These 5 large caps are in the news on July 4!

On Monday these are the 5 large caps are in the news. Let us see why!

HDFC Bank and HDFC Ltd: The proposal for the merger of both entities have received approval from both the stock exchanges without any objection. HDFC Limited has received an observation letter with ‘no adverse observations’ from BSE Limited and an observation letter with ‘no objection’ from the National Stock Exchange of India Limited, both dated July 2, 2022. Today at 10:45 am, the scrip of HDFC Bank is trading at Rs 1345.70, a decrease of 0.59%, and the scrip of HDFC is trading at Rs 2190.15 a decrease of 0.93%

NTPC Ltd: The company announced successful commissioning for the last part capacity of 20 MW out of 100 MW Ramagundam Floating Solar PV Project at Ramagundam, Telangana. With this, the standalone installed and commercial capacity of NTPC has become 54769.20 MW, while the group installed and commercial capacity of NTPC has become 69134.20 MW. Today at 10:45 am, the scrip is trading at Rs 141.10, an increase of 0.39%.

Avenue Supermarket Ltd: The Company reported Standalone Revenue from operations for the quarter ended (QE) June 30, 2022, which stood at Rs 9,806.89 crore as against Rs 5,031.75 crore which was reported for the same quarter last year. The total number of stores as of June 30, 2022 stood at 294. Today at 10:45 am, the scrip is trading at Rs 3503.95, an increase of 3.46%.

Kotak Mahindra Bank Ltd: Kotak Mahindra Bank (KMBL) has signed a Memorandum of Understanding (MoU) with the Ministry of Earth Sciences (MoES), Government of India, enabling it to disburse funds for a Central Sector Scheme to the National Centre for Earth Science Studies (NCESS), Trivandrum. The NCESS promotes technological advancement and research in the country, particularly in the field of Earth Sciences, and has been designated as a Central Nodal Agency. Today at 10:45 am, the scrip is trading at Rs 1663.45, a decrease of 0.39%.

Coal India Ltd: Coal India Limited (CIL) ended the April-June quarter of FY23 capping a historic high of 29% output growth, compared to the same quarter of FY22. CIL produced 159.8 million tonnes (MTs) of coal as of Q1 end, which is 35.8 MTs more than the 124 MT output of April-June’22. Today at 10:45 am, the scrip is trading at Rs 180.35, a decrease of 1.58%.