Stocks in Focus on July 1: SBI, Eveready to DHFL; here are the 5 Newsmakers of the Day
Benchmarks Domestic indices on Friday, June 28, 2019, closed with losses for the second session in a row.
Benchmarks Domestic indices on Friday, June 28, 2019, closed with losses for the second session in a row. However, there were certain stocks that made news after the markets were closed for trading and can impact the market after they reopen for trading purposes on Monday, July 1, 2019. Here is a list of five such stocks:
State Bank of India (SBI): The stock of the country's largest lender, SBI, will be in focus today because the bank has linked its home loan rate with repo rate.
UPL: Shares of UPL will turn ex-bonus on Tuesday, July 3, 2019. Earlier, the Indian multinational approved an issue of bonus shares to the members of the company by a capitalisation of its reserves in the ratio of one bonus equity share for every two existing shares held by the members as on record date July 3. Investors wishing to receive the bonus shares must become shareholders of the company by Monday.
Eveready Industries India Ltd (EIIL): Price Waterhouse & Co Chartered Accountants LLP had quit as Eveready Industries’ auditor. It said that it has been unable to obtain sufficient audit evidence of inter-company deposits and its recovery.
In its place, Singhi & Co Chartered Accountants has been appointed.
Dewan Housing Finance Corporation (DHFL): Lenders of the troubled and cash-strapped DHFL are scheduled to meet Today, July 1, 2019, seeking a solution to the Rs90,000 crore debt that it owed to them.
Indiabulls Housing Finance Ltd (IBHFL): The mortgage lender will be buying back all the non-convertible debentures (NCDs) valuing up to Rs2,285 crore that is maturing during July and August 2019.
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