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Top stocks to watch out for on June 12: RIL, Yes Bank, Tata Steel, Reliance Capital

Updated : June 12, 2019 08:58 AM IST

Indian shares are set for a mixed start on Wednesday ahead of retail inflation and industrial production data due to be released later in the day. According to a Reuters poll, India’s retail inflation rate rose to 3.01 percent in May from a year earlier, up from 2.92 percent in April. Indian benchmark indices settled with gains in the previous session led by metal stocks. Asian shares traded cautiously higher amid concerns of US-China trade relations and ahead of key economic data from China. At 7.05 AM, the SGX Nifty futures traded 9 points lower, or 0.08 percent down at 11,972, indicating a muted start for the Sensex and the Nifty 50. Here are the top stocks to watch out for in today's trade:

Yes Bank: Moody’s has put the bank’s ratings under review for downgrade, citing Mumbai-based bank's exposure to finance companies. Also, the Reserve Bank of India has imposed a penalty of Rs 11.25 lakh on prepaid payment instrument (PPI) issuer Yes Bank for non-compliance with regulatory norms. (Image: Reuters)
Yes Bank: Moody’s has put the bank’s ratings under review for downgrade, citing Mumbai-based bank's exposure to finance companies. Also, the Reserve Bank of India has imposed a penalty of Rs 11.25 lakh on prepaid payment instrument (PPI) issuer Yes Bank for non-compliance with regulatory norms. (Image: Reuters)
The EU's powerful anti-trust authority on Tuesday blocked the merger of German industrial conglomerate Thyssenkrupp with Indian steel giant Tata, an expected veto that kills the deal. (Image: Reuters)
The EU's powerful anti-trust authority on Tuesday blocked the merger of German industrial conglomerate Thyssenkrupp with Indian steel giant Tata, an expected veto that kills the deal. (Image: Reuters)
DHFL: Dewan Housing Finance Corp Ltd said it has paid Rs 962 crore towards interest payment on debt instruments which fell due on June 4, and would seek a rating upgrade as it met the seven-day
DHFL: Dewan Housing Finance Corp Ltd said it has paid Rs 962 crore towards interest payment on debt instruments which fell due on June 4, and would seek a rating upgrade as it met the seven-day "cure period" to pay off its obligation. (Image: Reuters)
Reliance Capital: PWC has resigned as one of the statutory auditors of the company with effect from June 11. The auditor said it did not receive a satisfactory response from the company with regards to certain observations it made as part of the ongoing assessment of FY2018-19. According to PWC, these actions by the Company have prevented it from performing its duties as statutory auditors.
Reliance Capital: PWC has resigned as one of the statutory auditors of the company with effect from June 11. The auditor said it did not receive a satisfactory response from the company with regards to certain observations it made as part of the ongoing assessment of FY2018-19. According to PWC, these actions by the Company have prevented it from performing its duties as statutory auditors.
Reliance Industries: RIL and its partner BP plc of UK announced sanction for development of their deepest gas discovery in the eastern offshore KG-D6 block. MJ, or D55, development is the third project that the partners have taken up to revive flagging natural gas production from KG-D6 block. (Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.) (Image: Reuters)
Reliance Industries: RIL and its partner BP plc of UK announced sanction for development of their deepest gas discovery in the eastern offshore KG-D6 block. MJ, or D55, development is the third project that the partners have taken up to revive flagging natural gas production from KG-D6 block. (Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.) (Image: Reuters)
Adani Green Energy Ltd: Promoters decided to sell up to 93,584,300 equity shares, representing 5.98 percent of the paid-up equity share capital, by way of an offer for sale. (Image: Company)
Adani Green Energy Ltd: Promoters decided to sell up to 93,584,300 equity shares, representing 5.98 percent of the paid-up equity share capital, by way of an offer for sale. (Image: Company)
HDFC Bank: The largest private sector lender has decided to begin a global search to find a successor to the founding-chief executive Aditya Puri, who retires in October 2020. (Image: Company)
HDFC Bank: The largest private sector lender has decided to begin a global search to find a successor to the founding-chief executive Aditya Puri, who retires in October 2020. (Image: Company)
Voltas: CFO Abhijit Gajendragadkar has resigned from the company. The board approved the proposal for deputy managing director Anil George taking over the charge of CFO in place of Gajendragadkar. (stock image)
Voltas: CFO Abhijit Gajendragadkar has resigned from the company. The board approved the proposal for deputy managing director Anil George taking over the charge of CFO in place of Gajendragadkar. (stock image)
Oriental Bank of Commerce: It has cut marginal cost based lending rate for one-year tenor loan by 5 basis points to 8.70 percent. (Image: Reuters)
Oriental Bank of Commerce: It has cut marginal cost based lending rate for one-year tenor loan by 5 basis points to 8.70 percent. (Image: Reuters)
Simplex Infra: CARE revised long term facilities ratings to CARE A- Negative from CARE A- Stable. (Image; Company)
Simplex Infra: CARE revised long term facilities ratings to CARE A- Negative from CARE A- Stable. (Image; Company)
Larsen and Toubro: LIC has sold a 2.017 percent stake in L&T via open market between July 2017 and June 2019. (Image: Reuters)
Larsen and Toubro: LIC has sold a 2.017 percent stake in L&T via open market between July 2017 and June 2019. (Image: Reuters)
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