Havells India, L&T, Tata Steel, IndiGo, Dr Reddy's, and Manappuram Finance among top stocks to track

Stocks to watch: The domestic equity market is expected to see a positive start to trading on Monday. At 8:37 am, the Nifty futures on the Singapore Exchange (SGX) traded 23.5 points, or 0.12 per cent higher at 18,921.5 levels. Besides, Asian shares started cautiously on Monday after their best weekly run in five months, as investors looked ahead to China's rate decision and US Federal Reserve Chair Jerome Powell's testimonies for clues on the path ahead.

Here's a list of stocks that may trade actively today: 

Tata Steel is planning a consolidated capital expenditure (capex) of Rs 16,000 crore for its domestic and global operations during the current financial year, according to its top management. Of the planned amount, Tata Steel has earmarked Rs 10,000 crore towards standalone operations and Rs 2,000 crore for its subsidiaries in India, the company's CEO & MD T V Narendran and Executive Director & CFO Koushik Chatterjee said.

HUL: Shares of Hindustan Unilever will trade ex-dividend on Monday, June 19. 

PVR-Inox: The shares of the company are expected to be in focus today as Adipurush garnered Rs 240 crore in the first two days of its release.

Tata Motors: The auto major's UK unit Jaguar Land Rover on Monday partnered with supply chain mapping and risk analytics firm Everstream Analytics, which will embed artificial intelligence into the British luxury carmaker's system to help avert future global supply issues.

ABB: The Kanpur Metro has deployed ABB India’s Electrification solutions for safe, reliable and quality power distribution. ABB’s technology helps facilitate smooth, consistent power distribution making the commute seamless and comfortable for passengers. 

Manappuram Finance: The Reserve Bank has imposed a penalty of Rs 20 lakh on Manappuram Finance for non-compliance with certain provisions of the NBFC norms. Further, Kerala High Court has rejected the FIR filed against the company's promoter. 

Hero MotoCorp: Zee Business news confirmed as MCA has asked for details on some matters. 

Shriram Properties: Shriram Properties will invest around Rs 750 crore this fiscal on the construction of its ongoing and new residential projects as it looks to scale up business amid strong housing demand, its CMD M Murali said. Bengaluru-based Shriram Properties spent Rs 500 crore in the last financial year on construction works.

IndiGo: As per a report by Bloomberg, Airbus SE is poised for a grand entrance at the Paris Air Show, where the European planemaker could announce a record 500-aircraft agreement with Indian carrier IndiGo on the first day.

L&T: As per reports, L&T has won a Rs 15,697 crore civil contract package for the Mumbai-Ahmedabad bullet train project.

Dr Reddy's: The pharma major last week said its active pharmaceutical ingredient (API) manufacturing facility in Bollaram, Hyderabad (CTO-3), completed US Food & Drug Administration (USFDA)'s GMP (good manufacturing practices) inspection with zero observations. The inspection was conducted from June 12, 2023, to June 16, 2023.

Havells: In another case of growing shareholder activism in India, many shareholders of Havells India Ltd have raised concerns over the proposed remuneration paid to the company’s chairman and managing director Anil Rai Gupta. READ MORE