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Stocks to watch out for on June 28: Tata Steel, DHFL, Infosys

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Stocks to watch out for on June 28: Tata Steel, DHFL, Infosys


Here are the top stocks to watch out for today.

The Indian market closed in the red, in line with global peers. The Sensex fell 273 points to 35,210 while the Nifty lost 98 points to 10,671.

The biggest fall was seen in midcaps, with the leading index slipping 277 points to 18,183. A drag in midcaps kept the market breadth in favour of declines with the advance-decline ratio at 1:6.
ICICI Bank was the biggest loser despite recovery made in the last hour of trade. The stock closed below 50-day moving average with a fall of over three precent.
Here are the top stocks to watch out for today
  • Tata Steel:  Thyssenkrupp and Tata Steel are closing in on a deal to combine their European steel units this week, four people familiar with the talks told Reuters.
  • DHFL: Housing financier DHFL will raise up to Rs 12,000 crore by issuing bonds on a private placement basis.
  • Bank of Maharashtra:  Ravindra Marathe, the bank's managing director and chief executive officer, has been granted bail by the Pune sessions court, after being arrested for the DSK group loan case, a Moneycontrol report said.
  • Infosys:  Infosys is scheduled to announce its financial results for the June quarter on July 13. 
  • JSW Steel:  The company said it is looking for more deals in Europe and the United States to expand its global footprint, according to a report by Bloomberg.
  • HCL Tech:  HCL Technologies signed an agreement to buy Germany-based IT and engineering services provider, H&D International Group, as part of its long-term growth plan, a Moneycontrol report said.
  • 63 Moons Technologies: The National Company Law Appellate Tribunal stayed the order of NCLT on Wednesday, which had rejected the government's plea to supersede the board of 63 Moons Technologies (formerly Financial Technologies).
  • Allahabad Bank:  The bank will raise up to Rs 1,900 crore through issuance of equity shares via different means. The decision was taken at the annual general meeting of shareholders held on Wednesday.
  • Canara Bank: State-owned Canara Bank will issue up to 6 crore equity shares to its staff to raise up to Rs 1,000 crore under employee stock purchase scheme. The bank has plans to raise Rs 7,000 crore during 2018-19.
  • Fortis Healthcare:  Legal firm Luthra & Luthra's investigation report shows systemic lapses and an override of controls within Fortis Healthcare, a Moneycontrol report said.
  • State Bank of India:  State Bank of India (SBI) has closed six foreign branches and is in the process of closing down another nine branches as part of rationalisation of overseas operations, said Managing Director Pravin K Gupta. 
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