Stocks to Monitor: L&T, Coal India, IOC, Sun Pharma, PNB Housing

By siliconindia  |  Thursday, 20 June 2024, 10:15:03 AM IST

Stocks to Monitor: L&T, Coal India, IOC, Sun Pharma, PNB Housing
Stocks to watch on June 20: Indian markets may open slightly higher on Thursday, influenced by a mixed performance in Asian markets. At 7:12 AM, the Asia-Pacific markets showed a varied trend following China’s loan prime rate meeting expectations.
In today's trading, Japan's Nikkei decreased by 0.70 percent, while Korea's Kospi saw a 0.13 percent gain. Australia's ASX200 experienced a slight decrease of 0.03 percent. In the previous trading session, European markets closed with minor declines. The UK’s FTSE rose by 0.17 percent due to inflation figures aligning with forecasts. On the other hand, Germany's DAX fell by 0.35 percent, while the FTSE in the UK increased by 0.60 percent.
L&T Stocks: The company shares will begin trading ex-dividend on Thursday.
Coal India Stock: The Company has awarded 23 closed and discontinued underground mines to private operators on a revenue-sharing model.
Infrastructure Stocks: NHAI, which develops, maintains, and manages national highways in India, is looking to offer 15 road projects worth Rs 44,000 crore, covering 937 km, according to the news agency PTI.
IOC Stock: Indian Oil Corporation (IOC) has formed a joint venture with biofuels company GPS Renewables to promote sustainable energy solutions in the country.
Sun Pharma Industries Stock: The company received a warning letter from the US health regulator for its Dadra plant.
PNB Housing Finance Stock: According to a Zee Business report, Asia Opportunities Fund and General Atlantic may sell 4.2% of PNB Housing Finance at a discounted price of Rs 773 per share.
Avaatar Holdings Stock: Through a block deal, Avaatar Holdings may sell a 1.8 percent stake in the software and consulting company, estimated to be worth Rs 160 crore.
MAS Financial Services Stock: The company has launched a QIP worth Rs 700 crore with a floor price set at Rs 301.31 per share, representing a 3.4 percent discount from the current market price.
Som Distilleries Stock: The Madhya Pradesh government has taken action against the company and has suspended its license in a child labor case.
KEI Industries Stock: Production at the company has halted due to the strike announced by the employees on June 19.

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