Top 5 stocks in focus on June 21: From RITES to IndiGo, here are newsmakers of the day

The Indian market closed on a positive note on June  20, 2018, but there are certain Indian stocks that came in news due to certain reason on the day and may have some impact on the market on June 21, 2018. Here are the stocks:

RITES: The initial public offer (IPO) of RITES has been subscribed 0.60 times on the first day of bidding on June 20, 2018. RITES, a consultancy firm of Railways wants to raise about Rs 460 crore through this release. 

Fine Organics: The company's initial public offer (IPO) has been subscribed 12 per cent on the first day of bidding on June 20, 2018. Through this IPO release, the Oleochemical-based additive manufacturing company wants to raise Rs 600 crore. 

Gayatri Projects: The Uttar Pradesh government has cancelled the company's bid of Rs 1,111-crore for the 341-kilometre long Purvanchal Expressway Project. The company in BSE filing said that the state government has reinvited the bids for the project that comprises of 8 packages. 

GAIL: The largest state-owned natural gas processing and distribution company in India has partnered with the US-based cab aggregator Uber to promote the usage of CNG (compressed natural gas) across various cities in India. Also, GAIL Gas will provide free CNG to the first 500 cars joining under the programme, capped at a maximum of Rs 10,000 per car. In addition, Uber will also provide a joining award of Rs 10,000 to the first 500 CNG vehicles driving with the platform.

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IndiGo: The low-fare carrier Indigo has clarified that it has not received any summons from the Enforcement Directorate (ED) over reports that its top management was allegedly summoned by the probe agency in connection with FEMA (Foreign Exchange Management Act) violation.