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Stocks to Watch for July 1: Auto stocks, Kotak Mahindra Bank, Prestige Estates, KPIT Tech and more
From KPIT Tech expecting its financial performance for the June quarter (Q1FY27) to fall short of earlier expectations to Kotak Mahindra Bank Ltd signing a business transfer agreement worth about ₹281.7 crore in cash to acquire Deutsche Bank AG’s retail banking, here are stocks to track ahead of Wednesday trading session.
Government lifts curbs on petrol, diesel sales at pumps as global oil prices fall
Fuel stations can now freely sell petrol and diesel to all customers. The government has removed restrictions on bulk buyers purchasing fuel at retail pumps, a move effective July 1. This decision follows a significant drop in global oil prices, which has drastically reduced the price difference between bulk and retail fuel rates. Previously, soaring oil prices had led to supply issues at petrol stations.
SBI Securities prefers HDFC Bank, sees long-term upside in metals
Sunny Agarwal, Head Fundamental Research, Retail Desk at SBI Securities, remains positive on private banks, preferring HDFC Bank over Kotak Mahindra Bank after the lender received a clean legal review. He says Persistent Systems' acquisition benefits may take up to eight quarters to materialise, while slower growth remains a near-term concern. Agarwal is also bullish on the metals sector, with Indian Metals & Ferro Alloys as his top pick, and remains positive on Astral over the long term despite near-term challenges.
Govt mobilises nearly ₹2,100 cr via share sale of state-owned IRFC
The government on Thursday said it has raised around Rs 2,100 crore from the share sale of state-owned Indian Railway Finance Corporation (IRFC). The OFS for IRFC closed with an enthusiastic response from the retail investors, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X. "Combined with the institutional investors, 22.88 crore shares were sold to the minority shareholders over the two trading days for an estimated amount of Rs 2,084 crore. We thank all investors for their participation and for reposing their faith in us," he said. The government decided to exercise the green shoe option on Wednesday, allowing 2 per cent stake dilution in the public sector undertaking (PSU) of the Railway Ministry. The Department had fixed a floor price of Rs 91 per share, at a discount of 7.8 per cent over Tuesday's closing price of IRFC shares on the BSE. Shares of IRFC closed 0.8 per cent lower at Rs 91.78 on the BSE on Thursday. Prio
A Decade Of Growth: Trent's Valuation Swells Nearly 50x To Rs 1.73 Lakh Crore Under Noel Tata
Noel Tata's legacy is cemented as one of the architects in modern Indian retail.
Trent Story: How Noel Tata Turned A Single Westside Store Into A Multi-Brand Retail Giant | Story In Infographics
Even as Noel Tata prepares to step away, Trent's growth ambitions remain intact. The company believes Westside can eventually expand to 700 stores, while Zudio has the potential to scale to 5,000 outlets across India.
IRFC shares fall 2% as OFS worth Rs 2,212 crore opens for retail investors today. Here's all you need to know
Indian Railway Finance Corporation (IRFC) shares dipped as the government initiated an Offer for Sale (OFS), aiming to divest nearly 2% stake. The OFS, priced at a slight discount, saw strong institutional investor interest, leading to the exercise of the greenshoe option. Retail investors and employees can now participate in the sale, which aims to raise over Rs 2,212 crore.
IRFC OFS opens for retail investors today — All you need to know
The government's divestment drive continues to gain momentum as the IRFC stake sale comes after the recent OFS' in Coal India, Central Bank of India, NLC India, NHPC and General Insurance Corporation of India (GIC).
From Westside To Zudio: A Look At Noel Tata's Retail Playbook As He Preps For Trent Exit
From scaling Westside to building Zudio into a retail giant, Noel Tata's Trent legacy spans nearly three decades.
How Trent became an investor darling under Noel Tata
Under Noel Tata's leadership, Trent transformed from a single-store retailer into one of India's most valuable retail companies. The journey saw the Tata Group firm expand across formats, deliver consistent growth and emerge as a favourite among investors.
5 stocks bought by FIIs, MFs and retail investors rally up to 60% in 6 months
Around 22 stocks with a market capitalisation above Rs 3,000 crore saw a rare alignment, with FIIs, mutual funds and retail investors all increasing their stakes compared with the previous quarter.
Trent chair Noel Tata set to retire, leaving behind retail powerhouse
Tata has been associated with Trent since 1998. He took over as managing director in 1999 and led the company for over 11 years, helping expand Westside from a single store into a national retail chain built around private labels and an own-brand retail model.