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Stocks to watch out for on June 20: Maruti Suzuki, RIL, Jet Airways
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Stocks to watch out for on June 20: Maruti Suzuki, RIL, Jet Airways
Jun 19, 2018 10:50 PM

The rising trade jitters between the US and China led to deep cuts to global markets on Tuesday, with the impact being seen here in domestic equity market too.

Share Market Live

NSE

The BSE Sensex slipped 262 points to 35,287, with Vedanta and Mahindra & Mahindra being worst performing stocks.

The NSE Nifty closed with a fall of 89 points at 10,710, with market breadth being in favour of declines. The NSE advance-decline ratio was at 1:3 at the close.

Here are the top stocks to watch out for

Maruti Suzuki India Limited: A good monsoon will help in increasing demand in the rural areas, said RC Bhargava, chairman of the company.

Strides Shasun: The company said that SBI Mutual Funds bought an additional 0.57 percent stake on Tuesday.

Dabur: With trade channels getting streamlined across the board, consumer goods maker Dabur is eyeing a robust volume growth in the second half of the year.

Tata Power, IDFC Bank: The company said on Tuesday it is in pact with IDFC Bank for automated bill payment services.

Axis Bank: The bank on Tuesday said the reports of considering PS Jayakumar for CEO post are speculative in nature.

PNB Housing Finance: The company is considering to raise funds via non-convertible bonds on June 26. Sources, however, said that a rating agency may announce the company's downgrade within a month.

Glenmark Pharma: The company said on Tuesday that the US health regulator has approved the first product from its Monroe, North Carolina based manufacturing facility.

Jet Airways: The airline will allow only one check-in baggage weighing 15 kilograms or less for its economy class passengers from July 15, 2018, while premiere class passengers will be allowed two check-in bags each less than 15 kilograms.

Reliance Industries: Reliance Jio, a wholly owned subsidiary of RIL, is offering 126 GB 4G data for a period of 28 days at Rs 299.

Cipla: The company received the final nod for its abbreviated new drug application for Efavirenz tablets 600mg from the US FDA.

Cadila Healthcare: The company's Zydus received a tentative approval from the US regulator for Tadalafil tablets on Tuesday.

Disclosure: Reliance Industries, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.

First Published:Jun 20, 2018 7:50 AM IST

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