Markets traded with a positive bias on Monday, recouping some of Friday's losses amid supportive global cues. Technically, analysts say buoyancy in the banking pack, combined with rotational participation from other sectors, is helping the index maintain its positive bias, although the pace of the advance remains gradual.
In today's trade, shares of TCS, JSW Infra, Craftsman Automation, IIFL Finance, Transrail Lighting among others will be in focus due to various news developments.
JSW Infrastructure has launched a qualified institutional placement (QIP) to raise up to Rs 7,503 crore ($794 million), with the proceeds earmarked for expansion projects, debt repayment and strategic investments. The issue comprises a fresh issue of Rs 6,555 crore and an offer for sale (OFS) of Rs 948 crore, according to the term sheet accessed by ETMarkets.
TCS
Tata Consultancy Services (TCS), India's largest IT services company, will announce its results for the quarter ended June on July 9, when its board will also consider declaring an interim dividend for shareholders. In a regulatory filing on Friday, the company said its board will meet to approve the audited standalone and consolidated interim financial results for the June quarter.
Promoter Srinivasan Ravi looking to sell up to 2.01% stake in Craftsman Automation via block deal, ET Now reported. The floor price is fixed at Rs 9,250 per share, which is a near 3% discount to the last closed price.
IIFL Finance said its board will consider a fund raise through equity issuance on June 27
Birla Corporation announced the commencement of coal mining operations at the Bikram coal block in Madhya Pradesh
Transrail Lighting Limited approves the 100% acquisition of Gactel Turnkey from Ajanma Holdings.
