HomeFinanceDHFL, Coal India, Axis Bank, Reliance Power, Ruchi Soya, Adani Enterprises stocks...

DHFL, Coal India, Axis Bank, Reliance Power, Ruchi Soya, Adani Enterprises stocks in focus

Nifty futures had been trading 60.15 points or .38 per cent down at 15,761 on Singaporean Exchange in early trade on Monday. Trends on SGX Nifty recommended that BSE Sensex and Nifty 50 may perhaps start off trading in the adverse territory today. Technical analysts think that Nifty 50’s next target at 16,000 is intact. “An oscillator Stochastic has also suggested positive crossover, which indicates bullish strength for the near term. At present, the nifty seems to have resistance at around 16000 levels while immediate support shifted up to 15650 levels,” stated Sumeet Bagadia, Executive Director, Choice Broking.

Stocks in focus

DHFL: Dewan Housing Finance Corporation Limited (DHFL) shares will cease trading on the stock exchanges from Monday, June 14. Last week, the resolution strategy was authorized by the National Company Law Tribunal (NCLT) in a profitable bid of Piramal Group for DHFL. “In pursuance of Regulation 3.1.2 of the National Stock Exchange (Capital Market) Trading Regulations P. A. and for reasons mentioned above it is hereby notified that the following security will bc suspended from trading w.e.f. June 14, 2021 (i.e. closing hours of trading on June 11,2021),” the NSE circulated stated.

Coal India, Indian Overseas Bank: A total of 50 BSE-listed providers such as Coal India, IDFC, Indian Overseas Bank, Greenply Industries, IFB Industries, JB Chemicals &amp Pharmaceuticals, Jaiprakash Power Ventures, Kajaria Ceramics, and Uttam Sugar Mills will release quarterly earnings on June 14.

Adani group stocks: Adani Enterprises Ltd on Saturday stated it has incorporated a wholly-owned subsidiary, Adani Cement Industries Limited (ACIL). In a filing to BSE, the enterprise stated it incorporated the wholly-owned subsidiary on June 11, 2021 and the subsidiary enterprise but to commence its enterprise operations.

Axis Bank: Axis Bank is most likely to raise its stake in Max Life Insurance to about 20 per cent more than the next 12-18 months, stated the insurance coverage company’s CEO Prashant Tripathy stated. Currently, Axis Bank and its two subsidiaries — Axis Capital Ltd and Axis Securities Ltd — collectively personal 12.99 per cent in Max Life Insurance post approval of the deal in April this year.

ITC: Amid COVID-19 pandemic and slump in the hospitality market owing to lockdown and travel restrictions, ITC Hotels is optimistic about domestic tourism prospects and arranging to improve the quantity of properties below the brand Welcomhotel.

Reliance Power: Reliance Power (RPower) board of directors has on Sunday authorized preferential allottment of shares and convertible warrants to Reliance Infrastructure (RInfra) by conversion of outstanding debt of Rs 1,325 crore into equity. The equity issuance will take RInfra and other promoter holding in RPower to up to 25%, and will additional improve it beyond 38% on conversion of warrants, RPower stated.

Ruchi Soya: The enterprise informed that Board of Directors has authorized raising of funds by way of additional public supply of equity shares and the Draft Red Herring Prospectus for filing with SEBI and BSE and National Stock Exchange of India.

Stay Connected


Must Read

Related News


Please enter your comment!
Please enter your name here