Stocks to Watch today: PNB Housing, RIL, Vi among others

After a weekend break, the market is ready to open up again on Monday. The top 10 stocks that could make the news today are:

Authum Investment and Infrastructure Ltd.: It has received a letter of interest to acquire the non-bank lender Reliance Home Finance Ltd.’s (RHFL) assets from the latter lead creditor.


Bharat Petroleum Corporation Ltd.: According to people familiar with the matter, the ministry of commerce and industry has floated a draft cabinet note to seek views on a proposal that allows upto 100 percent foreign investment under automatic route in oil and gas public sector undertakings (PSUs). They have an in-principal approval when it comes to disinvestment. If approved, the privatization of Bharat Petroleum Corporation Ltd. could be facilitated.

HDFC Bank: The purchase of more than 3.55 crore shares in HDFC ERGO General Insurance Company for around ₹1,906 crore from the parent company Housing Development Finance Corporation Ltd. (HDFC) is approved by the board of the lender.

ICICI Bank: ICICI Bank Ltd.’s rating outlook by S&P Global Ratings has been revised from ‘negative’ to ‘stable.’

Karnataka Bank: The bank said in a regulatory filing that it has reported to the RBI as regards to frauds in the credit facilities provided to Reliance Home Finance with an outstanding loan of ₹21.94 crore and Reliance Commercial Finance of ₹138.41 crore as fraud.

National Thermal Power Corporation Ltd. (NTPC): The company has reported its standalone net profit for the quarter ended March 31, 2021 rose by 258 percent to ₹4,479 crore.

PNB Housing: SEBI has asked the mortgage lender to temporarily stop its proposed share sale programme. Investors led by Carlyle Group have announced that they would invest ₹5,000 crore in PNB Housing Finance.

Reliance Industries Ltd.: The company might update investors regarding the proposed stake sale in its oil-to-chemical (O2C) business to Saudi Aramco as well as the Jio-Google phone at the annual meeting which will be conducted on June 24.

SBI Cards: On Friday, Carlyle-owned CA Rover Holdings sold 48 million shares or simply 5.1 percent stake of SBI Cards and Payment Services for ₹4,811 crore in a bulk deal.

Vodafone Idea: As reported by Redbox India, the company is eyeing to fundraise ₹5,000-₹7,000 crore via QIPs. It may receive the approval by the Department of Telecom for the fundraise soon.

Meanwhile, the Sensex closed 21.12 points higher with Nifty down by 0.05 percent on Friday. The Indian Stock Market is expected to open in the red as SGX Nifty trends have been indicating a gap-down opening for the index in India with a loss of 190 points.