Interest rate sensitive stocks in focus ahead of RBI's rate decision

Shares from interest rate sensitive auto, banking and realty sectors will be in focus ahead of the Reserve Bank of India's (RBI) monetary policy decision today, 6 June 2018.

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) began the second bi-monthly monetary policy meeting on Monday, 4 June 2018. The resolution of the MPC will be unveiled at 14:30 IST today, 6 June 2018.

The board of directors of ADF Foods has approved the buyback of equity shares at a price not exceeding Rs 300 per share for an aggregate amount not exceeding Rs 30 crore, representing 14.52% of the paid up equity capital of the company through open market purchase through Stock Exchange. The maximum number of shares to be bought back under buyback shall not exceed 10 lakh equity shares representing 4.71% of the existing paid up capital of the company. The announcement was made after market hours yesterday, 5 June 2018.

CG Power and Industrial Solutions bagged an order from the Indian Railways valued at Rs 319 crore to supply Under Slung Electrics for Diesel Electric Tower Car (DETC). Large quantities of DETCs are required for massive track electrification drive taken up by Indian Railways across the country. More than 1000 DETCs shall be required for electrification and thereafter for inspection and maintenance in the coming years. The announcement was made after market hours yesterday, 5 June 2018.

NMDC's production & sales of iron ore on a provisional basis upto May 2018 was 4.53 million tonnes. The announcement was made after market hours yesterday, 5 June 2018.

Mcleod Russel India said that the company has decided to dispose of certain tea estates of the company in Assam, namely Beesakopie Tea Estate, Raidang Tea Estate, Daimukhia Tea Estate, Samdang Tea Estate, Baghjan Tea Estate, Bordubi Tea Estate, Koomsong Tea Estate and Phillobari Tea Estate. The company has entered into a Memorandum of Understanding with M K Shah Exports, having registered at Kolkata on 5 June 2018. The announcement was made after market hours yesterday, 5 June 2018.

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