Zomato, Paytm, Infosys: Stocks to track on Tuesday
Stocks to watch on Tuesday, June 18: At around 8:14 am, GIFT Nifty futures traded higher by 0.49 per cent or 114.85 points at 23581.5, indicating a positive opening on the D-Street.
Indian stock markets closed at an all-time high in the last week. This is the second consecutive week when Indian frontline indices Sensex and Nifty made a new all-time high of 77,145 and 23,490 respectively.
The stock market was closed for trading on Monday on account of Bakri Eid. The trading is set to resume on Tuesday, according to the National Stock Exchange's (NSE) official website.
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Here are some stocks that will be in focus on Monday, June 18:
Zomato/ Paytm:
Zomato/ Paytm:
Zomato is in discussions with Paytm for the aforementioned transaction, however, no binding decision has been taken at this stage.
HAL
HAL:
The Defence Ministry issued a request for proposal for the procurement of 156 Light Combat Helicopters.
Alembic Pharma
Alembic Pharma:
The company got the US Food and Drug Administration's (USFDA) final approval for an Icatibant Injection, 30 mg/3 mL (10 mg/mL) Single-Dose Prefilled Syringe. This is the first peptide product approval from the USFDA received by the company.
IIFL Finance
IIFL Finance:
IIFL Finance's net profit on a consolidated basis fell by 6 per cent year-on-year (Y-o-Y) to Rs 430.6 crore during the fourth quarter ended March 2024 (Q4 FY24) on account of higher provisions and losses due to fair-value changes.
Godawari Power and Ispat:
Godawari Power and Ispat:
Its board approved Rs 301 crore repurchase at Rs 1,400 per share.
Infosys
Infosys:
The company will announce its Q1 results on July 18.
RITES
RITES:
The company signs a memorandum of understanding (MoU) with with Damodar Valley Corporation for innovation in rail infra works.
Biocon
Biocon:
US FDA issued three observations for Biocon's API facility located at Visakhapatnam, Andhra Pradesh.
Maruti / Tata Motors / M&M
Auto stocks will be focus after Hyundai touches all-time high in Korean markets, while Suzuki stock slumps over 5 per cent. Meanwhile, after M&M's investors meet all brokerages have upgraded the stock with the highest target set by Jefferies at Rs 3,510 from the earlier Rs 2,910.
Bharti Airtel
The telco major paid Rs 7,904 crore (spectrum auction dues) for 2012, and 2015 ahead of time to the department of telecom.