Free Stock Tips for Today (28th June)

Equity benchmarks continued to be volatile in morning trade, with the Nifty hovering around 9500 level ahead of expiry of June derivative contracts on Thursday. The 30-share BSE Sensex was down 30.08 points at 30,928.17 and the 50-share NSE Nifty fell 5.70 points to 9,505.70. The broader markets recouped early losses, trading flat with a positive bias as the market breadth turned positive.

Free Stock Tips for Today (28th June)

Indiabulls Real Estate
Indiabulls Real Estate has bought 10.08 per cent stake in its subsidiary Indiabulls Infrastructure for Rs 358 crore. Indiabulls has become 100 per cent subsidiary of Infrastructure Company after the deal.

Federal bank
The Federal Bank’s QIP issue will be closed today. Its issue price has been kept at Rs 116 per share.

Dr. Reddy’s / Lupine
These have been accused of arthritis, patent infringement of ulcer medicine. US pharmaceutical company Horizon Pharma has blamed these. Horizon Pharma has filed a petition against these companies in the US Court. Selling generic medicine VimOVO in the US may be prohibited. The patent of Vimeo will expire in February 2023.

Company board meeting is proposed for considering the buyback.

Kesoram Industries
Promoter Human Investments has mortgaged 13.76 per cent share of Kesoram Industries.

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