Stocks to watch today(4th June). HDFC LIfe, Aurobindo Pharma, RIL, Tata Steel, JSPL, Religar Enterprises, GAIL
HDFC Life Promoter Housing Development Finance Corporation, sold 2.6 crore shares of HDFC Life on Wednesday, stocks sold were worth of 1,274 crore
In the Match quarterm the company reported a 45% jump in tis consolidated net profit of Rs848 crore. Aurobindo Pharma had a net profit of Rs585.22 crore for the respective period.
RIL will move closer to its plan of becoming zero-debt company by March 2021.
The rights issue of RIL was subscribed 1.6 times on the closing on Wednesday.
Tata Steel will raise Rs400 crore through a debt. The company has approved allotment of 4000 non-convertible debentures with face value of Rs10 lack each on private placements.
Steel maker JSPL dsiclosed a 9% fall in consolidatedd crude steel production to 6.2 lakh tonne for May.
The company has raised ₹300 crore by divesting stake in group firm Religare Health Insurance Company Ltd to Kedaara Capital. The company claimed it has retired previous loan and has become completely external debt free.
Natural gas company GAIL India and Energy Efficiency Services (EESL) signed a memorandum of understanding, for development of ‘trigeneration’ projects in India