
RASHI INVEST | Stock Market | Current News
June 3, 2025 at 03:18 AM
The Market Outlook:
*🇮🇳India Daybook – Stocks in News*
*Biocon:* Company gets approval for diabetes drug Liraglutide in India (Positive)
*PTC India Financial Services:* Company received Rs 125 Cr from NSL, recovering the entire principal amount under the resolution plan (Positive)
*Frontier Springs:* Company Has Received Orders for Air Springs Assembly Aggregating to a Total Value of Rupees 92.6 cr (Positive)
*HCL Tech:* Company announces a strategic partnership with UiPath to accelerate Agentic Automation for global enterprises (Positive)
*ISGEC Heavy Engineering:* National Green Tribunal Grants Permission to Resume Operations of Unit. (Positive)
*Mahamaya Steel Industries:* Company reported May 2025 sales of 14,518.230 MT (Positive)
*Sarda Energy:* Company received consent to operate from Chhattisgarh Environment Conservation Board for its coal washery expansion in Raigarh (C.G.). The expansion increases production capacity from 0.96 MTPA to 1.8 MTPA. (Positive)
*Star Cement:* Company has successfully commenced commercial production of Aac Blocks (Positive)
*Yes Bank:* SMBC to seek RBI license to operate full-owned subsidiary ahead of Yes Bank stake acquisition. (Positive)
*Man Ind:* Company announced plans to raise up to ₹300 crore through a preferential allotment of convertible warrants and equity shares t (Positive)
*Mphasis:* Company continues to be a service provider in FedEx ecosystem, other aspects of the article are purely speculative. (Positive)
*Salzer:* Company announces the incorporation of a Special Purpose Vehicle, Effilume Private Limited, in partnership with Schnell Energy Equipment Private Limited (Positive)
*Britannia Industries:* A strike at the Jhagadia plant in Gujarat has been called off. (Positive)
*Niva Bupa Health:* M Pallonji and Co bought 1.35 crore shares at Rs 83.95 per share. (Positive)
*Star Health:* Promoter Setu Aif Trust bought 12.65 lakh shares on May 27 and 30 (Positive)
*Sai Silks:* Promoter SSKL Family Trust bought 1.5 lakh shares. (Positive)
*Reliance Infrastructure:* Company aims for Rs 3,000 crore in defence exports within two years. (Positive)
*Maruti:* Company’s total production in May increased by 1.4% YoY to 1.95 lakh units compared to 1.93 lakh units (Positive)
*Aptus Value:* Private equity firm Westridge Investments is set to divest a 9.8% stake in Aptus Value Housing Finance India Ltd through a block deal worth ₹1,495 crore (Neutral)
*Zinka Logistics:* Block deal launched; Quickroutes International to sell 9% Stake At ₹405 Floor Price, aims to raise ₹647 Cr. (Neutral)
*Ajcon Global Services:* Company announced a record date of June 20, 2025, for a stock split. (Neutral)
*LIC Housing Finance Ltd:* Company announced the appointment of three Senior Management Personnel (SMP) on June 2, 2025 (Neutral)
*Mahindra Holidays & Resorts:* Company announced the appointment of Ms. Asha Kharga as Chief Customer Officer (Neutral)
*Matrimony. com:* Company announced the resignation of Mr. Mayank Anand Jha, Vice President, Operations, from senior management, effective June 2, 2025. (Neutral)
*Jindal Stainless:* Company Buys 33.64% in Oyster Renewable's 282mw SPV, Company to Invest Up to Rs 1.32 billion in Oyster SPV. (Neutral)
*Adani Group:* As per reports by WSJ, US Justice Department Is investigating whether Adani’s Companies Violated U.S. Sanctions on Iran, Adani Faces Scrutiny as Prosecutors Review LPG Tanker Activities: WSJ. Adani Group stated that not aware of any investigation by US authorities on subject of sanctions evasion / trade in Iranian LPG (Neutral)
*Everest Industries:* Company appointed Mr. Rajesh Gagrani as CFO, effective June 2, 2025. (Neutral)
*Torrent Power:* Company Has Signed A Long-Term SPA with BP Singapore Pte. Ltd, a Subsidiary of Global Integrated Energy Company Bp, For Supply Of Up To 0.41 MMTPA of LNG from 2027 To 2036 (Neutral)
*Mittal Life Style:* Company Acquires 100% Stake in JK Infrasol, Making it Wholly Owned Subsidiary for Rs 8.88 crore (Neutral)
*Century Extrusion:* Resignation of Mr.
Vikram Jhunjhunwala as Chairman & Managing Director of the company w.e.f. Jun 02, 2025. (Neutral)
*Latent View:* Company has acquired an 80% stake in Decision Point Private Limited. (Neutral)
*Saurashtra Cement:* Company announced the reaffirmation of its credit ratings by ICRA Limited. Long-term fund-based term loan: BBB- (Stable). (Neutral)
*D.P. Abhushan:* Company announced key personnel changes. Ms. Aashi Neema resigned as Company Secretary & Compliance Officer, effective June 2, 2025. (Neutral)
*SNL Bearings:* Company announced the resignation of CEO, Mr. Lalit Pandey, and effective June 2, 2025. (Neutral)
*Grasim Industries:* Board approves fund raise of upto ₹1,000 Cr via NCDs on private placement basis (Neutral)
*Awfis Space Solutions:* Company says sanctioned Rupee Term Loan facility of 800m Rupees (Neutral)
Price Band revised from 5% to 2%: Shanti Overseas, Nagarjuna Fertilizers (Neutral)
Price Band revised from 20% to 10%: Apollo Micro, IFB Agro (Neutral)
*L&T:* Ex-Date today, Dividend Rs 34.0/Sh (Neutral)
*Nuvama:* Ex-Date today, Dividend Rs 69.0/Sh (Neutral)
*Sunshield:* Ex-Date today, Dividend Rs 2.5/Sh (Neutral)
*TCS:* Ex-Date tomorrow, Dividend Rs 30.0/Sh (Neutral)
*Shesha Paper:* Ex-Date tomorrow, Dividend Rs 2.5/Sh (Neutral)
*Tata Motors:* Ex-Date tomorrow, Dividend Rs 6.0/Sh (Neutral)
*Inox India:* Ex-Date tomorrow, Dividend Rs 2.0/Sh (Neutral)
*Coforge:* Stock Split at tomorrow, Face Value Split from Rs 10/- per share to Rs 2/- per share (Neutral)