Top 5 stocks in Focus on June 19: Bharat-22 ETF to PSBs are newsmakers of the day; Here is the list
Interim Finance Minister Piyush Goyal will meet chief executives of various public sector banks (PSBs) today. Published reports suggest that during the meet, bank chiefs are likely to brainstorm on improving credit flow in the economy in a risk-mitigated manner.
The domestic market is likely to be positive today due to domestic institutional investors (DIIs) sentiments towards the market. But there are certain stocks that will remain in news for some of the other reasons and can have an impact on the market on June 19, 2018. Here are the stocks:
Bharat-22 ETF: The Second tranche of Bharat-33 exchange-traded fund (ETF) will be launched today, .i.e. on June 19, 2018. Its subscription for anchor investors will be opened on June 20. The further fund offer (FFO) closes on June 22, 2018. The government plans to raise up to Rs 8,400 crore.
ICICI Bank: ICICI Bank board has appointed ICICI Prudential Life Insurance CEO Sandeep Bakhshi as whole-time director and chief operating officer (COO) of the bank. While, the incumbent MD and CEO of the bank, Chanda Kochhar, who is facing conflict-of-interest allegations, will remain on leave until a committee investigating allegations of impropriety completes its work.
Public Sector Banks: Interim Finance Minister Piyush Goyal will meet chief executives of various public sector banks (PSBs) today. Published reports suggest that during the meet, bank chiefs are likely to brainstorm on improving credit flow in the economy in a risk-mitigated manner.
Glenmark Pharmaceuticals: The company has announced that the US Food and Drug Administration (USFDA) has provided Abbreviated New Drug Application (ANDA) approval for the company's manufacturing facility in Monroe, North Carolina. The approval covers Atovaquone and Proguanil Hydrochloride Tablets.
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Borosil Glass Works: Board of Directors of the Company has approved Issue of Bonus Shares in the ratio of 3:1 (i.e. 3 equity shares to be issued for every one equity share held) subject to the approval of shareholders' and other authorities.