Stock Market Updates ✅
June 4, 2025 at 02:49 AM
*India Daybook – Stocks in News* *Ashok Leyland:* Company received an order worth Rs 184 crore to supply 543 BSVI diesel chassis and fully built buses (Positive) *Praj Industries Ltd:* Company, IATA, and ISMA Join Forces to Advance SAF Carbon Assessment and Certification in India (Positive) *IDFC First:* CCI approves the proposed acquisition of up to 9.99% of the paid up share capital of IDFC First Bank by Currant Sea Investments BV. (Positive) *Texmaco Rail:* Company bags Rs 122-crore contract for traction substation in Mumbai Suburban Railway. (Positive) *Techno Electric:* Company selected by RailTel as managed service partner for 10MW Data Centre project in Noida (Positive) *Zydus Life:* Company arm, Zynext Ventures acquires stake in Agenus, expands its Immuno-oncology pipeline & global reach (Positive) *NLC India:* Company Sets Up Renewable Energy JV with Rajasthan Rajya Vidyut Utpadan Nigam. (Positive) *Solarium Green:* Company Partners with WattPower Systems to Expand Solar Inverter Reach (Positive) *Garden Reach Shipbuilders:* Company to Build First-Ever Polar Research Vessel (PRV) As Co Signs MoU with Norway’s Kongsberg. (Positive) *Samrat Pharmachem:* Company's bank facilities have been upgraded by CRISIL. The long-term rating is now 'Crisil BBB-/Stable' 9upgraded from 'Crisil BB+/Stable). (Positive) *R Systems:* Company and Mavvrik have announced a strategic partnership to help enterprises gain financial control over AI, cloud, and hybrid infrastructure investments. (Positive) *Wipro:* Company has entered into a multiyear agreement with Entrust, a global leader in identity-centric security solutions. (Positive) *Piccadily Agro:* Company aims to target 1 million cases of whistler barrel aged blended malt whisky in the next 3 years. (Positive) *Servotech:* Company received Rs 33.6 crore order for 7.8MW grid-connected solar rooftop project from Northeast Frontier Railway. (Positive) *Tata Chemicals:* IT department granted a refund of Rs 55.7 crore including interest. (Positive) *Ather Energy:* Ather Rizta Crosses 1 Lakh Unit Retail Sales Mark. (Positive) *HDFC Bank:* SEBI approves India IPO plan of HDB Financial Services. (Positive) *Prostarm:* PG Foils bought 6.29 lakh shares at Rs 120 per share (Positive) *Nazara:* Ram Babu Gupta bought 4.75 lakh shares at Rs 1,281 per share. (Positive) *Barak Valley:* Company reported cement production of 86,430 MT and dispatch of 86,054 MT for the quarter ending March 31, 2025. (Neutral) *Nuvoco Vistas:* Company received a Show Cause Notice from the Excise & Taxation Officer, Chakri Dadri, Haryana, on June 2, 2025. The notice, related to input tax credit for FY19, demands Rs 6.5 Cr. (Neutral) *Ashoka Buildcon:* Company’s credit ratings, as assessed by ACUITE Ratings & Research Limited, have been reaffirmed. The long-term debt rating is 'ACUITE AA'. (Neutral) *One 97 Communications:* Company announced the incorporation of Paytm Singapore Pte. Ltd. in Singapore. This new entity is a wholly-owned subsidiary of Paytm Cloud Technologies Limited (Neutral) *Inox Green:* Promoter Entity Devansh Trademart Acquires Stake in Inox Green Energy. (Neutral) *Adani Total Gas:* Nikhil Vohra designated as senior management personnel resigns. (Neutral) *ABFRL:* Flipkart to sell entire 6% stake in co via block deals. Floor price at Rs 80 per share, 7% discount to CMP (Neutral) *Alkem Laboratories:* Jayanti Sinha is set to offload a 1.42% stake in Alkem Laboratories via Block Deal. Floor price at Rs 4850 per share, 3% discount to CMP (Neutral) *Indegene:* CA Dawn to sell 10.2% stake worth Rs 1420 cr via block deals. Floor price at Rs 580 per share, 6.4% discount to CMP (Neutral) *Tata Tech:* TPG RISE to sell entire 2% stake in co worth Rs 635 crores via block deals. Floor price at Rs 744.5 per share, 3% discount to CMP (Neutral) *Adani Ent:* Adani mulls entering airport ground services after Celebi’s exit. (Neutral) *OLA Elect:* Hyundai Motor and Kia Corp sell shares worth Rs 690 crore in Ola Electric via open market
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