Latest News
-
Bajaj Group Stock Declares Rs. 60/Share Dividend: Buy Ahead of Record Date On 28 June? -
Rs 45/Share Dividend: Record Date In Due Course; Buy The IT Stock For Dividend Eligiblity? -
175% Dividend: TATA Group Stock Declares Q4 Results; Buy The Rekha Jhunjhunwala Portfolio Stock? -
2:15 Bonus: Tata Group's Penny Stock Below Rs 90, Gives 2,821% Returns In 5 Years: Announces Q4 Report Card -
Rs. 240/Share Dividend: May 7 Fixed As Record Date; Buy The IT Stock To Be Eligible? -
1:5 & 1:2 Split, Rs 6/Sh Dividend: Fertilizer Stock Coming Up With 600% Payout; Record, Payment Dates Fixed -
Cube Highways Trust Set to Acquire Seven Highway Assets Worth Rs 5,172 Crore -
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment -
Tech Mahindra Sets Three-Year Plan for Robust Growth and Market Leadership by FY27 -
Tech Mahindra Q4 Net Profit Falls 41%, Announces Growth Strategy
Stocks To Be In News On June 21, 2021
After the indices on Friday ended on a flat note with a drag of just 8 points on the Nifty, benchmark indices in trade on Monday are likely to open on a weak note as indicated by the SGX Nifty which traded lower by 0.72 percent at 7:43 am.
Meanwhile, Asian indices at the time of writing this copy traded weak with a cut of over 3 percent on the Japanese Nikkei.
1. Adani Group Stocks:
After a massive fall in the previous week in the Adani Group stocks owing to reports that NSDL has frozen 2 Mauritius based FPI accounts owning Adani shares, the group stocks shall again be in focus today.
As per the BSE filing, Infinite Trade & Investment Ltd has invested over Rs. 1100 crore in two of the Adani firms namely Adani Ports and Adani Green between June 10 and June 19, 2021. The transactions have been executed via market purchase.
2. PNB Housing Finance:
As per a leading business dailies report, the housing financier may approach SAT against the SEBI ruling halting its Rs. 4000 crore deal with a consortium led by Carlyle group.
3. NTPC:
The power generation and distribution company reported 9.36% higher net sales revenues QoQ at Rs. 30,103 crore for the March ended quarter of FY21. Net profit for the period under review climbed 196 percent at Rs. 4542 crore owing to tax credits. This is because the company wrote back excess tax provisions as part of the Vivaad Se Vishwas scheme.
4. BHEL:
CRISIL downgraded company's long-term credit rating to AA-/Negative from AA/Negative. Thus indicating fragile state of the company's business as well as financial risk profile.
5. Centrum Capital:
The RBI on Friday gave in-principle nod to Centrum Financial Services to set up a Small Finance Bank and take over the beleaguered PMC Bank. In the transaction, Bharat Pe or Resilient Innovations Private Limited shall have an equal stake.
6. Reliance Home Finance:
Anil Dhirubhai Ambani Group shares have been on a roll for a quite while now. As per the regulatory filing, Authum Investment and Infrastructure Ltd (AIIL) has emerged as the highest bidder for Reliance Home Finance. For the deal, AIIL has offered a sum of Rs. 2,887 crore.
Notably crisis-ridden Reliance Group companies led by Anil Ambani are under the NCLT resolution process.
GoodReturns.in
