🇮🇳 India Daybook: Diamond Power Plans Capital Raise, Hexaware Expands in UK

📍 CAPITAL RAISE & EXPANSION

• Diamond Power Infrastructure: The company has announced a major capital raise plan to support its expansion strategy and strengthen its balance sheet.
• Hexaware Technologies: The IT services firm is significantly boosting its UK presence through a new strategic investment aimed at enhancing local delivery capabilities.
• Aavas Financiers: The Board of Directors met on June 21 to discuss strategic initiatives; further details on the outcome are expected in today’s regulatory filings.

📍 CORPORATE ACTION

• Panasonic Carbon India: Today is the record date for a final dividend of Rs 12 per share.
• Sangam India: The company has fixed June 22 as the record date for a dividend of Rs 2 per share.
• DMR Engineering: Shareholders on record as of today will be eligible for a dividend of Rs 0.14 per share.
• Asian Paints & HUL: Shares of these consumer giants are in focus as they approach their respective ex-dividend dates for large payouts of Rs 23 and Rs 22 later this week.

📍 IPO WATCH

• Turtlemint Fintech Solutions: The IPO continues to see muted subscription levels and a subdued Grey Market Premium (GMP) as it enters a critical phase of its bidding period.
• Zepto: Market buzz continues to grow around the quick-commerce major's potential listing plans, with analysts tracking private valuation shifts.

📍 BROKERAGE RADAR

• Eternal Ltd: Anand Rathi has recommended a 'Buy' with a target price of Rs 285 and a stop loss at Rs 250.
• Trent Ltd: Technical analysts maintain a bullish stance on the retail major, setting a target of Rs 3,700.
• Mankind Pharma: IDBI Capital has issued a 'Buy' rating with a target of Rs 2,630, citing a favorable technical setup in the pharma space.
• Jindal Steel: Brokerages have identified the stock as a top pick for the week with a target price of Rs 1,370.

📍 MARKET CUES

• Global Geopolitics: Market sentiment remains sensitive to the US-Iran peace negotiations in Switzerland, which are expected to have a direct impact on global crude oil prices.
• Nifty Technicals: The Nifty 50 faces immediate resistance at the 24,100–24,200 zone, while the 23,850–23,900 range is expected to act as a crucial support base.
• FII/DII Activity: Foreign Institutional Investors (FIIs) remained net sellers in recent sessions, though robust inflows from Domestic Institutional Investors (DIIs) continue to provide a floor for the benchmarks.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

Tags: India Daybook Stocks in News Corporate News Stock Market Company News