The Indian market is likely to open lower on Friday tracking losses in Asian peers that fell after an overnight plunge in Wall Street on fears of a second wave resurgence of the coronavirus pandemic.
Here are the top 10 buzzing stocks for today:
1. HDFC Ltd:
The mortgage lender will raise up to Rs 4,000 crore by issuing bonds on private placement basis. The issue size of the secured redeemable non-convertible debentures is Rs 2,100 crore and will open on June 15, 2020, with the option to retain over-subscription up to Rs 1,900 crore.
2. SBI Life Insurance: State Bank of India to sell up to 2.1 crore equity shares or 2.1 percent stake via an offer for sale on June 12 and 15 at a floor price of Rs 725 per share.
3. Infosys: The IT major has launched ‘Return to Workplace’ solutions to help enterprises build safe, nurturing and resilient workplaces. It has also launched the ‘Summer of Ideas’, an online learning initiative.
4. Wipro: The company has partnered with Cloudknox Security to secure multi-cloud and hybrid cloud infrastructure. Wipro Ventures, the corporate investment arm of Wipro, has invested in CloudKnox through its recently announced $150 million Fund II, to strengthen the strategic partnership.
5. Lupin: The company has received USFDA approval for Albendazole Tablets USP, 200 mg. The drug is an anthelmintic drug indicated for the treatment of parenchymal neurocysticercosis due to active lesions caused by larval forms of the pork tapeworm and cystic hydatid disease of the liver, lung, and peritoneum, caused by the larval form of the dog tapeworm.
6. Ashok Leyland: The company expects the market conditions to remain volatile and challenging. With the current levels of debt and available lines of credit, the company believes it is sufficiently funded to meet all its financial commitments during the year.
7. Fortis Healthcare: The COVID-19 pandemic has impacted the revenues and profitability of the company which became more evident in April 2020 with YoY occupancy in the hospital business falling to 29 percent versus 66 percent in the corresponding previous period. The diagnostics business of the company also witnessed a 75 percent drop in volumes in the month of April versus the corresponding previous period, it said.
8. DCB Bank: The bank plans to raise up to Rs 500 crore through equity or other instruments.
9. KNR Constructions: The company reported Q4FY20 net profit at Rs 84.82 crore versus Rs 108.86 crore and revenue at Rs 730.14 crore versus Rs 765.35 crore, YoY.
10. Kirloskar Ferrous Industries: The company has commissioned 20 MW power generation plant at its Koppal Plant. The power will be generated by using waste gas generated from the Coke Oven Plant. It will be utilized primarily for captive consumption resulting in a reduction of power cost, it said.