Top stocks to watch on June 21: Tata Steel, Vodafone Idea, Vedanta, ONGC and more

SUMMARY

Stocks to Watch: The Dalal Street is expected to open in green tracing positive cues from global markets. SGX Nifty futures were up 0.2 percent to 15,392.5 as of 7:14 am on Tuesday. Shares of Tata Steel, Vodafone Idea, Vedanta ONGC and others will be in focus today. Here are top stocks to watch out for in trade on June 21 -

By CNBCTV18.comJun 21, 2022 7:29:11 AM IST (Published)

Vedanta Ltd | The energy and mining company has decided to sell its copper smelter in Tuticorin, Tamil Nadu. The proposed sale comes after years of protests against the smelter and its operations over allegations of pollution.

Tata Steel Ltd | Reports suggest that the steel company imported about 75,000 tonnes of coal from Russia in the second half of May, after pledging to stop doing business with Russia.

Vodafone Idea Ltd | The telecom operator has proposed a fundraise of up to Rs 500 crore through the issuance of equity shares or convertible warrants on a preferential basis to one or more entities belonging to Vodafone Group.

Bharat Forge Ltd | The company has approved consolidation of its electric vehicle business initiatives, for a better strategic alignment, under Kalyani Powertrain (KPL), a wholly-owned subsidiary. It has also approved the transfer of the company's stake in Refu Drive GmbH, the joint venture company, to KPL.

Oil and Natural Gas Corporation Ltd | The Ministry of Petroleum and Natural Gas has extended the additional charge of the post of Chairman and Managing Director (CMD) to Alka Mittal, Director (HR), for a period of two months, or appointment of a regular CMD, whichever is the earliest.

Engineers India Ltd | The company has appointed Sanjay Jindal, Director (Finance) as Chief Financial Officer for a period of five years, or till the date of his retirement or until further orders, whichever is earliest.

Inox Wind Energy Ltd | Inox Green Energy Services, a subsidiary of Inox Wind, has filed preliminary papers with capital markets regulator SEBI to raise Rs 740 crore through an initial public offering (IPO).

Equitas Holdings Ltd | Equitas Small Finance Bank announced that the bank and its parent company have made a joint application for the scheme of amalgamation at the National Company Law Tribunal, Chennai Bench.

IDBI Bank Ltd | An IDBI Bank-led group of lenders has invited bids for the auctioning of immovable property owned by Great Indian Tamasha Company, to recover pending dues owed to the consortium.

Suven Life Sciences Ltd | The company's Board of Directors will be meeting on June 24 to consider raising funds through issue of equity shares to existing equity shareholders.