Pre-market: 5 stocks likely to be in the limelight

Here are a few stocks that you need to keep a tab on today

JK Cement plans to raise Rs 300 crore long-term fund through issue of securities or non convertible debentures. The board of directors approved this proposal in a meeting held on June 10.

 

India Global Competitive Fund, part of Kolkata-based Srei group, offloaded nearly 22 lakh shares of United Spirits  for a little over Rs 597 crore.

 

Apollo Tyres plans to expand the manufacturing capacity for off-highway tyres by investing about Rs.400 crore in its Kerala plant. 

 

TCS is likely to witness a nominal decline in operating margins in Q1FY15, largely due to a forex impact and wage hikes. Moreover, the software major indicated the appreciation in rupee in the quarter was likely to impact the company’s top line.

 

 

Foreign institutional investors (FIIs) can now purchase up to 49 per cent stake in telecom operator Idea Cellular Ltd. The FII limit in the company was 24 per cent earlier.