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Stocks in Focus: Rail Vikas Nigam, ONGC, Delta Corp, Wipro, and Others

The mid-cap and small-cap indices performed well with respective rises of 0.8% and 1.1%.

The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.16% lower by 40 points at 24,450, indicating that the domestic benchmark indices are likely to make a negative start on Wednesday.

On Tuesday, 9 July, Domestic benchmark indices S&P BSE Sensex gained 391.26 points or 0.49%, to end at 80,351.64, while the Nifty50 traded 112.65 points or 0.46% higher and settled at 24,433.20.

Here are some stocks that are likely to remain in focus on 10 July.

ONGC: The company has announced its plan to invest Rs 2 lakh crore for establishing renewable energy sites and green hydrogen plants to achieve its net-zero carbon emission goal by 2038.

Wipro: The company has resolved the lawsuit against Jatin Dalal,  its former chief financial officer. 

Rail Vikas Nigam: The company has emerged as the lowest bidder for a project worth Rs 202.87 crore from the South Eastern Railway for the design, supply, erection, testing, and commissioning of a 132 kilovolt (KV) traction substation, sub-sectioning posts, and sectioning posts in a 2x25KV system on the Kharagpur-Bhadrak section of the Kharagpur division.

Delta Corp: In its quarterly earnings for April-June,, the company reported a 68.04% year-on-year decline in net profit to Rs 21.7 crore for the quartet from Rs 67.9 crore reported in the same quarter last year. 

Reliance Industries: The company has launched JioTag Air, a successor to last year’s JioTag. 

Delhivery: The Canada Pension Plan Investment plans to sell its entire 3.18% stake in the company via a block deal at an average price between Rs 378 to Rs 389 per share. 

Angel One: Personal Information of around 7.9 million customers of the company has been exposed in a data breach. The hacker has disclosed personal information, including name, number, addresses, and bank account details on a website, which has raised significant concerns about privacy and security. 

Adani Port: Adani Ports and Special Economic Zone Ltd has secured a 30-year concession to develop, operate, and maintain Berth No 13 at Deendayal Port, which makes it a substantial addition to its infrastructure portfolio. 

Adani Power: The company’s wholly-owned subsidiary, Mahan Energen Ltd, has entered into a 20-year power purchase agreement for 500 megawatts (MW) with Reliance Industries. 

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