Stocks To Watch: HDFC Bank, Hindustan Zinc, Kotak Mahindra Bank And Others In News

Here are the key stocks to watch on July 3:HDFC Bank: The private lender released its April-June quarter shareholding data on Tuesday showing that the ownership of foreign institutional investors (FIIs) has come down during the quarter. The FII ownership in HDFC bank as of June 2024 stands at 54.8 per cent, according to BSE data, below the 55 per cent mark. This indicates greater MSCI inflows.Hindustan Zinc: The Vedanta Group company released its Q1 business update, reporting a mixed performance across various production metrices. It reported a mined metal production of 263 kilotonnes, marking a 2 per cent increase year-on-year but a 12 per cent decrease on a quarterly basis. Saleable metal production stood at 262 kilo tonnes, up 1 per cent YoY and a 4 per cent decline QoQ.Kotak Mahindra Bank: The private sector bank issued a clarification in response to a shaw-cause notice received from SEBI regarding allegations of short-selling Adani Enterprises’ stock prior to a report by Hindenburg Research. The notice also involves entities related to Hindenburg, Kingdon, and K India Opportunities Fund Ltd – Class F.

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