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Stocks in Focus: Brigade Enterprises, Marico, GE T&D India, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.30% higher by 72 points at 24,458, indicating that the domestic benchmark indices are likely to make a positive start on Thursday.

On Wednesday, 3 July, Domestic benchmark indices S&P BSE Sensex gained 545 points or 0.69%, to end at 79,986.80, while the Nifty50 traded 163 points or 0.67% up and settled at 24,286.50.

Here are some stocks that are likely to remain in focus on 4 July.

GE T&D India: The company has announced that it is securing an order worth 64 million euros for the supply and supervision of high-voltage products from Grid Solutions SAS, France. 

Brigade Enterprises: The company has signed a joint development agreement for a residential project in West Bengaluru for a gross development value (GDV) of around Rs 1,100 crore. The project will be located on Tumkur Road, spans across 8 acres, and has a development potential of 1.2  million square feet. 

Marico: The company has announced that they have collaborated with Kaya Limited, giving the company exclusive rights to handle sales and marketing of Kaya’s range of 75+ personal care products.

Bajaj Finance: The company reported a 10%YoY increase in new loans during the quarter ending 30 June at 10.97 million from 9.94 million in the same year last. The deposit book during the quarter stood at Rs 62,750 crore, marking a 26% YoY growth from Rs 49,944 crore in the same quarter last year. 

Bandhan Bank: The company, during the April-June quarter, reported a 22.8% YoY increase in total deposits to Rs 1.33 lakh crore. The bank’s advance in loans and advances during the quarter stood at RTs 1.25 lakh crore, marking a 21.8% YoY increase from Rs 1.03 lakh crore in the same quarter last year. 

Yatharth Hospital & Trauma Care Services: ICICI Prudential Mutual Fund has acquired an additional 2.3% stake in the company at an average price of Rs 405 per share.

L&T Finance: The company announced that its retail loan book grew by 31% year-on-year to Rs 84,440 crore during the April-June quarter.

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