Market Commentary     25-Jun-24
Stock Alert
Stock alert: Star Cement, Advanced Enzyme, Satin Creditcare, RBL Bank, Sun Pharma

Securities in F&O ban: Balrampur Chini Mills, Chambal Fertilisers and Chemicals , Gujarat Narmada Valley Fertilizers & Chemicals, Granules India, Indus Tower, Piramal Enterprises, Punjab National Bank, Steel Authority of India.

Star Cement's promoter Laxmi Chamaria sold 2.05 lakh shares between June 18 to 21.

Advanced Enzyme Technologies's promoter Chandrakumar Laxminarayan Rathi sold 28,988 shares between June 19 and 20.

Telecom stocks will be focus as India's telecom spectrum auction starts today (June 25th) offering airwaves worth Rs 96,318 crore. The government reportedly aims for Rs 10,000 crore. This auction includes frequencies from 800 MHz to 26 GHz bands and offers 20-year validity with options for sharing or surrendering spectrum after 10 years.

RBL Bank will consider a fund-raising proposal through QIP on June 27.

AU Small Finance Bank to consider raising funds through QIP on June 27.

Satin Creditcare Network to raise up to Rs 5,000 crore through non-convertible debentures. The micro financier has also approved the appointment of its chief financial officer.

Sun Pharmaceuticals Industries successfully completed the merger of Taro Pharmaceutical Industries with its subsidiary company. As part of this merger, Sun Pharma acquired all outstanding ordinary shares of Taro other than those already held by Sun Pharma or its affiliates.

Shalby has terminated its franchise agreement with Madhuban Orthopaedic and Multispecialty Surgical Hospital due to a breach of various terms and conditions of the agreement by the franchisee. There will not be any significant financial impact on the company’s financial position.

Craftsman Automation signed an MoU with Sunbeam Lightweighting Solutions and Kedaara Capital to acquire the whole or part of the business of Sunbeam.

Borosil Renewables opened QIP and set the floor price at Rs 331.75 per share, which indicates a discount of 4.6% to the stock’s previous close.

Previous News
  Nifty hovers above 24,000; oil & gas rally for 3rd day
 ( Market Commentary - Mid-Session 28-Jun-24   11:33 )
  RBL Bank gains as board OKs fund raising upto Rs 6,500 cr
 ( Hot Pursuit - 28-Jun-24   10:26 )
  Nifty above 23,550; private bank shares advance
 ( Market Commentary - Mid-Session 25-Jun-24   11:32 )
  Indices trade with minor gains; Nifty Bank hits record high
 ( Market Commentary - Mid-Session 25-Jun-24   10:33 )
  RBL Bank schedules board meeting
 ( Corporate News - 25-Jun-24   10:22 )
  RBL Bank board to mull fund raising via QIP
 ( Hot Pursuit - 25-Jun-24   09:43 )
  Stock alert: Star Cement, Advanced Enzyme, Satin Creditcare, RBL Bank, Sun Pharma
 ( Market Commentary - Stock Alert 25-Jun-24   08:46 )
  Board of RBL Bank to consider fund raising options
 ( Corporate News - 24-Jun-24   18:12 )
  RBL Bank allots 1.15 lakh equity shares under ESOP
 ( Corporate News - 14-Jun-24   12:29 )
  Borosil Renewables OKs raising Rs 450 cr via rights issue
 ( Hot Pursuit - 10-Jun-24   10:00 )
  Volumes soar at AIA Engineering Ltd counter
 ( Hot Pursuit - 03-Jun-24   14:30 )
Other Stories
  Stock Alert: Mahindra & Mahindra Finance, Yes Bank, NTPC, Hindustan Zinc, Dmart,
  03-Jul-24   08:19
  Stock alert: Tata Motors, TVS Motor, Hero Motocorp, NMDC, South Indian Bank, CSB Bank
  02-Jul-24   08:41
  Stock alert: Auto firms, BEL, Titan, Dr Reddy’s Lab, Gail (India), Cantanbil Retail, Navin Fluorine Intl, Godrej Prop,
  01-Jul-24   08:31
  Stock alert: MTAR Tech, RIL, Stanley Lifestyle, Vedanta, SBI
  28-Jun-24   08:38
  Stock alert: KNR Construction, Patanjali Foods, Salasar Techno Engg, PI Inds, Tata Comm
  27-Jun-24   08:41
  Stock alert: Sanghi Industries, Mazagon Dock, Sterling and Wilson Renewable, Borosil
  26-Jun-24   08:31
  Stock alert: Gland Pharma, Gujarat Fluorochem, Ujjivan SFB, Prestige Estates, IREDA
  24-Jun-24   08:41
  Stock alert: Paisalo Digital, Greenply Industries, Heubach Colorants, GIC Housing
  21-Jun-24   08:33
  Stock alert: Indus Towers, Gland Pharma, Advanced Enzyme, DMart, Sapphire Foods
  20-Jun-24   08:50
  Stock alert: Protean eGov Tech, Indus Tower, Zee Entertainment, Tata Technologies
  19-Jun-24   08:37
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