Stocks to track in trade for June 09, 2022: TCS, Berger Paints, Vedanta, Deepak Nitrite, PNB, Bank of India

Brent Crude is up at around $124/bbl; TCS AGM to be held today; Vedanta releases pledge on 9.05% stake in Hindustan Zinc.

Ashesha Adhvaryu

Updated Jun 9, 2022, 08:54 IST

Stocks to track in trade for June 09, 2022: TCS, Berger Paints, Vedanta, Deepak Nitrite, PNB, Bank of India.

Crude related stocks in focus

Brent Crude is up at around $124/bbl on rising U.S. gasoline demand

Berger Paints

Accidental fire broke out at the Howrah Factory affecting the exit gate and the raw material handling area.

The production area remained completely unaffected.

Operation of the factory is temporarily stopped but is expected to resume in a couple of days.

Vedanta & Hindustan Zinc

Encumbrance created by Vedanta Limited to secure the syndicated term loan facility of Rs 10,000 crore of 14.82% of the paid-up share capital of HZL had been released.

But, Vedanta has created encumbrance in the form of new pledge of 5.77% of the paid-up share capital of Hindustan Zinc to secure a term loan facility of Rs 8,000 crore.

Deepak Nitrite

Co says about Fire at manufacturing site located at Nandesari, Guj:

*Fire caused damage to warehouse / offices / some utilities and part of manufacturing facility of Sodium Nitrite

*All other manufacturing facilities including other two streams of Sodium Nitrite are unaffected and in safe conditions

* Stability studies and other assessments are simultaneously being conducted to reassure safe operations

Banks after repo rate hike yesterday

Punjab National Bank

Repo Linked Lending Rate has been revised from 6.90% to 7.40% w.e.f. 09.06.2022

Bank Of India

Bank's Repo Based Lending Rate has been changed to 7.75% with immediate effect from 8 June

TCS

AGM Today