by 36.7% year-over-year, from 2,671 units to 3,652 units.
Infosys: The Director General of GST Intelligence has closed pre-show cause notice proceedings against Infosys for financial years 2018-19 to 2021-22, involving a GST amount of Rs 32,403 crore.
HDFC Bank: HDFC Bank states that the bank and its CEO are being targeted by a family trying to avoid repaying a long-overdue loan of around Rs 65.22 crore from Splendour Gems Ltd., which defaulted in 2001. The bank asserts that the allegations by the Mehta family, including a recent complaint through Lilavati Hospital trust, are false, malicious, and a misuse of legal process to obstruct recovery. HDFC Bank maintains its commitment to ethical conduct and will continue to pursue all legal remedies for recovery and to defend its reputation.
Garden Reach Shipbuilders: The company signed an MoU with Sweden-based Berg Propulsion for supply of marine propulsion systems, and with Denmark-based SunStone for partnership in areas of expedition cruise vessels.
NTPC: The company's arm commenced commercial operations of Part I of the Khavda-I solar PV project.
CG Power: The company clarified on reports citing company’s chip plans rocked by turmoil at wafer company Wolfspeed. The company said that the media report is not based on any official statement from Renesas and contains several inaccuracies.
Hindustan Zinc: The board will consider its first interim dividend for financial year 2026 on June 11.
MCX: The company received approval from SEBI to launch Electricity Derivatives.
Bikaji Foods International: NCLT approved the scheme of amalgamation of Vindhyawasini Sales with the company.
Hyundai Motor India: The company released Rs 16 crore as the 1st tranche towards the subscription of 23.6 lakh shares of FPEL TN Wind Farm.
Afcons Infrastructure: The company received a letter of award for Rs 700 crore order from Reliance Industries for construction works of vinyl projects at Dahej, Gujarat.
Hindustan Copper: The company signed an MoU with Rites to secure supply chain of metals and minerals, including critical minerals.
Lupin: The drug-market received a tentative nod from the USFDA for Oxcarbazepine Extended-Release Tablets, which will be manufactured at Lupin’s Nagpur facility in India. Oxcarbazepine ER Tablets are used to treat partial onset seizures in patients 6 years of age and older.
