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HomeNewsBusinessMarketsStock Radar: SBI, IIFL Finance, NLC India, GPT Infraprojects, LTIMindtree in focus on Wednesday

Stock Radar: SBI, IIFL Finance, NLC India, GPT Infraprojects, LTIMindtree in focus on Wednesday

Container Corporation of India, Wipro, Nuvama Wealth Management, Zee Entertainment Enterprises, Roto Pumps, Texmaco Rail & Engineering, and Uflex will also be in focus on Wednesday.

June 05, 2024 / 02:17 IST
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    Here's a quick look at which stocks will be in focus in trade on Wednesday, from significant investments and major deals to key order wins announced by companies after market hours on Tuesday:

    Stocks To Watch

    State Bank of India

    The bank said the board of directors will meet on June 11 to consider long-term fund raising in single/multiple tranches of up to $3 billion through a public offer or private placement of senior unsecured notes in US Dollar or any other major foreign currency during FY 2024-25.

    Tata Motors

    Tata Motors Finance, a step-down subsidiary of Tata Motors, will be merged with Tata Capital, subject to regulatory approvals including NCLT. Further, the board has approved the incorporation of a wholly-owned subsidiary with the proposed name as TML Commercial Vehicles.

    NLC India

    The company, on June 10, will consider raising foreign currency loans through external commercial borrowings (ECB) of up to $600 million through the direct route, subject to RBI guidelines. It will also seek external assistance from multilateral development banks (MDBs) through the Department of Economic Affairs (DEA) for upcoming renewable power projects.

    Container Corporation of India

    The company and Shipping Corporation of India signed an MOU to provide a seamless end-to-end logistics solution.

    Wipro

    The technology services and consulting company has partnered with Zscaler to introduce Wipro Cyber X-Ray, an AI-assisted decision support platform.

    Nuvama Wealth Management

    The company has incorporated its wholly-owned subsidiary - Nuvama Wealth Management (DIFC), in Dubai.

    GPT Infraprojects

    The company has bagged an order worth Rs 547 crore from Rail Vikas Nigam.

    Deep Industries

    The company has received a Letter of Award from Oil and Natural Gas Corporation (ONGC), Kakinada, for the hiring of DPDU (GDU) for processing gas for 10 months. The total estimated value of the award is Rs 56 crore.

    Zee Entertainment Enterprises

    Animesh Kumar has resigned as President – HR & Transformation of the company to pursue interests outside the organization. Dheeraj Jaggi will assume the role of Acting Chief Human Resources Officer.

    Roto Pumps

    The company has commenced commercial production of downhole pumps in a new manufacturing facility at Greater Noida.

    Texmaco Rail & Engineering

    The company has entered into a Shareholders’ Agreement & Share Purchase Agreement with Saira Asia Interiors & its existing shareholders for the acquisition of a 51% shareholding in Saira Asia Interiors for Rs 9 crore.

    Uflex

    The company has entered into a Power Purchase Agreement and Share Subscription and Shareholders’ Agreement for the acquisition of 5.03% equity shares in Onevolt Energy for Rs 9.6 crore.

    IIFL Finance

    The special audit of the company directed by the Reserve Bank of India (RBI) has been concluded.

    LTIMindtree

    The technology consulting and digital solutions company has expanded its partnership with SAP to deliver innovations for complex manufacturing industries.

    RMC Switchgears

    The company has secured a work order worth Rs 56.68 crore from AMISP provider for the supply of SMC meter enclosures for smart meters for the projects in PVVNL and MVVNL.

    S H Kelkar

    The company has incorporated a step-down subsidiary, Keva Germany GmbH.

    Shilpa Medicare

    Shilpa Biologicals, a wholly-owned subsidiary of the company, has filed its first Drug Master File of recombinant Human Albumin 20% with the USFDA. Recombinant Human Albumin 20% targets to fulfill the growing demand for human serum albumin to meet current and future market demand.

    Results Today

    McNally Bharat Engineering, Arihant Institute, Naturo Indiabull, Sandu Pharmaceuticals, Super Crop Safe, Toyam Sports

    Stock to List on June 5

    Ztech India will list on NSE Emerge

    Bulk Deals

    Multi Commodity Exchange of India

    WF Asian Smaller Companies Fund bought 4,97,455 equity shares of the company at an average price of Rs 3,212.43 per share, valuing at Rs 159.8 crore.

    NCC

    Small Cap World Fund Inc sold 54,02,312 equity shares in NCC at an average price of Rs 265.13 per share, amounting to Rs 143.2 crore.

    Stocks Trade Ex-Dividend

    Manappuram Finance, Reliance Industrial Infrastructure

    Stock Turns Ex-Rights

    Gujarat Toolroom

    Stock Turns Ex-Buyback

    Sharda Motor Industries

    F&O Ban

    Zee Entertainment Enterprises will remain in the NSE F&O ban on June 5.

    Sunil Shankar Matkar
    first published: Jun 5, 2024 02:17 am

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