Pre Market Analysis 14-6-2021

Market opening - An Overview

Nifty futures on Singapore Exchange traded 65.00points, or 0.41 per cent, Higher at 15,758 signaling that Dalal Street was headed likely to positive opening on Monday.

The Indian rupee traded 73.21 against the US currency on Monday.

Shares in News Today:

DLF: The company reported consolidated profit at Rs 480.94 crore in Q4FY21 against loss of Rs 1,857.76 crore in Q4FY20, revenue increased to Rs 1,712.57 crore from Rs 1,694.2 crore YoY.

BHEL: The company posted consolidated loss at Rs 1,034.8 crore in Q4FY21 against loss of Rs 1,532.67 crore in Q4FY20, revenue jumped to Rs 7,170.5 crore from Rs 5,022.94 crore YoY.

Sun TV Network: The company reported sharply higher profit at Rs 449.88 crore in Q4FY21 against Rs 250 crore in Q4FY20, revenue increased to Rs 782 crore from Rs 735.16 crore YoY.

Indiabulls Housing Finance: Blackrock Emerging Markets Fund Inc acquired 25,50,957 equity shares in Indiabulls Housing at Rs 287.84 per share on the NSE, the bulk deals data showed.

DHFL: The Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) have suspended the trading in equity shares of Dewan Housing Finance Corporation Limited (DHFL). The ban will come into effect from June 14

IPO Alert:

Sona Comstar IPO           

The Rs 5,550-crore Sona Comstar IPO consists of fresh issue of Rs 300 crore and an offer for sale of Rs 5,250 crore. The price band is fixed at Rs 285-291 per share. Apply for this IPO here

Shyam Metalics IPO

The Rs 909-crore public issue of Shyam Metalics and Energy which opens for subscription today, June 14. The price band for the offer is at Rs 303-306 per share. Apply for this IPO here