Yes Bank, Suven Pharma, PowerGrid and other stocks to watch out for on June 11

Jun 11, 2021

By: Rounak Jain

Coal India

Shares of the government-owned coal mining company surged by nearly 5 percent to touch a day’s high of ₹165 as of 10 am.

Credit: BCCL

Suven Pharmaceuticals

It has entered into an agreement to manufacture anti-COVID-19 drugs Molnupiravir and 2-DG.

Credit: Suven-Pharmaceuticals

Reliance Industries

Shareholders with partly paid-up equity shares will get a dividend of ₹3.5 per share – half of the ₹7 dividend that the company had declared.

Credit: BCCL

Power Grid Corporation

It will seek shareholders’ approval for a proposal to issue bonus shares. The meeting is scheduled for June 17.

Credit: BCCL

Yes Bank

The beleaguered bank will seek shareholders’ approval to raise ₹10,000 crore via non-convertible debentures.

Credit: BCCL

Earnings today

BEML, Bharat Heavy Electricals, CG Power and Industrial Solutions, Cochin Shipyard, Deccan Cements, DFM Foods, DLF, Heranba Industries, Likitha Infrastructure, Lumax Industries, Sun TV Network.

Credit: Pixabay

NHPC

It has approved the proposal to raise ₹4,300 crore via issue of non-convertible corporate bonds in the financial year 2021-22.

Credit: NHPC

GOCL Corporation

It has won a ₹287 crore project alongside its subsidiary IDL Explosives from Coal India.

Credit: GOCL

National Fertilizers

Its net loss in the March 2021 quarter narrowed to ₹10 crore from ₹249 crore a year ago. Revenue registered a decline to ₹2,961 crore from ₹3,014 crore, year-on-year.

Credit: National-Fertilizers

Bank of Baroda

It has reduced the benchmark one-year marginal cost of funds-based lending rate (MCLR) to 7.35 percent, down by 0.05 percent. It will be effective from June 12, 2021.

Credit: Bank-of-Baroda

Bank of India

It has identified and declared three non-performing accounts as fraud, worth ₹144 crore, to the RBI.

Credit: BCCL

Godrej Properties

Its subsidiary, Godrej Projects Development, has acquired a 20 percent stake in Vagishwari Land Developers for ₹30 crore.

Credit: Godrej-Properties

Ruturaj Gaikwad and Faf du Plessis ⁠— amazing data on how the two openers led CSK to IPL 2021 championship