The following Indian stocks were in the news in the last 24 hours. The news could have a positive or negative impact on the future stock price of each company.
Positive News
- Adani Group: The Adani Group is reportedly considering a bid for Anil Ambani’s bankrupt coal plants. This development could have a significant impact on the Adani Group’s stock price, as it would indicate that the group is looking to expand its operations into the coal industry.
- TCS: TCS is scheduled to report its quarterly earnings report on July 12. The company is expected to report strong earnings, which could have a positive impact on its stock price.
- Reliance Industries: Reliance Industries is planning to invest in the semiconductor industry. This move could have a positive impact on the company’s stock price, as it would indicate that Reliance is looking to diversify its operations and become less reliant on its oil and gas business.
Negative News
- HDFC Bank: HDFC Bank is planning to raise up to $1 billion through a foreign currency bond issuance. This move could weigh on the bank’s stock price, as it would dilute its existing share capital.
- ITC: ITC has decided to hike the salary of its chairman, Sanjiv Puri. This move could weigh on the company’s stock price, as it would increase its costs.
It is important to note that these are just a few of the factors that could impact the future stock price of these Indian stocks. Other factors, such as the overall market sentiment and the performance of the global economy, could also have a significant impact.