Stocks to watch: Adani Enterprises, Dish TV, Infosys, Hindustan Copper
Stocks to watch today: After Indian stock markets closed on a positive note last week, they are expected to extend their gains on Monday, June 27. Nifty50. From a global perspective, markets also turned cheery, with major Wall Street indices closing above 2% last week, while Asia-Pacific markets saw Kospi and Nikkei 225 gain respectively. 1.6% and 0.8% on Monday. Morning.
Later this week, investors will be watching quarterly US GDP data due on Wednesday, June 29. Additionally, the performance of auto stocks will also be monitored, as monthly sales figures will be released on Friday, July 1.
In the meantime, here is a list of stocks that will see action in trade on Monday:
Adani companies: The company’s subsidiary, Kutch Copper, has raised Rs 6,071 crores to set up a new copper refinery project to produce one million tonnes per annum (MTPA) in two phases. The first phase will have a capacity of 0.5 MTPA at Mundra, Gujarat. READ MORE
Satellite TV: Yes Bank and the promoters of Dish TV are likely to move their legal battle to the Supreme Court to appeal against the Bombay High Court order that resulted in the loss of the company’s senior positions. Although the bank is looking to sell around 24.7% of the company’s capital, the acquirer wants to buy the stake without any legal problems. READ MORE
Overseas Indian Bank: The public bank is expected to boost advances in loans to individuals, MSMEs, businesses and agriculture during this year. That aside, the bank assured that the asset quality of public sector banks (PSBs) was on an improving trend despite some being classified as restructured loans under authorized pandemic RBI programs. READ MORE
Infosys: Chairman of the IT services company, Nandan Nilekani, said Infosys had generated a capital return of over Rs 4,100 crore in 2021-22 and carried out a share buyback of over Rs 11,000 crore . The board has also recommended a final dividend of Rs 16 per share along with an interim dividend of Rs 15 per share, equivalent to Rs 31 per share for FY22. READ MORE
Hindustan copper: The state-owned company will meet on Thursday, June 30 to consider the proposal to raise funds of up to Rs 500 crore via debentures. The board will also consider raising funds through a qualified institutional investment method. READ MORE
Future businesses: The company defaulted on interest payments of Rs 4.10 crore for its non-convertible debentures. With that, the Future Group company headed by Kishore Biyani has now defaulted for the fourth time in June. Earlier this week, the company twice defaulted on interest payments of Rs 85.71 lakh and Rs 6.07 crore for its non-convertible debentures. READ MORE
HPLC: Oil and Natural Gas Corporation (ONGC) has appointed Pankaj Kumar, Director (Offshore), ONGC as a Director on the Board of Directors of Hindustan Petroleum Corporation. ONGC has had no representative on the board of directors of HPCL for more than five months – a company in which it has held a 51.11% stake since January 2018.
Biocon: According to reports, the pharmaceutical company has engaged an external law firm to review its governance process which involves consultants as well as vendors. The move follows CBI naming five people for allegedly offering a bribe to back out of Phase 3 clinical trials at Biocon Biologics.
Stocks under F&O prohibition: Delta Corporation, India Bulls Housing Finance, RBL Bank and Sun TV are prohibited stocks during the F&O blackout period on Monday, June 27.