Market Commentary     01-Jul-24
Stock Alert
Stock alert: Auto firms, BEL, Titan, Dr Reddy’s Lab, Gail (India), Cantanbil Retail, Navin Fluorine Intl, Godrej Prop,
Securities in F&O ban: India Cements and Indus Tower.

Shares of auto companies will be in focus after June sales data announcement.

Bharat Electronics (BEL) signed a contract valued at Rs 3,172 crore with Armoured Vehicles Nigam (AVNL) on 28 June 2024 at AVNL Headquarters in Chennai.

Titan Company executed a joint venture agreement (JVA) with Rhythm Jewelry for establishing a joint venture company in Bangladesh with the objective of manufacturing, marketing and retailing of jewellery products in Bangladesh.

Dr Reddy's Laboratories partnered with Zydus Life for co-marketing of the Pertuzumab biosimilar.

Gail (India)’s board accorded approval to advance its net zero target for scope-1 and scope-2 greenhouse gas emissions to 2035.

Jindal Stainless acquired a 100% stake in Sulawesi Nickel Processing Industries Holdings PTE, Singapore, for setting up a joint venture in Indonesia for investing, developing, constructing, and operating a stainless-steel melt shop in Indonesia.

Cantabil Retail India opened 4 new showrooms /shops at different location in India during the month of June 2024. Now the total number of showrooms/shops of the company stands at 545.

Navin Fluorine International‘s board has approved fund raising, as the validity of special resolution passed on 31 July 2023, approving fund raising not exceeding Rs 750 crore will be lapse on 30 July 2024.

Godrej properties acquired 7 acres land in Thanisandara, North Bengaluru on outright basis, for development of a high-end residential project, having developable potential of approximately 9 lakh square feet with an estimated revenue potential of Rs 1,200 crore.

Orchid Pharma partnered with Cipla to ensure widespread and rapid distribution of the company’s new drug- Cefepime-Enmetazobactam across India.

Aditya Vision’s board will meet on Wednesday, 3 July 2024 to consider a proposal of sub- division /split of the equity shares of the company.

Previous News
  Indices nudge higher; breadth strong
 ( Market Commentary - Mid-Session 01-Jul-24   09:38 )
  Stock alert: Auto firms, BEL, Titan, Dr Reddy’s Lab, Gail (India), Cantanbil Retail, Navin Fluorine Intl, Godrej Prop,
 ( Market Commentary - Stock Alert 01-Jul-24   08:31 )
  Titan signs JV agreement with Rhythm Jewelry
 ( Hot Pursuit - 29-Jun-24   13:30 )
  BEL bags order worth Rs 3,172 crore from Armoured Vehicles Nigam
 ( Hot Pursuit - 29-Jun-24   12:44 )
  Bharat Electronics secures orders worth Rs 3,653 cr
 ( Corporate News - 28-Jun-24   19:21 )
  Titan Company redeems commercial paper of Rs 500 cr
 ( Corporate News - 24-Jun-24   18:00 )
  Board of Titan Company announces changes in senior management roles
 ( Corporate News - 24-Jun-24   10:43 )
  Bharat Electronics appoints Manoj Jain as chairman & MD
 ( Hot Pursuit - 20-Jun-24   15:13 )
  Bharat Electronics appoints Manoj Jain as CMD
 ( Corporate News - 20-Jun-24   15:05 )
  Titan Company AGM scheduled
 ( Corporate News - 18-Jun-24   14:02 )
  Hindustan Aeronautics Ltd Spurts 4.82%, BSE Capital Goods index Gains 1.2%
 ( Hot Pursuit - 18-Jun-24   09:30 )
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: 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: Star Cement, Advanced Enzyme, Satin Creditcare, RBL Bank, Sun Pharma
  25-Jun-24   08:46
  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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