Stocks To Watch: Prestige Estates, IREDA, HDFC Bank, Sterlite Technologies

Shares of Prestige Estates, IREDA Ltd., HDFC Bank Ltd. and Sterlite Technologies Ltd. will be in focus on Monday.

Prestige Estates Projects Ltd. will raise up to Rs 5,000 crore through qualified institutional placement. The company's board approved the proposal on Friday, according to an exchange filing.

Indian Renewable Energy Development Agency, a state-owned enterprise, raised Rs 1,500 crore through a bond issue, which was oversubscribed by 2.65 times.

Most Asia-Pacific markets declined on Monday as investors await inflation figures from Japan and Australia, scheduled to be published this week.

The Nikkei 225 was 142.05 points or 0.37% higher at 38,738.52 and the S&P ASX 200 was 46.30 points or 0.59% lower at 7,749.70 as of 06:50 a.m.

The significant expiration of options on Wall Street not only caused US stocks to grapple for a definitive trend but also subjected Nvidia, a frontrunner of the bull market on a roller coaster ride.

The S&P 500 Index and Nasdaq Composite fell 0.16% and 0.18%, respectively as on Friday. Dow Jones Industrial Average rose 0.04%.

Brent crude was trading 0.42% lower at $84.88 a barrel. Gold rose 0.06% to $2,323.4100 an ounce.

The GIFT Nifty was trading 34 points or 0.14% lower at 23,421.50 as of 06:52 a.m.

India's benchmark stock indices closed lower on Friday as investors booked profit. However, on a weekly basis, the indices ended higher for the third time, posting a record-high weekly close.

The NSE Nifty 50 fell 111.15 points, or 0.47%, to close at 23,455.85. The S&P BSE Sensex dropped 269.03 points, or 0.35%, to end at 77,209.90.

Overseas investors snapped their buying streak and turned net sellers on Friday. Foreign portfolio investors sold stocks worth Rs 1,790.19 crore, while domestic institutional investors turned net buyers after a day of selling and bought equities worth Rs 1,237.21 crore, according to provisional data from the National Stock Exchange.

The Indian currency strengthened by 11 paise to close at Rs 83.54 against the US dollar.

• Ujjivan Small Finance Bank: The lender has lowered its fiscal 2025 loan growth guidance by 500 basis points as it sees stress building up in some pockets of its business.

• Prestige Estates Projects: The board approved raising up to Rs 5,000 crore via QIP.

• IREDA: The company has successfully raised Rs 1,500 crore today through the issuance of bonds.

• S.P. Apparels: The company completed the acquisition of Young Brand Apparel for Rs 167 crore.

• HDFC Bank: SBI Mutual Fund raises stake in the company to over 5%.

• Sterlite Technologies: The Pre-trial mediation with US-based Prysmian Cables remains unsuccessful. The case against the company filed by Prysmian Cables is to commence trial on July 23.

• Cipla: Blackrock raised its stake in the company to over 5%. USFDA inspection at its manufacturing facility in Goa ended with 6 observations.

• MCX: The company shortlisted names of candidates for the post of MD & CEO. The company will seek regulatory approvals for appointment.

• TVS Motor: The company signed a pact with CSC Grameen eSTORES for a commercial vehicle range.

• Garden Reach Shipbuilders: It has received an order for construction of four multi-purpose cargo ships from a German company. The consideration for the order is $54 million or Rs 450 crore approximate.

• Lupin: The pharma company has received establishment inspection report from U.S. Food and Drug Administration for its Somerset Manufacturing Facility.

• Avenue Supermarts: It has opened a new store in Gopalapatnam, Visakhapatnam. The total number of stores as on date stands at 370

• AGS Transact: Crisil Rating has revised its long-Term rating to “CRISIL A” from “CRISIL A+”. The reason for revision is because of a decline in revenue and delay in collection of receivables.

