Indian benchmark indices are likely to open in the green on Friday amid positive momentum among Asian peers. cncbctv18.com reported that at 7:10 am, Singapore-traded SGX Nifty was trading 15.00 points or 0.09 per cent higher at 15,852.50, marking a mildly positive opening for the broader index in India.
Top stocks to watch for the day:
Ashok Leyland: The company reported a net profit of Rs 241.17 crore in Q4FY21 as against a loss of Rs 57.32 crore in the corresponding period of last year. Revenue grew by 82 per cent to Rs 7,000.49 crore from Rs 3,838.46 crore.
ONGC: Government-owned Crude Oil and Natural Gas Corporation’s Q4FY21 standalone net profit increased to Rs 6,733.97 crore from Rs 1,258.12 crore in Q4FY20. While revenue grew 24.4 per cent to Rs 21,188.91 crore from Rs 17,023.8 crore, QoQ. The company declared a final dividend of Rs 1.85 per equity share.
state Bank of India: In order to strengthen the healthcare sector of the country amid the pandemic, the bank has launched Arogyam Healthcare Business Loan.
LIC Housing Finance: Promoter Life Insurance Corporation of India (LIC) will infuse equity capital of Rs 2,334.70 crore in its subsidiary LIC Housing Finance by buying an additional 4.93 per cent stake in the company. LIC Housing Finance (LIC HFL) will issue shares worth Rs 514.25 to the promoter on a preferential basis.
Aarti Industry: The company has fixed the floor price for Qualified Institutional Placement (QIP) at Rs 899.77 per share.
Yes Bank: The private lender has acquired 47.83 lakh equity shares, which is 18.10 per cent of the paid-up share capital of Business India Publications Ltd., through an invocation of pledge, upon termination of the loan.
Majesco: Promoter Aurum Platts IT Pvt Ltd acquired 14.31 per cent stake in the company through an off-market transaction, thus taking the total shareholding to 34.57 per cent from 20.26 per cent earlier.
CG Power & Industrial Solutions: The Central Bureau of Investigation (CBI) has registered an FIR against the company, its former chairman Gautam Thapar and other company officials for causing losses to the tune of Rs 2,435 crore to the SBI-led consortium of banks.
Bank of Maharashtra: The bank has received shareholders’ approval for raising equity capital of Rs 5,000 crore through various channels including rights issue.
Asian Granito India: Crystal Ceramics Industries, a materials subsidiary, has completed 12000 sqm/day glazed vitrified tiles brown field capacity expansion at its Meshana plant in Gujarat.
Union Bank of India: The state-owned bank has raised Rs 850 crore by issuing Basel-III-compliant bonds on a private placement basis.
Bodle Chemicals: The company reported a consolidated profit of Rs 21.73 crore in Q4FY21 as against Rs 25.84 crore in the same period a year ago. Revenue increased from Rs 368.47 crore to Rs 432.73 crore.
Indian Bank: The state-owned lender has raised Rs 1,650 crore through QIP and has approved an issue price of Rs 142.15 per equity share to be allotted to eligible QIBs in the issue.
PTC India: The company reported a high consolidated profit of Rs 49.77 crore in Q4FY21 as against Rs 47.96 crore in the corresponding period of last year. Additionally, the Board of the Company has approved the acquisition of the energy consulting business of IL&FS Energy Development Company.
Earnings: Antony Waste Handling Cell, Atul Auto, Finolex Industries, Godfrey Phillips, Hindustan Copper, HCL Infosystems, Inox Wind, Indraprastha Gas, JSW Energy, MSTC, PNC Infratech, RailTel Corporation of India, Shree Renuka Sugars, Texmo Pipes & Products among others. Will release its quarterly earnings on June 25.
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