Stocks in the news: HDFC Bank, Coal India, Vedanta, MapmyIndia and Strides Pharma

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Nifty futures on the Singapore Exchange traded 305 points, or 1.88 per cent lower at 15,880, signaling that Dalal Street was headed for a negative start on Monday. Here are a dozen stocks which may buzz the most in today’s trade:

Bank: The largest private sector lender of India said it has registered a 23 per cent growth in total advances in Maharashtra to Rs 3.28 lakh crore in FY22, and it commands a 13 per cent share by total business perspective in the western state.

Coal India: The state-owned coal firm floated two medium-term tenders for sourcing 6 million tonnes (MT) of coal from overseas, a move aimed at securing domestic fuel supplies amid the fear of shortage during monsoon. These two tenders for a total of 6 million tonnes coal have an option of increasing the bid quantity by 100 per cent to 12 MT.

Vedanta: The mining major said that it has forayed into iron ore mining operations overseas through its arm Western Cluste, Liberia. WCL (Western Cluster Limited, Liberia) is a wholly-owned arm of Bloom Fountain (BFL) which is a wholly-owned subsidiary of Vedanta.

Strides Pharma: The drug maker is recalling over six lakh bottles of blood pressure lowering drug Losartan Potassium tablets in the US market in multiple strengths due to deviation from standard manufacturing norms, according to a USFDA report.

CE Info Systems: The homegrown navigation firm MapmyIndia said it has collaborated with India’s space agency ISRO which will enhance the quality of its 3D maps. The company is developing new maps as part of its foray into the metaverse.

Berger Paints India: The paint maker said that one of the 23 employees hospitalized after a fire at its Howrah Plant has succumbed to his injuries, while 17 are out of danger and expected to be discharged soon.

IIFL Finance: British International Investment (formerly known as CDC Group) offloaded 1.6 crore equity shares in the financial firm through open market transactions on June 10. However, Max Life Insurance Company acquired 24.6 lakh equity shares and Nomura India Investment Fund Mother Fund bought 44,74,548 shares of the company.

Lemon Tree Hotels: The hotel firm has signed a license agreement for a 44 -room hotel in Gajuwaka, Visakhapatnam, Andhra Pradesh under its brand ‘Keys Lite by

‘. The hotel is expected to be operational by March 2023. Carnation Hotels, a subsidiary and the hotel management arm of the company, will operate the property.

Jammu & Kashmir Bank: The state owned lender said its board has approved the appointment of Pratik D Punjabi as the Chief Financial Officer.

Precision Wires India:
The metal firm said the board has approved additional capital expenditure of Rs 25 crore for capacity enhancement and modernization which will result in further capacity enhancement of about 3000 MT per year at Silvassa unit.

Astron Paper & Board Mill: The company recorded a sharp fall in consolidated profit at Rs 0.32 crore for the quarter ended March 2022 against a profit of Rs 6.8 crore in same period last year, dented by muted revenue and lower other income. Revenue fell to Rs 143.2 crore from Rs 143.8 crore during the same period.

Future Retail: The National Company Law Tribunal has adjourned till June 14 hearing of Amazon’s petition opposing initiation of insolvency proceedings against debt-ridden

. After hearing the arguments of Rajiv Nayar, counsel of the e-commerce giant, the NCLT Mumbai bench said it will continue the hearing of the matter on June 14.

Ansal Housing:
The housing finance firm has received a notice from

(HDFC). HDFC through its notice intimated that if dues are not cleared by the promoters (borrowers) against their personal loans, the HDFC may invoke or sell shares of

as held and pledged by the promoters.

Deccan Health Care: The microcap health service company in its BSE filing said the board on June 13 will discuss allotment of 13,29,750 equity shares of the company on preferential basis to Venture Gurukool Investment Trust for Rs 4.99 crore.