Stocks to watch: Ashoka Buildcon, Adani Transmission, SBI Cards, Power Grid, Max Financial Services

Here is the list of top stocks that could be in focus on June 18.

Results today: Ashoka Buildcon, Balaji Telefilms, Birla Cable, Dhani Services, GMR Infra, Jubilant Industries, Timken India are slated to announce their March quarter results on Friday.

SBI Cards: US private equity fund CA Rover Holdings, an affiliate of Carlyle Asia Partners, is looking to sell 5.1% stake in SBI Cards and Payment Services worth $682 million (Rs 5,000 crore) through a block deal on Friday, according to ET.

Power Grid: State-owned Power Grid Corporation of India Ltd (PGCIL) on Thursday posted over six per cent rise in its consolidated net profit to Rs 3,526.23 crore for the March 2021 quarter, mainly on the back of higher revenues. The company’s consolidated net profit had stood at Rs 3,313.47 crore in the quarter ended on March 31, 2020, according to a BSE filing.

Max Financial Services: Max Ventures Investment Holdings, promoter of Max Financial Services, on Thursday divested the company’s shares worth Rs 783 crore through an open market transaction. According to bulk deal data available with the NSE, Max Ventures offloaded a total of 78,28,217 shares of Max Financial Services.

Adani Transmission: The company said that the company has incorporated a Wholly Owned Subsidiary company in the name of “ATL HVDC Limited” on 16th June, 2021 for transmission, distribution and supply of power and other infrastructure services relating thereto.

Natco Pharma: The company reported a 43.68% fall in consolidated net profit to Rs 53.00 crore on 24.62% fall in total income to Rs 359.70 crore in Q4 FY21 over Q4 FY20.

Tube Investments: Tube Investments of India reported a 141.91% rise in consolidated net profit to Rs 143.84 crore on 168.22% rise in total income to Rs 2,814.21 crore in Q4 FY21 over Q4 FY20.