Market Comm
Market Comm
June 12, 2025 at 03:50 AM
*Stocks To Watch* ◆ Nazara Tech: Axana Estates, Plutus Wealth and Junomoneta Finsol's Rs 2,384 crore open offer to open on June 19 and close on July 2. The open offer for 26% stake in the company at a price of Rs 990 per share. The open offer is at a 22% discount on the current market price. ◆ Hindustan Copper: The company plans to increase its capacity to 12.2 MTPA from 4 MTPA and plans mine capacity expansion till FY31. The company plans a capital expenditure of Rs 2,000 crore in 5-6 years. ◆ Sterlite Technologies: The company signed an agreement with BSNL for Rs 2,631 crore telecom project. The agreement pertains to the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network under BharatNet for Jammu and Kashmir and Ladakh. ◆ Zee Entertainment: The company will approve suggestions made by the investment banker in its board meeting on June 16. ◆ Railtel Corp: The company received a Rs 11.94 crore work order from Southeastern Coalfields. ◆ Zydus Lifesciences: The company received an establishment inspection report for the API manufacturing facility at Ankleshwar. The inspection has been classified as No Action Indicated. ◆ Maruti Suzuki: NCLT approved the first motion application of the scheme of amalgamation between arm the Suzuki Motor Gujarat with Maruti Suzuki India. ◆ Waaree Energies: The company arm Waaree Solar Americas received an order for the supply of 599 MW solar modules from a renowned customer. ◆ GMM Pfaudler: The arm completed the acquisition of a 51% stake in GMM Inox. ◆ Cyient: Cyient Foundation, the CSR arm of Cyient signed a MoU with AICTE to establish and build an innovation cluster in Visakhapatnam, Andhra Pradesh. ◆ Canara Bank: The bank reduced the MCLR by 20 basis points across tenures. ◆ MedPlus Health Services: The company received one suspension order for a drug licence for the Maharashtra store. ◆ City Union Bank: The bank will raise up to Rs 500 crore via QIP. ◆ Tanla Platforms: The company to consider the proposal for buyback of equity shares of the company in its board meeting on June 16. Marine Electricals: The company received an order worth Rs 60 crore from ACG Universal Capsule for the supply, installation, testing & commissioning of the power distribution system. ◆ Kaynes Tech: The company approved a further investment of up to $1.03 million to acquire 1 million shares of arm. ◆SEPC: The company received a letter of award of Rs 650 crore from Parmeshi Urja for an EPC of 133 MW AC solar power project at 26 locations in Maharashtra India.

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