Market Commentary     19-Jun-24
Stock Alert
Stock alert: Protean eGov Tech, Indus Tower, Zee Entertainment, Tata Technologies
Securities in F&O ban: Balrampur Chini Mills, Gujarat Narmada Valley Fertilizers & Chemicals, Hindustan Copper, India Cements, PEL, Sail, Sun TV network.

Protean eGov Technologies: Porinju Veliyath's Equity Intelligence India bought 2.95 lakh shares (0.73%) at Rs 1,199.50 per share via bulk deal on 18 June 2024.

Vodafone Idea, Indus Tower will be in focus today. The media reported that the Vodafone Group will likely divest about 9.94% of its stake in telecom tower operator Indus Towers in a share sale on Wednesday—over one or more tranches on the exchanges. The carrier may sell 26.8 crore shares worth Rs 9,138.8 crore at Rs 310-341 per share.

Gland Pharma will also be watched. Fosun will reportedly sell a 5% stake in the company through a block deal. Fosun Pharma is reportedly offering 8.2 million shares in the company, at a floor price set at Rs 1,750 per share.

Zee Entertainment Enterprises' CFO Rohit Kumar Gupta steps down from the position for personal reasons. The company appointed Mukund Galgali as acting CFO.

Craftsman Automation's board has approved raising up to Rs 1,200 crore through QIP.

Tata Technologies collaborated with Microsoft and Tata Motors for the InnoVeni hackathon for engineering students.

NMDC opened a new R&D centre in Hyderabad at an investment of Rs 50 crore.

Wipro debunked rumors of a multi-million dollar deal with Standard Chartered. Earlier reports claimed Wipro landed a lucrative 3-year contract, generating an estimated $50 million annually.

Electronics Mart India commenced the commercial operations of a new multi brand store under the brand name 'Bajaj Electronics' on June 18th in Andhra Pradesh.

Bharat Forge makes an additional investment of $40 million in Bharat Forge America.

Previous News
  GTL Infrastructure Ltd Surges 4.81%, BSE Telecommunication index Gains 1.51%
 ( Hot Pursuit - 28-Jun-24   09:30 )
  Stock alert: Indus Towers, Gland Pharma, Advanced Enzyme, DMart, Sapphire Foods
 ( Market Commentary - Stock Alert 20-Jun-24   08:50 )
  Indus Towers ends lower after multiple block deals; Bharti Airtel acquires over 2.69 crore shares
 ( Hot Pursuit - 19-Jun-24   16:00 )
  Volumes jump at ZF Commercial Vehicle Control System India Ltd counter
 ( Hot Pursuit - 19-Jun-24   14:30 )
  Bharti Airtel acquires further 1% stake in Indus Towers
 ( Corporate News - 19-Jun-24   11:51 )
  Volumes soar at Gland Pharma Ltd counter
 ( Hot Pursuit - 19-Jun-24   11:00 )
  Stock alert: Protean eGov Tech, Indus Tower, Zee Entertainment, Tata Technologies
 ( Market Commentary - Stock Alert 19-Jun-24   08:37 )
  Electronics Mart India consolidated net profit rises 12.30% in the March 2024 quarter
 ( Results - Announcements 27-May-24   17:02 )
  Electronics Mart posts 12% rise in Q4 PAT; EBITDA margin at 7.1%
 ( Hot Pursuit - 27-May-24   14:31 )
  Vodafone Idea Ltd Spikes 3.63%
 ( Hot Pursuit - 24-May-24   09:30 )
  Electronics Mart India to discuss results
 ( Corporate News - 14-May-24   14:42 )
Other Stories
  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: Ixigo, Westlife Foodworld, Bharti Airtel, Som Distilleries, Paytm
  18-Jun-24   08:44
  Stock alert: Action Construction, Vodafone Idea, Ambuja Cement, Nitco, Puravankara, Wipro
  14-Jun-24   08:40
  Stock alert: Zaggle Prepaid, Usha Martin, Gensol Engg, Bondada Engg, Whirlpool of India
  13-Jun-24   08:36
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