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Stocks to watch: Shares of firms like Tata Steel, Tata Motors, Union Bank, JSW Steel, Coal India, and others will be in focus on Wednesday’s trade
Stocks To Watch On July 9
Stocks to Watch on July 9: Indian stock markets continued to trade in a consolidation zone on Tuesday but managed to close marginally higher. In today’s trade, several stocks are likely to remain in focus due to corporate announcements, operational updates, and Q1 results.
Coal India
Coal India’s subsidiary, Bharat Coking Coal Ltd (BCCL), announced the revival of its long-discontinued PB mining project. The move aims to boost domestic production of coking coal, a critical raw material for steel manufacturing.
Tata Steel
Tata Steel revealed plans to begin construction this month on its low-carbon Electric Arc Furnace (EAF)-based steelmaking facility in the UK. The project involves an investment of approximately £1.5 billion.
Indian Hotels Company Ltd (IHCL)
IHCL has signed a new greenfield project in Jaipur, Rajasthan. The 160-key hotel will operate under the Vivanta brand, strengthening the company’s presence in the state.
Asset Management Companies (AMCs)
Shares of AMCs saw an uptick after SEBI proposed allowing them and their subsidiaries to offer a wider range of fund management services.
KPI Green
KPI Green received government approval for the incorporation of a new special purpose vehicle (SPV) named KPIN Clean Power Four LLP, aligning with its renewable energy goals.
Union Bank of India
The state-run lender reported a 5% year-on-year increase in total business for Q1 FY26, reaching Rs 22.1 lakh crore.
Puravankara
Real estate developer Puravankara has been selected to redevelop eight housing societies in Chembur, Mumbai. The total development value of the project is estimated at Rs 2,100 crore.
JSW Steel
JSW Steel posted a 14% YoY rise in crude steel production in Q1 FY26, reaching 7.26 million tonnes — indicating strong operational performance.
Tata Motors
Tata Motors reported a 9% year-on-year decline in global wholesales for the first quarter of FY26. Total deliveries fell to 2.99 lakh units, reflecting pressure on sales volume.
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Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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