Reliance Industries, Ashok Leyland, JSW Energy and other stocks to watch out for on June 25

Dec 21, 2021

By: Rounak Jain

Credit: BCCL

Reliance Industries

The Mukesh Ambani-led company announced the ‘ultra-affordable’ JioPhone Next, 5G collaboration with Google, a ₹75,000 crore green energy plan and more.

Credit: BCCL

Saudi Aramco-RIL deal to conclude this year

Aramco Chairman Yasir Othman Al-Rumayyan will join Reliance Industries’ board as an independent director.

Credit: Reliance

Ashok Leyland

It reported a net profit of ₹241 crore in March 2021 quarter, against a loss of ₹57 crore a year ago. Revenue nearly doubled to ₹7,000 crore from ₹3,838 crore year-on-year.

Credit: Ashok Leyland

Earnings today

JSW Energy, Hindustan Copper, Finolex Industries, Godfrey Phillips India, Antony Waste Handling Cell, Hexa Tradex, Inox Wind, NCL Industries, United Drilling Tools, Indraprastha Gas, Balmer Lawrie & Co, HCL Infosystems, Orient Refractories.

Credit: Pixabay

ONGC

Its March 2021 quarter net profit jumped to ₹6,734 crore from ₹1,258 crore. Revenue surged by over 24 percent to ₹21,189 crore, year-on-year. It also declared a dividend of ₹1.85 per equity share.

Credit: ONGC

LIC Housing Finance

To get an equity infusion of ₹2,335 crore from its parent, which will get equity shares at ₹514.25 per share, which is at a premium of over 12 percent compared to the closing price on June 24.

Credit: LIC Housing Finance

Indian Bank

It has approved the closure of qualified institutional placement at ₹142.15 per share. It received total applications to the tune of ₹1,650 crore.

Credit: BCCL

Union Bank of India

Raised ₹850 crore via allotment of Basel III bonds, with the coupon rate set at 7.19 percent per annum for a 10-year period.

Credit: Union Bank of India

PTC India

Has approved a letter of intent to acquire IL&FS Energy Development Company, a subsidiary of IL&FS, on a slump sale basis.

Credit: PTC India

Aarti Industries

It has opened its qualified institutional placement at a floor price of ₹899.77 per share.

Credit: Aarti Industries

Reliance Industries, Tata Motors, Adani Ports and other stocks to watch out for on June 24