Domestic equity markets are likely to open on a flat note on Thursday following Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.
Here is a list of top stocks that are likely to be in focus today:
ITC: Diversified ITCBSE 0.70 % is seeking nod from its shareholders for additional remuneration of its Non- Executive Chairman Y C Deveshwar that includes a monthly salary of Rs 1 crore among others.
UCO Bank: State run lender UCO Bank, which is planning to raise Rs 3,000 crore capital in the current fiscal, is hoping to turn profitable in the next financial year, an official said on Wednesday.
Rashtriya ChemicalsBSE -4.32 % and Fertilisers: The government will sell over 2.75 crore equity shares in Rashtriya Chemicals and Fertilisers (RCF) on June 29-30 for about Rs 200 crore as part of its plan to divest shares in PSUs. The government currently holds 80 per cent stake in RCF and will offload 5 per cent through the Offer for Sale (OFS) route.
Axis Bank: Private sector lender Axis BankBSE 3.60 % has raised Rs 3,500 crore by issuing debt securities on a private
placement basis.
Eris Lifesciences: Shares of the company are set to debut on the stock market on Thursday after concluding its initial public offer last week. The company’s IPO was oversubscribed 3.29 times during June 16-20.
Fortis Healthcare: Fortis HealthcareBSE -0.21 % on Wednesday said its shareholders have approved increasing shareholding limit for foreign institutional investors to up to 74 per cent from 24 per cent at present.
Mindtree: Mid-sized IT firm Mindtree on Wednesday said its Board has approved a buyback plan of Rs 270 crore. The company will buy back up to 43.2 lakh shares, comprising 2.5 per cent of the total paid up equity share capital at a price of up to Rs 625 per equity share, the company said in a regulatory filing.
Eicher Motors: HSBC raised target price of Eicher MotorsBSE 0.35 % to Rs 30,500 per share from Rs 26,400 per share.
IDBI Bank: The finance ministry has told the Prime Minister's Office that the revival of state run IDBI BankBSE 1.11 % will take a while longer, said people with knowledge of the matter. The PMO had written to the finance ministry seeking a progress report.
Godrej Industries: The company will sell shares in the initial public offer (IPO) of its group firm Godrej Agrovet to raise up to Rs 400 crore. Godrej IndustriesBSE 0.99 % owns 60.8 per cent in Agrovet, which is in businesses such as agri-inputs, animal feeds, palm oil manufacturing, dairy and poultry.
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