Stocks to watch: Bharti Airtel, Vodafone Idea, Dixon, Lupin, auto stocks

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Here is the list of top stocks that could be in focus on July 2.

Bharti Airtel: Bharti Airtel Chairman Sunil Mittal on Thursday said tariffs need to go up amid “tremendous stress” in the telecom sector, and Airtel will not hesitate to raise prices, but it will not do so unilaterally.

Vodafone Idea: Cash-strapped Vodafone Idea Ltd (VIL) has approached the government to seek one-year moratorium on payment of spectrum instalment of over Rs 8,200 crore, due in April 2022.

Lupin: Drug firm Lupin on Thursday said it’s US-based arm has received approval from the US health regulator for its supplemental new drug application to expand the use of Solosec to include the treatment of trichomoniasis, a sexually transmitted disease.

Dixon: The government on Thursday said 14 companies, including Dell, Lava, Dixon, Wistron and Foxconn, have received approval under the Production Linked Incentive Scheme (PLI) for IT hardware.

Auto stocks: Auto stocks will be in focus as major automakers, including Maruti Suzuki, Hyundai, Tata Motors, Mahindra & Mahindra, Kia, Toyota and Honda, reported healthy growth in passenger vehicles sales in June, recovering from the disruptions induced by the second wave of Covid-19.

Kilburn Engineering: The company has received orders for dryers & drying systems for various applications aggregating Rs 2360 lakh from various customers including Reliance Industries, Perstrop Industries India, Tarapur Environment Protection Society, Lhoist ( Malaysia) SDN BHD, Plant Lipids, BASF India, etc.

Ashok Leyland: Ashok Leyland has reported two-fold jump in total sales at 6,448 units in June as compared with 3,199 units in May this year. Total domestic vehicle dispatches to dealerships stood at 5,851 units last month as against 2,738 units in May. Medium and heavy commercial vehicles (M&HCV) sales in the domestic market stood at 2,364 units in June as against 1,513 units last month. Light commercial vehicle sales in the domestic market last month stood at 3,487 units as compared with 1,225 units in May.

Affle (India): The company has completed the acquisition of Jampp, a global programmatic mobile marketing company. In June, Affle had announced the acquisition of Jampp (Ireland) and its subsidiaries. This acquisition carries a great strategic merit as it strengthens Affle’s CPCU (Cost Per Converted User) business model and enables it to expand into fast-growing markets like US and LATAM (Latin America), while further consolidating its position in APAC (Asia Pacific).

Easy Trip Planners: The company has collaborated with Lifestyle, India’s leading destination for the latest trends. Through this collaboration, the brands will mutually provide their customers with additional benefits and rewards. As the country steadily recovers from the second wave, the collaboration aims to cater to the growing pent-up demand in both the sectors and revive the disrupted travel and retail industry.

Zuari Global: Zuari Global has raised Rs 150 crore through secured, unrated, unlisted, redeemable non- convertible debentures (NCDs) and allotted 1500 NCDs having face value of Rs 10 lakh each. The board of directors at its meeting held on June 30, 2021 has approved the same.