Reliance Industries, Tata Motors, Adani Ports and other stocks to watch out for on June 24

Jun 24, 2021

By: Rounak Jain

Reliance Industries

The Mukesh Ambani-led company is holding its annual general meeting today, with announcements across telecom, retail and oil business expected.

Credit: BCCL

Reliance Industries

Fitch Ratings has upgraded RIL’s foreign currency debt rating to BBB, a notch higher than India’s sovereign rating of BBB Plus.

Credit: Reliance-Industries

Tata Motors

The company’s CEO and MD, Guenter Butschek will step down on June 30. He will continue as a consultant till the end of the financial year.

Credit: BCCL

Adani Ports & SEZ

It could abandon the Myanmar project and write down the investment if it violates US sanctions.

Credit: Adani-Ports-SEZ

Earnings today

Ashok Leyland, ONGC, PTC India, West Coast Paper Mills, Mishra Dhatu Nigam, Nirlon, Rushil Décor, Thangamayil Jewellery, Bodal Chemicals.

Credit: Pixabay

Piramal Enterprises

Its board will meet on June 28 to consider raising ₹1,000 crore via private placement of non-convertible debentures.

Credit: Piramal-Enterprises

IPO Watch

Sona Comstar and Shyam Metalics will debut on the stock exchanges today.

Credit: Flickr

Apollo Hospitals

To transfer its pharmacy distribution business as well as the online platform Apollo 24/7 to a newly formed subsidiary, Apollo HealthCo, for ₹1,210 crore.

Credit: Apollo-Hospitals

Godawari Power & Ispat

It has received approval from the government for the expansion of capacity of iron ore production from 1.405 MTPA to 2.35 MTPA in Ari Dongri Iron Ore Mines in Chhattisgarh.

Credit: Godawari-Power-Ispat

Allcargo Logistics

Its March 2021 quarter net profit fell by nearly 90 percent to ₹5.9 crore from ₹54 crore a year ago. Revenue surged to ₹3,349 crore from ₹1,871 crore, year-on-year.

Credit: Wikimedia

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