Market Highlights

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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June 11, 2024

• INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 10-06-2024 :
• FIIS F & O : RS. CRS. :
• TOTAL NET SELL : -2511
• INDEX FUT. : +3063
• INDEX OPT. : +45
• STOCK FUT. : -5398
• STOCK OPT. : -221
• SEC. IN BAN FOR : 11 JUN, 2024 :
• 1. ZEEL 3. BALRAMCHIN 3. SAIL 4. INDIACEM
• ADDITION : INDIACEM
• DELETION : NIL
• INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 10-JUN-2024 :
• FIIS : BUY +2,572 (13,722-11,150)
• DIIS : BUY +2,765 (16,934-14,169)
• BSE SENSEX : -203 (76,490)
• NSE NIFTY : -31 (23,259)
• BSE MIDCAP. : +245 (44,356)
• BSE SMLCAP. : +508 (49,239)
• B. CRUDE : $ 80.38
• GOLD: $ 2,303=INR 72,400(10gr)
• SILVER : RS. 89,800 (kg)
• FOREX : RS. $ 83.51
• 7.10% GOI '34 : 7.0331% (100.450)
• 7.18% GOI '33: 7.0818%(100.64)
• 7.18% GOI '37: 7.0834% (100.8050)
• India Daybook – Stocks in News
• PTC Industries: Company joins SPV as part of government's drive for defense and aerospace sector (Positive)
• JBM Auto: Company Unit has Signed an Agreement with Muon India Private Ltd, A Macquarie Group company and Intends to deploy over 2,000 electric buses with Muon's. (Positive)
• Axis Cades: Company to deliver drones to Indian army as part of order worth Rs 100 crore. (Positive)
• JK Tyre: Company teams up with EKA Mobility to offer comprehensive tyre management solutions. (Positive)
• Akums Drugs: Company launches combination drug for gastrointestinal tract disorders. (Positive)
• Bharat Dynamics: Company eyes new orders worth ₹20,000 crore over next 2-3 years. (Positive)
• Ahluwalia Contracts: Company wins order Worth 483 Cr rupees (Positive)
• RVNL: Company gets order worth Rs 394 crore from Bangalore Metro Rail Corp. (Positive)
• Auto Stocks: Hyundai Motor to file RHP over the next 2 weeks: ET SOURCES (Positive)
• Power Grid: Company says successfully commissioned project under central sector for Northern Region (Positive)
• Vodafone Idea: To consider raising funds via equity shares/convertible preference shares on June 13. (Positive)
• *Puravankara: Company to Consider Raising Of Funds via QIP on June 13 (Neutral)
• Kalpataru Projects: Company board approves proposal to raise Rs 300 crore through issuance of NCDs on private placement basis. (Neutral)
• Repco Home: Company says K.Lakshmi tendered resignation as CFO (Neutral)
• Transformers & Rectifiers: Company opens QIP sets floor price at Rs 699.95/share. (Neutral)
• IndiGo: Rahul Bhatia family likely to sell 2% stake for ₹3,293 crore in a block deal. (Neutral)
• Mphasis: Company' promoter, BCP TOPCO IX, sold 2.85 crore shares. (Neutral)
• Jubilant Food; Domino’s Pizza opens 2,000th store in India. (Neutral)
• NLC India: Company to raise foreign currency loan up to $600 million. (Neutral)
• Bank of Baroda: Keeps MCLR unchanged across tenures w.e.f. June 12 (Neutral)
• MPhasis: BCP Topco IX Pte likely to sell 10.6% stake in Mphasis via block deals; base price at ₹2,350/share. (Neutral)
• Kalpataru Projects: Company will issue 30,000 NCDs with a face value of Rs 1 lakh each to raise Rs 300 crore. (Neutral)
• Honasa: Fireside, Sofina Ventures to sell up to 2% stake of Honasa Cons worth ₹273.2 cr via block, floor price ₹421.3/Sh (Neutral)
• KIOCL: Company says operation of Pellet Plant Unit at Mangalore has suspended production (Negative)
• IRB Infra: Cintra (Ferrovial Affiliate) likely to sell 5% stake of IRB Infra, deal price range is ₹63/sh to ₹70.16/sh (Negative)
• News Headlines from Business News Agencies :
• Business Standard :
• Nvidia triggers speculations over possible Dow inclusion after stock split
• India's MF assets at Rs 58.6 trillion in May, up nearly Rs 10 trn in a year
• HCLTech launches Enterprise AI Foundry to streamline, scale enterprise AI
