CNBC-TV18's top stocks to watch out for on June 18

SUMMARY

The Indian market is likely to open lower on Thursday following losses in Asian peers as the recent rise in coronavirus cases weighed on investor sentiment and the India-China border tensions continue. At 7:05 am, the SGX Nifty was trading 94.50 points or 0.95 percent lower at 9,802.25, indicating a negative start for the Sensex and Nifty50.

By CNBC-TV18Jun 18, 2020 7:39:17 AM IST (Updated)

Telecom Companies: Bharti Airtel and Vodafone Idea will be in focus as the Supreme Court will hear the AGR case today.

Housing Finance Companies (HFCs): The Reserve Bank of India (RBI) proposed changes in the regulatory framework for HFCs. The proposed rules call for a clear demarcation between loans towards homes and other types of loans, define systemically important HFCs, propose doubling of net owned funds threshold, and seek to forbid an HFC from lending simultaneously to a construction company as well as individual homebuyers in that project.

HDFC Asset Management Company: The offer for sale to non-retail investors has been subscribed 2.7 times.

Muthoot Finance: The company reported 52.4 percent rise in Q4FY20 net profit at Rs 835.78 crore from Rs 548.56 crore, YoY, due to higher demand for gold loans.

DCB Bank: The bank said that the amount in overdue categories, where the moratorium was extended as on March 31, 2020 was Rs 1,908.08 crore. As on May 31, 2020, the amount stands reduced to less than Rs 710 crores.

India Cements: The company has clarified that reports of Radhakishan Damani considering taking control of the company are factually incorrect.

JK Cement: The company reported Q4FY20 profit at Rs 164.13 crore versus Rs 137.89 crore while revenue at Rs 1,545.65 crore versus Rs 1,564.55 crore, YoY.

Indraprastha Gas: The company’s net profit in Q4FY20 fell 2.2 percent to Rs 290.8 crore from Rs 297.4 crore in the previous quarter. Revenue declined 6.7 percent QoQ to Rs 1,552.5 crore.

Fortis Healthcare: The company reported a loss of Rs 41.2 crore in Q4FY20 as against a profit of Rs 151.2 crore, YoY. The revenue fell 6 percent on-year to Rs 1,112.9 crore.

Pidilite Industries: The company's net profit in Q4FY20 fell 33.9 percent to Rs 156.5 crore from Rs 236.9 crore while revenue declined 5.8 percent to Rs 1,544.7 crore from Rs 1,639.3 crore, YoY.

Karnataka Bank: The bank in association with Universal Sompo General Insurance has launched a special health insurance policy to cover the uncertainties posed by COVID-19.

Texmaco Rail: The company reported Q4FY20 loss at Rs 100.75 crore versus a profit of Rs 31.84 crore and revenue at Rs 433.68 crore versus Rs 656.2 crore, YoY.

Q4FY20 Earnings: City Union Bank, VST Tillers Tractors, Bajaj Consumer Care, Brigade Enterprises, Capacite Infraprojects, IRB Infrastructure Developers, Suven Pharmaceuticals, Thermax, Caplin Point Laboratories, CARE Ratings, Hikal, Magma Fincorp, MOIL, Thomas Cook (India), Whirlpool India, GSFC, Gujarat Alkalies, among others.