Tuesday, June 18: Stocks to watch: Last week, Indian stock markets closed at a record high. The Indian leading indices, Sensex and Nifty, have reached new all-time highs of 77,145 and 23,490, respectively, for the second week in a row.
Due to Bakri Eid, the stock market will not be open for trade on Monday. The official website of the National Stock Exchange (NSE) states that trading will resume on Tuesday.
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The following stocks will be highlighted on Monday, June 18:
1/8 Paytm/Zomato:
Zomato Paytm and Adani Stocks in Focus on Tuesday
For the aforementioned transaction, Zomato and Paytm are in talks, but no final decision has been made as of yet.
2/8 HAL
A request for proposals for the purchase of 156 light combat helicopters was released by the Ministry of Defence.
3/8 Alembic Pharmaceutical
The company received the final approval from the US Food and Drug Administration (USFDA) for a single-dose prefilled syringe containing 30 mg/3 mL (10 mg/mL) of imitabant injection. This is the first time the company has gained approval for a peptide product from the USFDA.
4/8 Finance IIFL:
In the fourth quarter of 2024, which ended in March, IIFL Finance’s net profit on a consolidated basis decreased by 6% year over year (Y-o-Y) to Rs 430.6 crore (Q4) as a result of larger provisions and losses from adjustments to fair value.
5/8 Ispat and Godawari Power:
The board authorized a 301 crore share repurchase at a price of Rs 1,400 each.
6/8 Infosys
On July 18, the business will release its Q1 results.
7/8 RITES:
A memorandum of understanding (MoU) for innovation in rail infrastructure works is signed by the company and Damodar Valley Corporation.
8/8 Biocon:
Three observations were made by the US FDA regarding Biocon’s API facility in Visakhapatnam, Andhra Pradesh.
Account opning link:
- Groww Account- https://app.groww.in/v3cO/kyrp1zph
- Kotak neo Account https://kotaksecurities.ref-r.com/c/i/32531/109103906
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