Overnight digest: Stocks to watch out for on June 24

Markets are expected to remain volatile as it is monthly F&O expiry.

The stocks to watch out for on June 24 include Vedanta Limited, BLS International, Sharon Bio-Medicine, MAS Financial Services, Adani Ports & SEZ, and Hindustan Construction Company. 

Vedanta: Vedanta has informed about the successful auction of Kuraloi (A) North coal block located in Jharsuguda district in the Indian state of Odisha. 

BLS International: The company has entered into an agreement with a Singapore-based company namely, Knowledge Catalyst to provide digital health certificates also known as HealthCerts, for passengers travelling to and from Singapore. 

Sharon Bio-Medicine: The company announced its financial result for the fourth quarter ended March 2021. Its revenue from operations increased by 6.06 per cent to Rs 44.87 crore in Q4FY21 from Rs 41.59 crore posted in Q4FY20. For Q4FY21, the company reported a net profit of Rs 5.60 crore as compared to the net profit of Rs 6.02 crore recorded in Q4FY20.  

MAS Financial Services: The company's board of directors has approved & allotted 10,000 rated, senior, secured, listed, transferable, redeemable, principal-protected market-linked non-convertible debentures (NCDs) with a face value of Rs 1,00,000, aggregating up to Rs 1,00,00,00,000 on private placement basis. These debentures have been rated ‘CARE PP-MLD A+; Stable (principal-protected, market-linked debentures Single A Plus; Outlook: Stable)’ by CARE Ratings Limited. 

Adani Ports & SEZ: In a clarification to the exchanges, Adani Ports & SEZ clarified that it would abandon one of its projects and will write down its investments in the project in full if the Office of Foreign Assets Control (OFAC) opines that Myanmar is classified as a sanctioned country and Adani Ports is in violation of the current sanctions. 

Hindustan Construction Company: The company announced its financial results for Q4FY21. On a standalone basis, for FY21, it reported its turnover and EBITDA to be Rs 2,642.4 crore and Rs 299.6 crore, respectively. For FY20, turnover and EBITDA figures stood at Rs 3,676.1 crore and Rs 465.1 crore, respectively.