RIL, SBI, Zee Entertainment among stocks to watch out for on June 8

Jun 8, 2022

By: Bhakti Makwana

Reliance Industries

Reliance Jio becomes the first telecommunications company to provide 4G mobile services in Pangong Lake, Ladakh.

Credit: BCCL

State Bank of India

The state-owned lender appointed Alok Kumar Choudhary as the new managing director replacing Ashwani Bhatia.

Credit: BCCL

Zee Entertainment Enterprises

Life Insurance Corporation of India (LIC) bought additional two lakh equity shares in the media company via open market transactions.

Credit: BCCL

Hindustan Copper

The company resumed mining operations at the Surda mine in Ghatshila, Jharkhand after the renewal of lease and obtaining the required environment clearance from the Ministry of Environment, Forest and Climate Change.

Credit: BCCL

Punjab National Bank

The Bank's Board has approved investing ₹500 crore in PNB Housing's rights issue.

Credit: BCCL

RBI rate hike

Sectors such as banking, financial services, auto, realty and others will be in focus as RBI will announce its rate hike decision today.

Credit: BCCL

Hotel stocks

Hotel occupancies in India surpassed the 65 percent mark in April 2022, up 100 basis points from April 2019, with the Mumbai region remaining the market leader with record-high hotel occupancies, reported Mint.

Credit: BCCL

Cineline India

The company’s board has approved the issuance of up to 27 lakh warrants for ₹35.10 crore to promoters by way of a preferential issue. These warrants are convertible into equity shares within 18 months at a price of ₹130 per share.

Credit: BCCL

Wockhardt

The pharma company has appointed Deepak Madnani as the new chief financial officer with immediate effect on June 7.

Credit: BCCL

India's retail inflation dropped below 7% in July for the first time in four months