Here are the top 10 stocks that could be in focus in today’s trade: : Reliance Jio will begin selling Jio Bharat V2 4G phone which will be internet-enabled, at 999, from 7 July targeting India’s 250 million feature phone users that use data-devoid 2G devices. The carrier said Monday that the phone will be available across all offline channels including Jio and Reliance Retail stores. The device will allow phone users to access JioCinema, JioSaavn, and FM Radio, and make UPI payments through JioPay, at plans starting 123 a month. The telco will conduct a beta trial for the first one million Jio Bharat phones. : The boards of IDFC Financial Holding Co. Ltd, IDFC Ltd, and IDFC First Bank on Monday approved a merger under which shareholders of IDFC will get 155 equity shares of the bank for every 100 shares held. The merger entails the amalgamation of IDFC Financial Holding into and with IDFC, and of IDFC into and with the bank. The merger proposal was approved in principle by the boards in December 2021. According to a regulatory filing on Monday, the merger will simplify the corporate structure of IDFC Financial Holding, IDFC Ltd, and IDFC First Bank by consolidating them into a single entity. : HMA Agro Industries, a frozen meat exporter, is set to make its stock market debut on Tuesday, July 4, with its equity shares listing on both the NSE and BSE exchanges. Trading will commence at 10 AM following the listing, and the offer price for the shares was fixed within the range of 555-585. The allotment was made at the upper band of the offer. The IPO, valued at 480 crore, was subscribed 1.62 times, with bids received for 97,93,625 shares against the 60,54,054 shares on offer, according to NSE data. : Bajaj Finance’s loan book grew 34 per cent to 9.9 MM in the April-June quarter of the current fiscal, compared to 7.2 MM in the corresponding period last year. The leading NBFC announced its business update for the first quarter of fiscal 2023-24, noting that its customer franchise stood at 72.98 MM as of June 30, 2023, compared to 60.30 MM in the year-ago period. The company recorded highest ever quarterly increase in its customer franchise of 3.84 MM in Q1 FY24, said Bajaj Finance in a regulatory filing to the stock exchanges on July 3. : State-owned Bank of Maharashtra (BoM) on Monday said it has posted a credit growth of 24.93 per cent at 1.75 lakh crore in the June quarter. The outstanding credit was 1.40 lakh crore at the end of June 30, 2022, BoM said in a regulatory filing. The Pune-headquartered lender registered a 24.82 per cent growth in total business (total advances and total deposits) to 4.19 lakh crore at the end of June 2023 as against 3.36 lakh crore at the end of the same quarter of the previous fiscal. : SpiceJet on Monday said it has successfully completed the settlement of a loan payment worth 100 crore to City Union Bank. The last tranche of 25 crore was paid on June 30, 2023, successfully closing the entire loan account which was taken in 2012, the airline company said in a release. Notably, the repayment to City Union Bank follows a successful settlement agreement with Nordic Aviation Capital (NAC), a major lessor for SpiceJet’s Q400 aircraft. : Leading Indian retail chain DMart operator, Avenue Supermarts recorded a standalone revenue of 11,584.44 crore in the first quarter of FY24, registering a growth of 18.13% year-on-year basis. The billionaire Radhakishan Damani-backed company’s revenue has witnessed triple-digit growth of 202.21% since the first wave of the pandemic in 2020. As per the regulatory filing, Avenue Supermarts said, “standalone Revenue from operations for the quarter ended (QE) June 30, 2023, stood at 11,584.44 crore.” : Torrent Group’s integrated power utility, Torrent Power Limited has embarked on a path-breaking initiative aimed at a greener future by commencing work on a pilot project for blending green hydrogen (GH2) with natural gas in its city gas distribution (CGD) network. The project, slated for completion within eight months, represents a significant stride in Torrent Power’s foray into the GH2 business in India, underlining its commitment to fostering a cleaner and more sustainable energy mix. : Sula Vineyards Limited, a wine producer, has announced that its chief operating officer, Chaitanya Rathi has resigned. Rathi will be moving on to explore opportunities outside of the company. He will be replaced by the company’s chief winemaker Karan Vasani, who has been a key member of its leadership team and looks at the company’s key operations including winemaking, winery operations and viticulture. Prior to joining Sula, was an analyst at the financial services firm Crisil. : Biocon Biologics, a subsidiary of Biocon, on Monday said its biosimilar to treat certain inflammatory diseases is now available in the US market. The company said HULIO (adalimumab) injection, a biosimilar to Humira (adalimumab), is now available to patients in the US after five years of experience in Europe and two years in Canada. “The launch of HULIO, our biosimilar adalimumab, in the US, is an important milestone for Biocon Biologics as it expands our well-known biosimilar product offering to patients in the US,” Biocon Biologics CEO and MD Shreehas Tambe said in a statement. Related Premium Stories