Top 10 Stocks In Focus Today: HDFC Bank, M&M Financial Services, Bharti Airtel, Hindustan Zinc, L&T, HZL
On 3rd July, The BSE Sensex finished 34.73 points lower, settling at 79,441.45, while the NSE Nifty declined by 18.10 points to close at 24,123.85.
The day began on a promising note as both benchmark indices opened at record highs. The Sensex hit an intraday peak of 79,856, and the Nifty soared to a high of 24,236.
The performance of various sectors was mixed throughout the day. Notably, Nifty IT, Nifty Realty, Nifty Oil and Gas, and Nifty PSU Bank sectors saw gains.
Nifty IT stood out as the top performer, rising over 1 per cent during the session. In contrast, Nifty Healthcare and Nifty Auto sectors closed in the red.
Stocks to be in focus today, according to Zee Business Experts
HDFC Bank Stock: Shareholding data for the June quarter showed DIIS raised their stake in the private sector lender by 188 bps sequentially to 35.48 per cent while FIIs reduced their stake to 47.17 per cent from 47.83 per cent.
Worth Investment & Trading Co Stock: Company shares are slated to trade ex-stock split on July 3.
GPT Infraprojects Stock: Company shares are scheduled to trade ex-bonus in the ratio of 1:1 on Wednesday.
Dalmia Bharat Sugar and Industries Stock: Company shares are slated to trade ex-dividend on July 3.
Jyothy Labs Stock: Company shares are scheduled to trade ex-dividend on Wednesday.
Telecom Stocks: Bharti Airtel will be in focus as the recent tariff hikes by operators are set to take effect on Wednesday.
Mahindra & Mahindra Financial Services: Company registered a 3.0 per cent increase in its overall disbursements in June. Its disbursements have grown 5.0 per cent in the June quarter to Rs 12,730 crore.
Avenue Supermarts: Company registered 18.4 per cent year-on-year growth in its standalone income to Rs 13,712 crore for the June quarter.
HZL Stock: Company registered 2.0 per cent and 1.0 per cent growth in the production of mined metal and saleable metal in Q1.
Yes Bank: Yes Bank reported 15 per cent year-on-year growth in loans and advances for the first quarter ended June 2024.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)