U.S. stocks are set to close out a blockbuster quarter with fresh momentum.

Major indexes are marching toward their best quarterly gains in years. The S&P 500 was up 14% through Monday, and the Nasdaq had jumped 20%-the biggest quarterly rallies for both since the second quarter of 2020.

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ET Intelligence Group: From 52-week low to 52-week high, within three months: stocks of 10 companies with market cap above ₹10,000 crore have achieved this feat helped by robust March quarter performance, stellar FY27 outlook, and in some cases strategic partnerships and fund raising. Additionally, majority of these companies continue to trade below their respective three-year and five-year valuation multiples despite the strong momentum in their stock prices in a short period. According to an analysis by ETIG, these companies have yielded 22-65% returns from their 52-week lows in a short span of three months. The list includes Pidilite Industries, Tata Communications, Tata Capital, Zydus Lifesciences, SKF India, and Amagi Media.

Pidilite Industries, makers of Fevicol and FeviQuick adhesives, hit a 52-week high of ₹1,620 on June 25 from a low of ₹1,259.5 on April 06 driven by a revival in sales volume across retail and industrial markets in the March quarter. It also reported a 300 basis point operating margin expansion to 23% amid lower raw material costs. The stock has clocked a 26% gain so far from the lows hit in April.

Tata Communications has gained over 50% from the 52-week low of ₹1,323 hit on April 02 following multiple factors including expectations of growth revival in FY27 aided by improving operating leverage after net profit dropped by 21% past fiscal year, recent fund raising at attractive interest rate to fund short term requirements and positive scenario for enterprise communications demand.

Central Mine Planning & Design Institute (CMPDI), a public sector company that provides consultancy for coal and minerals mining, has undergone a major rerating. The company listed publicly on March 30 at a discount to offer price of ₹172 and sank to a 52-week low ₹150.3 on April 07. A strong fourth quarter performance and attractive valuation catapulted the stock to a peak of ₹267.9 on June 24. It currently trades at around ₹248, gaining 65% from the lows.

Amagi Media, which offers software solutions to global broadcasters and video streaming services, has also gained 65% from the 52-week low level amid expectations of a 15-20% increase in net profit for FY27.

A new Costco warehouse and gas station are one step closer to coming to Downey, California, after city leaders approved a development agreement for the project, though not everyone is convinced the area needs another location.

The Downey City Council recently voted to move forward with plans for the new warehouse on Firestone Boulevard. City officials say the development is expected to create hundreds of jobs and generate new revenue for public services.

Mayor Pro Tem Horacio Ortiz Jr. praised the project in an Instagram post, calling it an investment in the city’s future.

“The Costco project will create hundreds of jobs, generate new revenue for essential city services, and strengthen our city’s future,” Ortiz Jr. wrote.

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The announcement drew mixed reactions from residents, with several questioning why another Costco is needed when warehouses already operate in nearby cities of Norwalk and Lakewood.

“Do y’all really need a Costco when the one at Norwalk is a 15 minute drive away?” one commenter wrote.

Another added, “We want a Trader Joe’s not another Costco.”

Others welcomed the project, arguing nearby Costco locations are often overcrowded and difficult to navigate.

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“The Norwalk Costco has been a nightmare since they redid the parking lot,” another resident wrote. “Happy to welcome one to Downey.”

According to local reports, the project includes relocating the existing Downey Nissan dealership before construction begins on the new Costco. The warehouse and gas station would be built on roughly 13.6 acres that include the former All American Home Center site and the current dealership property.

Ticker	Security	Last	Change	Change %
COST	COSTCO WHOLESALE CORP.	924.67	-10.80	-1.15%

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The redevelopment package is expected to cost about $10.5 million and involves Costco Wholesale Corp., Downey Nissan and the owners of the surrounding properties.

The retailer still faces several steps before construction can begin. The project must complete a California Environmental Quality Act review and the city’s entitlement process, which officials expect to take up to a year. Construction of the relocated dealership and the new Costco warehouse would follow, putting the store’s opening several years away.

