STOCKS TO WATCH TODAY: TATA STEEL, VEDANTA, BAJAJ FINANCE, GE T&D INDIA, L&T FINANCE, BRIGADE AND MORE

Stocks to Watch on July 04, 2024: Equity benchmark indices gained on Tuesday with the Sensex breaching the historic 80,000-mark for the first time ever and the Nifty hitting its fresh lifetime high, amid heavy buying in bank stocks and firm global market trends.

The 30-share BSE Sensex hit a new lifetime high of 80,074.30. It closed with a solid gain of 545.35 points or 0.69 per cent at 79,986.80. The NSE Nifty too hit a fresh record peak of 24,309.15 during today's session. The index closed 162.65 points or 0.67 per cent higher at 24,286.50.

Meanwhile, GIFT Nifty on Thursday, at 8 AM, was trading in the green at 24,454.50, indicating that benchmark NSE Nifty50 may see a positive start.

Ex-Dividend Stocks Today

Tata Power, SKF India, Solar Industries India, Tide Water Oil, Balaji Amines will turn ex-dividend today.

Stocks in News, Shares in Focus

Bajaj Finance

Bajaj Finance reported new loans grew by 10% year-on-year to 10.97 million, AUM grew by 31% year-on-year to Rs 3.54 lakh crore, and deposit book at up 26% year-on-year at 62,750 crore for the end of Q1 FY25.

Bandhan Bank

Bandhan Bank reported loans and advances up 21.8% year-on-year at Rs 1.03 lakh crore, deposits at up 22.8% year-on-year at Rs 1.08 lakh crore, while CASA ratio was at 36.0% vs 37.1% QoQ for the end of Q1 FY25

Vedanta

Vedanta Ltd on Wednesday reported a rise in production of aluminium, zinc, iron ore and steel in the June quarter. However, the production of mined metal at overseas and oil and gas dropped during the quarter.

Suryoday Small Finance Bank

Suryoday Small Finance Bank Ltd.'s gross advances rose 42% year-on-year to Rs 9,037 crore in the quarter-ended June. Deposits rose 42% to Rs 8,137 crore over a year ago, the bank said in its provisional quarterly business updates on Wednesday.

Tata Steel

The National Company Law Tribunal (NCLT), Mumbai Bench, has approved the merger of Angul Energy with Tata Steel.

GE T&D India

GE T&D India Ltd. on Wednesday announced that the company has received a 64-million euro order from France's Grid Solutions for supply of high-voltage products.

L&T Finance

L&T Finance's retail disbursements were up 33% to Rs 14,830 crore for the first quarter, while realizations stood at 95%.

Brigade Enterprises

Brigade Enterprises has signed a joint development agreement for a residential project spread across 8 acres in Bengaluru.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

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