Stocks Under Focus on Jul 25: Vodafone Idea, GAIL, Axis Bank, Tata Steel & More

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Stocks Under Focus on Jul 25: Vodafone Idea, GAIL, Axis Bank, Tata Steel & More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- ONGC (NS: ONGC ): The PSU major has signed sale agreements with GAIL (NS: GAIL ) and Assam Gas Company for monetizing its Khubal field in the North Tripura district.

GAIL (NS: GAIL ): India’s largest natural gas company will consider issuing bonus shares at its board meeting on July 27.

Vodafone Idea (NS: VODA ): The beleaguered telco will raise Rs 436.2 crore from its UK promoter Vodafone Group (LON: VOD ) by issuing convertible warrants. Further, its CFO Akshaya Moondra has been appointed as the new CEO, commencing role on Aug 19, 2022.

HDFC (NS: HDFC ): The mortgage lender expects to raise up to Rs 11,000 crore via bond issuance on a private placement basis. The secured redeemable NCDs have a base issue size of Rs 4,000 crore.

Bharat Electronics (NS: BAJE ): The Navratna stock has signed a contract worth Rs 250 crore with the Ministry of Defence.

Union Bank of India (NS: UNBK ): The state-owned lender will raise Rs 1,320 crore in the week via bonds issuance on a private placement basis.

Parag Milk Foods (NS: PAMF ): 13.25 lakh equity shares or a 1.39% stake of the cheese producer have been sold by investor Blue Daimond Properties from July 13-19 through open market transactions, reducing holding from 6.3% to 4.91%.

Companies including Tata Steel (NS: TISC ), Axis Bank (NS: AXBK ), Tech Mahindra (NS: TEML ), KPIT Technologies (NS: KPIE ), Canara Bank (NS: CNBK ), and Indian Energy Exchange (NS: IIAN ), among others, will release their June quarterly earnings results on Monday.

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