• ARCs to see 500-700 bps higher recoveries from residential realty: CRISIL
• Cognizant to acquire Belcan for $1.3 bn to boost engineering capabilities
• Jaypee Infra insolvency: Suraksha to pay 1st tranche to YEIDA before Aug 24
• SAIL-Bhilai supplies 4,000 tonnes of heat-treated rails to Railways
• UP govt steps up land acquisition for Amritsar-Kolkata Industrial Corridor
• Southeast Asia emerges as top choice for Indian tourists, finds Oyo report
• High property prices to boost debt recovery from realty projects: Report
• Reliance Power becomes debt free on standalone basis; clears pending dues
• Citroen inks MoU with CAB-EEZ Infra Tech to supply 2,000 units of e-C3 EVs
• Economic Times :*
• JSW Energy begins construction of 1 GWh battery energy storage project in Rajasthan
• SBI Mutual Fund first one to cross Rs 10 lakh crore AAUM milestone
• Havells India partners with Jumbo Group for kitchen appliances in UAE
• Sebi proposes stricter norms for inclusion of derivative trading on individual stocks
• May auto retails impacted by heatwave and elections, dip 5.3% MoM: FADA
• Retail buyers oversubscribe Ixigo IPO within hours on debut
• Tata Motors to launch multiple electric cars under Avinya brand: Report
• Consumer sector in focus post-election results! D-Mart, Tata Consumer could give 12-18% in 1 year
• Axiscades Technologies to supply drone systems to Indian Army under Rs 100 crore order
• MahaRERA keeps registration of 1,750 lapsed housing projects in abeyance
• Parag Parikh Flexi Cap Fund increases stake in ITC, HDFC and Kotak
• Mint :
• Equity mutual fund inflows skyrocket to record ₹34,697 crore in May: AMFI
• Rapid growth in India's ad market, China's slowing: Mindshare Asia Pacific CEO
• NTPC eyes $50 billion capex to transform into a complete energy company
• Centre plans stringent policy measures for reducing pulses and edible oil import
• Xiaomi India eyes increased localization, Apple-like ecosystem
• Blackstone sells Mphasis tranche in early Monday trade
• Kronox Lab Sciences share price lists at ₹165, a 21% premium to IPO price
• Gold prices dip on strong US dollar as China pauses buying yellow metal
• SEBI mulls boosting NRI/ OCI participation in IFSC-based FPIs
• Shyam Metalics May stainless steel production down 28.1% MoM at 4,949 Tonnes
• The Leela Hotels IPO valued at $2.5 billion in dramatic turnaround
• Beat The Street I Stock Market News:
• KN Agri Resources : Long term rating downgraded to 'CRISIL BBB+/Stable'; 'CRISIL A2' reassigned to short term bank debt
• Fischer Chemic, Change of Company Name, Fischer Medical Ventures Ltd (formerly known as Fischer Chemic Ltd) has informed on approval of Change of Scrip ID and Abbreviated name in the BSE portal
• HUDCO, AADHAR HOUSING FINANCE, AAVAS FINANCIER, APTUS VALUE HOSUING FINANCE, PNB HOUSING FINANCE, Govt to further expand the Pradhan Mantri Awas Yojana and construct 3 crore additional rural and urban houses, Alert-Rural Recovery and Expected Rate Cuts Also Positive Triggers
• Insider Selling:
• Max India Ltd: Disposal of 4,700 equity shares worth Rs 12.70 lacs by kmp
• Max India Ltd.: Disposal of 24,500 equity shares worth Rs 66.50 lacs by designated person
• Shalimar Paints: Disposal of 72,900 equity shares worth Rs 111.68 lacs by directors immediate relative
• Fund Raising Alert:
• Panache Digilife
• Board Meeting Intimation
• PANACHE DIGILIFE LIMITED has informed the Exchange about Board Meeting to be held on 17-Jun-2024 to consider Fund raising
• PNC Infratech Limited issued a clarification on the recent CBI search at the residence and offices of its Managing Director and Whole-time Director. Four employees were arrested, while the MD and Director were summoned. The company is committed to complying with all laws and keeping the stock exchanges informed.
