Five stocks to watch out for on Friday

PNB Housing Finance :- The stock on Thursday surged 6% to Rs 1,559 per share, thereby extending its previous day’s 6% surge on the BSE. The Reserve Bank of India (RBI) lowered risk weight assigned to home loans lent on or after June 7.

BPCL, HPCL, IOC :-Oil companies will start revising petrol and diesel prices every day throughout the country from June 16 to align the prices with international rates. Currently, revision on a daily basis is being held in five cities of Puducherry, Visakhapatnam, Udaipur, Jamshedpur and Chandigarh.

PSU Banks :- Capital requirements of Indian PSU banks are going to be highlighted further as they will require complying with the Basel-III norms. According to Moody's estimates, these lenders may require about Rs 70,000 to Rs 95,000 crore over the next two to three years.

Coal India :- The company plans to close 37 underground mines by the end of this financial year. Unions plan to go on a strike for three days this month if the decision is not withdrawn. It may lead to the redeployment of about 11,000 workers, reported a national news portal.

Reliance Capital :- As the company is planning to list Reliance Mutual Fund, there are reports that the company is likely to list Reliance General Insurance as well, reported a national news portal.


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