Stocks in Focus on Jul 19: M&M, NTPC, HUL, Ambuja Cements, Tube Investments & More

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Stocks in Focus on Jul 19: M&M, NTPC, HUL, Ambuja Cements, Tube Investments & More
Credit: © Reuters.

By Malvika Gurung -- Mahindra & Mahindra (NS: MAHM ): The auto manufacturer has raised its stake in the Finnish arm Sampo Rosenlew Oy from 79.13% to 100% by acquiring 1,317 equity shares for over Rs 35 crore.

Reliance Industries (NS: RELI ): The conglomerate’s telecom arm Reliance Jio has deposited Rs 14,000 crore in the bid for the 5G spectrum, contributing to over half of the earnest money deposited by bidders. Bharti Airtel (NS: BRTI ) has put in Rs 5,500 crore, Vi Rs 2,200 crore and Adani (NS: APSE ) Data Networks the lowest at Rs 100 crore.

NTPC (NS: NTPC ), Indian Oil (NS: IOC ): The power giant has signed an agreement of joint venture with Indian Oil to meet the oil major’s electricity requirements for upcoming projects.

IndusInd Bank (NS: INBK ): The private lender’s board has approved raising Rs 20,000 crore in debt to fund business growth.

Jubilant Foodworks (NS: JUBI ): Subsidiary Jubilant Foodworks Netherlands BV has added a stake in DPEU by 2.06% to 44.75%.

Tube Investments (NS: CHOL ) of India: The engineering company plans to acquire an equity stake of about 65% in the electric heavy commercial vehicle company lPLTech Electric through its subsidiary Tl Clean Mobility.

Companies including Hindustan Unilever (NS: HLL ), Ambuja Cements (NS: ABUJ ), HDFC Life Insurance Company (NS: HDFL ), L&T Finance Holdings (NS: LTFH ), DCM Shriram (NS: DCMS ), and Rallis India (NS: RALL ), among others, will release their June 2022 earnings results on Tuesday.

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