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Here are the Stocks to Watch in trade today-:&nbsp;

TCS: Q1 earnings preview; expected to post a dollar revenue growth of 3.6 percent and constant currency revenue growth of 3.3 percent.
Tata&nbsp;Motors: Brokerages remain bullish after investor call, Jefferies&nbsp;maintains a BUY wiith&nbsp;the most aggressive target at Rs 435/share says chip shortage will ease and not dent long term prospect.&nbsp;
PNB&nbsp;Housing: Big hit as parent PNB&nbsp;asks the company to reconsider the Rs 4000 cr Carlyle deal.&nbsp;
Bajaj Health: Gets&nbsp;DRDO&nbsp;nod&nbsp;to manufacture and market &ldquo;2-Deoxy-D-Glucose&rdquo; (2-DG) as approved medication for the treatment of COVID-19 patients.&nbsp;


Stocks To Watch: TCS, Tata Motors, PNB Housing, Bajaj Health

Big ticket earnings kick off today, what to expect from TCS&nbsp;&amp; Why is PNB&nbsp;Housing facing the heat on the Carlyle deal? Click to get all the buzz on stocks to watch.&nbsp;

stocks to watch. 

TCS&nbsp;Q1&nbsp;earnings in focus as it kicks off the big ticket earnings season.&nbsp;

Here are the Stocks to Watch in trade today-:&nbsp;
<ul>
<li>TCS: Q1 earnings preview; expected to post a dollar revenue growth of 3.6 percent and constant currency revenue growth of 3.3 percent.</li>
<li>Tata&nbsp;Motors: Brokerages remain bullish after investor call, Jefferies&nbsp;maintains a BUY wiith&nbsp;the most aggressive target at Rs 435/share says chip shortage will ease and not dent long term prospect.&nbsp;</li>
<li>PNB&nbsp;Housing: Big hit as parent PNB&nbsp;asks the company to reconsider the Rs 4000 cr Carlyle deal.&nbsp;</li>
<li>Bajaj Health: Gets&nbsp;DRDO&nbsp;nod&nbsp;to manufacture and market &ldquo;2-Deoxy-D-Glucose&rdquo; (2-DG) as approved medication for the treatment of COVID-19 patients.&nbsp;</li>
</ul>

As SEBI&nbsp;asks for an Independent valuation of the Rs 4000 cr PNB&nbsp;Housing-Carlye&nbsp;deal putting the deal on hold. Veteran investor Samir&nbsp;Arora&nbsp;backs the shareholder rights and calls out the concerns in corporate governance in the mega deal.&nbsp;Samir&nbsp;Arora&nbsp;tweeted saying "&nbsp;Control transaction at a discount to market price where the acquirer pays 75% of the amount after 18 months - now that is a deal and shows how PE investors help worsen corporate governance if no oversight." He goes on to make the case for the share valuation to be assessed as Arora&nbsp;says "&nbsp;"A preferential issue of shares and warrants" and a "preferential issue of shares and warrants that also gives controlling interest" are not one and the same thing."PNB&nbsp;Housing-Carlye&nbsp;deal is set to offer shares to&nbsp; the 'acquirer' Carlyle for Rs 390/share vs the current market-price of over Rs 700/share or the share price of Rs 500/share at the time the deal was announced.&nbsp;

Samir Arora speaks out on the PNB Housing-Carlyle deal, sides with SEBI & shareholders

Samir&nbsp;Arora&nbsp;backs a deeper look into the Carlyle-PNB&nbsp;housing deal that is raising questions on corporate governance.&nbsp;

As SEBI&nbsp;asks for an Independent valuation of the Rs 4000 cr PNB&nbsp;Housing-Carlye&nbsp;deal putting the deal on hold. Veteran investor Samir&nbsp;Arora&nbsp;backs the shareholder rights and calls out the concerns in corporate governance in the mega deal.&nbsp; Samir&nbsp;Arora&nbsp;tweeted saying "&nbsp;Control transaction at a discount to market price where the acquirer pays 75% of the amount after 18 months - now that is a deal and shows how PE investors help worsen corporate governance if no oversight." He goes on to make the case for the share valuation to be assessed as Arora&nbsp;says "&nbsp;"A preferential issue of shares and warrants" and a "preferential issue of shares and warrants that also gives controlling interest" are not one and the same thing." PNB&nbsp;Housing-Carlye&nbsp;deal is set to offer shares to&nbsp; the 'acquirer' Carlyle for Rs 390/share vs the current market-price of over Rs 700/share or the share price of Rs 500/share at the time the deal was announced.&nbsp;

