Stocks in Focus on June 26: DHFL, NTPC to PNB; here are 5 Newsmakers of the Day

Domestic Equity benchmarks on Tuesday, June 25, 2019, closed with gains of more than 0.8 per cent even as cues from global stocks were negative. Sensex at Bombay Stock Exchange climbed 312 points to end at 39,435. Nifty at National Stock Exchange also surged 97 points to settle at 11,796. But there were certain stocks that came in news after the market was closed for trading purposes and can impact the indices after they reopen once again on Wednesday, June 26, 2019. Here is a list of five such stocks:

Dewan Housing Finance Corporation (DHFL): The housing finance company has partially defaulted in repaying its investors of commercial paper. The company could pay only 40% of the aggregate amount of Rs375 crore, which is Rs150 crore, ‘on a proportional basis’. The balance amount of Rs 225 crore would be paid in the next couple of days, the company said.

Godrej Properties: The board of the company on Tuesday announced the opening of the qualified institutional placement (QIP) with plans to raise Rs2,100 crore. It has fixed the floor price of the issue at Rs928 a share. 

GVK Power & Infrastructure Limited: The company on Tuesday said that GVK Deoli Kota Expressways Private Limited, a wholly owned subsidiary of the company, has issued a notice of termination to National Highways Authority of India (NHAI) for termination of the concessional agreement on the account of material breach and defaults on the part of NHAI. 

NTPC: State-run power major NTPC, which participated in the Uttar Pradesh New & Renewable Energy Development Agency’s (UPNEDA’s) tender for 500-MW solar capacity, on Tuesday won bids for 40-MW of solar capacity. The company had bid for two 20-MW each at Auraiya and Rihand.

Punjab National Bank (PNB): The state-owned bank has put on sale six non-performing accounts (NPAs) amounting to over Rs1,000 crore. The accounts will be sold to Asset reconstruction companies (ARCs), non-banking financial companies (NBFCs), other banks and financial institutions and they can submit binding bids till June 26, 2019.