Garden Reach Shipbuilders Stock: The company entered into an agreement with Germany-based Carsten Rehder Schiffsmakler & Reederei GmbH & Co.
On 21st June, both Nifty and Sensex closed with marginal declines, though the Nifty 50 index touched a new high during the opening session. The Nifty 50 index closed at 23,501.10 points, down 65 points, while the BSE Sensex closed at 77,209, down 269 points.
The decline was driven by significant selling pressure in heavyweight stocks such as HDFC Bank, Reliance Industries, L&T, HUL, Axis Bank, and Bajaj Finance. Conversely, top gainers in the Nifty 50 included Bharti Airtel, LTIMindtree, Adani Ports, Hindalco, and Infosys, while major losers included Ultratech Cements, Adani Ports, BPCL, Tata Motors, and Tata Consumer Products.
Stocks to be in focus today, according to Zee Business Experts
- Ujjivan Small Finance Bank: The company gave FY25 guidance, where in it declared Gross loan book growth 20 per cent & Credit cost 1.7 per cent, Net Interest Margin nine per cent.
- Tata Steel: Tata Steel employees in the UK will strike for the first time in 40 years. Around 1,500 employees will go on strike from July 8.
- Vedanta Stock: Promoter Vedanta Resources may sell a 2.5 per cent stake through a block deal in the coming weeks. Can sell nine crore shares for Rs 4000 crore.
- MCX Stock: Names of candidates shortlisted for the post of MD & CEO in the board meeting. Regulatory approval will be taken for appointment to the post.
- ONGC/IOC Stock: Both the companies signed a MoU to set up small-scale LNG plants.
- CarTrade Tech Stock: Highdell Investment and MacRitchie Investments may offload 7 per cent and 3.4 per cent stake respectively in the entity at a floor price of Rs 820 per share.
- Indraprastha Gas Stock: The company raised the price of CNG by Rs 1 per kg will keep the share in focus.
- Garden Reach Shipbuilders Stock: The company entered into an agreement with Germany-based Carsten Rehder Schiffsmakler & Reederei GmbH & Co. KG to construct and deliver four multi-purpose vessels at a cost of approximately $45 million or Rs 451.23 crore.
- Prestige Estates Stock: The company’s board approved raising Rs 5000 crore via the QIP route. Also, it has formed a sub-committee for the monetisation of its subsidiary Prestige Hospitality Ventures.
- Fertiliser Stocks: Stocks like National Fertilizers Limited (NFL), Rallis India and Chambal Fertilisers among others will be in focus as the proposal for reducing GST on fertilisers has been sent to the Group of Ministers (GoM) for rate rationalisation.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)