Adani group, PNB, Coal India, TCS and other stocks to watch out for on June 14

Jun 14, 2021

By: Rounak Jain

Adani group

Media reports suggest that one of the reasons behind the rally in the shares of the Adani group companies could be due to certain foreign funds hoarding the shares.

Credit: BCCL

...contd

It is worth noting that the market capitalisation of the Adani group has surged from a little over ₹1.6 lakh crore to over ₹8.5 lakh crore in the last one year.

Credit: BCCL

Adani Enterprises

It has incorporated a new subsidiary, namely Adani Cements, which will manufacture and process all types of cement.

Credit: Adani-Enterprises

Banks under pressure

SBI, Kotak Mahindra Bank, ICICI Bank, HDFC Bank were all amongst the top losers on Nifty50, with their share prices down by at least 1 percent as of 12 pm.

Credit: Unsplash

Punjab National Bank

Its share sale of ₹4,000 crore to a group of investors including The Carlyle Group and former HDFC Bank CEO Aditya Puri is under SEBI investigation.

Credit: BCCL

Coal India

It will declare its March 2021 quarter results today.

Credit: BCCL

Earnings today

Coal India, IDFC, Indian Overseas Bank, IFB Industries, Greenply Industries, JB Chemicals & Pharmaceuticals, Kajaria Ceramics, Manorama Industries, Ramky Infrastructure, Tips Industries, Uttam Sugar Mills.

Credit: Pixabay

TCS

It has designed and completed a customer experience transformation programme to Alcatel-Lucent Enterprises to help it improve its sales.

Credit: IANS

Info Edge

It will acquire Zwayam Digital for ₹61 crore. Zwayam is an AI and machine learning-powered talent management platform.

Credit: Info-Edge

Inox Leisure

It has completed its qualified institutional placement (QIP) at a price of ₹310 per share.

Credit: BCCL

Welspun Corp

To enter the ductile iron business with a new greenfield facility in Gujarat at a projected outlay of ₹1,550 crore.

Credit: Welspun-Corp

Lupin

It has received a warning letter from the US FDA for its Somerset facility in the US.

Credit: Lupin

Bank of India

Allotted equity shares worth ₹3,000 crore to the government at a price of ₹71.23 per share, on a preferential basis.

Credit: BCCL

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