Stocks To Watch: Siemens Energy, Vodafone Idea, Tata Communications, Zydus Life, Hero MotoCorp

Tejas Networks and Tata Communications will trade ex-dividend, while ArisInfra Solutions IPO enters the second day of bidding.

Shyam Metalics and Energy Ltd., Senco Gold Ltd., IRB Infrastructure Developers Ltd. and Signatureglobal (India) Ltd. will be the stocks to watch before going into trade on Wednesday (Image: Freepik)

Siemens Energy, Vodafone Idea, Tata Communications, Zydus Life, Hero MotoCorp are some of the stocks that will buzz on D-Street on Thursday.

Many corporate announcements came after Wednesday market hours. Here's a roundup:

Stocks In News

  • Vodafone Idea: The company signed an agreement with AST Spacemobile to expand mobile connectivity. The collaboration will bring direct-to-device satellite broadband connectivity.

  • Hero MotoCorp: The company will introduce Vida VX2 with Battery-As-A-Service Model. 'Pay-as-you-go’ battery subscription model to make VIDA Electric Vehicle ownership more flexible, affordable.

  • ESAF Small Finance Bank: The bank approved the proposal for sale of NPA, written-off loans to Asset Reconstruction Company. The lender will sell Rs 735 crore of bad loans for Rs 362.43 crore.

  • Aavas Financiers: The company approved the issuance of NCDs worth Rs 200 crore.

  • Zydus Life: USFDA closed inspection at the Ahmedabad plant with two observations. The inspection was from June 9 to 18.

  • Jio Financial Services: The company acquired SBI's remaining shareholding in Jio Payments Bank from SBI for Rs 105 crore. Post Acquisition, Jio Payments Bank becomes a wholly owned subsidiary.

  • Axiscades: The company will expand strategic cooperation with MBDA and has undertaken built-to-spec and built-to-print assignments on test benches for MBDA.

  • Ashoka Buildcon: The company received work orders for intelligent traffic management projects across Maharashtra.

  • Medplus Health Services: The arm received four suspension orders for drug licenses for Telangana, Tamil Nadu, Karnataka stores.

  • Puravankara: A subsidiary received a work order worth Rs 272 crore from TRU Dwellings.

Also Read: Trade Setup For June 19: Nifty Support At 24,725

New Listing

Recently demerged Siemens Energy India will list on the BSE and NSE. A special pre-open session is scheduled between 9:15-9:45 a.m., before regular trading begins at 10 a.m.

IPO Offering

  • ArisInfra Solutions: The public issue was subscribed to 0.24 times on day 1. There were no bids were by Qualified institutional investors, non-institutional investors (0.19 times), retail investors (1.04 times).

Also Read: Siemens Energy Gets Approval From BSE, NSE For Listing On June 19

Stocks Going Ex-Trade

  • Ex-Dividend: Reliance Industrial Infrastructure (Final Dividend - Rs 3.5), Tejas Networks (Final Dividend - Rs 25), Tata Communications (Final Dividend - Rs 2.5).

Stock To Exit Anchor Lock-In

As much as 21% equity of Indian Shelter Finance is set to become eligible for trade as the lock-in period ends for pre-IPO anchor investors.

Also Read: IPO-Bound Urban Company Swings Into Profit On Rs 211-Crore Deferred Tax Credit

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