Stocks to watch on July 9: MGL, CONCOR, Jio Financial Services, Senco Gold & more

Mahanagar Gas Limited: The state-run company has raised CNG and PNG prices in and around Mumbai effective July 9. This step has been taken to offset rising input costs, the company said in a statement. The price of CNG has been increased by ₹1.5 per kg to ₹75/kg and domestic PNG by ₹1/SCM (standard cubic meter) to ₹48/SCM.

CONCOR: Container Corporation of India Limited has shared a business update for the first quarter of the financial year 2024-25 (FY25). Total volumes increased to 11.59 lakh twenty-foot equivalent units (TEUs) as against 10.93 lakh TEUs in the corresponding period last year, reflecting a 6% year-on-year (YoY) increase.

Pitti Engineering: On Monday, the company said it will be raising ₹360 crore via Qualified Institutional Placement (QIP). The issue price has been set at ₹1,054.25 per equity share. There will also be a lock-in period of 90 days for the investors.

Also read: Trade setup for 9 July: NIFTY50 consolidates, doji formation signals volatility

Jio Financial Services: The company said that its Group Chief Operating Officer Charanjit Attra has tendered his resignation from the post with immediate effect. He will now take over as the Managing Director and CEO of Jio Leasing Services Limited, a wholly-owned subsidiary of the company, effective July 9, 2024, the regulatory filing said.

Senco Gold: The jeweller reported an 11% increase in retail sales growth and 4% store sales growth in the first quarter of financial year 2024-25. The average transaction value, as well as the average selling price, rose by 12%. The total sales growth was 9% YoY in Q1 FY25.