Glenmark Pharma, Eicher Motors, TVS Motors, and Other Stocks to Keep an Eye on Today

On July 1, the opening day of the new monthly F&O series, the market displayed a shrewd recovery from the day's bottom and concluded with modest losses, extending the decline for a second straight session. Following the imposition of a windfall gain tax on oil producers, oil & gas companies led the market lower, while investments in FMCG, IT, banking, and financial services sectors greatly reduced losses. The Nifty50 dropped 28 points to 15,752 while the BSE Sensex dropped 111 points to 52,908.

Hemisphere Properties India

On June 28 and 29, Tata Sons Pvt Ltd sold 59.85 lakh equity shares, or 2.1% of the firm, through open market transactions. As a result, Tata Sons' ownership of the business fell from 14.07 percent to 11.97 percent.

Glenmark Pharmaceuticals

After an inspection at the business' formulation manufacturing facility in Aurangabad, India, between June 27 and July 1, 2022, the USFDA issued Form 483 with one observation.

Hero MotoCorp

In June 2022, the top two-wheeler manufacturer sold 4.85 lakh bikes and scooters, up 3.3% over the 4.69 lakh units sold in the comparable month of the previous fiscal. It sold 13.90 lakh units for the quarter that ended in June 2022, a significant increase of 35.7% over the 10.25 lakh units sold during the same period the previous year.

CSB Bank

For the quarter that ended in June 2022, the private sector lender's gross advances increased by 16.16% year over year to Rs 16,332.8 crore, while total deposits increased by 8.65% to Rs 20,266.8 crore. In Q1FY23, advances against gold and gold jewelry climbed by 26.37 percent YoY to Rs 7,099.33 crore, or 43% of all loans.

Eicher Motors

With exports of 11,142 units that increased by 54% YoY, the firm sold 61,407 units of Royal Enfield in June 2022, a gain of 43% over the 43,048 units sold in the same month last year. Eicher sold 1,87,205 Royal Enfields during the quarter, a 51% increase over the 1,23,640 sold during the same period the year before.

Ashoka Buildcon

The joint venture led by Ashoka Buildcon won the contract to build and maintain the Rajiv Gandhi Fintech Digital Institute in Jodhpur as "the lowest bidder." The project will cost Rs 611 crore, and it will take 18 months to complete. The business owns 65 percent ownership in a joint venture with Cube Construction Engineering.

TVS Motor Company

With sales of 3,08,501 units in June 2022 compared to 2,51,886 units in June 2021, the company experienced growth of 22%. Sales of two-wheelers increased by 23% YoY to 2,93,715 units in June 2022. In June 2022, total exports increased by 8% YoY to 1,14,449 units.

Mahindra & Mahindra

The automaker sold 54,096 automobiles in June 2022, up 64 percent from the 32,964 sold in the same month the previous year. Exports for the month were 2,777 vehicles, up 7% YoY. In June 2022, it sold 41,848 tractors, a 13% decrease from the 48,222 units it sold in the same month the previous year.

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