Key Stocks in Focus on Oct 4: Tata Steel, Adani Green, Vedanta & More

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Key Stocks in Focus on Oct 4: Tata Steel, Adani Green, Vedanta & More
Credit: © Reuters.

By Malvika Gurung -- Vedanta (NS: VDAN ): The mining company’s aluminium production at the Lanjigarh refinery fell 11% YoY to 4.54 lakh tonnes due to scheduled maintenance during the July-Sept period. 

HDFC (NS: HDFC ): Loans assigned by the largest mortgage lender in Q2 surged 28.2% YoY to Rs 9,145 crore. Further, all the loans were assigned to HDFC Bank (NS: HDBK ) during the quarter.

Tata Steel (NS: TISC ): After almost 3 months of being acquired by Tata Steel, subsidiary Neelachal Ispat Nigam has commenced operations. It was acquired by the leading steelmaker on July 4 for Rs 12,000 crore and has begun operations after remaining shut for nearly 2 years.

Britannia Industries (NS: BRIT ): The FMCG giant has acquired a 51% controlling stake in the Kenya-based Kenafric Biscuits for Rs 9.2 crore.

Avenue Supermarts (NS: AVEU ): The retail company’s standalone revenue jumped 35.8% YoY to Rs 10,385 crore in Q2 and has almost doubled compared to Q2 FY20.

Adani Green Energy (NS: ADNA ): The renewable energy company has formed 3 new subsidiary companies to ‘generate, develop, transform, distribute, transmit, sale, supply any kind of power or electrical energy using wind energy, solar energy or other renewable sources of energy’. 

Dr. Reddy’s Laboratories (NS: REDY ): State-owned insurance behemoth Life Insurance Corporation Of India (NS: LIFI ) has raised its stake in the pharma major to 7.7% from 5.65% by buying 33.86 lakh equity shares from Jun 15-Sept 30, 2022 through the open market.

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