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Stocks to Watch Today: DHFL, Jaypee Infratech, NHPC, JSW Steel, Wipro

11 Jun , 2021   By : Kanchan Joshi


Stocks to Watch Today: DHFL, Jaypee Infratech, NHPC, JSW Steel, Wipro

NEW DELHI: Here are top ten stocks that may be in the news today.


Auto stocks: Total vehicle registrations in May 2021 fell 54.79% to 5,35,855 units as against 11,85,374 units in April 2021, according to data released by the Federation of Automobile Dealers Associations (Fada) on Thursday. The sales were 70.69% lower when compared to 18,22,566 units sold in May 2019.


NEW DELHI: Here are top ten stocks that may be in the news today.


Auto stocks: Total vehicle registrations in May 2021 fell 54.79% to 5,35,855 units as against 11,85,374 units in April 2021, according to data released by the Federation of Automobile Dealers Associations (Fada) on Thursday. The sales were 70.69% lower when compared to 18,22,566 units sold in May 2019.


JSW Steel: The company said that its crude steel production in May 2021 was up 10% to 13.67 lakh tonnes from 12.48 lakh tonnes a year ago. The average capacity utilisation was 91% as liquid oxygen supplies for medical purposes increased to 30,000 tonnes in May from 20,000 in April.


LIC HFL: The company’s board of directors is scheduled for 15 June to consider fund raising by issue of equity shares and/or other securities by way of preferential issue or through any other permissible modes, subject to such approvals as may be required under applicable law.


NHPC: The company’s board of directors has approved the proposal for raising debt upto Rs4,300 crore during financial year 2021-22 through issuance of secured, redeemable, taxable, non-cumulative, non-convertible taxable corporate bonds in one or more series/tranches on private placement basis.


Tata Power Co. Ltd: The company’s unit Coastal Gujarat Power Ltd has issued and allotted unsecured, rated, listed, taxable, guaranteed, redeemable non-convertible debentures (NCDs) worth RS570 crore on a private placement basis for a tenor of three years.


TCS: The software company said that it has paid Rs33,873 crore through dividend and buyback in FY21. TCS paid Rs16,000 crore alone via a buyback. It returned 95% of free cash flow to the shareholders in the last financial year.


Wipro Ltd: The IT services major said that its step-down subsidiary, Wipro IT Services, has approved a proposal for issuing US dollar denominated notes of up to $750 million. The net proceeds of the notes, which are proposed to be listed on the Singapore Stock Exchange, are intended to be utilised for refinancing existing debt and general corporate purposes, a regulatory filing said.


Yes Bank: The lender’s board has approved the raising of funds worth Rs10,000 crore by issue of debt securities including but not limited to non-convertible debentures, bonds, Medium Term Note (MTN).


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