SBI, Wipro, Adani Group and other stocks to watch out for on June 17

Jun 17, 2021

By: Rounak Jain

SBI

Its board will meet on June 21 to consider raising Tier-1 capital through issuance of debt securities, either via a public offer or through private placement.

Credit: Wikimedia

Wipro

It has partnered with Exaware to develop engineering solutions with respect to networking, 5G technology upgrades and setting a foot in the door with respect to 6G.

Credit: Wipro

Adani Group

The Adani Group stocks continued to remain under pressure despite clarifying the news about the suspension of accounts of its foreign institutional investors. This could extend to today as well as the bears take charge.

Credit: Adani-Enterprises

US Fed to hike interest rates sooner than expected

Dow Jones tumbled after the US central bank signalled a dial back in the stimulus that fueled an economic recovery in the country.

Credit: Unsplash

Earnings today

Power Grid Corporation, Natco Pharma, Novartis India, Hindustan Media Ventures, IFB Agro Industries, Indostar Capital Finance, Jammu & Kashmir Bank, Power Mech Projects.

Credit: Pixabay

Federal Bank

Issued equity shares worth ₹916 crore to World Bank associates. It will also raise ₹4,000 crore via qualified institutional placement, rights issue etc., and ₹8,000 crore via debt instruments.

Credit: Federal-Bank

Allcargo Logistics

The company’s Board will meet on June 23 to consider raising ₹1,000 crore via debt.

Credit: Wikimedia

Shriram Transport Finance

It will redeem bonds worth ₹450 crore issued in January 2019.

Credit: Shriram-Transport-Finance

Welspun Enterprises

Its March 2021 quarter net profit fell by half to ₹41 crore from ₹89 crore, but revenue surged by over 16 percent to ₹601 crore, year-on-year.

Credit: Welspun

Tata Motors

The Tata group company is considering extending the term of its managing director Guenter Butschek by another year.

Credit: BCCL

ISGEC Heavy Engineering

It has received an order from Tata Projects for above ground piping spools, for a major project in the hydrocarbon sector.

Credit: ISGEC-Heavy-Engineering

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