• Stocks in News post Market closure
• EKI Energy Services Limited :EKI hereby applauds the Integrity Council for the Voluntary Carbon Market's (ICVCM) recent approval of the first carbon-crediting methodologies that meet its stringent Core Carbon Principles . This milestone represents a significant advancement in ensuring the integrity and effectiveness of carbon credits within the voluntary carbon market . & Company has Associate World of Circular Economy (WOCE) Empowers Climate Action with AI.
• PTC Industries Ltd : Board has announce its partnership with leading entities under DTIS scheme in the Indian Defence and Aerospace sector to advance the 'Make in India' initiative.
• CALIFORNIA SOFTWARE CO.LTD : Board approved for raising of funds.
• ORIENTAL CARBON & CHEMICALS LTD : Board approved Scheme of Arrangement between Oriental Carbon and Chemicals Ltd and OCCL Ltd and their respective shareholders.
• KRETTO SYSCON LIMITED : Board meeting to be held on 14th June 2024,To Consider funds raising.
• Trishakti Industries Limited : Company have been awarded a contract by ITD CEMENTATION INDIA LIMITED for ADANI RENEWABLE ENERGY WORK SITE.
• KIOCL Ltd : The operation of Pellet Plant Unit of the Company situated at Mangalore has suspended production on June 10, 2024 due to ongoing downward trend in pellet market condition.
• Ahasolar Technologies Limited : The Company has incorporated a new Wholly owned Subsidiary in the name of “RTC Energy Private Limited” on 5th June, 2024 (COI received on 10th June, 2024), with 100% Stake in the said Company.
• RVNL : Company has received Letter of Acceptance from Bangalore Metro Rail Corporation Ltd. for " Engineering, Supply, Erection, Testing and Commissioning of 33 KV Distribution, 750V DC Third Rail Traction Electrification including Traction Substations, Auxiliary Substations and SCADA System for Phase-2A & Phase 2 B. The Cost of work is INR 3,942,390,663.45 & (2)Rail Vikas Nigam Limited emerges as the Lowest Bidder (L1) from Central Railway for “OHE modification work for Up-gradation of existing 1 x 25 kV Electric Traction System to 2 x 25 kV AT Feeding System in Amla-Nagpur Section in Nagpur division of Central Railway to meet 3000 MT loading target. The project cost RS.138,45,86,991.62/-.
• Bharat Parenterals Ltd : Board approved Raising of further capital.
• WELCURE DRUGS & PHARMACEUTICALS LTD : The Board approved, To consider raising of funds.
• Pankaj Piyush Trade and Investment Limited : Board meeting to be held on 13th June 2024,To consider & approve the raising of funds.
• NLC India: The company raised foreign currency loans up to $600 million and it will make an investment of Rs 994.5 crore in unit NLC India Renewables. To seek external assistance from the Multilateral Development Bank via DEA for renewable power projects
• Jubilant Foodworks: Domino's Pizza crossed the 2,000-store mark in India.
• Vodafone Idea: The company will consider fund-raising in its board meeting on June 13.
• H. G. Infra Engineering: The company incorporated a step-down subsidiary company, namely H. G. Jaipur Solar Project, to carry out business in the field of solar power
• Cosmic CRF Ltd: the Company has received three orders from two different Companies A. Order of Gross Value ¥ 1,286.67 Lakhs (inclusive of GST) to be completed within a period of 6 months as per Annexure A.) B. Order of Gross Value I 1,093.67 Lakhs (inclusive of GST) to be completed within a period of 6 months as per Annexure B.)
