The BSE Sensex and Nifty 50 finished Monday’s turbulent session flat. The BSE Sensex fell 94 points, or 0.2 percent, to 55,675, while the NSE Nifty 50 index down 0.1 percent to 16569.55.
Here is a list of the top ten stocks that are likely to be scrutinised this week:
Vedanta: Oil-to-metals conglomerate Vedanta announced on Saturday that a committee of its directors has approved a private placement of up to 4,089 crores in debentures.
Sun Pharma: According to a senior company official, Sun Pharma wants to boost its field force in the domestic market by 10% in the current fiscal year in order to pursue the twin objectives of brand focus and geographical expansion.
Adani Transmission: On Friday, India’s largest private-sector transmission and distribution firm said that it has inked formal agreements with Essar Power to purchase its Mahan-Sipat transmission line for Rs. 1,913 crore.
Union Bank of India: The company announced on Friday that the government has appointed A Manimekhalai as managing director and chief executive officer for a three-year term.
Tata Motors: According to a top company official, Tata Motors is preparing to expand its R&D with new hires and upskilling of current staff this fiscal year in order to grow up skills across several business verticals, including the electric vehicle segment.
TVS Motor: TVS Motor Co. Ltd is in advanced talks with private equity companies to invest 4,000-5,000 crore to fund the group’s newly created electric mobility arm’s expansion strategy.
RattanIndia Enterprises: The flagship company of Rattanindia Group recorded a consolidated profit of Rs. 565 crore for the fourth quarter of FY22.
V-Guard Industries: SBI Mutual Funds purchased 59,171 shares of V-Guard Industries through open market transactions on June 2nd.
Bank stocks: Following a strong performance in the most recent quarter and promising prospects in the face of rising interest rates, bank stocks have become popular among stock market analysts.