Stocks to watch out for on June 18: Idea Cellular, ICICI Bank, Union Bank of India

TCS and Infosys helped the benchmark indices, the Nifty and the Sensex, close in the green on Friday.

The Sensex closed with a gain of 23 points at 35,622, while the Nifty held 10,800 levels to end Friday’s session 10 points in the green at 10,818.

Besides IT stocks, Reliance, Sun Pharma, Cipla and HUL were other major Index gainers.

Here are the top stocks to watch out for on Monday June 18:
Jindal Power and Steel: The company’s basic oxygen furnace (BOF) at its integrated steel plant were inaugurated on Saturday by Steel Minister Chaudhary Birender Singh and Petroleum Minister Dharmendra Pradhan.
Union Bank of India: The bank, which referred 30 stressed accounts with an aggregated exposure of Rs 5,961 crore to NCLT in 2017-18 (FY18), is betting on the resolution of bad loan accounts to improve its net profit, its report said.
Idea Cellular: The Department of Telecommunications (DoT) is likely to approve on Monday the merger of Vodafone India and Idea Cellular that will create the country’s largest mobile service operator with proposed name of Vodafone Idea Ltd.
Bank of Baroda: State-owned Bank of Baroda seeking a bid to sell 30 non-performing assets worth Rs 7,407 crore of which the bank will sell Rolta India’s loan of Rs 287 crore and Bhushan Power’s loan of Rs 1,550 crore, a Cogenics report said on Friday.
State Bank of India, IOC: India’s oil imports from Iran will be hit from the end of August as the State Bank of India (SBI) has informed refiners it will not handle payments for crude from the Middle Eastern nation from November, the finance head of Indian Oil Corp said on Friday.
ICICI Bank: The bank group is likely to be reshuffling its top management and it may see its life insurance venture’s CEO Sandeep Bakhshi becoming interim chief at ICICI Bank, sources told The Economic Times.
Oil companies: The oil firms are planning to add unprecedented 25,000 petrol pumps at one go, across the country, The Economic Times reported.
Punjab and Sind Bank: The bank raised the one-year MCLR to 8.6 percent from 8.5 percent with effect June 16.
Ruchi Soya: Adani Wilmar is likely to emerge victorious in the bidding for the debt-ridden company as Patanjali Ayurved is not looking to raise its offer, sources told The Economic Times.
Aviation companies: Indian airlines are turning to the international market in search of better returns as the intensifying fight for a bigger share of the world’s fastest growing domestic market – where price is king – drives down profits, a Reuters report said.