Buzzing Stocks: Coal India, DHFL, Reliance Power and other stocks in news today
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Nifty Bank index fell 1 percent dragged by the PNB, IDFC First, RBL Bank
Reliance Power board approves fundraising up to Rs 1,325 cr:
The board of Reliance Power has approved the plan to raise funds up to Rs 1,325 crore through preferential issue of equity shares, the Anil Ambani-backed company announced on June 13.
The Board of Directors, who met earlier in the day, gave their assent to the proposed plan of preferential allotment of up to 59.5 crore equity shares to group company Reliance Infrastructure Limited. The shares would be allotted at an issue price of Rs 10 each.
Reliance Power touched a 52-week high of Rs 13.37 and quoting at Rs 13.35, up Rs 0.61, or 4.79 percent on the BSE.
Anil Kumar Bhansali – Finrex Treasury Advisors:
USDINR a bit on the stronger side as dollar index rises with inflation and equities fall. Range for the day 72.80 to 73.40. Exporters now getting a chance to sell which should be used for near term sales. Dollar has risen for five consecutive days and maybe higher today also. Importers to take a back seat for now.
Adani Group Stocks Tumble 5-20% On Reports Of NSDL Freezing 3 FPI Accounts
NSDL has frozen the accounts of Albula Investment Fund, Cresta Fund and APMS Investment Fund, which together own more than Rs 43,500 crore worth of shares in Adani Enterprises, Adani Green Energy,…
Zydus Cadila receives tentative USFDA approval:
Zydus Cadila has received tentative approval from the USFDA to market Brivaracetam Tablets, in the strengths of 10 mg, 25 mg, 50 mg, 75 mg, and 100 mg (US RLD: Briviact Tablets). Brivaracetam is used to treat partial-onset of seizures (epilepsy), company said in its release.
Cadila Healthcare was quoting at Rs 653.60, down Rs 11.40, or 1.71 percent on the BSE.
Rupee Opens:
Indian rupee opened 14 paise lower at 73.21 per dollar on Monday against previous close of 73.07, amid selling seen in the domestic equity market.
On June 11, rupee ended near the day’s low at 73.07 per dollar against previous close of 73.06.
Adani Group stocks tumble 5-20% after NSDL freezes 3 FPI accounts
Adani group stocks have taken a beating on June 14 after NSDL freezed three FPI accounts owning Adani Group shares.
National Securities Depository Ltd (NSDL) has frozen the accounts of three Foreign Portfolio Investors (FPI) — Albula Investment Fund, Cresta Fund and APMS Investment Fund — which together own over Rs 43,500 crore worth of shares in four Adani Group companies-Adani Enterprises, Adani Green Energy, Adani Transmission, Adani Total Gas. As per the depository’s website, these accounts were frozen on or before May 31, according to a Economic Times report.
Market at 10 AM
Benchmark indices erased some of the early losses but still trading lower with Nifty around 15700.
Adani group stocks have taken a beating on June 14 after NSDL freezed three FPI accounts owning Adani Group shares.
At 10:01 IST, the Sensex was down 190.81 points or 0.36% at 52283.95, and the Nifty was down 75.80 points or 0.48% at 15723.60. About 884 shares have advanced, 1839 shares declined, and 111 shares are unchanged.
Tata Steel, Infosys, Wipro, TCS and Shree Cements were among major gainers, while losers were Adani Ports, UPL, Coal India, SBI and HDFC.
Except IT, all other sectoral indices trading in the red. BSE Midcap and Smallcap indices shed 1 percent each.
DLF share price sheds 3%:
DLF share price shed 3 percent on June 14 even after the real estate company reported a consolidated profit of Rs 480.94 crore in March 2021 quarter against a loss of Rs 1,857.76 crore in the year-ago period.
The company’s consolidated revenue from operations grew by 1.1 percent year-on-year to Rs 1,712.57 crore, DLF said on June 11.
Coal India To Announce Q4 Results Today; Here What Brokerages Expect
Coal India share price has rallied 15.5 percent in 2021. In the last 12 months, the stock is up 18.6 percent.
