Share Market News June 20: PNB Housing Finance, Sun Pharma, telecom, other stocks to track on Thursday
Stocks to Track on June 20, Stocks in News: Here is a list of stocks that are set to be in the spotlight during Thursday's session.
Stocks to Track on June 20, Stocks in News: At around 8:11 am, GIFT Nifty futures traded higher by 0.11 per cent or 24.9 points at 23,528.5, indicating a muted to positive opening on the D-Street.
Domestic equity benchmarks finished a session full of seesaw moves on a mixed note on Wednesday, as losses in energy and auto shares offset gains in financial and IT stocks, though the 30-scrip Sensex managed to register a record closing high. As the focus shifts to the next session on Dalal Street, here is a list of stocks that are likely to be in focus on Thursday, including Sun Pharma, Coal India, Raymond and Larsen & Toubro.
L&T shares are all set to trade ex-dividend on Thursday.
CIL in the spotlight
Coal India has awarded 23 closed and discontinued underground mines to private operators on a revenue-sharing model. These mines have a cumulative peak-rated capacity of 34.14 million tonnes per year, with estimated total extractable reserves of 635 million tonnes, according to a statement by the PSU coal behemoth.
Infra stocks in the spotlight
State-owned NHAI - responsible for the development, maintenance, and management of national highways in India - is looking to offer 15 road projects worth Rs 44,000 crore covering 937 km under the Build-Operate-Transfer (BOT) mode in the current financial year, according to news agency PTI.
Indian Oil forms sustainable energy solutions JV with GPS Renewables
State-owned oil marketing company Indian Oil Corporation (IOC) has entered a joint venture with biofuels company GPS Renewables to foster sustainable energy solutions in the country.
Sun Pharma receives FDA warning letter for Dadra plant
Sun Pharma Industries has received a warning letter from the US health regulator for its Dadra plant.
PNB Housing Finance block deal?
Asia Opportunities Fund and General Atlantic are likely to offload 4.2 per cent in PNB Housing Finance at Rs 773 per share, a discount of 8.2 per cent to the market price, through the block deal route, according to Zee Business.
RateGain Travel
Through a block deal, Avaatar Holdings may pare 1.8 per cent stake in the software and consulting company in a deal estimated to be worth Rs 160 crore.
MAS Financial Services
The company's QIP worth Rs 700 crore has been launched with the floor price pegged at Rs 301.31 per share, translating into a discount of 3.4 per cent from the current market price.
Som Distilleries
The Madhya Pradesh government has taken action against the company and has suspended its license in child labour case.
KEI Industries
Given the strike announced by the company's employees on June 19, production at the company has stopped. Consequently, operations of plants located at Rakholi and Chinchpada remain partially affected.