The Nifty 50 and the 30-stock Sensex erased intraday gains to end flat, but mixed on June 11. Sensex slipped 0.04 percent, while Nifty recorded mild gains of 0.02 percent.
Hindustan Construction Company | CMP: Rs 47.4 | Domestic brokerage Elara Securities initiated coverage on HCC with a buy rating, believing the company is poised to reclaim its earlier glory. Elara issued a target price of Rs 63 per share on HCC, seeing a 58 percent upside from current levels. Shares settled 19.1 percent higher.
ONGC | CMP: Rs 273.9 | International brokerage Jefferies retained its buy call on ONGC, noting that the central government's policy continuity should keep the oil PSU's profitability elevated. ONGC shares jumped over 5.7 percent and was the top gainer on the Nifty 50 index.
Transformers and Rectifiers (India)| CMP: Rs 770.45 |Shares of Transformers and Rectifiers (India) were firmly locked in the upper circuit of five percent as the firm launched a qualified institutional placement (QIP). The firm set a floor price of Rs 699.95 apiece for the issue, which comes at a discount of 4.5 percent to the closing price on June 10.
InterGlobe Aviation | CMP: Rs 4,374 | Shares fell 4.2 percent after a Rs 3,689 crore block deal involving a 2.2 percent stake in the company took place on the exchanges. As per reports, promoter Rahul Bhatia's family's holding company InterGlobe Enterprises was the seller in the transaction.
IRB Infrastructure Developers | CMP: Rs 66.4 | Shares fell 5.3 percent following block deals worth Rs 2,656 crore, involving a 6.8 percent stake in the company took place on the exchanges. As per reports, Cintra, an affiliate of Dutch infrastructure major Ferrovial was eyeing to offload around 5 percent stake in the company for $228 million.
Honasa Consumer | CMP: Rs 437.5 | Shares slipped 4.5 percent after a 2 percent stake in the company changed hands in a Rs 291 crore block deal took place on the exchanges. According to reports, two investors-Fireside Ventures and Sofina Ventures were looking to offload around 2 percent stake in the Mamaearth parent.
Suzlon Energy | CMP: Rs 48.25 | The stock of this wind energy company rallied over 4 percent after bagged 103.9 megawatt (MW) order from AMPIN Energy Transition to install 33 wind turbine generators with hybrid lattice turbular tower in Fatehgarh, Rajasthan.
PNC Infratech | CMP: Rs 479.5 | The stock tumbled more than 9 percent on June 11 after Central Bureau of Investigation (CBI) conducted search operations at residence of managing director Yogesh Kumar Jain, whole-time director Talluri Raghupati Rao and its Agra office in connection with Rs 10 lakh bribery case.
PTC Industries | CMP: Rs 205.8 | The stock surged over 5 percent to reach an all-time high of Rs 11,753 each on June 11. This rise follows the company's participation in a special purpose vehicle (SPV) under the government's 'Make in India' initiative aimed at boosting the defence and aerospace sectors.
Rail Vikas Nigam | CMP: Rs 389.7 | RVNL share price jumped 5 percent after the company emerged as lowest bidder for a project worth Rs 138 crore from Central Railway. Railway stocks also sped ahead in trade as cabinet minister Ashwini Vaishnaw retained the Railway Ministry, indicating policy continuity.
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