Hero MotoCorp, Jet Airways and other stocks to watch out for on June 23

Jun 23, 2021

By: Rounak Jain

Credit: BCCL

Hero MotoCorp

Its two-wheeler prices are set to increase by ₹3,000 from July 1, making it the third price hike by the company in 2021.

Credit: Hero MotoCorp

Jet Airways

The NCLT Mumbai bench has approved the resolution plan submitted by a consortium led by Kalrock Capital and Murari Lal Jalan.

Credit: BCCL

Earnings today

Allcargo Logistics, Apollo Hospitals Enterprise, Hindustan Construction, Schneider Electric Infrastructure, Precision Wires India, Andrew Yule & Company, Sharda Motor Industries.

Credit: Pixabay

Vedanta

It has bagged Odisha’s Kuraloi (A) North coal block which has a coal mine reserve of 1,680 million tonnes, which will also bolster the company’s aluminum smelter plant in Jharsuguda.

Credit: Vedanta

HDFC Bank

Will hire 500 people over the next two years to boost its technology infrastructure. This includes building new businesses as well as upgrading the legacy infrastructure.

Credit: BCCL

IPO Watch

Shares of the Hyderabad-based Dodla Dairy and Krishna Institute of Medical Sciences will be allotted today.

Credit: Flickr

NMDC

Its March 2021 quarter net profit surged by over 8 times to ₹2,834 crore while revenue more than doubled to ₹6,848 crore, year-on-year.

Credit: NMDC

Bharat Electronics

Its March 2021 quarter net profit jumped by 31 percent to ₹1,368 crore, while revenue increased by nearly a fifth to ₹6,917 crore, year-on-year.

Credit: Bharat Electronics

Centrum Capital

It reported a net loss of ₹5.5 crore in the March 2021 quarter against a profit of ₹25 crore a year ago. Revenue increased by 18 percent to ₹148 crore, year-on-year.

Credit: Centrum Capital

GE Power India

Its March 2021 quarter net profit increased marginally to ₹16 crore from ₹14.9 crore a year ago. Revenue increased by 27 percent to ₹931 crore, year-on-year.

Credit: GE Power India

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