Several stocks are likely to remain in focus on July 2 amid key corporate announcements, business updates and fundraising plans.
Zee Entertainment share price fell 3 percent after board of directors approved the issue of up to 24,94,85,563 fully convertible warrants, at a price of Rs 126 each, aggregating upto ₹ 31,43,51,80,938 on a preferential basis to Sunbright Mauritius Investments, Promoter Group entity.
https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/lupin/LForce Motors share added more than a percent after reporting 23.5 percent year-on-year increase in total sales to 3,568 units in June, compared with 2,889 units in the same month last year. The growth was driven by robust domestic demand, with domestic sales rising 26.63 percent to 3,547 units from 2,801 units. However, exports declined sharply by 76.14 percent to 21 units, down from 88 units in the year-ago period.
Shares of Dhanlaxmi Bank added more than 8 percent reported robust business growth for the June quarter, with total business rising 21.12 percent year-on-year to Rs 35,188 crore from Rs 29,051 crore. Total deposits increased 17.1 percent to Rs 19,403 crore from Rs 16,570 crore, while gross advances jumped 26.5 percent to Rs 15,785 crore from Rs 12,481 crore in the corresponding quarter last year.
South Indian Bank shares rose 2 percent on reporting steady business performance for the June quarter, with gross advances rising 17.01 percent year-on-year to Rs 1.04 lakh crore from Rs 89,198 crore. Total deposits increased 11.39 percent to Rs 1.25 lakh crore from Rs 1.12 lakh crore in the year-ago period. The bank's CASA deposits grew 14.61 percent to Rs 41,493 crore from Rs 36,204 crore, while the CASA ratio improved to 32.99 percent compared with 32.06 percent a year earlier.
Shares of Punjab & Sind Bank jumped 2 percent after company reported a healthy operational performance for the June quarter, with total business rising 15.33 percent year-on-year to Rs 2.67 lakh crore from Rs 2.31 lakh crore. Total deposits grew 12.16 percent to Rs 1.47 lakh crore, while gross advances surged 19.5 percent to Rs 1.19 lakh crore from Rs 99,950 crore a year ago.
Market participants are expected to keep a close watch on these stocks as corporate announcements, regulatory developments, acquisitions, and order wins continue to drive stock-specific action amid a volatile market environment.