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Stocks To Be In Focus Today: Mazagon Dock, NHPC, BHEL etc.

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Indian stock markets in Thursday's session ended higher led by gains in the PSU banking and realty space. Also media pack outperformed with Nifty Media settling higher by over 4 percent. At around 7:46 am, SGX Nifty traded with gains of 0.18 percent, indicating gap up opening for the Indian markets.

 

The US markets in overnight trade hit an all time high on the S&P 500 index shrugging off rising inflation fears. Nasdaq and Dow Jones also rallied up to 0.8 percent. Meanwhile, at the time of writing this copy, Asian markets traded mixed with Nikkei down in trade and other indices Straits Times, Hang Seng, Taiwan and Kospi all up.

1. Yes Bank:

1. Yes Bank:

Shares of Yes Bank will be in focus today after the bank's board in its meeting held on Thursday (June 10) considered as well as approved seeking shareholder's nod for raising funds in Indian or foreign currency up to Rs. 10,000 crore by way of issuance of debt securities, including but not limited to non-convertible debentures, bonds, Medium Term Note (MTN) etc.

On Thursday the scrip of Yes Bank ended over 3% higher at Rs. 14.65 per share.

2. NHPC:

2. NHPC:

The company will be raising debt up to Rs 4,300 crore via issuance of corporate bonds and /or raising of term loans/ECB. The company into power generation and distribution is trading close to its 52-week high price of Rs.27.60 per share.

3. BHEL:
 

3. BHEL:

The infrastructure company is due to announce its fourth quarter results of the FY 2021 today. For the December ended quarter, the company reported consolidated net sales of Rs. 4532.3 crore, up 19.5% from the previous quarter and 22% higher in comparison to the corresponding period a year-ago. Net loss for the December quarter came in at Rs. 217 crore.

4. Mazagon Dock Shipbuilders:

4. Mazagon Dock Shipbuilders:

The ship building firm on Thursday announced its Q4FY21 results. Consolidated net profit at the firm came in at Rs. 230 crore for the review period, a 450% increase in comparison to the Q4FY20 profit figure of Rs. 41.55 crore. Revenue at the firm also inched higher YoY to Rs. 1378.5 crore as against Rs. 1176 crore in Q4FY20.

In the previous day's trade, the state run shipbuilding firm hit a fresh 52-week high price of Rs. 296 per share on the NSE.

5. Suven Pharmaceuticals:

5. Suven Pharmaceuticals:

SUVEN Pharmaceuticals Ltd. and CSIR-IICT have entered into a collaboration for the process technology transfer as well as manufacture of anti COVID drugs Molnupiravir and 2-DG.

6. Godrej Properties:

The wholly owned subsidiary arm of Godrej Properties, Godrej Projects Development, has taken over 20% issued and paid up share capital of Vagishwari Land Developers. The stock in the previous day's trade ended higher by over 2.5% at Rs. 1438.9 per share on the NSE.

GoodReturns.in

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