ICICI Securities, Ipca Labs, Godrej Properties, Dr Reddy's, HDFC Life, Tata Communications among top stocks to track

Stocks to watch: Domestic equities are expected to see a muted start to trading on Monday, June 26. At 08: 29 AM, Nifty futures on the Singapore Exchange (SGX) traded 0.5 points lower at 18,714.5 levels. 

Here's a list of stocks that may remain in focus today:

ICICI Securities: The company will consider delisting equity shares on June 29. The scrip was listed on April 5, 2018, as per Ze Business Research.

Ajanta Pharma: The company informed exchanges that the US FDA inspected its formulation facility at Dahej from June 2023 to 23rd June 2023. "At the end of the inspection, no Form 483 was issued to us," it said. 

Dr Reddy's: Global brokerage Citi has given a sell rating on Dr Reddy's with a target price of Rs 4,270.

Tata Communications goes ex-dividend today. 

Shree Cement: The company shared an update as regards the Income Tax survey proceedings at its premises. It said, "We have gathered that a lot of negative information about the company and its officials is floating in certain sections of the media in connection with the above survey. We would like to clarify that the survey is still going on. The entire management team of the company is available and extending full cooperation to the officials. Any information circulating in the media otherwise is incorrect and has been published without seeking prior inputs from the company."

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Godrej Properties informed exchanges that the Company had acquired approximately 15 acres of land in Gurugram, Haryana, through an outright purchase to develop premium residential apartments.

On Friday, HDFC Life Insurance said it received a demand notice of more than Rs 942 crore for non-payment of GST. The matter relates to claiming input tax credit against the supply of services, which the Directorate of Goods and Services Tax (GST) Intelligence (DGGI) believes is ineligible for such claims.

Ipca Labs: USFDA has inspected Ipca Labs' Pithampur facility and has flagged 8 issues. 

RVNL: The company informed that it has emerged as the Lowest Bidder (L1) from Maharashtra Metro Rail Corporation Limited (MMRCL) for the 'Design and Construction of Elevated Metro Viaduct of length 6.92 km between Ch. (-) 657.182 m to Ch. (-) 7576.78 m in Reach 2A of NMRP Phase-2.' The cost of the project is Rs 394,89,84,782.

TCS: The company has issued a clarification regarding an article on the company's recruitment process. It said, "The recruitment activities in TCS are not handled by the Resource Management Group (RMG) as alleged; therefore, the reference to the alleged scam in the recruitment process is incorrect. RMG is responsible for the allocation of available resources to various projects and, in case of any shortfall, fills such requirements through contractors."