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market | IST

Stocks to watch out for on June 15: Vedanta, ICICI Bank, Lupin

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Check out the top stocks to watch out for in today's market session.

The Indian market closed largely lower on Thursday after the US Federal Reserve raised interest rates by 25 basis points and indicated two more rate hikes in 2018.
The Sensex shed 139 points to close at 35,600, while the Nifty ended the session with a fall of 49 points at 10,809.
Here are the stocks to watch out for
  • Vedanta: Vedanta Resources is considering options including lay-offs for some of the 2,000 employees of its iron ore business in southwest India that was shut down by a court, two sources told Reuters.
  • ICICI Prudential Life Insurance:  The life insurance company's offer for sale includes the greenshoe option and was fully subscribed at an average of Rs 392.50 per share.
  • ICICI Bank: The bank requested the National Company Law Tribunal (NCLT) to initiate proceedings against infrastructure major Punj Lloyd under the Insolvency and Bankruptcy Code (IBC).
  • Lupin: The pharma company got the US FDA's approval for generic Drospirenone, Ethinyl Estradiol, Levomefolate Calcium Tablets, used to prevent pregnancy.
  • TCS: The board will meet on Friday to discuss the share buyback proposal reportedly of Rs 10,000 crore.
  • Everest Kanto: The company's lenders moved towards conducting a forensic audit into the books and receive internal approvals for the audit.
  • HCL Tech: Falck selected the IT company to create a transformational end-to-end infrastructure services contract.
  • Reliance Infrastructure: The company said the Maharashtra Electricity Regulatory Commission reserved its order into proposed sale of Mumbai power business to Adani Transmission.
  • Alembic Pharma: The company received US FDA's approval for Doxycycline Hyclate Capsules.
  • Hindustan Oil Exploration Company: The company expects a 50 percent increase in Dirok gas field reserves.
  • Tata Steel: Tata Steel's Europe branch announced a cross-licensing agreement with POSCO.
  • Infibeam: Ahmedabad-based Infibeam said it has appointed former Snapdeal executive Jason Kothari as President.
  • M&M: Mahindra Electric Mobility, an arm owned by M&M,  said it will partner with Zoomcar, Ola and Uber, to boost sales of its electric passenger vehicles.