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CNBC-TV18's top stocks to watch out for on June 29

Updated : 2020-06-29 07:37:21

The Indian market is likely to open lower on Monday following losses in global markets as a surge in coronavirus cases raised concerns over the opening of economies. At 7:00 am, the SGX Nifty was trading 46.25 points or 0.45 percent lower at 10,271.80, indicating a negative start for the Sensex and Nifty50.

 ITC:  The company reported a 9.05 percent rise in Q4FY20 standalone net profit to Rs 3,797.08 crore while revenue fell 6.4 percent to Rs 11,420.04 crore from Rs 12,206.03 crore, YoY. The company recommended a dividend of Rs 10.15 for FY20.
ITC: The company reported a 9.05 percent rise in Q4FY20 standalone net profit to Rs 3,797.08 crore while revenue fell 6.4 percent to Rs 11,420.04 crore from Rs 12,206.03 crore, YoY. The company recommended a dividend of Rs 10.15 for FY20.
 Piramal Enterprises:  Carlyle Group will buy a 20 percent stake in the company’s subsidiary Piramal Pharma for $490 million or Rs 3,700 crore via fresh equity issuance. The transaction values Piramal Group's pharma business at an enterprise value of $2.8 billion with an upside option of $360 million if it meets certain milestones in FY21. This will mean an infusion of an additional $72 million from Carlyle at a later date. The deal is likely to be completed in this calendar year.
Piramal Enterprises: Carlyle Group will buy a 20 percent stake in the company’s subsidiary Piramal Pharma for $490 million or Rs 3,700 crore via fresh equity issuance. The transaction values Piramal Group's pharma business at an enterprise value of $2.8 billion with an upside option of $360 million if it meets certain milestones in FY21. This will mean an infusion of an additional $72 million from Carlyle at a later date. The deal is likely to be completed in this calendar year.
 IDBI Bank:  The bank will divest 27 percent stake in IDBI Federal Life Insurance for Rs 595 crore, bringing its holding down to 21 percent. The bank will sell a 23 percent stake to the existing joint venture partner Aegis Insurance and 4 percent to Federal Bank.
IDBI Bank: The bank will divest 27 percent stake in IDBI Federal Life Insurance for Rs 595 crore, bringing its holding down to 21 percent. The bank will sell a 23 percent stake to the existing joint venture partner Aegis Insurance and 4 percent to Federal Bank.
 Glenmark Pharmaceuticals:  The company reported a 36.28 percent rise in Q4FY20 consolidated net profit to Rs 220.3 crore from Rs 161.66 crore while revenue increased 7.96 percent to Rs 2,767.48 crore, YoY.
Glenmark Pharmaceuticals: The company reported a 36.28 percent rise in Q4FY20 consolidated net profit to Rs 220.3 crore from Rs 161.66 crore while revenue increased 7.96 percent to Rs 2,767.48 crore, YoY.
 Coal India:  The company’s Q4FY20 profit fell to Rs 4,625.8 crore from Rs 6,026.5 crore while revenue declined to Rs 27,568.3 crore from Rs 28,585 crore, YoY. (Image: Reuters)
Coal India: The company’s Q4FY20 profit fell to Rs 4,625.8 crore from Rs 6,026.5 crore while revenue declined to Rs 27,568.3 crore from Rs 28,585 crore, YoY. (Image: Reuters)
 NTPC:  The company’s net profit in Q4FY20 fell over 70 percent to Rs 1,523.77 crore from Rs 5,161.39 crore while total income rose to Rs 31,315.32 from Rs 26,116.15, YoY.
NTPC: The company’s net profit in Q4FY20 fell over 70 percent to Rs 1,523.77 crore from Rs 5,161.39 crore while total income rose to Rs 31,315.32 from Rs 26,116.15, YoY.
 DCB Bank:  The bank plans to raise up to Rs 1,000 crore through equity and debt instruments, and will seek shareholders’ approval in its annual general meeting (AGM) on July 11. The bank plans to raise up to Rs 500 crore by qualified institutional placement, and an equal amount by issuing bonds, debentures or securities on a private placement basis.
DCB Bank: The bank plans to raise up to Rs 1,000 crore through equity and debt instruments, and will seek shareholders’ approval in its annual general meeting (AGM) on July 11. The bank plans to raise up to Rs 500 crore by qualified institutional placement, and an equal amount by issuing bonds, debentures or securities on a private placement basis.
 Phoenix Mills:  The company’s board will consider fundraising on June 29.
Phoenix Mills: The company’s board will consider fundraising on June 29.
 Andhra Paper:  Radhakishan Damani's Bright Star Investments acquired 5,00,000 shares in the company at Rs 206.23 per share.
Andhra Paper: Radhakishan Damani's Bright Star Investments acquired 5,00,000 shares in the company at Rs 206.23 per share.
 National Aluminium Company Ltd:  The company reported 57.1 percent fall in Q4FY20 consolidated net profit to Rs 100.51 crore from Rs 234.82 crore while income declined to Rs 2,042.27 crore from Rs 2,863.89 crore, YoY.
National Aluminium Company Ltd: The company reported 57.1 percent fall in Q4FY20 consolidated net profit to Rs 100.51 crore from Rs 234.82 crore while income declined to Rs 2,042.27 crore from Rs 2,863.89 crore, YoY.
 Hind Rectifiers:  The company’s Q4FY20 profit fell to Rs 2.1 crore from Rs 5 crore while revenue declined to Rs 77.9 crore from Rs 83.9 crore, YoY.
Hind Rectifiers: The company’s Q4FY20 profit fell to Rs 2.1 crore from Rs 5 crore while revenue declined to Rs 77.9 crore from Rs 83.9 crore, YoY.
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