• DEE Development Engineers: The public issue was subscribed to 99.56 times on day 3. The bids were led by institutional investors (201.91 times), non-institutional investors (144 times), retail investors (23.42 times), Portion for employee reserved (44.73 times).

• Akme Fintrade India: The public issue was subscribed to 55.12 times on day 3. The bids were led by institutional investors (28.12 times), non-institutional investors (130.33 times), retail investors (45.78 times), Portion reserved for Employees (5.53 times).

• Stanley Lifestyles: The public issue was subscribed to 1.44 times on day 1. The bids were led by institutional investors (0.3 times), non-institutional investors (2.01 times), retail investors (1.81 times).

• IndiaMart InterMesh: Westbridge Crossover Fund LLC sold 7.3 lakh shares (1.19%) at Rs 2,601 apiece, while SBI Mutual Fund bought 5.4 lakh shares (0.88%) at Rs 2,601 apiece and Morgan Stanley Asia (Singapore) Pte bought 1.9 lakh shares (0.31%) at Rs 2,601 apiece.

• Axis Bank: Morgan Stanley & Company International PLC bought 1.7 crore shares (0.55%) at Rs 1,225.75 apiece.

• Gujarat Fluorochemicals: Devansh Trademart LLP sold 12.5 lakh shares (1.13%) at Rs 3317.32 apiece.

• IdeaForge Technology: Celesta Capital Ii Mauritius sold 3.57 lakh shares (0.85%) at Rs 785.01 apiece.

• Poly Medicure: Lighthouse India III Equity Investors sold 22.76 lakh shares (2.37%) at Rs 1,950.03 apiece.

• Gravita India: Oxbow Master Fund bought 14 lakh shares (2.02%) at Rs 1,365 apiece, while Rajat Agrawal sold 14 lakh shares (2.02%) at Rs 1365 apiece.

• Aster DM Healthcare: Olympus Capital Asia Investments Limited sold 4.5 crore shares (9%) at Rs 340 apiece while Morgan Stanley Asia Singapore Pte bought 66.66 lakh shares (1.33%) at Rs 340 apiece, Franklin Templeton Mutual Fund bought 31.57 lakh shares (0.63%) at Rs 340 apiece, Government Of Singapore bought 26.27 lakh shares (0.52%) at Rs 340 apiece.

• DCX Systems: NCBG Holdings Inc sold 12.96 lakh shares (1.33%) at Rs 355.06 apiece.

• Gujarat Fluorochemicals: Promoter Devansh Trademart LLP sold 13.5 lakh shares on June 21.

• Gland Pharma: Promoter Fosun Pharma Industrial PTE sold 99 lakh shares on June 19.

• Price Band revised from 20% to 10%: Premier Explosives.

• Moved out short-term Framework: Andra Cements, Dhanuka Agritech, H.G. Infra Engineering, Likhitha Infrastructure, Pennar Industries, Vishnu Chemicals.

• Moved in short-term Framework: Chambal Fertilizers & Chemicals.

• Oil India: To meet analyst and Investors on June 26.

• Kalyan Jewellers India: To meet analyst and Investors on June 28.

• Deepak Fertilizers and Petrochemicals: To meet analyst and Investors on June 27.

• TTK Prestige: To meet analyst and Investors on June 26.

• EIH Hotel: To meet analysts and Investors on June 28.

• Nifty June futures down by 0.52% to 23,487.3 at a discount of 13.8 points.

• Nifty June futures open interest down by 5.08%.

• Nifty Bank June futures down by 0.3% to 51,613.35 at a discount of 48.1 points.

• Nifty Bank June futures open interest down by 8.64%.

• Nifty Options June 27 Expiry: Maximum Call open interest at 24,000 and Maximum Put open interest at 23,000.

• Bank Nifty Options June 26 Expiry: Maximum Call Open Interest at 54,000 and Maximum Put open interest at 49,000.

• Securities in ban period: Balrampur Chini Mills, Chambal Fertilizers, GNFC, Granules, Hindustan Aeronautics, Hindustan Copper, Indus Tower, PEL.