Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, appointments, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
Stocks to Watch
JB Chemicals, Torrent Pharmaceuticals
Torrent Pharma has signed definitive agreements with global investment firm KKR to acquire a controlling stake in JB Chemicals & Pharmaceuticals. The deal values JB Pharma at an equity valuation of Rs 25,689 crore. Torrent will acquire 46.39% equity for Rs 11,917 crore, followed by a mandatory open offer to purchase up to an additional 26% of JB Pharma shares from public shareholders at Rs 1,639.18 per share. Torrent also intends to acquire up to 2.80% of equity from certain JB Pharma employees.
Non-promoter shareholders are likely to sell approximately 6% of Jyoti CNC Automation via block deals, according to CNBC-TV18. The deal size is estimated at around Rs 1,542 crore.
Bharat Heavy Electricals (BHEL) has received a letter of award worth Rs 6,500 crore from Adani Power. The order is for the supply of equipment—including steam turbine generators and auxiliaries—and for supervision of erection and commissioning of six 800 MW thermal units.
Alembic Pharmaceuticals received final approval from the USFDA for its ANDA for Doxorubicin Hydrochloride Liposome Injection. The product is therapeutically equivalent to Baxter’s Doxil Liposome Injection and is used to treat ovarian cancer, AIDS-related Kaposi’s Sarcoma, and multiple myeloma.
Waaree Solar Americas, a subsidiary of Waaree Energies, has received an order to supply 540 MW of solar modules to a US-based utility-scale solar and energy storage project developer.
Prestige Estates and Arihant Group have agreed to jointly acquire a 3.48-acre parcel in Velachery, Chennai, via their JV, Canopy Living LLP. The project spans approximately 7.5 lakh square feet, with a gross development value of over Rs 1,600 crore.
Hind Rectifiers has won two orders —Rs 101 crore and Rs 127 crore—from Indian Railways.
Kalpataru Projects International
NHAI has issued an “intention to terminate” notice to Wainganga Expressway (a Kalpataru Projects subsidiary) citing premium payment defaults and other contractual breaches.
Samvardhana Motherson International
The board of Samvardhana Motherson International has approved a Rs 2,025 crore non-convertible debenture issuance via private placement.
Piramal Enterprises has invested Rs 700 crore into subsidiary Piramal Finance via a rights issue. The investment is earmarked for general corporate and business purposes.
Hindustan Aeronautics has recommended a final dividend of Rs 15 per equity share for FY25.
Hindustan Oil Exploration Company
Production at Block B-80 has been temporarily suspended due to adverse weather conditions.
Central Bank of India has executed a Shareholders Agreement, Trademark License Agreement, and Distribution Agreement following its acquisition of a 25.18% stake in Future Generali India Life Insurance Company.
The company is scheduled to hold a board meeting on July 2 to consider fundraising via a rights issue or other securities issuance.
NTPC subsidiary NTPC Green Energy has declared commercial operation for 120 MW (remaining portion of 220 MW unit) at Shajapur Solar Project Unit II, Madhya Pradesh.
NTPC Green Energy has declared the commercial operation of the first part capacity of 142.2 MW out of the 300 MW Khavda Solar Energy Project, which falls under the 450 MW Hybrid Tranche V Project in Gujarat of NTPC Renewable Energy. Additionally, the company has declared the commercial operation of the second part capacity of 146.7 MW out of the 1,255 MW Khavda-I Solar PV Project in Gujarat, implemented by NTPC Renewable Energy Limited (NTPC REL), a step-down subsidiary.
Mahindra Holidays and Resorts India
Mahindra Holidays has received a show-cause notice demanding Rs 363 crore for FY19 IGST shortfall on club membership services versus prescribed CGST/SGST.
Le Lavoir has acquired a 64.5% stake in Ghantiram Foods (Rajkot-based packaged food company) in an all-equity, zero-cash deal. Promoters of Ghantiram will receive equity in Le Lavoir.
GAIL India plans to acquire 106.75 crore shares of Talcher Fertilizer, a JV between GAIL, Coal India, RCF, and FCIL (Fertilizer Corporation of India), each holding 31.85% while FCIL holds 4.45%, to revive Odisha’s fertilizer unit via coal-gasification-based plant.
Ketan Kumar Joshi has been appointed as Chief Financial Officer of Jammu & Kashmir Bank, replacing Fayaz Ahmad Ganai.
Reliance Jio added 27 lakh subscribers in May, against 26.44 lakh subscribers in April.
Bharti Airtel added 2.76 lakh subscribers in May, against 1.70 lakh users in April.
Vodafone Idea lost 2.74 lakh users in May, an improvement from April’s outflow of 6.47 lakh.
Bulk Deals
HDFC Mutual Fund acquired an additional 0.65% stake in Sundram Fasteners for Rs 137.02 crore. As of March 2025, HDFC MF held 4.37% stake.
Cohesion MK Best Ideas Sub Trust (Madhusudan Kela fund) sold 33.6 lakh shares (equivalent to 1.01% stake) in Confidence Petroleum India at Rs 51.86 per share.
Promoter R R K Enterprise sold 25.5 lakh shares in MIC Electronics at Rs 53.94 per share.
Stocks Trade Ex-Dividend
Indian Hotels Company
Dalmia Bharat Sugar and Industries
CFF Fluid Control
Sagarsoft (India)
Stock Trades Ex-Date for Rights
Mirc Electronics
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