49934Landlords gain from rental yield increase, tenants’ budget gets spoiled!

Here is the list of top stocks that could be in focus on June 29.

NTPC: State-owned NTPC has floated a global tender to invite expression of interest for setting up 1000 MWh of grid-scale battery energy storage system (BESS) at its power plants in India.

Results today: IRCTC, GIC, Ruchi Soya, General Insurance Corporation of India, Indian Railway Finance Corporation, NBCC and EID Parry are slated to announce their financial results on Tuesday.

Emami: Kolkata-based FMCG firm Emami Ltd said it has hiked its stake in Helios Lifestyle Pvt Ltd to 45.96 per cent following the acquisition of additional shares. The company, however, did not disclose the financial details of the transaction.

Nalco: National Aluminium Co Ltd (Nalco) reported a nine-fold rise in consolidated profit at Rs 935.74 crore for the quarter ended March 31, 2021, helped by strong operational performance and favourable prices. The company had posted a consolidated profit of Rs 100.51 crore in the year-ago period, Nalco said in a filing to BSE.

NLC India: The company reported a nearly 52% jump in consolidated profit to Rs 756.83 crore for the quarter ended on March 31, 2021. It had posted a consolidated profit of Rs 498.12 crore in the year-ago period, NLC India said in a filing to BSE.

Tata Motors: Tata Motors-owned Jaguar Land Rover (JLR) aims to be the world’s most profitable luxury car manufacturer, according to Chief Executive Officer Thierry Bollore.

Acrysil: The company is planning to expand production capacity of Quartz Kitchen Sinks from 700,000 units p.a. to 840,000 units p.a. i.e. an additional capacity of 140,000 units p.a. (20% of its existing production capacity) at its Bhavnagar plant in Gujarat. The expansion in production capacity is to meet the growing demand of Quartz Kitchen Sinks in global market. The proposed Capital Expenditure involves an investment of Rs 15 crore approximately which would involve investments in Plant & Machinery, Utilities and other infrastructure.

SpiceJet: The aviation firm is planning to raise funds through issuance of equity shares or debt instruments and the proposal will be discussed at its board meeting on June 30, 2021. The proposal comes at a time when the airline industry is grappling with strong headwinds due to the coronavirus pandemic that has also resulted in less occupancy in many flights.

Piramal Enterprises: Piramal Enterprises has decided to raise up to Rs 1,000 crore through issuance of non-convertible debentures (NCDs) on a private placement basis. The administrative committee of the board has approved the issue of secured, rated, listed, redeemable principal protected, market-linked NCDs on a private placement basis.