Overnight Digest: Stocks to watch out for June 7

After the rate cut by RBI, BSE Sensex fell by around 553 points. The stocks to watch out for June 7 are DHFL, Marksans Pharma, NR Agarwal, GHCL Limited and Wipro.

DHFL: DHFL defaults on repayment of debt and thus agencies downgrade the rating of its commercial paper making the stock of DHFL fall by nearly 15 per cent closing at Rs. 93.90. It will be interesting to watch the stock.

Marksans Pharma:  The company has received an Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA) for its Goa facility. The stock closed at Rs. 22.70.

NR Agarwal Industries: The company has shut down operations for its Unit 4 for annual maintenance and technical upgradation from June 6 to June 25.

GHCL Limited: Clarification was made by the company regarding the mention of their chairman Sanjay Dalmia’s name in the list of individuals holding Swiss accounts in the ongoing probe against offshore accounts.

Wipro: Wipro’s Founder and Executive Chairman Azim Premji  to retire next month  and hand over the role to his son Rishad Premji.