Stocks To Watch: HCL Tech, Polycab, BHEL, RBL Bank, Ambuja, JSW Infra, AU SFB, And Others

Stocks To Watch On June 28: Benchmark Nifty hit a lifetime high, crossing the psychological mark of 24,000 for the first time ever, making it the 24th all-time high in 2024. In today’s trade, shares of HCL Tech, Polycab, SAMHI Hotels, Archean Chemical, and Ambuja Cement among others due to various news-related developments.

Telecom stocks: Reliance Industries, Bharti Airtel and Vodafone Idea likely to hog the limelight by Reliance Jio, the telecom arm of Reliance Industries (RIL) announced a tariff hike of up to 25 per cent.

Stanley Lifestyles: To debut on the bourses today. Grey Market Premium (GMP) indicates a likely listing gain of up to 50 per cent.

BHEL: The company has secured Rs 13,000 crore order to set-up 1600 MW-thermal power project in Jhankhand.

RBL Bank: To raise up to Rs 6,500 crore through combination of QIP, debt issue.

Raymond: The company’s board has approved reappointment of Gautam Singhania as MD.

India Cements: Ace investor Radhakishan Damani and related entities sold around 6.91 crore shares or about 24% stake in India Cements through a block deal to Ultratech Cement.

SAMHI Hotels: GTI Capital Alpha likely to sell 3% stake in Samhi Hotels via block deals, according to reports. RBL Bank board approves fund raising up to Rs 3,500 crore via QIPs in one or more tranches by issuance of debt securities.

Polycab: Promoters are likely to sell up to 2.04% stake in Polycab through block deals, according to reports.

JSW Infrastructure: JSW Infrastructure’s arm JSW Port Logistics to acquire majority stake of Navkar Corporation.

Raymond: Raymond shareholders approve the reappointment of Gautam Singhania as MD of the company.

HCL Tech: HCL Tech is likely to see a block deal of 0.46% equity worth Rs 1,757 crore on Friday, according to multiple reports.

AU Small Finance Bank: AU Small Finance Bank to raise funds up to Rs 5,000 crore through QIP and other modes to borrow by issue of debt instruments.

Ambuja Cements: The Board of Ambuja Cements approved the merger of Adani Cementation with the company.