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The Economic Times
The Economic Times
Akash Podishetti

Stocks in news: HDFC Bank, Vedanta Power, YES Bank, Sun Pharma, Waaree Energies

Markets extended their gains for the third consecutive session on Friday, supported by favourable global cues and sustained buying in select heavyweight counters. Technically, analysts say the Nifty has finally broken out of its consolidation range of 23,800–24,200 and has moved closer to the next key hurdle, the 200-day EMA. While the overall trend has turned positive, the pace of the advance may remain gradual due to the confluence of resistance from the long-term moving average and the previous swing high in the 24,450–24,600 zone.

In today's trade, shares of HDFC Bank, Vedanta Power, YES Bank, Sun Pharma, Waaree Energies among others will be in focus due to various news developments.

HDFC Bank

HDFC Bank on Saturday reported gross advances at Rs 30.61 lakh crore at the end of the April-June quarter of FY27, marking a 15.4% year-on-year (YoY) rise from Rs 26.53 lakh crore reported in the corresponding quarter of the previous financial year.

Dabur India

Dabur India expects consolidated revenue to grow in double digits in the June quarter, helped by steady demand in India, strong growth in emerging sales channels and resilience in its international business despite pressure in the Middle East.

IDBI Bank

IDBI Bank reported steady growth in its business for the June quarter, even as its shares have remained weak this year, falling 19% so far. The bank’s total business stood at Rs 5.84 lakh crore as of June 30, 2026, up 15% from 5.09 lakh crore a year earlier, according to its exchange filing dated July 3. The figure includes deposits and advances, and gives a broad picture of the bank’s balance sheet growth.

YES Bank

Yes Bank on Saturday reported loans and advances at Rs 2.85 lakh crore for the April-June quarter of FY27, marking an 18.4% year-on-year (YoY) rise from the Rs 2.41 lakh crore reported in the corresponding quarter of the previous financial year.

Vedanta Power

Vedanta Power reported a 38% year-on-year rise in power sales for the first quarter ended June 30, helped by a sharp increase in generation from Meenakshi Energy and stable output from Talwandi Sabo Thermal Plant. The company’s total power sales rose to 5,225 million units in the June quarter of FY27, compared with 3,784 million units in the same period last year, according to its production release filed with the exchanges.

Tata Power

Tata Power has withdrawn its application seeking to enter the electricity distribution business in half of Karnataka after its moves triggered a backlash from the unions and the local Congress regime. The Mumbai-based Tata Group company has filed a memo saying it was no longer keen to pursue its application for distribution licenses, ET reported.

Radico Khaitan

Home-grown liquor major Radico Khaitan expects 20% growth in its premium-and-above segment in the current financial year, expansion in white spirits and a margin rise of 120 basis points despite the short-term volatility in the raw material costs, according to its Managing Director Abhishek Khaitan.

Tata Steel

Tata Steel is looking to spend around Rs 20,000 crore as capex in the current financial year and a major share of it will be spent to support the India business, the company's management said.

ONGC

The government has relaxed the eligibility conditions for appointing the next chairman of state-owned ONGC by raising the maximum entry age to 59 years and offering the successful candidate a fixed three-year term extendable by up to two years, widening the pool of eligible contenders to head India's largest oil and gas producer.

Sun Pharma

The division bench of Delhi High Court has restrained Ahmedabad-based Finecure Pharmaceuticals from manufacturing and selling drugs with names similar to Sun Pharma Laboratories' "Pantocid" till the final disposal of suit filed by the latter.

Waaree Energies

Capital markets regulator Sebi has exempted Waaree Energies promoter trust from the open offer rule for the succession plan. The CT Doshi Family Trust sought the regulator's exemption from the mandatory open offer requirement under the SAST Regulations The proposal involved the transfer of 44.88% direct stake & 18.34% indirect stake in Waaree from promoter Chimanlal Tribhuvandas Doshi to the family trust for succession planning.

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