Stocks to watch: DHFL, Infosys, JSPL, New India Assurance, InterGlobe Aviation, PNB

Here is the list of top stocks that could be in focus on June 8.

Results today: Galaxy Surfactants, Ion Exchange, Petronet LNG, Prestige Estates Projects, Shemaroo and Wonderla Holidays are slated to announce their March quarter results on Tuesday.

New India Assurance: The New India Assurance Company (NICAL) on Monday reported a 90.6% jump in net profit at Rs 241 crore for the last quarter of the fiscal ended March 2021. NICAL, the market leader in non-life insurance business in India, had reported a net profit of Rs 127 crore in the same quarter of 2019-20.

InterGlobe Aviation: Air travel demand is expected to gain “further momentum” by early July, the country’s largest airline IndiGo said on Monday and emphasised that managing cash position remains its primary focus.

Union Bank of India: State-owned Union Bank of India reported a standalone profit after tax of Rs 1,330 crore in the quarter ended March 31, 2021, helped by improvement in asset quality. The bank amalgamated Andhra Bank and Corporation Bank with it with effect from April 1, 2020.

JSPL: Jindal Steel & Power (JSPL), continued to report strong production so far in FY22. Steel production increased by 31% YoY to 13.71 lakh tonnes in Apr-May 21 as compared to 10.44 lakh tonnes in the same period last year.

Infosys: IT major Infosys on Monday announced a collaboration with Archrock, Inc., a leading provider of natural gas compression services in the U.S, to integrate digital technologies and mobile tools for its field service technicians.

PNB: The RBI on Monday imposed penalty aggregating to Rs 6 crore on Bank of India and Punjab National Bank (PNB) for contravention of norms, including one related to “Frauds – Classification and Reporting”. A penalty of Rs 4 crore has been imposed on Bank of India and Rs 2 crore on Punjab National Bank.

DHFL: Debt-ridden mortgage firm DHFL’s shares would be delisted from stock exchanges post acquisition by Piramal Capital and Housing Finance, which has emerged as the successful bidder for the company.