Page 15 - Indian Equity Markets
VPRPL rallies 8% on Rs 273 crore-order win from Uttar Pradesh Jal Nigam
The surge in the stock price came after the company announced that it has secured an order worth Rs 273.11 crore from Uttar Pradesh Jal Nigam
 "VPRPL rallies 8% on Rs 273 crore-order win from Uttar Pradesh Jal Nigam")
Gulshan Polyols starts commercial ops of Ethanol at Assam unit; stock up 6%
The rise in the stock price came after the company announced that it has commenced the commercial operations of ethanol at a 250 KLPD capacity grain-based ethanol plant at Goalpara, Assam
 "Gulshan Polyols starts commercial ops of Ethanol at Assam unit; stock up 6%")
Here's why Nuvama remains upbeat on Prince Pipes; Check target price here
Analysts attributed this outlook to India's burgeoning real estate sector recovery and robust infrastructure developments, which are driving demand for plastic pipe manufacturers like Prince Pipes
 "Here's why Nuvama remains upbeat on Prince Pipes; Check target price here")
Swan Energy rises 3% after board okays 49% stake buy in TOPL for Rs 440 cr
The uptick in share came after board of Swan Energy approved acquisition of 49 per cent equity stake in Triumph Offshore Private Ltd from Indian Farmers Fertiliser Cooperative Ltd for Rs 440 cr
 "Swan Energy rises 3% after board okays 49% stake buy in TOPL for Rs 440 cr")
Exicom Tele-Systems zooms 40% in 4 days on strategic pact with Hubject
Shares hit a new high of Rs 461, as they rallied 14% on the BSE in Monday's intra-day amid heavy volumes and trading 225% higher over its issue price of Rs 142 per share.
 "Exicom Tele-Systems zooms 40% in 4 days on strategic pact with Hubject")
Welspun Specialty zooms over 17% on bagging Rs 117 cr-order from BHEL
The total supply contract value stood at approximately Rs 117 crore, the company said in a statement
 "Welspun Specialty zooms over 17% on bagging Rs 117 cr-order from BHEL")
Sensex may hit the 81,000 mark by 2024-end: Ravi Singh of Religare
Markets are showing strong momentum, with Nifty firmly holding above the 23,300 mark, indicating that bulls are in strong control
 "Sensex may hit the 81,000 mark by 2024-end: Ravi Singh of Religare")
Bajaj Consumer up 4% after board fixes July 2 as record date for buyback
The uptick in share price came after the company's board fixed July 2 as the record date for identifying equity shareholders eligible for the buyback
 "Bajaj Consumer up 4% after board fixes July 2 as record date for buyback")
Nandish Shah of HDFC Securities recommends Bull Spread on Bank Nifty
Long build up is seen in the Bank Nifty Futures, where Open Interest rose by 7 per cent(Prov) with Nifty rising by 0.75 per cent
 "Nandish Shah of HDFC Securities recommends Bull Spread on Bank Nifty")
Vedanta jumps 7% after board approves Rs 1,000-cr fund raise via NCDs
The rise in stock came after the board approved fundraising worth Rs 1,000 crore via non-convertible debentures (NCDs) on a private pavement basis
 "Vedanta jumps 7% after board approves Rs 1,000-cr fund raise via NCDs")
USFDA issues warning letter to Sun Pharma's Dadra unit; stock slips 2%
The fall came after the company announced that it has received a warning letter from USFDA for current Good Manufacturing Practice (cGMP) violations at its Dadra facility
 "USFDA issues warning letter to Sun Pharma's Dadra unit; stock slips 2%")
Wanbury surges 5% after USFDA issues Zero observations for Patalganga site
At 9:55 AM, the shares were off highs, trading 2.25 per cent higher at Rs 163.95 per share. In comparison, BSE Sensex was trading 0.16 per cent lower at 77,211.40 levels.
 "Wanbury surges 5% after USFDA issues Zero observations for Patalganga site")
Blue Dart inks pact with Skye Air for drone delivery service; stock up 3%
The uptick in share price came after the company rolled out drone delivery service in pact with Skye Air, a drone delivery service provider
 "Blue Dart inks pact with Skye Air for drone delivery service; stock up 3%")
India set for $2 bn bond inflows around JP Morgan index inclusion day
The $2 billion, single-day inflow estimate by four bankers trails only the record-high $2.7 billion poured into Indian bonds on Aug. 20, 2014
 "India set for $2 bn bond inflows around JP Morgan index inclusion day")
Durlax Top Surface SME IPO opens on June 19; check price band, GMP here
The IPO subscription period for Durlax Top Surface begins on June 19, 2024 (today), and concludes on June 21, 2024
 "Durlax Top Surface SME IPO opens on June 19; check price band, GMP here")
RITES, DVC join hands for innovation in rail infra works; stock rises 3%
The rise in share price came after the company announced that it has joined hands with Damodar Valley Corporation (DVC), for innovation in railway infrastructure works
 "RITES, DVC join hands for innovation in rail infra works; stock rises 3%")
Stock of this wellness company has zoomed 69% from 52-wk low in 3 days
Shares of Kaya hit a 52-week high of Rs 451.15, as they surged 16% in Friday's intra-day trade, surpassing its previous high of Rs 395.90 touched on August 10, 2023.
 "Stock of this wellness company has zoomed 69% from 52-wk low in 3 days")
Suven Pharma stock rises 6% on nod to acquire Sapala Organics for Rs 230 cr
The surge came after Suven Pharmaceuticals said that it has entered into a definitive agreement to acquire a controlling stake of Sapala Organic for Rs 229.5 crore, in an all cash deal
 "Suven Pharma stock rises 6% on nod to acquire Sapala Organics for Rs 230 cr")
Venus Remedies up 8% on order win from UNICEF for bacterial infection drug
The uptick in stock price came after the company announced that it has secured an award for its antibiotic product, Ceftriaxone 1 gm, from UNICEF
Torrent Pharma slips 3% after USFDA issues 5 observations for Indrad Unit
The fall came after the United States Food and Drug Administration (USFDA) issued a Form 483 with five observations for the Indrad unit
 "Torrent Pharma slips 3% after USFDA issues 5 observations for Indrad Unit")
