Here are the top 10 stocks that could be in focus in today’s trade: : Cyient DLM IPO will be listed on the bourses on Monday. As per the BSE notice, effective from Monday, July 10, 2023, the equity shares of Cyient DLM Limited shall be listed and admitted to dealings on BSE and NSE in the list of ‘B’ group of securities. According to market observers, Cyient DLM’s share price is trading at a premium of 140 in the grey market today. which means the grey market is expecting that the public issue will list at around 405 ( 265 + 140), which is more than 50 per cent from Cyient DLM IPO price band of 250 to 265 per equity share. : Mukesh Ambani’s daughter Isha and former CAG Rajiv Mehrishi have been appointed as directors on the board of demerged financial services unit of Reliance Industries Ltd, the company said on 8 July. Earlier, Reliance announced its plans to demerge its financial services undertaking into Reliance Strategic Investments Limited (RSIL) and rename and list it as Jio Financial Services Limited (JFSL). Based on proprietary data analytics, the financial arm of Reliance will lend to consumers and merchants and eventually branch out to insurance, payments, digital broking, and asset management. : Private sector lender, HDFC Bank has announced its plan to participate in the initial public offering (IPO) of the National Securities Depository (NSDL). The bank will divest a 2% stake in NSDL. In other news, HDFC Bank also said it will announce its Q1 results for FY24 on July 12. On late Saturday, the bank said, “HDFC Bank proposes to participate in an Initial Public Offering (“IPO”) of National Securities Depository Limited (“NSDL”), by way of an offer for sale of up to 2% equity stake held by the Bank in NSDL.” HDFC Bank will offload up to 40 lakh equity shares in NSDL. : Billionaire Gautam Adani has raised $1.38 billion ( 11,330 crore) from stock sales in three group firms, bringing the total amount raised over the past four years to USD 9 billion as the conglomerate attracts interest from a variety of investors. “In the most recent instance, Adani family has raised USD 1.38 billion ( 11,330 crore) through stake sale in the three portfolio companies – Adani Enterprises Ltd, Adani Green Energy Ltd and Adani Transmission Ltd,” Adani group said. Additionally, the three portfolio businesses have obtained board clearance for major issuances through a share sale to investors as the firm attempts to recover from allegations of fraud made by a US short-seller. : Indian Oil Corp. Ltd (IOCL) plans to raise 22,000 crore via a rights issue. The board of the public sector oil marketing company (OMC) has approved the capital raising, the fuel retailer said in a regulatory filing on Friday. The board approved “raising of capital by way of the issue of equity shares on rights basis up to an amount not exceeding 22,000 crore, subject to necessary statutory approvals”, it said, adding that details such as the issue opening and closing dates and issue price would be made available later. : Auto component maker Samvardhana Motherson International on Friday said it has inked a pact to fully acquire Bengaluru-based Rollon Hydraulics for an undisclosed amount. Rollon is engaged in manufacturing, assembly and supply of high-precision turned parts, spools, and other machined components with critical engineering applications for the agriculture and off-highway segment from its two facilities based out of Bengaluru. “Our focus on being a solutions provider to our customers has been a driving force for this acquisition. : The Supreme Court on Friday directed budget airline SpiceJet to pay the entire arbitral amount of 380 crore to former promoter Kalanithi Maran in their legal dispute, a development which may impact the debt-laden carrier further. A bench presided over by Chief Justice D.Y. Chandrachud and comprising Justice P.S. Narasimha dismissed Spicejet’s plea seeking additional time to pay the 75 crore to Maran and Kal Airways, as directed by the apex court on 13 February. Besides, the bench said that a clear message should be sent to ensure the court’s orders are followed. : Two- and three-wheeler maker Bajaj Auto Ltd said it is setting up a wholly-owned subsidiary, Bajaj Auto Consumer Finance Ltd, and has applied to the Reserve Bank of India for a non-banking financial company (NBFC) licence. This follows the automaker’s erstwhile captive finance company Bajaj Finance Ltd diversifying into financing two-wheeler purchases of non-Bajaj Auto brands. In June 2022, Bajaj Finance began offering loans to all two-wheeler makers, in addition to Bajaj Auto, and is now focusing on growing its non-Bajaj Auto automobile financing activity. : Suzlon Energy board has approved the raising of funds up to 2,000 crore, announced the renewable energy company in a regulatory filing to the stock exchanges on Friday. Earlier this week, Suzlon Energy had said that the company will consider and approve the raising of capital at its board meeting scheduled for July 7. The fundraising will be ‘’in accordance with the applicable laws including the SEBI regulations, 2018 and the Companies Act, 2013, each as amended, subject to receipt of all necessary approvals, if and to the extent required,” the company. : Sula Vineyards Ltd, the country’s largest wine producer, has recorded a strong double-digit sales growth in the June quarter. Its estimated net revenues year-on-year were up 17 per cent in the April-June period, said a sales update by Sula Vineyards. Sales from its own brands were at 103.5 crore, up 24 per cent, while its portfolio of imported “elite and premium brands” had a 30 per cent growth. “The company has recorded its highest ever Q1 net revenues overall as well as for its own brands and the wine tourism business,” it said. Related Premium Stories