Stocks to Watch Today, July 2, 2026: Coal India, Bharti Airtel, NMDC, South Indian Bank and Hero MotoCorp

Mumbai, July 2: Investors on Thursday will be tracking Coal India shares after the company received a Rs 2,831 crore order. Bharti Airtel stocks will be under focus as its subsidiary started operations as NBFC. Here is what you should watch. 

Coal India (COALINDIA) Bags Rs 2,831-Cr LoA for 600 MW Solar Project in Uttar Pradesh 

Coal India (COALINDIA) has secured a Letter of Award worth Rs 2,831.11 crore from Bundelkhand Saur Urja Limited, a joint venture of NHPC and Uttar Pradesh’s UPNEDA, for a 600 MW solar project at Jalaun Solar Park, Uttar Pradesh. The project involves two 300 MW units and will sell power at Rs 2.73 per unit, with completion expected within 18 months of signing the power purchase agreement. Coal India must still sign the PPA, an implementation support agreement and a land rights pact, and pay upfront solar park development charges before the deal is finalised. The company said the contract does not involve any promoter group interest. The order marks another step in the state-run miner’s push to diversify into renewable energy, alongside its plan to invest close to Rs 1,900 crore in R&D by FY30. 

Bharti Airtel (BHARTIARTL) Arm Airtel Money Begins Ops as NBFC 

Bharti Airtel (BHARTIARTL) said its subsidiary Airtel Money has begun commercial operations as a Type II non-deposit accepting NBFC, after receiving its certificate of registration from the RBI on February 13. The company had earlier said it plans to infuse Rs 20,000 crore of capital into the unit over the next few years, with Airtel funding 70% and promoter entity Bharti Enterprises the remaining 30%. The licence allows Airtel Money to lend directly off its own balance sheet, building on the lending-service-provider platform it has run for two years, rather than merely referring customers to third-party lenders. The RBI issued the standard disclaimer that registration is not a guarantee of the company’s financial soundness. 

NMDC (NMDC) June Production Jumps 44% YoY to 5.15 MT 

NMDC (NMDC) reported a 44% year-on-year jump in June production to 5.15 million tonnes, taking cumulative output for the first quarter of FY27 to 15.10 MT, up 25.9% from a year earlier. Sales for the month rose 11% to 3.98 MT. The Chhattisgarh operations led the charge, with quarterly production up 37.2% and offtake up 14.2%, while the Karnataka division saw mine output hold broadly steady even as sales slipped to 2.46 MT from 3.38 MT a year ago. NMDC, India’s largest iron ore producer, had already crossed 50 MT of annual output for the first time in FY26, and the June numbers suggest that momentum has carried into the new fiscal year. 

Hero MotoCorp (HEROMOTOCO) to Invest Over Rs 3,200 Cr in Andhra 

Hero MotoCorp (HEROMOTOCO) has announced investments exceeding Rs 3,200 crore in Andhra Pradesh over the next three to five years, anchored by a Rs 750 crore second Global Parts Centre in Tirupati. Executive Chairman Pawan Munjal said the expansion, which includes raising the Tirupati plant’s annual capacity to 1.2-1.5 million units from about 0.6 million currently, is expected to generate around 4,000 jobs. The new parts hub, the company’s second after Neemrana in Rajasthan, will handle domestic and international spare parts operations and also expand Hero’s accessories and merchandising business. The Tirupati plant currently manufactures the company’s entire electric vehicle portfolio, and Andhra Pradesh Chief Minister N. Chandrababu Naidu attended the foundation-laying ceremony. 

South Indian Bank (SOUTHBANK) Gross Advances Rise 17% YoY to Rs 1,04,366 Cr in Q1FY27 

South Indian Bank (SOUTHBANK) reported a 17% year-on-year rise in gross advances to Rs 1,04,366 crore for the June quarter, while total deposits grew 11.4% to Rs 1,25,786 crore, crossing the Rs 1.25 lakh crore mark for the first time. CASA deposits rose 14.6% to Rs 41,493 crore, lifting the CASA ratio to 32.99% from 32.06% a year earlier. The bank noted that a Rs 1,048 crore technical write-off in the March quarter weighed on the headline advances number, and that underlying growth would have been 18% excluding that adjustment. The provisional figures are subject to audit by the bank’s statutory auditors before being finalised. 

Sources

• bseindia.com
• nseindia.com
• Company regulatory filings