Buzzing Stocks: Coal India, DHFL, Reliance Power and other stocks in news today
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Ruchi Soya to raise up to Rs 4,300 crore
Edible oil firm Ruchi Soya, which is owned by Baba Ramdev-led Patanjali Ayurveda, has filed draft document with SEBI to launch a follow-on public offer (FPO) for raising up to Rs 4,300 crore. The FPO is being launched to meet the SEBI norm of minimum public shareholding of 25 percent in a listed entity.
Ruchi Soya Industries was quoting at Rs 1,264.25, up Rs 21.90, or 1.76 percent on the BSE.
Results on June 14
Coal India, IDFC, Indian Overseas Bank, Aditya Consumer Marketing, Arihant Capital Markets, BF Investment, BFL Asset Finvest, BF Utilities, Gayatri Projects, Globus Spirits, Greenply Industries, Hemisphere Properties India, IFB Industries, JB Chemicals & Pharmaceuticals, Jaiprakash Power Ventures, Kajaria Ceramics, Kellton Tech Solutions, Mirc Electronics, Satin Creditcare Network, Singer India, Swelect Energy Systems and Uttam Sugar Mills will release quarterly earnings on June 14.
Gainers and Losers on the BSE Sensex in the early trade:
Market Opens: Indian indices opened lower on June 14 amid mixed global cues with Nifty around 15750.
At 09:16 IST, the Sensex was down 54.17 points or 0.10% at 52420.59, and the Nifty was down 39.40 points or 0.25% at 15760. About 1276 shares have advanced, 791 shares declined, and 106 shares are unchanged.
Shyam Metalics And Energy IPO Opens For Subscription Today; Analysts Say Subscribe
According to brokerages, the company looks attractive relative to its peers such as Tata Steel and JSW Steel
Indian markets are likely to open flat to negative and remain at record highs on the back of mixed global cues as more Indian states ease pandemic restrictions leading to resumption in business activities. US markets ended higher post release of macroeconomic data ahead of Federal Reserve meeting this week.
Market at pre-open: Benchmark indices are trading mixed in the pre-opening session.
At 09:02 IST, the Sensex was up 143.62 points or 0.27% at 52618.38, and the Nifty was down 23.00 points or 0.15% at 15776.40.
FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 18.64 crore, while domestic institutional investors (DIIs) purchased shares worth Rs 666.36 crore in the Indian equity market on June 11, provisional data available on the NSE showed.
Nish Bhatt, Founder & CEO, Millwood Kane International
Industrial production grew at 134% for the month of April 2021 despite lockdown. There cannot be an absolute comparison as the astonishing figure is due to its comparison to the data recorded last year for the same month (April 2020) where most parts of the country were facing a severe lockdown. The industrial growth has slowed down 13% if compared month on month (March ’21 vs April ’21). The second wave has had its bearing on the industrial activities and may reflect on May IIP data too.
Moving forward, the industrial activity will pick up on a durable basis only once the pace of vaccination reaches a substantial milestone, number of cases comes under control and the respective state governments allow permission for regular economic activities.
DAILY VOICE | Stocks In Utilities, Oil & Gas Trading At Attractive Valuations: Srinivas Rao Ravuri Of PGIM India Mutual Fund
Ravuri is also positive on sectors such as IT, healthcare and industrials