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Stocks in Focus: Vodafone Idea, Adani Enterprise, Hindustan Aeronautics, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.25% higher by 60 points at 23,611 indicating that the domestic benchmark indices are likely to make a positive start on Monday. 

On Friday, 14 June, Domestic benchmark indices S&P BSE Sensex gained 182 points, or 0.24%, to end at 76,993 while the Nifty50 traded 66.70 points or 0.29% higher and settled at 23,465.60.

Here are some stocks that are likely to remain in focus on 18 June.

Vodafone Idea: The company is planning to sell its entire stake of 21.5% in Indus Towers via a block deal, taking the total deal value to $2.3 billion. 

Havells India: Lloyd, the company’s consumer durable brand, has announced its plans to invest Rs 50-60 crore to expand its existing air conditioner manufacturing capacities at Sri City and Ghiloth locations. 

Adani Enterprise: The group’s chairman, Gautam Adani and other promoters have increased their stake in the company by acquiring a 2.02% stake via open market purchase. 

IIFL Finance: In ts quarterly earnings for January-March, the company reported a 5.9% year-on-year decline in net profit to Rs 430.63 crore for the quarter from Rs 457.56 crore reported in the same quarter of the previous fiscal year. 

Hindustan Aeronautics: The company has secured a tender order worth Rs 50,000 crore from the Ministry of Defence to procure 156 Light Combat Helicopters (LCH), from which 90 LCH are for the Indian Army and the rest are for the Indian Air Force. 

Zomato: The company is in talks with Paytm about acquiring its movie and events business. 

Tata Elxsi: The company has announced its collaboration with Red Hat to monetise applications and reduce operational expenditures through simplifying operations in 5G networks for telcos and enterprises.

Bharti Airtel: The company has prepaid Rs 7,904 crore to the Department of Technology for clearing the high-cost deferred liabilities for spectrum acquired in 2012 and 2015.

Central Bank of India: The company has received a Rs 1.45 crore penalty from the Reserve Bank of India for non-compliance issues related to loans, advances, and Know Your Customer (KYC) norms.

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