Top 5 stocks in focus on July 9: Tata Steel, Fortis to Cadila; here are the 5 newsmakers of the day
Tracking the positive cues of the Asian markets, the Indian market is expected to be positive on July 9, 2018 (Monday). The markets will be impacted by certain stocks to a large extent by certain stocks. These include Tata Steel, Maruti Suzuki, United Bank of India, and others, which came in the news due to certain reasons between July 6-8, 2018. Check the list of the concerned stocks below
Tata Steel: The company reported 8 per cent growth in quarter 1 of FY 2019 sales, which was led by its highest ever quarterly sales of automotive steels in India. Sales touched 2.97 million tonnes in April-June 2018-19 against 2.75 mt in the same period of 2017.
Fortis Healthcare: The Delhi-headquartered hospital major on Saturday released its audited results for the fourth quarter and financial year 2017-18, which were largely in line with the unaudited numbers announced on June 27, 2018. However, auditor Deloitte Haskins & Sells raised several red flags, including with regard to additional related party transactions.
Cadila: Drug firm Zydus Cadila has said that it has got a tentative nod from the US health regulator to market Deferasirox tablets for oral suspension (Exjade Tablets) in the strengths of 125 mg, 250 mg and 500 mg.
Maruti Suzuki: Maruti Suzuki India has achieved production of 1,32,616 units in the month of June 2018 compared to 118,667 units in the month of June 2017. Meanwhile, the company reported a correction in production reported for May 2018 and May 2017. Total production for May 2017 is 151,262 (reported was 151,266) and for May 2018 is 184,612 (reported was 184,608) units.
Watch this Zee Business video here:
United Bank of India: The state-run bank, which received about Rs 676 crore from two stressed accounts through the resolution in the NCLT is expecting to recover Rs 3,000 crore out of a total of Rs 5,951 crore through the same route.