Here's a quick look at which stocks will be in focus in trade on Tuesday, from significant investments and major deals to key appointments announced by companies after market hours on Monday:
Stocks To Watch
MMRFIC Technology, a group company of Sansera, opened a new R&D facility in Bangalore integrating semiconductor packaging, precision PCB assembly, and testing.
The jewellery company has acquired the remaining 15% equity stake in Candere from Rupesh Jain for Rs 42 crore.
Mahindra & Mahindra Financial Services
Its overall disbursement stood at Rs 4,430 crore in May, growing 7% over the same month the previous year. Business assets at approximately Rs 1,05,250 crore grew by 23% YoY in May.
Subsidiary Aurigene Pharmaceutical Services, a global CRDMO, has opened its biologics facility in Hyderabad, offering process development and clinical scale manufacturing capabilities.
The company said the meeting of the board of directors is scheduled for June 6 to consider raising funds via issuance of equity shares and/or any other eligible securities.
The company has received approval from the US Food and Drug Administration (US FDA) for its injectable drug product, Micafungin (50mg and 100mg vials). The drug is used as an antifungal medication to treat fungal or yeast infections.
Century Textiles and Industries
Subsidiary Birla Estates has incorporated its wholly owned subsidiary, Vibhavya Properties, to acquire and/or develop real estate projects.
The Mumbai-based real estate developer has appointed Palak Dani Mansotra as Chief Marketing Officer and Mohit Ramsinghani as Chief Business and Strategy Officer, effective from June 3.
The technology services and consulting company has appointed Bruno Schenk as the Country Head and Managing Director for Switzerland, effective immediately.
The board has appointed Sikander Yadav as Chief Financial Officer and re-designated Amit Agarwal as VP-Finance & Accounts. Earlier, Amit Agarwal was the Chief Financial Officer.
The company said the board has appointed Whole Time Director Rohit Katyal as Chairman and deferred the decision on raising funds up to Rs 100 crore via NCDs.
The company recorded a new peak of 2.15 lakh tonnes monthly sales of manganese ore in May 2024, registering growth of 41% over May 2023.
The company’s wholly owned subsidiary, Mahan Energen, has approved the merger of Stratatech Mineral Resources with itself. Stratatech Mineral Resources is a wholly owned subsidiary of Adani Enterprises.
The Australian Securities and Investments Commission (ASIC) has approved the deregistration of Kalyani Strategic Systems Australia Pty (KSSL Australia).
Subsidiary 3i Infotech Saudi Arabia LLC has not been able to pay two installments for April and May 2024 due to cash flow issues. Consequently, the Zakat, Tax and Customs Authority (ZATCA) has initiated a mandatory collection process and blocked immigration of employees of the subsidiary and other government portal services.
The Allahabad bench of the National Company Law Tribunal (NCLT) has admitted ICICI Bank and SBI's insolvency plea against the company.
Stock to List on June 4
Beacon Trusteeship to debut on NSE Emerge
Results Today
Machino Plastics, NACL Industries
Bulk deals
HDFC Mutual Fund bought 7.3 lakh equity shares of the company at an average price of Rs 930 per share. However, Norges Bank, on account of the Government Pension Fund Global, sold 7,35,809 equity shares at an average price of Rs 929.97 per share.
Promoters Rahul Jain and Aanchal Jain sold 5 lakh shares each of the company at an average price of Rs 1,170.61 per share and Rs 1,170.3 per share, respectively.
Stocks Turn Ex-Dividend
ITC, and Foseco India
F&O Ban
Zee Entertainment Enterprises will be under the ban on June 4.
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