🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Reliance Industries: Its digital arm, Jio Platforms, has officially filed draft papers (DRHP) with SEBI for an Initial Public Offering (IPO), which includes a fresh issue of 27 crore equity shares.
• Sun Pharma: The pharmaceutical major is set to acquire a 100% stake in Innovcare Lifesciences for ₹271.2 crore, aiming to expand its presence in the nutraceuticals and cosmeceuticals market.
• Dalmia Bharat: The company plans to raise up to ₹4,000 crore to support its long-term strategy of reaching a manufacturing capacity of 110-130 million tonnes per annum by FY31.
• Bharat Forge: Announced a new contract worth ₹425 crore with the Ministry of Defence to supply gas turbine generators to the Indian Navy.
• Goodluck India: The company has bagged a significant order valued at ₹255 crore for the supply of long-range empty shells.
• Kirloskar Oil Engines: Secured a major order from HyperNext to provide infrastructure solutions for large-scale data centers.
• John Cockerill India: Received an order worth approximately ₹90 crore from JSW JFE Electrical Steel for the supply of tunnel furnace packages.
• Lloyds Enterprises: The company will acquire a 17.98% stake in Steel Infra Solutions for a total consideration of ₹1,073 crore.
• Wipro: Successfully completed the acquisition of an additional 20% stake in Aggne Global IT Services.

Neutral Developments

• BSE Index Reshuffle: Effective today, Ashok Leyland has been added to the BSE 100 index. Meanwhile, Ambuja Cements, One 97 Communications (Paytm), Tube Investments, CG Power, and Colgate-Palmolive have been moved to the Sensex Next 50.
• Bandhan Bank: The Reserve Bank of India (RBI) has approved the appointment of Arun Kumar Singh as an Additional Director on the bank's board.
• Equitas Small Finance Bank: The board is scheduled to meet on June 24 to discuss fundraising through a Qualified Institutional Placement (QIP) and debt instruments.
• UCO Bank: Executive Director Rajendra Saboo has been assigned the additional charge of Managing Director and CEO until August 31, 2026.
• Ex-Dividend Stocks: Shares of DMR Engineering, Panasonic Carbon India, and Sangam India will trade ex-dividend starting today.

Negative News

• Som Distilleries & Breweries: The Excise Department has rejected the FY27 manufacturing license for the company's Bhopal plant; the company is currently pursuing legal remedies.
• BCL Industries: Reported a fire incident involving an ethanol tanker at its Bathinda distillery; while the fire is under control, the company is still assessing the financial impact.
• MedPlus Health: A subsidiary of the company has been served a one-day drug license suspension for one of its stores located in Telangana.
• Oswal Pumps: CFO Subodh Kumar has tendered his resignation to pursue opportunities outside the organization.
• IT Sector (TCS/Infosys/HCL Tech): Sentiment remains fragile as the sector continues to reel from global peer Accenture’s recent revenue guidance cut, which triggered a nearly 10% crash in some heavyweights last Friday.

TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex