Stocks To Watch: Raymond, PTC Industries, RVNL, NLC India

Shares of of Raymond, PTC Industries, RVNL and NLC India will be in focus on Tuesday.

Raymond Ltd.'s real-estate arm has bagged a second redevelopment project in Mumbai, worth Rs 2,000 crore.

Jubilant FoodWorks Ltd.-operated pizza chain Domino's opened its 2,000th store in the country on Monday, a milestone it reached 28 years since its entry in the Indian market. India is now the top market for the American pizza chain outside the US.

Most benchmarks in Asia-Pacific region were trading higher as market participants await the US May inflation data and Federal Reserve's policy decision.

The Nikkei 225 was trading 210.11 points or 0.54% higher at 39,248.27, and the KOSPI index was 6.84 points or 0.25% higher as of 06:54 a.m. on Tuesday.

The US stock market found it challenging to make significant progress due to a downturn in European assets affecting the overall mood.

The S&P 500 Index and Nasdaq 100 rose 0.26% and 0.35%, respectively, as of Monday. The Dow Jones Industrial Average rose 0.18%.

Brent crude was trading 0.12% higher at $81.75 a barrel. Gold fell 0.07% to $2,309.36 an ounce.

The GIFT Nifty was trading 45.5 points or 0.2% down at 23,240.00 as of 06:55 a.m.

After recording fresh highs in early trade, the benchmark stock indices settled lower on Monday, tracking loss in shares of Infosys Ltd., HDFC Bank Ltd. and Mahindra & Mahindra Ltd. The NSE Nifty 50 settled 30.95 points, or 0.13%, lower at 23,259.20, and the S&P BSE Sensex ended 203.28 points, or 0.27%, down at 76,490.08.

Overseas investors remained net buyers of Indian equities on Monday for the second straight day. Foreign portfolio investors mopped up stocks worth Rs 2,572.4 crore, while domestic institutional investors turned net buyers and mopped up equities worth Rs 2,764.5 crore after a day of selling, according to provisional data from the National Stock Exchange.

The Indian currency closed 13 paise lower against the US dollar at Rs 83.51.

• Raymond: Raymond Realty an arm of the company received a second redevelopment project in the Bandra (East) area of Mumbai. The project is estimated to generate a revenue of over Rs 2,000 crore.

• PTC Industries: The company announced its partnership with leading entities under the DTIS scheme in the Indian Defence and Aerospace sector to advance the 'Make in India' initiative.

• Rail Vikas Nigam: Siemens-RVNL consortium has received a letter of acceptance from Bangalore Metro Rail Corporation for engineering, supply, erection, testing, and commissioning of 33 KV distribution, 750V DC Third Rail Traction Electrification.

• Repco Home Finance: CFO K. Lakshmi has resigned due to personal reasons.

• Bank of Baroda: The company has kept MCLR unchanged across tenures effective June 12.

• NLC India: The company raised foreign currency loans up to $600 million and it will make an investment of Rs 994.5 crore in unit NLC India Renewables. To seek external assistance from the Multilateral Development Bank via DEA for renewable power projects.

• Jubilant Foodworks: Domino's Pizza crossed the 2,000-store Mark in India.

• Vodafone Idea: The company will consider fund raising in its board meeting on June 13.

• H. G. Infra Engineering: The company incorporated a step-down subsidiary company namely H.G. Jaipur Solar Project to carry out business in the field of Solar Power.

• InterGlobe Aviation: InterGlobe Enterprises, owned by the Rahul Bhatia family, is set to sell a 2% stake in the budget airline Indigo, according to Bloomberg. The deal will involve offloading 7.7 million shares at a minimum price of ₹4,266 each, representing a 7% discount from Monday's closing price.

• Le Travenues Technology: The public issue was subscribed to 1.95 times on day 1. The bids were led institutional investors (0.12 times), non-institutional investors (2.78 times), retail investors (6.21 times).

• Wardwizard Innovations and Mobility:  Wardwizard Solutions India sold 25 lakh shares (0.95%) at Rs 62.71 apiece.

• Cigniti Technologies: Old Bridge Capital Management sold 1.97 lakh shares (0.72%) at Rs 1350.01 apiece, while Rajasthan Global Securities bought 1.85 lakh shares (0.68%) at Rs 1349.23 apiece.

• Mphasis:  BCP Topco Ix sold 285 lakh shares (15.11%) at Rs 2363.37 apiece, Kotak Funds - India Midcap Fund bought 15.71 lakh shares (0.83%) at Rs 2363 apiece, Kotak Mahindra Mutual Fund A/C - Kotak Emerging Equity Scheme bought 31.73 lakh shares (1.68%) at Rs 2363 apiece, Morgan Stanley Asia Singapore Pte bought 22.25 lakh shares (1.18%) at Rs 2363 apiece, Societe Generale bought 10.61 lakh shares (0.56%) at Rs 2363 apiece.

• Poonawala Fincorp: Abhay Sureshkumar Bhutada sold 76 lakh shares (0.98%) at Rs 437 apiece.

• Kalyan Jewellers: Promoter Thrikkur Seetharama Iyer Anantharaman (Revised) sold 25,000 shares.

• Price Band revised from 10% to 5%: Heritage Foods.

• Ex/record Dividend: Tata Motors, Asian Paints, Jindal Saw

• Ex/record AGM: Jana Small Finance Bank, Jindal Saw.

• Moved out short-term Framework: GRP, Heritage Foods.

• Aurobindo Pharma: To meet analyst and Investors on June 13.

• Sapphire Foods: To meet analyst and Investors on June 14, 18.

• Krsnaa Diagnostics: To meet analyst and Investors on June 11.

• Radiant Cash Management Services: To meet analyst and Investors on June 13.

• Sharda Cropchem: To meet analyst and Investors on June 19.

• Can Fin Homes: To meet analyst and Investors on June 13.

• Electronics Mart: To meet analyst and Investors on June14.

• Kotak Mahindra Bank: To meet analyst and Investors on June 13.

• Nifty June futures down by 0.41% to 23,247 at a discount of 12 points.

• Nifty June futures open interest down by 6.55%.

• Nifty Bank June futures down by 0.52% to 49,732 at a discount of 48 points.

• Nifty Bank June futures open interest down by 6.7%.

• Nifty Options June 13 Expiry: Maximum Call open interest at 24,000 and Maximum Put open interest at 23,000.

• Bank Nifty Options June 12 Expiry: Maximum Call Open Interest at 52,000 and Maximum Put open interest at 47,000.

• Securities in ban period: Balrampurchini Mills, India Cements, SAIL, Zee Entertainment Enterprises.