SBI, JK Cement, Wipro, L&T Finance, BHEL, Godrej Consumer, and Capacite Infraprojects among top stocks to track

Stocks to watch today, June 6: Domestic equities are likely to see a cautious start on June 6, Tuesday, if one goes by global cues.  At 08:07 AM, the Nifty futures on the Singapore Exchange (SGX) traded 20 points, or 0.11 per cent lower at 18,705 levels. Besides, Asian stock markets edged lower on Tuesday as economic data showed the US services sector unexpectedly softened, reinforcing expectations that the Federal Reserve may skip an interest rate hike when it meets next week.

Let's take a look at the top stocks that may remain in focus today - 

SBI: The public sector lender on Monday said that the bank's board is scheduled to hold a meeting on June 9, Friday, to seek approval for raising funds during FY24 through private placement mode "by way of issuance of debt instruments (including capital instruments) in rupee and/or any foreign currency.”

Capacite Infraprojects: The company informed exchanges that a meeting of the board of directors of the company is scheduled on June 6, Thursday to consider and approve fundraising by way of preferential issue of shares.

Wipro: The IT company's shareholders have approved a share buyback programme worth Rs 12,000 crore, according to a scrutiniser report released on stock exchanges on Monday. The Wipro board had approved the buyback of 26.96 crore equity shares for Rs 445 apiece. READ MORE. In a separate announcement, the company announced its dynamic digital signage solution, Wipro VisionEDGE, which will power Bowling Center TV (BCTV), a new digital out-of-home television network distributed across bowling centres in the United States.

L&T Finance board to discuss final dividend on June 8.

BHEL: Nomura has downgraded the stock to Reduce from Neutral, target price cut to Rs 61 from Rs 79.

Bajaj Finserv: Shares of Bajaj Finserv will announce the launch of its MF business today at 11 AM. 

Godrej Consumer Products Limited (GCPL) has named Aasif Malbari as their new Chief Financial Officer (CFO), effective August 10, 2023. The company's current CFO, Sameer Shah, will transition to a Group role leading consumer investments.

JK Cement Ltd on Monday said it will acquire a 100 per cent stake in Toshali Cements Private Ltd for Rs 157 crore, in order to expand its footprint into the eastern region.