In the Nifty 500 pack, 15 stocks saw their closing prices cross above their 200-day moving average (DMA) on July 1, 2026. Of these, we have highlighted the top 9 stocks that gained more than 3% in the previous trading session, according to StockEdge.com’s technical scan data. Traders use the 200-day daily moving average (DMA) as a key indicator to determine the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend. Take a look:

As many as 33 stocks have effectively fixed July 3 as the record date for their respective dividends, making today the last day for interested investors to buy the shares for the payouts.

Under SEBI’s T+1 settlement cycle, investors must purchase a company’s shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. Therefore, today is the last opportunity for investors to buy the shares so that they are credited to their accounts by Friday, making them eligible for the dividends.

Mahindra & Mahindra dividend

Mahindra & Mahindra (M&M) is among the most notable names on the list. The automaker has fixed Friday as the record date for its highest-ever final dividend worth Rs 33 per share. This comes after the company paid a dividend worth Rs 25 last year and Rs 21 in 2024.

The XUV and Scorpio maker has declared 28 dividends since May, 2001. The stock has a dividend yield of 0.81%.

Tech Mahindra, Union Bank, Shriram Finance dividend

Tech Mahindra has also fixed Friday as the record date for its final dividend of Rs 36 per share. Union Bank of India and Shriram Finance meanwhile will turn ex-record date for their respective final dividend of Rs 5 per share and Rs 6 per share.

Bharat Forge will pay a dividend of Rs 6.5 per share, while Escorts Kubota will pay a dividend of Rs 33 per share. Max Healthcare, Raymond Realty and Redington meanwhile will turn ex-record date for dividend payouts worth Rs 2, Rs 2 and Rs 6 respectively.

Also read: Kajaria Ceramics share buyback worth Rs 297 crore opens on July 3 | Entitlement ratio, other details to know

Other stocks turning ex-record date for dividends

Swaraj Engines accounts for the highest dividend payout at Rs 110 per share, followed by JSW Dulux at Rs 50 per share.

Other companies which will effectively turn ex-record date for their respective dividends tomorrow include Akum Drugs (final dividend of Rs 1 per share and special dividend of Rs 2 per share), Alufluoride (Rs 4 per share), Balaji Amines (Rs 11 per share), BF Investment (Rs 10 per share), Biocon (Rs 0.5 per share), Can Fin Homes (Rs 8 per share), Dalmia Bharat Sugar and Industries (Rs 1.5 per share), DCM Shriram Industries (Rs 0.4 per share), Exide Industries (Rs 2 per share), Gloster (Rs 20 per share), Greenlam Industries (Rs 0.4 per share), Indus Finance (Rs 0.6 per share), Kirloskar Pneumatic Company (Rs 8.5 per share), Onward Technologies (Rs 8 per share), Sagarsoft (Rs 1.5 per share), SKF India Industrial (Rs 10 per share), SKF India (Rs 40 per share), SML Mahindra (Rs 23.5 per share), Thermax (final dividend of Rs 14 per share and special dividend of Rs 6 per share), Transcorp International (Rs 0.4 per share), Welspun Enterprises (Rs 3 per share) and Siddhika Coatings (Rs 4 per share).

Also read: Nomura expects IT firms to see ‘anaemic’ growth in FY27. Here are latest target prices for Infosys, TCS, and others
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Companies in the private sector added 98,000 jobs in June, payroll processing firm ADP said in its latest report on Wednesday.

The figure is below economists’ estimates of a gain of 118,000 jobs and down from the prior month’s unrevised 122,000 payrolls figure.

Which industries are hiring the most workers, according to the ADP report?

Education and health services added 48,000 positions, leading job creation in June. Trade, transportation and utilities added 15,000, financial activities gained 14,000 and other services added 8,000.

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Information added 7,000 jobs, while manufacturing added 5,000. Leisure and hospitality, professional and business services and construction each added 2,000 jobs.

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On the negative side, natural resources and mining lost 5,000 jobs.

People staying in their roles saw their pay climb 4.4% from the prior year, while pay gains for those changing their jobs accelerated to 6.6%.

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What experts are saying about the June 2026 ADP National Employment Report

“The pace of hiring is telling a story of both supply and demand,” said ADP chief economist Nela Richardson. “We know it’s taking people longer to find work, but there also are signs of labor supply constraints in certain industries. For now, the overall effect is a slowdown in job creation.”