** 🇮🇳 India Daybook ~ Stocks in News

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Positive Buzz

• Kotak Mahindra Bank: The lender has executed a Business Transfer Agreement (BTA) to acquire Deutsche Bank's retail banking, private banking, and wealth management business in India for approximately ₹281.7 crore.
• Persistent Systems: The company is scheduled to meet with Goldman Sachs Asset Management today to discuss its long-term growth trajectory following its recent $1.2 billion revenue milestone.
• Godrej Properties: The real estate major has acquired a 47-acre land parcel off OMR in South Chennai, strengthening its residential development pipeline in the region.
• Bajaj Auto: The company’s share buyback tender offer officially opens today, July 1, and will remain open until July 7, 2026.
• MSTC: Shares are in focus following the Delhi government's approval of the "Delhi EV Policy 2026," which is expected to boost the company’s scrappage incentive and vehicle auction business.
• Shilpa Medicare: The company has entered into a partnership with Orion for the development and supply of Nivolumab, a move expected to strengthen its biologics portfolio in the European market.
• Godawari Power & Ispat: The company has increased its stake in Jammu Pigments to 43.96% from 13.73% following the conversion of CCPS into equity shares.
• Cantabil Retail India: The company expanded its footprint by opening five new showrooms in June 2026, bringing its total store count to 667 across India.

Neutral Developments

• Maharashtra Seamless: Whole-time Director Pithelis Raj Santhanamarian has resigned from his executive role citing personal reasons.
• Religare Enterprises: Rahul Mehrotra, the MD & CEO of the company’s housing finance subsidiary, has tendered his resignation.
• Amber Enterprises: The company has extended the timeline for acquiring the remaining stake in MoMagic Wireless through its subsidiary, IL JIN Electronics, to September 30, 2026.
• Brainbees Solutions (FirstCry): The company has extended the timeline for capital infusion into its US and UAE subsidiaries due to procedural delays.
• SRF: The board has approved the reappointment of Kartik Bharat Ram as the Joint Managing Director of the company.

Negative News

• HDFC Life: A GST appellate authority has upheld a tax demand of ₹132.7 crore along with a matching penalty of ₹132.7 crore, totaling over ₹265 crore against the insurer.
• IT Sector (Infosys, TCS, HCL Tech): Large-cap IT stocks remain under pressure as the Nifty IT index continues its three-day losing streak amid concerns over global tech spending and high valuations.
• Genus Power Infrastructures: The stock witnessed heavy selling pressure following a large block deal where approximately 2.9% of equity changed hands, with GIC reportedly being a key seller.
• Ceigall India: Despite executing a new Power Purchase Agreement (PPA) for a 220 MW solar project, the stock has faced downward pressure in recent sessions.

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

Tags: ** Stocks in News Stock Market Buzzing Stocks Nifty Sensex