8 Stocks To Be In News Or Buy On Monday, June 14, 2021

Markets closed Friday at a record high with the Sensex hitting a new record of 52,641 points. Its unlikely that the stock market momentum will ebb anytime soon. Some anaysts are advising caution before buying to markets at such high levels. nbsp;Here are stocks that would be in the news on June 14: Drug firm Lupin has received a warning letter from the US health regulator for its Somerset facility in the US. The United States Food and Drug Administration (USFDA) had inspected the companys Somerset, New Jersey, facility from September 10, 2020, to November 5, 2020, Lupin said in a regulatory filing. The company does not believe that the warning letter will have an impact on disruption of supplies or the existing revenues from operations of this facility, it added.Shares of Lupin were last seen trading at Rs 1230 on the NSE, which is almost at 52-week highs. Advertisement This is another stock that woud be in the news on June 14. Axis Bank is likely to raise its stake in Max Life Insurance to about 20 per cent over the next 12-18 months, the insurance companys CEO Prashant Tripathy said.Currently, Axis Bank and its two subsidiaries -- Axis Capital Ltd and Axis Securities Ltd -- collectively own 12.99 per cent in Max Life Insurance post approval of the deal in April this year. Axis Bank is among the stocks that many analysts have recommended over the last few quarters. The shares of Axis Bank were last seen trading at Rs 738. Again, they are a new lifetime high, Coal Indias 114 ongoing coal projects, costing Rs 20 crore and above, are under different stages of implementation, according to a report. Implementation and completion of these projects depend upon critical extraneous factors such as possession of land, green clearances and evacuation infrastructure, the Coal Ministry said in its annual report 2020. The stock of Coal India is known for its dividend yields and in the last few months has seen the stock rally, as metal stocks have seen a spectacular rally. Government majority owned Bank of Maharashtra is looking to raise up to Rs 2,000 crore through qualified institutional placement (QIP) route before July-end, its Managing Director and CEO A S Rajeev said. In April this year, the Pune-based lender had received board approval to raise Rs 5,000 crore by way of QIP/rights issue/ preferential issue or by issuing Basel III bonds.This is one bank that analysts believe could be in the limelight for privatization. However, this is likely to take time. The shares of Bank of Maharashtra were last seen trading at Rs 26 on the Bombay Stock Exchange. CG Power and Industrial Solutions, acquired by the Tube Investments of India group company of Murugappa Group last year, has chalked out capital expenditure plans of Rs 135 crore during the current financial year, the company said.The capex plan would be utilised to improve production at its manufacturing facilities, CG Power and Industrial Solutions said in a statement. Realty major DLF sold residential properties worth Rs 3,084 crore in the last fiscal year, registering a growth of 24 per cent from 2019-20, as it saw better demand for completed and new inventories despite the pandemic.Realty major DLF also said that its rental arm DCCDL will be completely ready in the next one year for launch of Real Estate Investment Trust (REIT) but the timing of public issue will be decided by its shareholders based on market conditions. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF Ltd and Singapore sovereign wealth firm GIC. While DLF holds 66.67 per cent stake in the JV, the GIC has 33.33 per cent shareholding. Brokerage firm Sharekhan has a buy rating on the stock of Bank of India. The brokerage has set a price target of Rs 100 on the shares, as against a price of Rs 80.25. PSU banking stocks have recently surged in trade, following hopes of better than expected financial performance in the years to come. Emkay Global has a buy on the stock of Petronet LNG. We cut FY22/23E earnings per share by 13%/11%, assuming lower volumes and Kochi tariffs. We also increase WACC and capex though not building retail/CBG into our earnings model. We hence lower our DCF-based target price by 15% to Rs 290. Maintain Buy but with equal weight stance, the brokerage has said.