Stocks Under Focus on Jun 21: ONGC, Vodafone Idea, Bharat Forge & More

  • Stock Market News
Stocks Under Focus on Jun 21: ONGC, Vodafone Idea, Bharat Forge & More

By Malvika Gurung -- Tata Steel (NS: TISC ): The leading steelmaker has reportedly imported nearly 75,000 tonnes of coal in the second half of May from Russia, weeks after pledging to not do any business with the country.

ONGC (NS: ONGC ): The Ministry of Petroleum and Natural Gas has extended the additional charge of Chairman and MD to Alka Mittal for two months, or until a regular CMD is appointed.

Vodafone Idea (NS: VODA ): The telco’s board will conduct a meeting on Wednesday to consider fundraising of up to Rs 500 crore from Vodafone Group (LON: VOD ).

Adani Power (NS: ADAN ): The company is done with the complete (100%) acquisition of equities in Support Properties and Eternus Real Estate from their respective shareholders for about Rs 609 crore.

Bharat Forge (NS: BFRG ): The leading forging company has approved the consolidation of its EV business initiatives under the subsidiary Kalyani Powertrain, for improved strategic alignment.

Lic Housing Finance (NS: LICH ): The mortgage lender’s prime lending rate has risen by 60bps, with new interest rates coming into effect from June 20.

IDBI Bank (NS: IDBI ): IDBI Bank-led group of lenders have invited bids for selling the property of Great Indian Tamasha Company, to recover dues aggregating to about Rs 7,250 crore as of Dec 2021.

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