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Overnight Digest: Stocks to watch out for June 18

Geyatee Deshpande
/ Categories: DSIJ Mindshare, DSIJ News
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Overnight Digest: Stocks to watch out for June 18

As the Sensex fell by around 500 points on Monday, the market is poised for an interesting trading session on June 18. Here are some stocks to follow on June 18; Cadila, Canara Bank, TATA Consultancy Services, Varun Beverages and Himatsingka Seide.

Cadila Healthcare Limited: The company’s Ahmedabad SEZ facility receives an establishment inspection report from USFDA stating Voluntary Action Indicated (VAI) classification. VAI means objectionable conditions or practices were found but the agency is not prepared to take or recommend any administrative or regulatory action.

Canara Bank: India Ratings has assigned Canara Bank A1+ rating for its Rs. 300 billion Certificate of Deposit.

TATA Consultancy Services: Federal Bank has adopted TCS’ digital CASA Account Opening and KYC Services Platform as part of the bank’s account opening process thereby bringing efficiency.

Varun Beverages: The Board of Directors in a meeting have recommended Bonus Issue of Equity Shares in the proportion of 1 (One) Equity Share of Rs. 10 each for every 2 (Two) Equity Shares of Rs. 10 held by the shareholders of the company as on record date, subject to the approval of shareholders.

Himatsingka Seide: The company's promoter group released 100 per cent of the pledged shares of the company. Thus, there is no pledge of any Promoter Group shareholding in Himatsingka Seide Limited.

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