Share Market News June 7: Bajaj Finance, HUL, HUDCO, other stocks to track on Friday
Stocks to Track on June 7, Stocks in News: Domestic equity benchmarks Sensex and Nifty50 extended gains for a second straight session on Thursday in a move that recovered much of investors' heavy losses on June 4 amid incoming election results data. Here are some of the stocks set to be in focus on June 7 including Bajaj Finance.
Stocks to Track on June 7, Stocks in News: At 8:05 am, Gift Nifty futures traded higher by a mild 0.07 per cent or 16.5 points at 22,916 suggesting a subdued to positive start for Indian equities today. Domestic equity benchmarks continued to rise for a second straight session on Thursday, recovering much of their heavy losses on June 4 as incoming election data showed a weaker mandate for the ruling BJP than estimated by several exit polls earlier. Both Sensex and Nifty50 ended 0.9 per cent higher on June 6, with the sensex adding 692.3 points to end at 75,074.5 and the Nifty50 settling at 22,821.4, up 201.1 points for the day.
Here's a list of stocks set to be in focus on June 7, the day the RBI is scheduled to announce the outcome of a bi-monthly review that began on Wednesday:
Bajaj Finance to be in focus
Bajaj Housing Finance's board has approved a proposal to launch an initial public offer (IPO) worth Rs 4,000 crore.
The IPO will comprise fresh issuance of shares as well as an offer for sale (OFS).
Bajaj Housing Finance is a subsidiary of Pune-headquartered NBFC Bajaj Finance.
Home First Finance Company shares to trade ex-dividend
Home First Finance Company shares are scheduled to trade ex-dividend on Friday.
ICICI Lombard General Insurance Company
ICICI Lombard General Insurance Company shares are scheduled to trade ex-dividend on Friday.
Himadri Speciality Chemical stock to trade ex-dividend
Himadri Speciality Chemical shares are scheduled to trade ex-dividend on June 7.
Indian Bank stock to trade ex-dividend
Indian Bank shares are slated to trade ex-dividend on Friday.
Tata group stock to go ex-dividend
Tata group company Indian Hotels' shares are scheduled to trade ex-diviend on Friday.
Other stocks to trade ex-dividend
IndiaMART Intermesh, Richfield Financial Services, JM Financial, UNO Minda and SMC Global Securities shares are also scheduled to trade ex-dividend on June 7.
HUDCO extends partnership with IIFCL
HUDCO has signed a pact with IIFCL to collaborate for extending infrastructure co-financing and other services.
HUL appoints Arun Neelakantan as Executive Director-Customer Development
Hindustan Unilever Ltd (HUL) has announced the appointment of Arun Neelakantan as Executive Director-Customer Development. Neelakantan will take over from Kedar Lele, who will be pursuing an external opportunity, according to the company.
The changes will take effect on July 1.
Rate-sensitive stocks in focus
With the RBI all set to announce its decision following a bi-monthly review at 10 am on Friday, rate-sensitive spaces like auto, financial services, real estate and consumer durables will be in the spotlight.