Stocks Under Focus on June 20: Axis Bank, ICICI Bank, Engineers India & More

  • Stock Market News
Stocks Under Focus on June 20: Axis Bank, ICICI Bank, Engineers India & More
Credit: © Reuters.

By Malvika Gurung -- AXIS Bank (NS: AXBK ): The private sector major has appointed Manoj Kohli as an independent director for 4 years.

ICICI Bank (NS: ICBK ): Credit agency Moody’s has upgraded the baseline credit assessments of the private lender and Axis Bank (NS: AXBK ), indicating their credit fundamentals are improving, especially asset quality. 

Indiabulls (NS: INBF ) Housing Finance: The mortgage lender has revised its reference rates on housing loans and MSME loans by 50 basis points in tandem with other lending institutions’ rate hikes after RBI raised repo rate by 50 bps recently.

Delta Corp (NS: DELT ): The gaming company’s subsidiary Deltatech Gaming has filed a DRHP with SEBI for raising a Rs 550 crore IPO.

Adani Wilmar (NS: ADAW ): The FMCG giant slashed the price of its edible oils by Rs 10 on Saturday after the government decided to lower import duties on the commodity.

Poonawalla Fincorp (NS: POON ): Sanjay Chamria and Mayank Poddar have offloaded 52.48 lakh equity shares of the NBFC at an average price of Rs 229/piece, amounting to Rs 120 crore via open market transactions.

Nazara Technologies (NS: NAZA ): The company will make a strategic investment of up to Rs 20.1 crore in subsidiary Absolute Sports by means of the share acquisition of promoter Porush Jain.

Engineers India (NS: ENGI ): The EPC company has secured three separate projects worth Rs 80 crore from specialised chemicals, sunrise and infrastructure sectors.

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