Market Commentary     26-Jun-24
Stock Alert
Stock alert: Sanghi Industries, Mazagon Dock, Sterling and Wilson Renewable, Borosil

Securities in F&O ban: Gujarat Narmada Valley Fertilizers & Chemicals, Indus Tower, Punjab National Bank, Steel Authority of India.

Sterling and Wilson Renewable Energy's promoter Rohiqa Cyrus Mistry sold 32,938 shares on June 20.

Gravita India's promoter Rajat Agrawal sold 14 lakh shares on June 21.

Paisalo Digital's promoter Equilibrated Venture Cflow bought 31.18 lakh shares on June 25.

Sanghi Industries said promoter Ambuja Cements and Ravi Sanghi will sell up to 3.52% stake via OFS. Ambuja Cements is to sell up to 2.36% of the of the stake via OFS, and Ravi Sanghi is to offload up to 1.16%. The floor price of OFS has been set at Rs 90 per share. OFS will open on June 26 for non-retail investors and on June 27 for retail investors.

Mazagon Dock Shipbuilders said the Department of Public Enterprises approved the proposal for the grant of Navratna status to the company.

Zee Entertainment Enterprises said the NCLT has allowed the withdrawal of the implementation application filed for the Sony India merger.

Yes Bank will consider raising funds via debt securities on 23 August 2024.

Mahindra and Mahindra Financial Services said Vivek Karve resigned as CFO effective October 31.

Rattanindia Enterprises said Vijay Nehra resigned as COO effective June 24.

Borosil raised Rs 150 crore via QIP and allotted 47.2 lakh shares at Rs 318 per share, which indicates a discount of 4.14% to the floor price.

NTPC is to hold a board meeting on June 29 to consider raising funds up to Rs 12,000 crore via NCDs, subject to the approval of shareholders.

IDBI Bank said Arun Bansal resigned as executive director and head of treasury (on contract) effective June 25.

Vishnu Prakash R. Punglia received a Rs 273.11 crore order from Uttar Pradesh Jal Nigam.

Time Technoplast received an additional order worth Rs 55 crore from Indian Oil Corporation for the supply of composite cylinders.

Gulshan Polyols has started commercial operations of ethanol at their 250 KLPD capacity grain-based ethanol plant in Goalpara, Distt. Assam.

Popular Vehicles And Services' unit gets a show cause notice from the Tamil Nadu Pollution Control Board for violation of water pollution regulations.

Mindspace Business Parks REIT raised Rs 650 crore from International Finance Corp. via the issuance of sustainability-linked bonds.

Previous News
  Borosil consolidated net profit rises 61.27% in the March 2024 quarter
 ( Results - Announcements 24-May-24   17:19 )
  Sterling & Wilson Renewable Energy raises Rs 1500 cr via QIP issue
 ( Corporate News - 15-Dec-23   09:19 )
  Sanghi Industries reports standalone net loss of Rs 32.87 crore in the June 2022 quarter
 ( Results - Announcements 10-Aug-22   08:19 )
  Sterling & Wilson Renewable Energy to discuss results
 ( Corporate News - 14-Oct-23   20:35 )
  Sterling & Wilson Renewable Energy allots 7,500 equity shares
 ( Corporate News - 19-Apr-24   19:25 )
  Volumes spurt at Hindustan Petroleum Corporation Ltd counter
 ( Hot Pursuit - 14-Jan-22   11:00 )
  Borosil allots 59,930 equity shares under ESOP
 ( Corporate News - 04-Mar-21   10:57 )
  Sanghi Industries standalone net profit rises 42.10% in the March 2019 quarter
 ( Results - Announcements 18-May-19   13:51 )
  Sterling & Wilson Renewable Energy reports consolidated net loss of Rs 54.24 crore in the September 2023 quarter
 ( Results - Announcements 21-Oct-23   13:54 )
  Sterling & Wilson Renewable Energy allots 42,800 equity shares under ESOP
 ( Corporate News - 07-Oct-23   13:11 )
  Borosil consolidated net profit rises 134.15% in the December 2023 quarter
 ( Results - Announcements 13-Feb-24   14:40 )
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