Share Market News June 14: Vodafone Idea, Bajaj Auto, LTTS, HUL, other stocks to track on Friday
Stocks to Track on June 14, Stocks in News: Here is a list of stocks that are set to be in the spotlight during the June 14 session.
Stocks to Track on June 14, Stocks in News: At around 8:10 am, GIFT Nifty futures traded higher by 0.07 per cent or 17.25 points at 23,416.5, indicating a muted to positive opening on the D-Street. Here is a list of stocks that are set to be in the spotlight during the June 14 session, including Bajaj Auto, Vodafone Idea, Canara Bank, Hindustan Unilever Ltd (HUL), Sona BLW and L&T Technology Services (LTTS).
Bajaj Auto stock to trade ex-dividend
Bajaj Auto shares are scheduled to trade ex-dividend on Friday, June 14.
Canara Bank stock to trade ex-dividend
Canara Bank shares are set to trade ex-dividend on Friday.
Hindustan Unilever Ltd (HUL) stock to trade ex-dividend
HUL shares are slated to trade ex-dividend on June 14.
Bikaji Foods, LTTS, Happiest Minds Tech stocks to trade ex-dividend
Several other stocks are also scheduled to trade ex-dividend on Friday, including Bikaji Foods International, Happiest Minds Tech, LTTS, MM Forgings, Sona BLW Precision Forgings, Torrent Power and VST Industries.
Vodafone Idea in focus
Vodafone Idea (Vi) has decided to offer a Rs 2,458-crore stake to its key long-term vendors Nokia Solutions and Networks India, and Ericsson India to partially clear certain outstanding dues.
"This preferential allotment price is higher by ~35% to the FPO price and comes with a lock in of 6 months. Nokia and Ericsson will participate for up to Rs. 1,520 Crore and Rs. 938 Crore respectively, subject to approval by VIL shareholders at the EGM to be held on July 10, 2024," according to a regulatory filing by the telecom operator.
Puravankara gets in-principle nod to raise up to Rs 1,000 crore
Puravankara has received in-principle approval to raise up to Rs 1,000 crore through a QIP issue in one or more phases.
Tata Motors
The rating agencies have increased the credit rating of the auto major. CRISIL has upgraded the company's long term rating from AA/Positive to AA+/Stable. Similarly, S&P Global Ratings has upgraded the long-term rating of Tata Motors and TML Holdings from BB+/Positive to BB+/Watch Positive.
Havells
The company plans to increase annual air conditioner manufacturing capacity to 15 lakh units. The estimated expenditure on capacity expansion is around Rs 50 crore-60 crore.
ICICI Lombard and other General Insurance companies
The premium of general insurance companies increased by 14.89 per cent to around Rs 20,908 crore.
Suven Pharma
The company has agreed on the purchase of Sapala Organics. The pharma company will buy 67.5 per cent stake for a financial consideration of Rs 229 crore. Sapala Organics is a Hyderabad-based company engaged in the CDMO business.