Airtel, SBI, Central Bank of India, IOB and other stocks to watch out for on June 22

Jun 22, 2021

By: Rounak Jain

Credit: BCCL

Bharti Airtel

Partnered with the Tata Group for implementing a 5G network. Airtel will launch its pilot rollout of 5G from January 2022.

Credit: BCCL

SBI

Approved raising ₹14,000 crore to bolster its Tier 1 capital through Basel-III compliant debt instruments.

Credit: Wikimedia

Central Bank of India, Indian Overseas Bank

Reports suggest that the government has shortlisted both the banks for divestment. Shares of these banks were locked in the 20 percent upper circuit on June 21.

Credit: Central Bank of India

Earnings today

NMDC, Aster DM Healthcare, Religare Enterprises, Jindal Worldwide, PNB Gilts, Sastasundar Ventures, GE Power India, ITI, Bharat Electronics, Ashapura Minechem.

Credit: Pixabay

PNB Housing Finance

Securities Appellate Tribunal has allowed it to go ahead with the vote on its ₹4,000 crore worth fundraising led by The Carlyle Group.

Credit: PNB Housing Finance

Oil India

It reported an 8 percent decline in its March 2021 quarter profit to ₹848 crore, however its revenue increased to ₹3,910 crore from ₹3,584 crore a year ago.

Credit: Oil India

Dish TV

It has approved a ₹1,000 crore rights issue at a price of ₹10 per share.

Credit: Dish TV

Delta Corp

Its casinos in Goa and Sikkim will remain closed till June 28 due to an extension of lockdown in the states.

Credit: Unsplash

KPIT Technologies

Will acquire a 60 percent stake in PathPartner Technology for ₹89 crore, with the rest planned to be acquired over the next two years.

Credit: KPIT Technologies

Indian Bank

Its fundraising via qualified institutional placement began on June 21, at a floor price of ₹142.15 per share.

Credit: BCCL

PNB Housing Finance, Reliance, oil companies and other stocks to watch out for on June 21