
RASHI INVEST | Stock Market | Current News
June 17, 2025 at 02:57 AM
The Market Outlook:
*🌹🇮🇳India Daybook – Stocks in News*
*Mphasis:* Company has entered into a strategic partnership with Sixfold to enhance insurance underwriting capabilities through the integration of Sixfold’s advanced AI platform. (Positive)
*HCL Tech:* Europe’s E.ON partners with the company to accelerate product-based transformation. (Positive)
*Hyundai Motor:* Company announced the successful commencement of Passenger Vehicle Engine production at its Talegaon Plant in Maharashtra, effective June 16, 2025. (Positive)
*Mastek:* Company announced it has secured a contract from NHS England to deliver cybersecurity training in collaboration with Templar Executives. (Positive)
*Hikal Ltd:* Company announced that its Jigani unit in Bengaluru, Karnataka, has successfully passed the Brazilian Health Regulatory Agency's GMP audit for Pharmaceutical Inputs. (Positive)
*Marine Electricals (India):* Company Receives Rs 57.1 million Order from Indian Navy (Positive)
*TCS:* Company says, Council of Europe Development Bank partners with company to transform reconciliation processes (Positive)
*Neopolitan Pizza:* Company Signs Strategic Franchise Development Agreement with Regional to Global Consultancy Services LLP. (Positive)
*Z-Tech:* Company announced receiving a significant work order from SPS Construction India Pvt. Ltd for the upgradation and four laning of the Haridwar Bypass Package-1 in Uttarakhand.. (Positive)
*Paras Defence:* ICRA reaffirmed its ratings for long-term and short-term facilities. The outlook changed from "Stable" to "Positive". (Positive)
*Tanla Platforms:* Board approved buyback of 1.49% share capital at Rs 875 per share, aggregating Rs 175 Crore. (Positive)
*Zee Ent:* Board raises Rs 2,237 crore via warrant issue to promoter entities. (Positive)
*Prostram:* Company to set up 30 MW/120 MWh standalone BESS for Bihar State Power Generation Company (Positive)
*Godrej Prop:* Company acquires aprrox 16-acre land in Upper Kharadi, Pune for an estimated revenue potential of ₹3,100 cr (Positive)
*Axis Cades:* Indra signs agreement with company to boost production of cutting-edge systems in India. (Positive)
*Hikal:* The company successfully passed the Brazilian health regulatory agency’s GMP audit for the Jigani manufacturing unit in Bengaluru (Positive)
*Thirumalai Chemical:* Company is set to consider a preferential issue in its board meeting on June 19. (Positive)
*Laxmi Organic:* Writ Petition against MSEDCL Dismissed By Bombay High Court (Neutral)
*Sah Polymers:* Company announced the appointment of Ms. Bhagyashree Mohan Kamble as the Compliance Officer, effective June 16, 2025. (Neutral)
*IPCA Laboratories:* Company announced the appointment of Dr. Nagaji Ambabhai Vekariya as President – CRD, effective June 16, 2025. (Neutral)
*Vishal Mega Mart:* Block deal launched to sell 10% stake in co by Kedaara Capital (Samayat Svcs), Floor price for block deal at Rs 110 per share. (Neutral)
*McLeod Russel India:* Company announced the appointment of Mr. Ritwik Palchoudhuri as Head of Marketing, effective June 16, 2025. (Neutral)
*Power Finance Corporation Ltd:* Company announced the incorporation of Saswad Transmission for the development of a 400/220 kV transmission system in Saswad, Maharashtra. (Neutral)
*NTPC:* Company to consider fund raising up to ₹18,000 crore via bonds on June 21. (Neutral)
*Sun Pharma:* Company appoints Kirti Ganorkar as Managing Director for 5 years w.e.f. September 1, 2025. Dilip Shanghvi to continue as the Executive Chairman of the board (Neutral)
*Macrotech Developers:* Government approves change in name of company to Lodha Developers. (Neutral)
*ICICI Bank:*RBI approves reappointment of Sandeep Batra as executive director of the bank for 2 years w.e.f. December 23, 2025. (Neutral)
*Sona BLW:* Board will meet in due course to elect a new chairman of the board (Neutral)
*JSPL:* Board approves change in company’s name from ‘Jindal Steel & Power Limited’ to 'Jindal Steel Limited'. (Neutral)
*Bata:* Group appoints Panos Mytaros as its new Global Chief Executive Officer w.e.f. September 15, 2025 (Neutral)
*Biocon:* Company launches ₹4,500 crore QIP, sets floor price at ₹340.20/share (Neutral)
*Jet Airways:* In a view of the ongoing liquidation proceedings, financial statements for FY24 & FY25 are yet to be finalised. (Neutral)
*Asian Paints:* ICICI Prudential Mutual Fund buys 85 lakh shares (0.9% eq) of Asian Paints For ₹1,876 Crore (Neutral)
*State Bank of India:* Shareholders approved raising funds in the current fiscal. The board proposed to raise $3 billion. (Neutral)
Stocks included in ST-ASM: Dynamic Cables, Oriana Power, Servotech Renewable Power System. (Neutral)
Stocks excluded in ST-ASM: IFGL. (Neutral)
Stocks included in ST-ASM: TCI Finance. (Neutral)
Stocks included in LT-ASM: Lumax Auto. (Neutral)
Price Band change from 10% to 5%: Black Box, BLS E-Services, Camlin Fine, Godavari Bio, Suven Life. (Neutral)
Price Band change from 20% to 5%: Bajel Projects, Balu Forge, Centrum Capital, HCC, Inox Green, Interarch, Ramco Systems, Reliance Power, Schneider, Shilpa Medicare, SKM Egg, Subex, Tata Teleservices (Neutral)
*Hindustan Zinc:* Ex-Date today, Dividend Rs 10.0/Sh (Neutral)
*eMudhra Ltd:* Ex-Date tomorrow, Dividend Rs 1.25/Sh (Neutral)
*Sarla Performance Fibers:* Ex-Date tomorrow, Dividend Rs 3.0/Sh (Neutral)
*ONGC:* Gas leak continues for 5th day in Assam oil well. (Negative)