Stocks to Watch: HDFC Bank, Raymond, Ahluwalia Contracts, Go Digit & More on July 5

For the first quarter of FY 2024–2025, HDFC Bank published financial measures that showed a notable increase. The bank’s deposits increased by 24.4% YoY to ₹23.79 lakh crore, while its gross advances increased by 52.6% YoY to ₹24.87 lakh crore. The gross advances increased by 14.9% from June 30, 2023, excluding the impact of the merger with HDFC Limited on July 1, 2023. From the ₹25.08 trillion recorded on March 31, 2024, this is a small decrease.

Raymond Realty Limited (RRL), a wholly owned subsidiary of Raymond, has announced the vertical demerger of its real estate business as part of a strategic restructuring. Pending regulatory permissions, Raymond and Raymond Realty will function as distinct listed companies within the Raymond Group after the demerger.

The Directorate General of GST Intelligence (DGGI) in Bengaluru looked into Go Digit General Insurance after learning about the company’s dealings with a vendor who wasn’t present at its registered address. The corporation announced this development in an exchange filing.

The Airports Authority of India (AAI) awarded Ahluwalia Contracts a major contract for ₹572 crore for the construction of a new terminal building and external improvements at Darbhanga Airport in Bihar. An EPC (engineering, procurement, and construction) methodology will be used to carry out the project.

Mahindra Lifespaces has been selected as the chosen partner to revamp seven residential societies valued at an estimated ₹1,800 crore in Borivali West, Mumbai.

Other Stocks to Monitor on July 5, 2024

The world’s first CNG motorcycle, probably called the Freedom 125, is about to be released by Bajaj Auto. It will have separate switches for CNG and gasoline and flexible fuel options. On Friday, the bike is anticipated to be unveiled by the firm.

By selling more than 396.8 million shares to six insurance companies, including LIC, HDFC Life, and others, at a price of ₹80.63 a share, IDFC First Bank was able to raise ₹3,200 crore.

For the June quarter, RBL Bank recorded an 18% YoY rise in total deposits, which came to ₹1.01 trillion. Advances also increased by 18% YoY to ₹88,455 crore. YoY, advances at retail climbed by 31%, while advances at wholesale increased by 2%.

In order to grow its business globally, Nazara Technologies established a wholly-owned subsidiary in Delaware, USA called Nazara US Inc.

Radhakishan Damani increased his ownership of VST Industries from 1.95% at the end of the March FY24 to 3.47% at the conclusion of the June quarter.

The board of BGR Energy authorized a rights offer to raise ₹1,000 crore by issuing equity shares.

The Bhabha Atomic Research Centre awarded a contract to Krsnaa Diagnostics for radiology tele-reporting services at BARC Hospital in Mumbai.

Global markets saw a 0.9% increase in the Kospi and an all-time high of 41,100 for the Nikkei. Wall Street was closed on Thursday, and markets in China and Australia were down.

The main indices for Indian equities are anticipated to consolidate on Friday because there aren’t any major factors that could move the market. GIFT Nifty was down 26 points at 24,352 levels at 7:50 AM.

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