We had mentioned in previous week’ closing report that Nifty, Sensex would remain on an uptrend. On Monday, the indices opened higher and ended with minor gains. On the NSE, there were 887 advances, 1,094 declines and 322 unchanged.
The trend of the major indices on Monday’s trading are given in the table below:
Shares of Dewan Housing Finance Corporation (DHFL) have been suspended for trading by BSE and NSE with effect from 14 June 2021. The stocks continued to be traded on both the exchanges despite the company formally informing the exchanges that the worth of equity shares is zero.
Adani Group stocks hit the lower circuit after media reports emerged that NSDL froze the accounts of foreign portfolio investors Albula Investment Fund, Cresta Fund and APMS Investment Fund who held Rs 45,000 crore worth of shares of the group’s various firms.
DLF reported a consolidated profit of Rs 480.94 crore against a loss of Rs 1,857.76 crore in the year-ago period. Consolidated revenue grew by 1.1% YoY to Rs 1,712.57 crore.
City based Indian Overseas Bank (IOB) plans to raise additional funds from a follow-on equity issue and Rs.1,000 crore by issue of bond.
Meera Industries has received an export order of USD 159,000/- from a prime manufacturer of carpet yarn in Turkey.
Shriram Transport Finance Company raised Rs. 1,998.98 crores via a qualified institutions placement of equity shares.
Natco Pharma’s marketing partner Breckenridge Pharmaceutical Inc. received approval for its drug application for Carfilzomib Vials from the U.S. Food and Drug Administration.
Bharat Heavy Electricals reported consolidated net loss of Rs 1,036.32 crore in the March 2021 quarter from Rs 1,532.18 crore in the year-ago period. Total income rose to Rs 7,245.16 crore from Rs 5,166.64 crore year-on-year.
Sun TV Network reported net profit of Rs 449.88 crore against Rs 250 crore YoY. Revenue increased to Rs 782 crore from Rs 735.16 crore YoY.
Ruchi Soya Industries has filed a draft document with SEBI to launch a follow-on public offer for raising up to Rs 4,300 crore. The FPO is being launched to meet the SEBI norm of minimum public shareholding of 25% in a listed entity.
Kajaria Ceramics reported a consolidated net profit of Rs 131.2 crore against Rs 48 crore YoY. Revenue rose 46.1% to Rs 952.5 crore versus Rs 652 crore, YoY.
Vaishali Pharma has launched worldwide a series of immunity booster products to improve immunity and fight against disease-causing germs like bacteria, viruses, parasites and fungi etc.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below: