Overnight Digest: Stocks to watch out on June 20
The stocks that are likely to witness significant movement on the bourses on June 20 are International Paper APPM, Rajesh Exports, Adani Green, HDFC Bank and Can Fin Homes.
International Paper APPM: The company has planned Annual Outage (maintenance) from July 29, 2019 to August 28, 2019 in the manufacturing facility located in Rajahmundry in Andhra Pradesh. The estimated loss of production would be around 500 tons per day.
Rajesh Exports: The company has bagged a prestigious order worth Rs. 942 crore of designer range of jewellery from Germany. The said order is to be completed by August 2019.
Adani Green Energy: Adani Renewable Energy Park (Gujarat) (AREPGL), a wholly-owned subsidiary of Adani Green Energy (AGEL) had won bids for setting up 600 MWac ISTS-connected Wind-Solar Hybrid Power Projects in a Tender issued by Solar Energy Corporation of India (SECI). The company has received Letters of Award (LoAs) from SECI for the same.
HDFC Bank: Reserve Bank of India on Tuesday fined country's largest private sector lender HDFC Bank ₹1 crore for not reporting frauds and non-compliance with other directions.
Can Fin Homes: The parent Canara Bank, re-initiated stake sale process in the subsidiary housing finance company. The stocks will be in focus.