Cipla, IIFL Holdings and Oberoi Realty among top stocks to track today

NEW DELHI: The domestic equity market is likely to see a flat start on Wednesday, tracking weak global cues and Nifty futures in the Singapore Stock Exchange (SGX). At 08:11 am, the Nifty futures of SGX were trading 3 points or 0.03 per cent lower at 10,723.50.

Here is a list of top stocks that are likely to be in focus in today's trading session -

IIFL Holdings: IIFL Holdings’ wealth management arm has raised Rs 745.71 crore by selling 5.1 per cent stake to a clutch of investors.


Cipla: The pharma company has received final approval for its Abbreviated New Drug Application (ANDA) for Efavirenz Tablets 600mg from the United States Food and Drug Administration (US FDA).

SBI: According to a report by Bloomberg, the country's largest lender will not be able to merge more banks with self.

Wheels India: The board of auto component manufacturer will meet on June 22 where it may consider issue of bonus shares.

DCM Shriram: The company's board has approved buyback of 55.55 lakh equity shares at Rs 450 each.

SAIL: State-run SAIL on Tuesday said it has supplied 60,000 tonnes steel for 111 km long Jiribam-Imphal broad gauge railway project in Manipur.

Cochin Shipyard: According to news reports, ABB has partnered with Cochin Shipyard for two new 1,200-passenger ferries.

Kansai Nerolac Paints: The company has entered into Share Purchase Agreement (SPA) to acquire 55 per cent of the paid-up equity share capital of RAK Paints, Bangladesh.

MPS: MPS has invested in the Right issue of MPS Interactive Systems and has been allotted equity and preference shares at par aggregating to Rs 43.99 crore.

Oberoi Realty: The real estate company has raised Rs 1,200 crore through the issue of shares through a Qualified Institutional Placement (QIP), ET reported.

Idea Cellular: The Department of Telecommunications (DoT) has sought a legal opinion on whether it will be in contempt of court if it seeks arrears from Idea Cellular that are sub judice, a last-minute development that could result in some more delay in the approval of the telecom operator’s merger with Vodafone India.