• Sectoral, thematic funds investing in stocks log record inflows of Rs 19,213 crore in May: AMFI*
• Sectoral or thematic funds, which invest mainly in stocks based on a particular theme or a sector, saw a record net inflow of Rs 19,213 crore in May, thanks to the new fund offer (NFO) of HDFC Manufacturing Fund, showed the Association of Mutual Funds of India (AMFI), the industry trade body for mutual funds, on June 10.
• HDFC Manufacturing Fund, which was launched in May, garnered Rs 9,563 crore from investors during its new fund offer (NFO) period in the month.
• The NFO for HDFC Manufacturing Fund commenced on April 26 and concluded on May 10.
• HDFC Manufacturing Fund’s investment strategy emphasised on a core portfolio comprising at least 80 percent investment in stocks representing diverse sectors under the manufacturing theme.
• Meanwhile, equity mutual fund inflows surged 83.42 percent to a record high of Rs 34,697 crore in May, according to the data released by AMFI.
• As per the AMFI data, the previous record inflow into the sectoral/ thematic Fund category had stood at Rs 11,262.71 crore in February 2024. There are 162 mutual funds in this category with total assets under management (AUM) of Rs 3.37 lakh crore as of May 31.
• As per rules laid out by the Securities and Exchange Board of India (Sebi), the capital market regulator, a sector or thematic fund must invest at least 80 percent of its corpus in the sector or the theme it tracks.
• Sector and thematic mutual fund schemes are getting more and more popular by the day. Of all the equity-oriented and hybrid new fund offers (NFO) launched from January 1, 2023 to March 31, 2024, sector and thematic funds collected among the highest inflows, as per Value Research data.
• Experts said sector and thematic funds aren’t meant for everyone. These funds should be looked at from a satellite approach, as schemes that add flavour to your portfolio. That’s because such funds pin their hopes on a single or few sectors.
• India's mutual fund assets nears 60 trillion rupees in May, data shows*
• India's mutual fund assets rose to 58.6 trillion rupees ($701.90 billion) in May, inching closer to adding 10 trillion rupees in less than a year, the fastest rise on record, data showed on Monday.
• While the fund industry took five decades to build the first 10 trillion rupees of assets since its inception in 1964, it has added the last 9 trillion rupees of assets in less than six months.
• Inflows into equity mutual funds rose 83% month-on-month to 346.97 billion rupees last month, with investors continuing to prefer small- and mid-caps, according to data from the Association of Mutual Funds in India (AMFI).
• Net equity mutual fund inflows in May are the highest on record since April 2019, when AMFI started reporting monthly mutual fund flows in the current format.
• Domestic equity mutual funds have seen net inflows every month since February 2021, aggregating 5.58 trillion rupees, well above net foreign inflows over the same period.
• The benchmark NSE Nifty 50 has risen about 55% over these last 39 months, aided by mutual fund inflows.
• Despite concerns over high valuations, inflows into small-caps rose 23.4% to 27.25 billion rupees in May, while mid-cap fund inflows increased 45.3% to 26.06 billion rupees.
• Meanwhile, large-caps saw inflows almost double to 6.63 billion rupees.
• "Over the last year, small- and mid-cap categories attracted significant inflows due to their growth potential," said Feroze Azeez, deputy chief executive at Anand Rathi Wealth.
• "Stress tests have indicated that there is no liquidity stress in the two categories, comforting investors and spurring continuous allocations," added Azeez.
• The benchmark Nifty 50 and small-cap shed 0.33% and 1.85% in May, respectively, while mid-caps rose 1.65%. [.BO]
• Meanwhile, contributions to systematic investment plans (SIPs) touched a record high of 209.04 billion rupees in May.
• Sectoral and thematic fund inflows hit a record 192.13 billion rupees in May, aided by interest in New Fund Offers (NFOs).
• Beat The Street I Stock Market News:
• Modi Cabinet 3.0 takes big decision in first meeting, govt to construct 3 crore houses under PMAY* in rural and urban regions. DLF, HUDCO, India, NBCC Cement, Ultratech keep on radar.
