Top stocks in focus: SBI, Kotak Mahindra Bank, DHFL Larsen & Toubro

Check out the companies which will be in focus during trade today based on recent and latest news developments.

Jun 10, 2019 02:06 IST India Infoline News Service

Stocks to watch
State Bank of India introduced a new home loan product linked to the repo rate. Cuts rate for cash credit /overdraft of above Rs1 lakh by 25bps to 8%

The Reserve Bank of India imposed a penalty on Kotak Mahindra Bank for Rs2cr for deficiencies in regulatory compliance.

UTI MF increased markdown to DHFL’s debt securities to 100%; introduced exit load in some schemes on a prospective basis.

Mindtree in focus as Larsen & Toubro made a cash offer of 5.13cr shares, or 31% of the voting share capital at Rs980 per share, aggregating to Rs5,027.4cr, as reported in the exchanges.

M&M to observe no production days ranging between 5-13 days in various plants as part of aligning its production with sales requirements in Q1FY20.

Adani Ports and Special Economic Zone set June 21 as the record date for share buyback.

Manappuram Finance said that it has received a show cause notice from Sebi on May 29.

As per media reports, Norwegian Government to consider selling shares in all global energy stocks on June 12 parliamentary meeting. Norway’s Government Pension Fund Global holds a stake in Indian Oil Corporation, ONGC, Oil India and Reliance Industries Fund owns less than 1% stake in each of the four companies.

Bharat Forge entered into a joint venture agreement with Germany’s Refu Electronik for developing, manufacturing and selling on board controllers and components for e-mobility vehicles.

NCLT approved amalgamation of company’s 3 three units with self on June 6. Only 1 unit of JSW Steel (Salav) is now subject to approval from Ahmedabad NCLT for the amalgamation with the parent company.

UFO Moviez board approved the demerger of Valuable Digital Screen (Caravan Talkies) from UFO Moviez.

Vadilal Industries clarified on the show cause notice issued by the United States Federal Food, Drug, and Cosmetic Act on March 31, stating that re-inspection was undertaken on June 6.

Reliance Infrastructure board meet to consider Q4 adjourned to June 14. Reliance Infrastructure had held a meeting on May 30 which was postponed to June 7 which was then again adjourned to June 8.

MOIL
received environmental clearance for manganese ore mine in an area of 49 hectares for an additional production capacity of 1.2 lakh tonnes per annum. 

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