Stocks Under Focus on Jul 4: HDFC Twins, JSW Steel, Muthoot Finance & More

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Stocks Under Focus on Jul 4: HDFC Twins, JSW Steel, Muthoot Finance & More
Credit: © Reuters.

By Malvika Gurung -- JSW Steel (NS: JSTL ): The steelmaker has set aside an amount of Rs 10,000 crore to reduce its carbon footprint, which will increase the use of renewable energy and replace thermal power.

HDFC (NS: HDFC ), HDFC Bank (NS: HDBK ): The mega-merger deal between the two financial giants has gotten a green signal from stock exchanges on July 2.

NTPC (NS: NTPC ): The power giant’s subsidiary NTPC Renewable Energy has signed an MoU with the Rajasthan government for developing 10 GW ultra mega renewable energy power parks.

NMDC (NS: NMDC ): The miner’s iron ore production has fallen about 14% last month at 2.57 MT, compared to 2.98 MT in June 2021.

Muthoot Finance (NS: MUTT ): RBI has granted permission to the gold loan NBFC for opening 150 new branches across the country.

Hindustan Zinc (NS: HZNC ): Its mined metal production in Q1 FY23 has surged 14% to 2.52 lakh tonnes due to an increased ore production majorly at the Sindesar Khurd, Rampura Agucha and Kayad mines, backed by better mill recovery.

Phoenix Mills: Rating agency CRISIL (NS: CRSL ) has revised its outlook on the company from ‘Stable’ to ‘Positive’, and held the long-term credit rating on its bank loan facilities of Rs 400 crore at A+.

National Fertilizers (NS: NAFT ): The company’s total fertilizer sale jumped 47% YoY in Q1 FY23 to 15.58 lakh million tonnes.

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