Why ULIP mis-selling has become rampant ?

Domestic equity markets are likely to start the holiday truncated week on a negative note following losses in global peers as fears of rising inflation and a relentless surge in Delta variant of the coronavirus in Asian countries dampened investors’ risk appetite. Here is the list of top stocks that could be in focus on July 19.

HDFC Bank: Private sector lender HDFC Bank on Saturday posted 16.08% year-on-year (YoY) growth in standalone net profit at Rs 7,729.64 crore for the quarter ended June 30.

Results today: ACC, HCL Technologies, HDFC Life, Mastek and Nippon Life India Asset Management are slated to announce their June quarter results on Monday.

Reliance Industries, Just Dial: Reliance Retail Ventures, a subsidiary of Reliance Industries, said it will acquire 40.95% stake in Just Dial for Rs 3,497 crore.

New listing: Shares of GR Infraprojects and Clean Science and Technology to list on bourses on July 19.

Rossari Biotech: The company announced that its board of directors has approved the acquisition of Tristar Intermediates.

Tata Power: The company has joined hands with Hindustan Petroleum Corporation (HPCL) to provide end-to-end electric vehicle (EV) charging stations at the latter’s retail outlets at multiple cities and major highways across the country. Under the pact, Tata Power will provide its EV charging infrastructure at HPCL petrol pumps for users. The charging is enabled with the company’s ‘EZ Charge Mobile’ platform, which makes it a seamless experience to vehicle owners.

Kalpataru Power: Kalpataru Power Transmission’s subsidiary company — JMC Projects (India) has secured new orders of Rs 1,624 crore (Received orders of Rs 496 crore in Q1FY22 and Rs 1,128 crore in Q2FY22 till date). The company received road project in Ghana of Rs 1,128 crore, while building projects in India of Rs 496 crore.

SBI: State Bank of India (SBI) is working towards launching the next version of its digital lending platform – Yono (You Only Need One App). As of March 31, 2021, Yono has over 7.96 crore downloads and about 3.71 crore registrations. The bank has onboarded 40,000 overseas customers on the Yono platform as of end-March 2021. The lender is on course to launch Yono in Singapore, Bahrain, South Africa, and the USA by the end of the financial year 2021-22.

TVS Motor: The company is planning to invest Rs 1,000 crore to manufacture electric vehicles (EV) under a separate vertical. The EV plant is expected to have a capacity of around 1 lakh units a year, including both two-wheelers and three-wheelers. The company is readying a complete portfolio of two and three-wheelers in the range of 5-25kW, all of which will be in the market within 24 months.

TCS: TCS iON, a strategic unit of Tata Consultancy Services (TCS) has brought together an ecosystem of academia, corporates, publishers, and original equipment manufacturers as part of its innovative phygital model for vocational education, on the occasion of World Youth Skills Day. This ecosystem will drive enhanced learning content, experiences and outcomes for learners looking to enhance their skills.

Kirloskar Oil Engines: The company is planning to invest another Rs 250 crore into its non-bank finance company (NBFC) Arka Fincap by March 2023 as it seeks to grow its operations. The company also planning to monetise its 50-acre land bank in its base of Pune for its realty company Avante Spaces, starting with a mixed use project with a development potential of 20 lakh square feet on a 12-acre plot in the Kothrud area.