Overnight Digest: Stocks to watch out for June 13

The stocks to look out on June 13 include Tata Steel, Yes Bank, IHFL, Tata Power and PFC.

Tata Steel: Even as the European Commission prohibited the joint venture between the company and a German steel producer, its shares closed positive.

Yes Bank: Stock performance of Yes Bank is tipsy as a second resignation from an independent director takes place in just two days.

Indiabulls Housing Finance Limited (IHFL): As the company moved the Supreme Court for an urgent listing of a plea filed against it regarding siphoning of public money, the stock continues to face pressure.

Tata Power: The company receives a grading of Gade 1 ESCO grading from the Bureau of Energy and Efficiency for conducting and implementing business to saving energy and carbon for its consumers and thus creating energy efficiency in India.

Power Finance Corporation (PFC): PFC successfully taps the international market and raises $1 billion through Reg-S. This is PFC’s first issuance in the international market after the acquisition of Government of India n REC.