Stocks to watch: Shares of firms like Bharti Airtel, RVNL, Titagarh Rail, SBI, Dr Reddy’s, and others will be in focus on Thursday’s trade.
Stocks To Watch On June 27: After a flat start, markets edged higher as expected, gaining over half a percent on Wednesday. In today’s trade, shares of Inox Green, Titagarh Rail, India Cements, Dr Reddy’s, and Bharti Airtel among others will be in focus due to various news-related developments.
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Dr Reddy’s Laboratories: Subsidiary Dr Reddy’s Laboratories SA, Switzerland, entered into an agreement to acquire Nicotinell and related brands from Haleon plc and its associate companies.
State Bank of India: On Wednesday, June 26, SBI announced the successful raising of Rs 10,000 crore through its fifth infrastructure bond issuance. The bonds carry a coupon rate of 7.36 per cent. The issuance garnered strong investor interest, with bids exceeding Rs 19,884 crore, oversubscribing the base issue size of Rs 5,000 crore by nearly four times. A total of 143 bids were received, reflecting widespread participation from a diverse investor base.
IIFL Securities: SEBI has initiated an investigation into Sanjiv Bhasin, associated with IIFL Securities. Officials have reportedly seized Bhasin’s digital devices and gathered evidence as part of the probe. The investigation focuses on allegations of market manipulation and front-running against Bhasin.
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Telecom stocks: Bharti Airtel, Reliance Jio, and Vodafone Idea; a total of 141.4 MHz of spectrum was auctioned, amounting to Rs 11,340 crore. Bharti Airtel acquired 97 MHz, Reliance Jio acquired 14.4 MHz, and Vodafone Idea acquired 30 MHz of spectrum.
ITD Cementation India: The company secured a Rs 1,082 crore marine contract for constructing the Third Berth (Jetty) at Dahej LNG terminal in Gujarat, along with specified additional works.
CSB Bank: According to reports, FIH Mauritius Investments intends to sell a 9.72 per cent stake via a block deal, aiming to raise Rs 595 crore. The floor price for the transaction is Rs 352.4 per share.
PI Industries: The company announced its acquisition of Plant Health Care Plc for £32.8 million, aiming to expand its portfolio in sustainable agriculture solutions.
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Inox Green Energy: Ace investor Ashisk Kacholia has invested Rs 40 crore in Inox Green Energy Services as part of the latter’s Rs 1,050 crore fund raise plan.
Titagarh Rail Systems: Blackrock has bought over 9.46 lakh shares in Titagarh Rail Systems for Rs 153.12 crore through block deals.
JSW Energy: JSW Energy arm JSW Neo Energy signed power purchase agreements (PPAs) for wind and solar projects with a cumulative capacity of 1,325 MW.
RVNL: KRDCL-RVNL JV received letter of acceptance (LoA) for project worth Rs 156.47 crore from Southern Railway.
Bharti Airtel: Bharti Airtel has acquired 97 MHz spectrum in 900 MHz, 1800 MHz and 2100MHz frequency bands for a total consideration of Rs 6,857 crore.
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