New Delhi: Here are the top 10 stocks that could be in focus on Wednesday:
state Bank of India: India’s largest lender State Bank of India (SBI) on Tuesday Deposit rates hiked by 15-20 basis points (bps) in three maturity buckets. This hike comes after the Reserve Bank of India (RBI) hiked the repo rate twice in a row in May and June to rein in inflation. SBI last hiked deposit rates in February.
Bharti Airtel: is introduced Xstream Multiplexer, a 20-screen platform with access to a content portfolio from leading over-the-top (OTT) partners, available on its Xstream app. Users will be able to access the multiplex service on the Metaverse platform called Partynight Metaverse. Separately, Fitch Ratings has revised the outlook on Bharti Airtel’s long-term foreign currency (FC) issuer default rating (IDR) from ‘stable’ to ‘negative’ and downgraded FC-IDR and senior unsecured bond ratings to ‘BBB-‘. on confirmed. ,
NTPCState-owned utility firm will commence commercial operation of its 15 MW solar capacity at Kawas Solar Project in Gujarat. The capacity is part of the 56 MW Kawas Solar Project located at Kawas near Surat.
Asian PaintsPaint company acquires 51% stake in WeatherSeal Fenestration 18.84 crores, making it a subsidiary of the company.
IDBI BankInterest rates have been increased by up to 25 basis points (bps) on retail fixed deposits of less than Rs. 2 crores. The revised rates will be applicable from June 15 for various tenures for domestic term deposits, non-resident ordinary (NRO) and non-resident external (NRE) term deposits.
Ashok LeylandSwitch Mobility, the electric mobility arm of commercial vehicle maker Ashok Leyland, hopes to have a Orderbook pipeline of 1,000 electric buses By the end of this financial year, India is witnessing a significant jump in demand for electric buses for public transport. The company also aims to launch its electrified range of light commercial vehicles within this financial year.
PNB Housing Financewill rise to : 2,000 crore by issuing bonds on private placement basis. The housing finance company, promoted by city-headquartered Punjab National Bank, was trying to raise equity capital. 4,000 crore and a deal with joint venture partner Carlyle Group among other investors. However, the deal fell through due to the following regulatory and legal challenges.
Sterlite Technologies: Manufacturer of fiber optic cables and other telecom gear Up to 25% increase in sales To 7,000 crore in the current financial year, helped by Orders worth Rs 11,000 crore, including orders from Europe and America. The company is also building Open-RAN, or O-RAN, solutions to help telecom service providers deploy 5G networks.
life insurance corporationOver the past few months, through open market purchases, Hindustan Unilever Ltd, Hero MotoCorp and non-banking finance company Capri Global Capital have increased their stake. LIC’s stake in Hero MotoCorp has increased from 9.16% of the company’s paid-up capital to 11.25%.
GR InfraprojectsSubsidiary GR Bandikui Jaipur Expressway Pvt Ltd has entered into a concession agreement with the National Highways Authority of India. worth the project Bharatmala Project Phase-I in Rajasthan on hybrid annuity mode for Rs 1,368 crore involves construction of a 4-lane greenfield expressway from Delhi-Vadodara Greenfield Expressway near Bandikui to Jaipur.