Key Updates on Stocks HDFC Bank, Bajaj Auto, and Others – July 5

On July 5, the Indian stock market saw a range-bound trading session, with key stocks like HDFC Bank, Bajaj Auto, IDFC First Bank, Raymond, RBL Bank, and others in focus. HDFC Bank reported that its gross advances stood at Rs 24.87 trillion as of June 30, showing a slight decline of 0.8% sequentially. However, advances grew by 14.9% year-on-year, excluding the impact of the merger of erstwhile HDFC Ltd. Additionally, the deposit book remained almost flat compared to the previous quarter, with deposits growing by 16.5% year-on-year.

Bajaj Auto made headlines by announcing the launch of the world’s first CNG bike, expected to be in the 125 cc segment and named Freedom 125. The bike is rumored to have flexible fuel options and dual switches for petrol and CNG. Meanwhile, textile major Raymond approved a scheme of arrangement for the demerger of Raymond Ltd and Raymond Realty Ltd. Shareholders of Raymond Ltd will receive one share of Raymond Realty for every share held.

IDFC First Bank raised Rs 3,200 crore by selling over 396.8 million shares to six insurance companies. RBL Bank reported significant growth in total deposits and advances in the June quarter, with retail advances growing by 31% year-on-year. Radhakishan Damani increased his stake in VST Industries to 3.47% by the end of the June quarter.

In other news, Nazara Technologies incorporated a subsidiary in the US, while PNB’s global business and advances saw a year-on-year increase. Lloyds Metals and Energy initiated a qualified institutional placement, and Ircon secured an order worth Rs 750.82 crore from RVNL. With these key developments, the stock market is poised for further action and volatility in the coming days.