Overnight Digest: Stocks likely to be in focus on July 11

Watch out for these stocks for Monday's trading session.

On Friday, the benchmark indices opted to trade in a range-bound manner with Sensex trading within a range of 348 points and Nifty advancing 118 points during the trading session.

In the end, Sensex settled at 54,482 levels, gaining 303 points or 0.56 per cent while Nifty 50 ended with gains of 88 points or 0.54 per cent at 16,221 level. In the broader market, BSE Midcap and SmallCap indices rose 0.2 per cent each. 

In the sectors, capital goods and power indices were seen surging between 1 and 2 per cent whereas the metal index was the sole loser.  

Watch out for these stocks on Monday: 

Kotak Mahindra Bank - Kotak Mahindra Bank has acquired the Agri and healthcare equipment financing portfolio of De Lage Landen Financial Services India Private Limited (DLL India), a subsidiary of De Lage Landen International BV, owned by Rabobank. With this acquisition, Kotak Mahindra Bank will gain access to over 25,000 high-quality customers with a total standard loan outstanding of around Rs 582 crore (equivalent to €69.8 million).  

Tata Motors - In a volatile market on Friday, the shares of Tata Motors gained more than 2 per cent on an intraday basis post the news that Tata Group is looking for Tata Technologies IPO. Tata Technologies has taken initial steps to evaluate an initial public offering (IPO) on the back of accelerated demand for electric vehicles and the aviation segment. The share closed the trading session higher by 2.24 per cent.   

Voltamp Transformers - The shares of Voltamp Transformers were in action for the fourth straight trading session and hit a new high of Rs 3,283, zooming 5 per cent during Friday’s trading session. The shares have surged nearly 14 per cent in the past four trading sessions. HDFC MF purchased an additional 50,000 or 0.35 per cent stake in Voltamp Transformers on June 14, 2022. 

Mahindra and Mahindra (M&M)- The shares of M&M soared as much as 5 per cent on Friday after the company said that British International Investment would invest up to Rs 1,925 crore ($250 million) into its new four-wheel passenger electric vehicle (EV) arm. The shares of Mahindra & Mahindra failed to hold the opening gains and tumbled during the trading session, closing nearly 0.25 per cent lower on Friday.