Stocks to watch: Apollo Hospitals, V2 Retail, HDFC Bank, Sobha, IDBI Bank, Vodafone Idea

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Here is the list of top stocks that could be in focus on June 23.

Results today: Allcargo Logistics, Apollo Hospitals, HCC, Mcleod Russel India, Mercator, Morgan Ventures, Speciality Restaurants, V2 Retail are slated to announce their March quarter results on Wednesday.

HDFC Bank: HDFC Bank along with its subsidiary HDFC Securities will pick up stake worth Rs 6.9 crore in backend software infrastructure development company Borderless Softtech, the bank said on Tuesday.

Sobha: Realty firm Sobha reported a 65% decline in its consolidated net profit at Rs 17.9 crore for the quarter ended March. Its net profit stood at Rs 50.7 crore in the year-ago period.

IDBI Bank: The lender plans to divest its stake in Asset Reconstruction Company Ltd (Arcil) and has invited bids from interested parties. “IDBI Bank intends to sell 6,23,23,800 equity shares, constituting approximately 19.18 per cent of the total equity share capital of Asset Reconstruction Company (India) Ltd held by IDBI Bank,” it said in a notice.

Vodafone Idea: Telecom operator Vodafone Idea (VIL) on Tuesday said it is offering voice and data benefits for low-income group users to reconnect back, as they resume work amid lockdown relaxation.

Glenmark Pharmaceuticals: The company has received final approval by the United States Food & Drug Administration (USFDA) for Arformoterol Tartrate Inhalation Solution, 15 mcg/2 mL, Unit-Dose Vials, the generic version of BROVANA Inhalation Solution, 15 mcg/2 mL, of Sunovion Pharmaceuticals Inc. Arformoterol Tartrate Inhalation Solution, 15 mcg/2 mL, Unit-Dose Vials will be manufactured in the company’s North American manufacturing facility based in Monroe, North Carolina, and marks the company’s first nebulizer approval.

Maruti Suzuki India: The auto major is planning to increase prices of its entire product portfolio in the second quarter of the current fiscal due to rise in prices of various essential commodities, including steel. The company, which has already taken a price increase in April this financial year, noted that the price of steel and various precious metals has gone up considerably prompting the company to pass on some of the impact to the customers.

Hero MotoCorp: The company will make an upward revision in the ex-showroom prices of its motorcycles and scooters, with effect from July 1, 2021. The price hike has been necessitated to partially offset the impact of continuous increase in commodity prices. The company continues to drive cost savings program aggressively, in order to minimize the impact on the customer.

Gayatri Highways: Gayatri Highways has successfully completed the acquisition of 12,00,217 Cumulative Redeemable: Preference Shares (CRPS) of the HKR Roadways on June 21, 2021.