🌹🇮🇳India Daybook – Stocks in News
Afcons Infrastructure: Company bags Rs 5,301 crore Vadhvan port breakwater project in Maharashtra. (Positive)
Bharti Hexacom: Company has received significant relief as the Bombay High Court set aside an Rs 473.7 crore spectrum charge demand (Positive)
Bharti Airtel: India halts Starlink approvals amid Iran war security fears. (Positive)
Marksans Pharma: India Ratings and Research has revised the outlook for the Company''s bank loan facilities to Positive from Stable (Positive)
NTPC: Defence Min Approves First Large-Scale Solar Power Project on Defence Land at Sitapur, UP. (Positive)
KNR Constructions: Company bags ₹235.07 Cr Flyover Project in Hyderabad. (Positive)
Muthoot Microfin: Company has received a significant credit rating upgrade from CRISIL (Positive)
Dixon Technologies: Company has enters into a JV binding term sheet with Gemtek (Positive)
MSP Steel & Power Ltd: Promoter Group entities acquired 23,50,000 & 11,05,000 equity shares respectively via open market purchases. (Positive)
HCL Tech: Company has launched a Cybersecurity Fusion Center (CSFC) in Mississauga, Canada, expanding its cybersecurity capabilities in the region. (Positive)
Bharti Hexacom: Company gets relief as Bombay high court sets aside Rs 473.7 crore spectrum charge demand. (Positive)
RMC Switchgears: Company outlines FY27–FY29 growth strategy; bets on EPC, electrical products and pulsebox expansion. (Positive)
Shriram Fin: India CCI approves Sanlam's stake buy in Shriram Life Insurance (Positive)
Emcure Pharma: Kotak Mahindra MF buys 36 lakh shares (Positive)
Ajanta Pharma: Kotak Mahindra MF buys 21 lakh shares (Positive)
Bluestone Jewellery: Nippon India MF buys 25 Lk shares (Positive)
Maruti Suzuki: Company freezes small car prices: Rs 30,000 price hike waived for bookings till June 14 (Neutral)
NLC India: India govt to exercise oversubscription option for 1% stake in NLC India OFS (Neutral)
Quality Power: Company expands with ₹315 Cr Winwin Speciality Insulators acquisition. (Neutral)
Glenmark: Company targets 13-15% revenue CAGR, on track for 23% EBITDA margin by FY27 (Neutral)
Patanjali Foods: Company received notice from Maharashtra FDA regarding promotional claims of Patanjali karela jamun juice; required to address concerns and potential recall of product. (Neutral)
Orient Ceratech Limited: Company has entered into an Agreement for Sale of its Thermal Power Station (Neutral)
PNB Housing Finance Ltd: Company has approved the allotment of 50,000 Listed, Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each. (Neutral)
Manbro Industries Ltd: Board of Directors approved a merger with KD Iron & Steel Private Limited, an entity with common promoters. (Neutral)
KRN Heat: Board approves ₹235.25 cr investment in its subsidiary, KHPL. (Neutral)
Vedanta: Malco Energy Ltd changed to Vedanta Oil & Gas Ltd w.e.f. June 9. (Neutral)
Aviation stocks: Jet fuel for domestic airlines will now cost ₹115 per litre. (Neutral)
JSW Energy: Moody's Ratings has affirmed the "Ba1/Stable" rating for the Senior Secured Notes (Neutral)
Welspun Corp: Company’s arm divests 4.5% stake in EPIC for ₹7 cr. (Neutral)
Newgen Software: Virender Jeet resigns as CEO. (Neutral)
MOIL: Govt exempts Manganeseores & concentrates, including ferruginous manganese ores and concentrates with a manganese content of 20% or more from customs duty. (Neutral)
Dredging Corp: Board approved the appointment of Jasmeet Singh Bindra as Additional Director and Chairman. (Neutral)
Ramkrishna Forgings: Board approved the allotment of 3.35 lakh warrants and 3.35 lakh equity shares worth Rs 52.7 crore. (Neutral)
Garden Reach: The government has nominated Vijay Namdeorao Zade as a Part-Time Official Director. (Neutral)
Vijaya Diagnostic: Sai Siva Prasad has resigned as Chief Technology Officer, effective August 8. (Neutral)
Anupam Rasayan: Company has announced it will make an open offer following the acquisition of a 43% stake in Bliss GVS Pharma. (Neutral)
By: via 🇮🇳AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
