Reliance Industries, Tata Motors, Jet Airways and other stocks to watch out for on June 10

Jun 10, 2021

By: Rounak Jain

Reliance Industries

Some of its product shipments could get delayed after an emergency shutdown of the company’s catalytic cracker unit in Jamnagar refinery.

Credit: BCCL

Bajaj Finance

Its shares surged by over 3 percent, closing in on the ₹5,900 mark in the first half of the day.

Credit: Unsplash

Divis Labs

Shares of the active pharmaceutical ingredient (API) maker have surged by over 3.5 percent, making it the top gainer on the Nifty50 index at 12pm.

Credit: Divis-Labs

Tata Motors

It has set up a committee to consider raising ₹500 crore via non-convertible debentures.

Credit: BCCL

Jet Airways

Its planned annual general meeting scheduled for June 8 has now been pushed to June 14.

Credit: BCCL

Earnings today

Century Plyboards India, Cera Sanitaryware, eClerx Services, Mazagon Dock Shipbuilders, NHPC, Parle Industries, Shankara Building Projects, Steel Authority of India, Tide Water Oil India.

Credit: Pixabay

Bata India

It reported a 23 percent fall in its net profit in the March 2021 quarter to ₹30 crore, while revenue fell by 5 percent to ₹590 crore, year-on-year.

Credit: BCCL

GAIL

It has announced plans to spin off two of its gas pipeline projects via an infrastructure investment trust (InvIT).

Credit: BCCL

Reliance Power

Its board will meet on June 13 to consider proposal to raise long-term funds from domestic or global markets.

Credit: Reliance-Power

Wipro

Its subsidiary Wipro IT Services LLC has approved the issuance of dollar-denominated notes totaling to $750 million (approx. ₹5,470 crore).

Credit: Wipro

Affle (India)

It has acquired Jampp, a leading programmatic mobile marketing company, for $41.3 million (approx. ₹300 crore).

Credit: Affle

TeamLease Services

It reported a profit of ₹20 crore in the March 2021 quarter against a loss of ₹29 crore a year ago. Revenue increased marginally to ₹1,341 crore from ₹1,330 crore, year-on-year.

Credit: TeamLease-Services

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