02-07-2025
Stocks in news: Hero MotoCorp, Hyundai Motor, SBI Cards, JSW Energy, Raymond Realty
Karur Vysya Bank signed an agreement with Kshema General Insurance as additional bancassurance partner for non-life insurance business.
Markets remained mostly stable after Monday's losses, with several companies experiencing significant developments. Hyundai Motor India saw a 13% increase in year-on-year exports, while Hero MotoCorp reported a 10% rise in sales for June 2025. SBI Cards received a notice regarding input tax credit, and JSW Energy's subsidiary entered into a battery energy storage purchase agreement.
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Markets traded lackluster and ended almost unchanged, taking a breather after Monday's decline. In today's trade, shares of Hero MotoCorp Raymond Realty among others will be in focus due to various news Bank sold Rs 41.5 crore stake in the company. Parent too saw deal frenzy worth Rs 221 Motor India achieved an year-on-year export growth of 13% while the contribution from exports stood at 26.7% of the total sales in Q1 of FY2026. RITES bagged a purchase order worth $3.6 million (CIF) from African Rail Cards said it has received a show cause notice from the Additional Commissioner (East 1), CGST Gurugram, proposing to disallow input tax credit (ITC) amounting to Rs 81.93 MotoCorp reported total sales of 5.54 lakh units in June 2025. The figure marks a 10% year-on-year rise from 5.03 lakh units sold in June last Renew Energy Thirty Seven, a step-down subsidiary of JSW Energy, has inked a battery energy storage purchase agreement (BESPA) with RVUNL for a 250 MW/500 MWh standalone battery energy storage system (BESS).Lupin received FDA nod for post-eye surgery medication loteprednol etabonate ophthalmic Vysya Bank signed an agreement with Kshema General Insurance as additional bancassurance partner for non-life insurance business.