SEBI&nbsp;has ordered the PNB-Housing Carlyle deal to be put on hold as the market regulator SEBI&nbsp;wants&nbsp;an independent valuation of shares to be conducted.&nbsp;The Rs 4000 cr deal with Carlyle for the PNB&nbsp;backed mortgage lender involves&nbsp;issuing shares and warrants on a preferential basis to private equity firm&nbsp;Carlyle Group&nbsp;and associates to acquire 50% stake in the company.&nbsp;The price of each share and convertible warrant is Rs 390.&nbsp;The stock of PNB&nbsp;Housing is up over 70% just tin the month of June, trading above the Rs 700/share mark at the time this report was written.&nbsp;
SEBI&nbsp;has stated the resolution about the issue of securities was &ldquo;ultra-vires&rdquo; of the Articles of Association (AoA). The resolution will not be acted upon until the company does the valuation of shares (for preferential allotment) by an independent, registered valuer.PNB HFC in a late night filing with the BSE said the company had acted in compliance with the laws, including pricing regulations prescribed by&nbsp;Sebi&nbsp;and the AoA.
PNB&nbsp;Housing was supposed to hold an extraordinary general meeting of shareholders on June 22 to consider the preferential allotment (shares and warrants).&nbsp;
&nbsp;

SEBI halts PNB Housing Finance- Carlyle deal, what is the holdup?

PNB&nbsp;Housing stock up 70% in under a month, so why has SEBI&nbsp;out on hold the Rs 4000 cr Carlyle deal that is exciting shareholders?

SEBI&nbsp;has ordered the PNB&nbsp;Housing Carlyle deal to be put on hold as the market regulator SEBI&nbsp;wants&nbsp;an independent valuation of shares to be conducted.&nbsp; The Rs 4000 cr deal with Carlyle for the PNB&nbsp;backed mortgage lender involves&nbsp;issuing shares and warrants on a preferential basis to private equity firm&nbsp;Carlyle Group&nbsp;and associates to acquire 50% stake in the company.&nbsp;The price of each share and convertible warrant was set at Rs 390/share The stock of PNB&nbsp;Housing is up over 70% just tin the month of June, trading above the Rs 700/share mark at the time this report was written.&nbsp;
SEBI&nbsp;has stated the resolution about the issue of securities was &ldquo;ultra-vires&rdquo; of the Articles of Association (AoA). The resolution will not be acted upon until the company does the valuation of shares (for preferential allotment) by an independent, registered valuer.PNB HFC in a late night filing with the BSE said the company had acted in compliance with the laws, including pricing regulations prescribed by&nbsp;Sebi&nbsp;and the AoA.
PNB&nbsp;Housing was supposed to hold an extraordinary general meeting of shareholders on June 22 to consider the preferential allotment (shares and warrants).&nbsp;
&nbsp;

Here are the top stocks on the brokerages radar-:
CLSA on Aurobindo Pharma

Cuts rating from BUY to Outperform on limited upside
Sets price target at Rs 1040/share (+4% upside)
Limited upside following the recent rally leading to cut in rating

Morgan Stanley on Glenmark Pharma

Raises price target to Rs 554/sh vs Rs 424/share earlier
Expect 8-10 launches (including three niche products) in the US
Retain Underweight rating on the stock&nbsp;

ICICI Sec on PNB Housing Finance&nbsp;

Upgrade to BUY&nbsp;rating
Raise price target to Rs 678/sh vs Rs 385/sh earlier&nbsp;
Board approval for preferential issue to Carlyle reduces overhang
Aditya Puri&rsquo;s nomination to the Board will lend considerable credence

Kotak&nbsp;Instl&nbsp;Equities on Karur Vysya Bank&nbsp;

Maintain Buy rating,&nbsp; Price target at Rs 65/sh
Decline in operating profits on account of lower provisions
Asset quality is showing resilience


Brokerage Bets for Tuesday's Trade: PNB Housing, Glenmark, Aurobindo Pharma

Brokerage Bets for Tuesday's Trade, stocks you need to keep an eye on

Brokerage Bets 

Here are the top stocks on the brokerages radar-:
CLSA on Aurobindo Pharma
<ul>
<li>Cuts rating from BUY to Outperform on limited upside</li>
<li>Sets price target at Rs 1040/share (+4% upside)</li>
<li>Limited upside following the recent rally leading to cut in rating</li>
</ul>
Morgan Stanley on Glenmark Pharma
<ul>
<li>Raises price target to Rs 554/sh vs Rs 424/share earlier</li>
<li>Expect 8-10 launches (including three niche products) in the US</li>
<li>Retain Underweight rating on the stock&nbsp;</li>
</ul>
ICICI Sec on PNB Housing Finance&nbsp;
<ul>
<li>Upgrade to BUY&nbsp;rating</li>
<li>Raise price target to Rs 678/sh vs Rs 385/sh earlier&nbsp;</li>
<li>Board approval for preferential issue to Carlyle reduces overhang</li>
<li>Aditya Puri&rsquo;s nomination to the Board will lend considerable credence</li>
</ul>
Kotak&nbsp;Instl&nbsp;Equities on Karur Vysya Bank&nbsp;
<ul>
<li>Maintain Buy rating,&nbsp; Price target at Rs 65/sh</li>
<li>Decline in operating profits on account of lower provisions</li>
<li>Asset quality is showing resilience</li>
</ul>

pnb housing

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