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Stocks to watch: ICRA, Allahabad Bank, DHFL, Cox & Kings, JSW Energy, JSPL

Here's a list of some of the companies whose shares are expected to trade actively in today's session.

SI Reporter  |  New Delhi 

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At 08:00 am, Nifty futures on the Singapore Exchange (SGX) were trading 20 points or 0.17 per cent higher at 11,922.50, indicating a positive start for the Indian market.

Here's a list of some of the companies whose shares are expected to trade actively in today's session -

ICRA: The board of rating agency ICRA on Monday has asked its Managing Director and Chief Executive Officer Naresh Takkar to go on indefinite leave, pending an enquiry into concerns raised by the market regulator the Securities and Exchange Board of India (Sebi).

Allahabad Bank: Allahabad Bank might partially exit Universal Sompo General Insurance Company, a joint venture (JV) between public sector banks, Allahabad Bank and Indian Overseas Bank (IOB), along with Karnataka Bank, Dabur Investment Corporation, and Sompo Japan Nipponkoa Insurance (a wholly owned subsidiary of Japan’s Sompo Holdings). READ FULL REPORT

DHFL: Lenders to Dewan Housing Finance Ltd (DHFL) will sign an inter-creditor agreement (ICA) by July 5 to begin a restructuring plan.

Lemon Tree Hotels: The mid-range hotel chain will acquire Keys Hotels for Rs 471 crore in a bid to expand its portfolio.

Bharti Airtel: Bharti Airtel and Bharti Hexacom on Monday announced the merger of the consumer mobile businesses (CMB) of Tata Teleservices (TTSL) and Tata Teleservices (Maharashtra) (TTML) with the two Bharti Group companies.

SBI: State Bank of India (SBI), the nation’s largest lender by assets, is planning to raise as much as Rs 7,000 crore ($1 billion) through a perpetual debt sale as it seeks to boost capital buffer and bolster loans.

Rallis India: The company has received a letter from the Gujarat Pollution Control Board (GPCB) directing it to suspend its operations at its unit in Dahej, Gujarat.

Cox & Kings: The tour operator defaulted on Rs 50 crore commercial paper on Monday. This is the second default by the company. Last week, it defaulted on a commercial paper of Rs 150 crore.


Prakash Industries has received the grant of surface right permission to operate the Sirkaguttu Iron & Manganese Mines in Keonjhar District of Odisha.

Sadbhav Group stocks: As per reports, Sadbhav Infra has inked definitive agreements with IndInfravit Trust, an InvIT sponsored by L&T Infrastructure Development Projects (L&T IDPL), to sell its entire equity shareholding in nine operational road projects to IndInfravit for an enterprise value of about Rs 6,610 crore.

Tata Steel BSL: The Serious Fraud Investigation Office (SFIO) Monday filed a 70,000-page complaint in the Bhushan Steel case wherein the probe agency has found "extreme misuse" of the corporate structure by the promoters which reduced corporate governance requirements to paper formalities, sources said.

JSW Energy, JSPL: Billionaire Sajjan Jindal's JSW Energy Monday announced termination of Rs 6,500 crore deal with Jindal Steel and Power Ltd (JSPL) to acquire its 1,000 MW power plant in Raigarh district of Chhattisgarh.

Tata Motors: Homegrown auto major Tata Motors Monday reported 14 per cent decline in total sales at 49,073 units in June.

Cipla: As per reports, staff of the production and manufacturing units of Cipla went on strike to protest against the unjust treatment meted out to them in Baddi, Himacahal Pradesh.

First Published: Tue, July 02 2019. 08:02 IST
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