Stocks to watch on Monday, June 24: Profit booking and poor performance in the fast-moving consumer goods (FMCG) sector caused the Indian stock markets to close lower on Friday during a tumultuous session. The Nifty was up 65 points at 23,501, while the Sensex closed 269 points lower at 77,209 (0.35 percent). The following stocks will be highlighted on Monday, June 24:
1/5 Ujjivan Bank for Small Finance
ONGC Vedanta and Tata Steel are stocks to watch
Ujjivan Small Finance Bank: The business provided the following guidance for FY25 in its investor presentation:Growth in the gross loan book of 20% Growth in deposits in proportion to gross loan book expansion The credit cost was 1.7%, the net interest margin was 9%, and the return on equity (RoE) was 20%.
2/5 Steel Tata, ONGC Vedanta and Tata Steel are stocks to watch
For the first time in forty years, Tata Steel workers in the UK are going on strike. Beginning on July 8, over 1,500 workers will go on strike.
3/5 Vedanta
In the upcoming weeks, promoter Vedanta Resources might sell a 2.5 percent interest through a block deal. able to sell 9 crore shares for 4000 crore rupees.
4/5 MCX:
names of those who made the board meeting’s short list for the MD and CEO positions. Regulatory clearance is required before the position may be filled.
5/5 IOC/ONGC:
A Memorandum of Understanding (MoU) was signed by both businesses to establish small-scale LNG projects. An agreement was made to establish the HATTA gasfield close to the Vindhya Basin.
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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