India Daybook – Stocks in News
Bharat Forge: To consolidate EV operations in unit Kalyani Powertrain (Positive)
KEC International: Wins New Orders Worth $140M Across Businesses (Positive)
Oil & Natural Gas: Says In-Charge Mittal’s term extended by 2-months. (Positive)
Suven Life: To consider rights issue of shares on June 24 (Positive)
Tech Mahindra: Announces strategic partnership with Communisis (Positive)
Fineotex Chemical: Company to consider raising funds by issue of equity shares on June 24 (Positive)
Apar Ind: MSCI Asia Apex Ethical Fund bought 2.1lk shares at 997 (Positive)
Inox Wind: Inox Green Energy Services, a subsidiary of Inox Wind, has filed preliminary papers with capital markets regulator SEBI to raise Rs 740 crore (Positive)
Telecom Infra stocks: Widens PLI Scheme For Telecom Infra Products (Positive)
Savita Oil: To Consider the sub-division of equity shares (Positive)
Endurance: Mgmt. upbeat on the recovery prospect for 2Ws volumes from Sep’22 onwards. (Positive)
Reliance: Sebi Imposes 3 Million-Rupee Penalty on Reliance, Two Officials (Neutral)
Happiest Minds: 1.3% shares block deal. (Neutral)
Escorts: Ajay Mandhar resigns as CEO, Agri Machinery Business. (Neutral)
Engineers India: Appoints Sanjay Jindal as Chief Financial Officer of the company w.e.f. June 20, 2022 (Neutral)
Oriental Aromatics: Company's Bareilly plant to remain shut from 27th June to 3rd July,2022 for annual Maintenance purpose (Neutral)
Tata Steel: Reports suggest that the steel company imported about 75,000 tonnes of coal from Russia (Neutral)
Vodafone Idea: The telecom operator has proposed a fundraise of up to Rs 500 crore through the issuance of equity shares or convertible warrants on a preferential basis (Neutral)
Garment exporters: Garment exporters face potential loss of Rs 1,200 crore due to new conditions on Tax rebate.
Eureka Forbes: Resignation of Mr. Marzin R. Shroff as the MD and CEO (Executive Director) of the Company wef August 2022
Dhanuka: Delayed start of monsoons have kept ground sentiments lower.
V-Mart: Due to disruptions in UP and Bihar – which form 65-70% of the top-line – sale is expected to be adversely impacted in Q1FY23
By: via @AlliesFin Serve Stock Market
