The Indian stock market is likely to open flat on Monday, June 28, amid a mixed trend from Asian peers. cncbctv18.com reported that the SGX Nifty opening indicates a moderate opening for the broader index in India, as Nifty futures were trading 5.50 points or 0.03 per cent lower at 15,865.50 on the Singapore Exchange at 7:10 am. Were.
Top stocks to watch for the day:
NTPC: The state-run power producer has promised to achieve 60 giga-watts (GW) of cumulative capacity of renewable energy by 2032 as part of its Energy Compact targets. The company has become the first energy firm in India to announce its Energy Compact goals as part of the United Nations High Level Dialogue on Energy (HLDE).
InterGlobe Aviation: Shareholders of the company have approved a plan to raise up to Rs 3,000 crore through the Qualified Institutional Placement (QIP) route.
Thyrocare Technologies: The parent company of Pharmacy (online medical platform) Docan Technologies and API Holdings will acquire 66.1 per cent equity stake in the company for Rs 4,546 crore. The promoters have made an open offer to acquire an additional 26 per cent stake in Thyrocare at a price of Rs 1,300 per share for Rs 1,788.16 crore.
Finolex Industries: The company’s Q4FY21 consolidated profit jumped to Rs 298.84 crore from Rs 58.66 crore in the year-ago period, while revenue jumped to Rs 1,249.34 crore from Rs 768.66 crore.
IndusInd Bank: The private lender has acquired over 70 lakh shares in tea company McLeod Russell after invoking pledged shares of the company to recover its dues.
Shree Renuka Sugars: The company will invest Rs 450 crore to expand its ethanol capacity. The decision comes after shareholders approved the expansion plan, which aims to increase the production capacity by 430 kilo liters per day to 1,400 kilo liters per day with the said investment.
Lupine: The drugmaker has launched emtricitabine and tenofovir disoproxil fumarate tablets used in the treatment of HIV-1 infection for the US market.
Jindal Drilling & Industries: The company reported a profit of Rs 44.56 crore in Q4FY21 as against a loss of Rs 546.80 crore in the same period a year ago. Revenue increased to Rs 112.36 crore from Rs 90.34 crore annually.
Brigade Enterprises: Company raised Rs 500 crore through private placement of shares to institutional investors at a price of Rs 268 per share.
Ashiana Housing: The company’s consolidated net loss narrowed to Rs 5.2 crore in Q4FY21 from Rs 8.63 crore in Q4FY20. The total income declined to Rs 81.36 crore from Rs 98.59 crore on a year-on-year basis.
IRCON International: The company has got a contract worth Rs 659 crore from the Ministry of Railways for electrification work.
JSW Energy: The company’s Q4FY21 consolidated net profit jumped 16 per cent to Rs 104.7 crore as against Rs 89.9 crore in the same period last year. Revenue fell 12.5 per cent to Rs 1,569.6 crore from Rs 1,793.4 crore annually.
Future Consumer: The company reported lower net loss of Rs 155.12 crore in Q4FY21 as compared to Rs 175.46 crore in Q4FY20. Revenue fell 59.2 per cent to Rs 386.26 crore from Rs 947.07 crore.
Zuari Agro Chemicals: Fair trade regulator – Competition Commission of India (CCI) has approved the acquisition of the company’s Goa plant by Paradip Phosphate.
SJVN: The company’s Q4FY21 net profit jumped 55 per cent to Rs 619.92 crore from Rs 399.21 crore in the year-ago quarter. While the revenue increased from Rs 703.72 crore to Rs 1,084.96 crore.
Earnings: Autoline Industries, Eros International Media, Future Lifestyle Fashion, Federal-Mogul Goetz, GIC Housing Finance, HAL, IFCI, ISGEC Heavy Engineering, KPI Global Infrastructure, NALCO, NLC India, Premier Explosives, Sadbhav Infrastructure Project, V2 Retail, Vivimed Labs, Welspun Corp and Zee Media Corporation among others will announce their earnings on June 28.
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