• IRIS Clothings Co Fortifies Retail Expansion With Inauguration Of Two Exclusive Brand Outlet
• INTERGLOBE AVIATION (BLOCK DEAL): Promoter Rahul Bhatia likely to sell 2% stake for ₹3,293 crore, Floor price at Rs 4266/share-discount at 6%, Stake likely to fall to 35.75%
• IRB INFRA (BLOCK DEAL): FII Cintra Investments likely to sell 5% stake worth Rs 1900cr, Floor price at 10% discount-Upto Rs 63/share, Stake likely to fall below 20%
• VODAFONE IDEA: To consider raising funds via equity shares/convertible preference shares on June 13. Alert- Fund raise of Rs 20000 cr; SBI General Insurance, HDFC Mutual Fund, Quant, GQG and others are big investors
• JUBILANT FOODWORKS
• Domino's aims to double store count to 4,000 in India in 5-6 years, India is now the second biggest market for Domino's after-the US in terms of number of operational stores, Alert-India currently has 2,000 stores
• Raymond Realty bags second redevelopment project in Bandra (East) ~Project to generate a revenue of more than 2000 crore over the project period.
• PTC Industries Joins SPV as Part of Government's 'Make in India' Drive for Defence and Aerospace Sector Enhancement
• NLC India Ltd.: To raise $600mn (Rs 5k cr) via external commercial borrowing (foreign loan), To invest Rs 995cr in renewables arm
• TOP STORIES
• -Stock rally wavers in Fed countdown as Euro slides.
• -Mphasis promoter divests over 15% stake.
• -Bank of India acquires 6.13% stake in CCIL IFSC.
• -Inflows in India gold ETFs resume after a month.
• -Domino's Pizza crosses 2,000-store mark in India.
• 3 Large Blocks Deals Today:
• Interglobe - 2% stake sale (Seller - Interglobe Aviation)
• IRB - 5% stake sale (Seller - Cintra (Ferrovial affiliate)
• Honasa Consumer - 1-2% stake (Sellers - Fireside Ventures & Sofina Ventures
• Antique on L&T Fin: Initiate Buy, TP Rs 220, Promoter group has shown renewed vigor & placed their trust in an all-round leader, AUM growth to sustain at 20%+; structurally working on reducing credit cost
• *Macquarie on Sun Pharma*
• O-P, TP Rs 1685
• View as a consistent compounder given continued earnings mix shift towards branded businesses driving profitability & ROIC improvement.
• Specialty, innovation medicines biz (>$1bn FY24 rev), readying for growth
• O-P, TP Rs 1685
• Strong balance sheet with net cash of >US$2bn & annual free cash flow of >US$1bn offers acquisition/in-licensing optionality.
• *UBS on GAIL*
• Buy, TP Rs 250
• GAIL's Rs600bn project may start in FY31; Board approval yet to be taken
• GAIL diversifying its feedstock; Reliance has been using ethane since 2017
• GAIL investing heavily towards petchem; a 2.95mmtpa portfolio by end-2025
• *CLSA on Oil & Gas*
• Surging spot LNG Prices
• Likely to have +ve rub-off effect for GAIL, GSPL & PNG, which have become a way to gain exposure to peak domestic power demand.
