The stocks that are likely to witness significant movement on the bourses on Wednesday, June 13 are V2 Retail Limited, Sun Pharmaceutical Industries Limited, Wipro Limited, Bharat Forge Limited, Bharat Heavy Electricals Limited and Tata Consultancy Services Limited.    

Indian benchmark Nifty witnessed its fifth consecutive intraday uptick with the levels heading downward sloping trendline levels at 10,875. Nifty breached its recent multiple resistance at 10,790 on a closing basis. With Nifty heading northwards three stocks hit their 52-week high levels during the day.

This is Bharat Forge’s third foremost initiative in the electric vehicle (EV) space.

TCS extended its agreement with M&G Prudential to cover latter’s additional 1.8 million customer policies. The stock of TCS surged for the fifth consecutive day on Tuesday and closed 1.8 per cent up. considering the weekly time frame, the stock has kind of formed a Flag pattern.

The share price of DCM Shriram shot up by over 12 per cent in Tuesday’s trade as news surfaced that the company will be considering a share buyback proposal on June 18.

The share price of Orchid Pharma soared by over 5 per cent to get locked at its upper circuit in Tuesday’s intraday trade as the company bagged the EU Good Manufacturing Practice certification.

With the increasing awareness and penetration, the MF industry is witnessing a huge elevation in its AUM as well as folios. The number of folios has grown by over 12 lakh in just one month to reach an all-time high of 7.35 crore at the end of May 2018.

The asset under management of Indian mutual fund industry declined by 2.83 per cent in the month of May 2018 on monthly basis. 

Following stocks are close to their 52-week low as at 12.36 p.m. on June 12, 2018.

Steel business contributes a profit before tax of Rs 99 crore where as the wire and wire rope business contributes Rs. 209 crore profits which states that the wire business is more profitable than the steel.