Stocks to watch on June 21: The Nifty futures contract trading on the Singapore Exchange signals a muted start for domestic stocks. The contract traded at 18,873.50, down 7.5 points or 0.04% from the previous close.
Coal India: The offer for sale for employees (OFS) will open from Wednesday, June 21 to Friday, June 23, 2023. The government will sell up to 92.44 lakh shares or 0.15 percent stake in Coal India to its employees at a price of Rs 226.10 per share.
Shriram Finances: After US-based private equity powerhouse TPG sold its stake in Shriram Finance, Piramal Enterprises plans to sell its entire 8.34 percent stake in the company through block deals on Wednesday, June 21.
she-wolf: The company’s CSR arm – Lupine Human Welfare and Research Foundation has signed an agreement with the Government of Maharashtra to address cardiovascular disease and chronic obstructive pulmonary disease in Palghar, Maharashtra.
Pidilite Industries: The company announced the launch of state-of-the-art manufacturing facilities under its two joint ventures, Pidilite Litokol (PLPL) and Tenax Pidilite (TPPL), in Amod, Gujarat.
GR Infra projects: The company received an award letter (LoA) from the National Highways Authority of India (NHAI) for four-laning of NH-530B (from Kasganj Bypass End to Chandan Nagar) in Uttar Pradesh at an estimated cost of Rs 1,085 crore.
IDFC first bank: The board of directors approved the appointment of Madhivanan Balakrishnan, as the full-time director (additional director), designated as the ‘executive director and chief operating officer’ and key management personnel of the bank for three years, subject to shareholder approval.
Som Distilleries: The company stated that as of June 2023 they have captured 18.4 percent market share in Odisha making them the second largest player in terms of market share in the state. The company is looking to further expand their presence in the state.
Bajaj Consumer Care: The company has launched a new product called Bajaj 100 percent Pure Henna aimed at the domestic hair care market.
Monumental cars: The company announced that they have formed a wholly owned subsidiary called ‘Aeromark Cars’ through a related party transaction. Aeromark Cars, which has yet to start operations, intends to continue sales, aftersales and related business.
HDFC: The Competition Commission of India (CCI) has cleared the proposed acquisition of an additional stake by Housing Development Finance Corporation (HDFC) in HDFC ERGO General Insurance.
RVNL: RVNL has clarified in news reports that there is a crack in the joint venture between the company and TMH and says this is factually incorrect.
CALL: Bharat Electronics Ltd (BEL) has received orders worth Rs 5,900 crore so far in FY 2023-24.
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