• CNG sales growth for Delhi slowed in May while Mumbai & Gujarat continued their uptrends
• Prefer MGL & IGL
• *Jefferies on ONGC*
• Buy, TP Rs 390
• Believe policy continuity on pricing reforms post elections should keep Co 's profitability elevated
• Recent correction appears overdone & provides an attractive entry point
• Ramp-up in KG basin production & accretion to profitability key triggers
• *Antique on L&T Fin*
• Initiate Buy, TP Rs 220
• Promoter group has shown renewed vigor & placed their trust in an all-round leader
• AUM growth to sustain at 20%+; structurally working on reducing credit cost
• *Elara on HCC*
• Initiate Buy, TP Rs 63
• Expect INR 90bn inflows in FY25E vs guidance of INR 100bn, increasing by 15% pa for next 2 yrs
• Expect standalone rev & EBITDA CAGR of 20% each during FY24-27E with an earnings CAGR at 50%, due to lower interest cost
• *Fund Houses Recommendations*
• Nomura on *KEC Int:* Maintain Buy on Company, target price at Rs 960/Sh (Positive)
• Jefferies on *ONGC:* Maintain Buy on Company, target price at Rs 390/Sh (Positive)
• MS on *GAIL:* Maintain Overweight on Company, target price at Rs 250/Sh (Positive)
• Macquarie on *Sun Pharma:* Maintain Buy on Company, target price at Rs 1685/Sh (Positive)
• Elara on *HCC:* Initiate Buy on Company, target price at Rs 63/Sh (Positive)
• Nomura on *Federal Bank:* Maintain Buy on Bank, target price at Rs 195/Sh (Positive)
• MOSL on *State Bank:* Maintain Buy on Bank, raise target price at Rs 1015/Sh (Positive)
• Antique on *L&T FH:* Maintain Buy on Company, target price at Rs 220/Sh (Positive)
• CLSA On Oil & Gas: Surge in spot LNG price is likely to have a +ve rub-off effect for *GAIL, GSPL & PLNG* (Positive)
• CLSA on Life Insurance: *SBI Life* is currently best placed as it will have least impact from regulation" (Positive)
• Nuvama on Life Insurance: *SBI Life* and *HDFC Life* are top picks (Positive)
• JP Morgan on *GAIL:* Maintain Neutral on Company, target price at Rs 184/Sh (Neutral)
• MS on *Tata Chemicals:* Maintain Underweight on Company, target price at Rs 843/Sh (Neutral)
• Nomura on *Axis Bank:* Maintain Buy on Bank, target price at Rs 1250/Sh (Neutral)
• *Demerger Update_Record Date Announced*
• *Oriental Carbon & Chemicals Limited (Demerged Company)*
• *OCCL Limited (Resulting Company)*
• Symbol: OCCL
• Stock Price: 676.20 /-
• *Last cum date: 28 June 2024*
• *Record date: 01 July 2024*
• Ratio : 5:1 (For every 5 shares held in Oriental Carbon & Chemicals, the shareholders will receive 1 share in OCCL)
• Money Market Update: The Indian currency closed 13 paise lower against the U.S. Dollar at 83.51.
• Who’s Meeting Whom
• Aurobindo Pharma: To meet analysts and investors on June 13.
• Sapphire Foods: To meet analysts and investors on June 14 and 18.
• Krsnaa Diagnostics: To meet analysts and investors on June 11.
• Radiant Cash Management Services: To meet analysts and investors on June 13.
• Sharda Cropchem: To meet analysts and investors on June 19.
• Can Fin Homes: To meet analysts and investors on June 13.
• Electronics Mart: To meet analysts and investors on June 14.
• Kotak Mahindra Bank: To meet analysts and investors on June 13.
• Trading Tweaks:
• Price Band revised from 10% to 5%: Heritage Foods.
• Ex/record Dividend: Tata Motors, Asian Paints, Jindal Saw
• Ex/record AGM: Jana Small Finance Bank, Jindal Saw.
• Moved out short-term Framework: GRP, Heritage Foods.
• Insider Trades:
• Kalyan Jewellers: Promoter Thrikkur Seetharama Iyer Anantharaman (Revised) sold 25,000 shares.
• Stocks to Watch
• Raymond: Raymond Realty, an arm of the company, received a second redevelopment project in the Bandra (East) area of Mumbai. The project is estimated to generate over Rs 2,000 crore in revenue.
• PTC Industries: The company announced its partnership with leading entities under the DTIS scheme in the Indian defence and aerospace sectors to advance the 'Make in India' initiative.
• Rail Vikas Nigam: The Siemens-RVNL consortium has received a letter of acceptance from Bangalore Metro Rail Corporation for engineering, supply, erection, testing, and commissioning of 33 KV distribution and 750 V DC Third Rail Traction Electrification.
• Repco Home Finance: CFO K. Lakshmi has resigned due to personal reasons.
