Stocks To Focus: Nestle, Indigo, ONGC, YES Bank, BoB, Bajaj Consumer, And Others

By siliconindia  |  Friday, 21 June 2024, 11:07:27 AM IST

Stocks To Focus: Nestle, Indigo, ONGC, YES Bank, BoB, Bajaj Consumer, And Others
Indian markets are poised for a slight uptick at the opening on Friday, influenced by mixed performances across Asian markets. As of 7:12 AM, Japan's Nikkei was trading 0.11 percent higher after the release of May's inflation data, which indicated a headline inflation rate of 2.8 percent, up from April's 2.5 percent. However, Japan's core inflation rate, excluding food prices, fell short of expectations at 2.5 percent. In contrast, Korea's Kospi declined by 0.85 percent, while Australia's ASX200 saw a marginal decrease of 0.10 percent.
Nestle India: The board will meet on July 8 to announce an interim dividend for FY 2024-2025. The record date for eligibility is scheduled for July 16.
Medplus: Optival Health Solutions Private Limited, a subsidiary of Medplus, faced a one-day suspension of its drug license for a store in Sarjapura, Karnataka, potentially impacting revenue by Rs 1.39 lakhs.
Indiabulls Real Estate: The company has officially changed its name to ‘Equinox India Developments Limited,’ effective from June 20.
Bajaj Consumer Care: The board has set July 2 as the record date for identifying eligible equity shareholders for the buyback.
Dhanlaxmi Bank: Ajith Kumar K K has been appointed as the Managing Director & CEO, effective from June 20, for a term of three years.
Tube Investments: TL Clean Mobility Private Limited, a subsidiary, allocated 3.1 crore Series A3 compulsorily convertible preference shares and 50 equity shares to Luxembourg Specialist Investment Fund FCP-RAIF.
Insurance companies: Insurance companies are not allowed to promote unit-linked or index-linked products as investment products, as per the regulations of IRDAI.
Persistent Systems: The company has proposed a dividend of 10 per equity share for the fiscal year 2023-2024.
YES Bank: The board of YES Bank will convene on June 25 to assess and approve a plan to raise funds by issuing debt instruments.
IndiGo: No-frills carrier IndiGo has partnered with Garuda Aviation Academy to train future junior first officers as part of the airline's Cadet Pilot Program.
Bank of Baroda: Bank of Baroda has named Chayani Manoj Sundar as the bank's CFO, effective from June 21, 2024.

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