• Bank of Baroda: The company has kept MCLR unchanged across tenures, effective June 12.
• NLC India: The company raised foreign currency loans up to $600 million and it will make an investment of Rs 994.5 crore in unit NLC India Renewables. To seek external assistance from the Multilateral Development Bank via DEA for renewable power projects.
• Jubilant Foodworks: Domino's Pizza crossed the 2,000-store mark in India.
• Vodafone Idea: The company will consider fund-raising in its board meeting on June 13.
• H. G. Infra Engineering: The company incorporated a step-down subsidiary company, namely H. G. Jaipur Solar Project, to carry out business in the field of solar power.
• InterGlobe Aviation: InterGlobe Enterprises, owned by the Rahul Bhatia family, is set to sell a 2% stake in the budget airline Indigo, according to Bloomberg. The deal will involve offloading 7.7 million shares at a minimum price of ₹4,266 each, representing a 7% discount from Monday's closing price.
• INDIGO: BLOCK DEAL ALERT - BHATIA FAMILY UNIT INTERGLOBE ENTERPRISES TO SELL 2% STAKE IN CO VIA BLOCK DEALS, TO SELL 77 LAC SHARES VIA BLOCK DEAL WORTH RS 3293 CRS. BASE PRICE RS 4266 PER SHARE (7% DISCOUNT) - CNBC AWAAZ, CITING SOURCES
• IRB INFRA: BLOCK DEAL ALERT - CINTRA TO SELL UPTO 5% STAKE VIA BLOCK DEAL, DEAL PRICE RANGE RS63/SH 70.16/SH (UPTO 10.2% DISCOUNT TO CMP). DEAL SIZE -1900.3CR AT LOWER END OF OFFICE BAND || JEFFERIES BROKER TO DEAL - CNBC AWAAZ, CITING SOURCES
• Securities in Ban For Trade Date 11 -JUNE-2024:
• 1. INDIACEM
• 2. BALRAMCHIN
• 3. SAIL
• 4. ZEEL
• Possible Entrants
• 1. HINDCOPPER
• 2. BANDHANBNK
• 3. PEL
• 4. PNB
• 5. GMRINFRA
• Possible Exits
• 1. ZEEL
• BULK DEAL ALERT:
• Cigniti Technologies
• RAJASTHAN GLOBAL
• Bought 1,85,675 shares @ Rs.1,349.23
• Seller -OLD BRIDGE CAPITAL
• Nifty closed @23,259.20 (-30.95) and Sensex @76,90.08 (-203.28) on Monday. GIFT Nifty was trading at 23,285 (as of 7:30 a.m)
• FIIs net bought equities in cash to the tune of Rs 2 572 cr whereas DIIs bought equities in cash worth Rs. 2 764 cr on June 10 2024
• Cabinet portfolios announced Nirmala Sitharaman Nitin Gadkari and Piyush Goyal retain their ministries
• Indian Army recommends major changes to the Agniveer scheme
• PM Modi led Cabinet approves govt assistance for constructing 3 crore rural, urban houses under PMAY
• BPCL plans to set up new refinery for Rs 50 k cr
• Equity MF inflows surge to a record Rs 34 697 cr in May
• Banks ask RBI to ease liquidity rule to keep credit taps open
• GAIL announces Rs 60 000 crore ethane capex
• JSW Energy begins construction of 1 GWh battery energy storage project in Rajasthan
• PV sales decline in May on polls, heatwave effect
• Domino's aims to double store count to 4,000 in India in 5-6 years
• PayTM lays off staff as part of restructuring
• Godawari Power plans second buyback in two years Stock rallies 12% after 3 x jump in a year
• Mphasis promoter, Blackstone, divests 15% stake
• Raymond Realty received a second redevelopment project in Bandra ( East) which is estimates to generate over Rs 2,000 cr in revenue
• Suprajit Engineering Ltd is likely to add €50 million to its revenue after it completes the acquisition of a Germany based Light Duty Cable maker
• Indian ADRs: Dr Reddy's (+1.7%), Infosys (-0.94%) and Wipro (-1.07%)