• Miki

Adani Transmission, NTPC, Vedanta, Sun Pharma, and Other Stocks to Watch Today



Stocks To Watch On Monday: Dalal Street was expected to see a downturn on Monday, according to Nifty futures, which traded 95 points, or 0.57 percent, lower at 16,494 on the Singapore Exchange. The 30-share pack Sensex ended the session at 55,769.23, down 48.88 points, or 0.09 percent. Its larger counterpart, the Nifty50, managed to hold the 16,550 level after settling at 43.70 points, or 0.26 percent.


APT Packaging, Marshall Machines, Setco Automotive, AVG Logistics, Cinevista, Urja Global, and Setco Automotive are a few of the businesses that will present their quarterly financial results today. In addition to these businesses, Dhanvantri Jeevan Rekha, Ind-Aviv Commerce, Alpha Hi-Tech Fuel, and Arihant Institute are also expected to release their March quarter results today.

Vedanta


Vedanta, an oil-to-metals conglomerate, announced on Saturday that a committee of its directors has approved a private placement of debentures to raise to Rs 4,089 crore.


Sun Pharma

According to a senior business executive, pharmaceutical giant Sun Pharma intends to boost its field force in the domestic market by 10% in the current fiscal year to support its dual goals of brand focus and regional expansion.


Adani Transmission


The biggest private transmission and distribution business in India announced on Friday that it has finalized arrangements to purchase the Mahan-Sipat transmission line from Essar Power for Rs 1,913 crore.


RattanIndia Power


Due to personal circumstances, Vibhav Agarwal has resigned from his position as managing director of the business. As a result, on June 3, he also lost his position as the company's key managerial personnel. Asim Kumar De, the firm's full-time director, has been given extra duties to carry out the duties previously performed by the managing director for a temporary period until the company appoints a new managing director.


Union Bank of India


Union Bank of India announced on Friday that the government has appointed A Manimekhalai as managing director and chief executive officer for a three-year term.


Tata Motors


To scale up capabilities across multiple business verticals, including the electric vehicle segment, Tata Motors is preparing to improve its R&D through new hiring as well as upskilling of the present staff this fiscal year, according to a top corporate executive.


TVS Motor


To finance the growth strategy of the newly formed electric mobility branch of the group, TVS Motor Co. Ltd. is in advanced talks to raise Rs 4,000–5,000 crore from private equity firms.


Poonawalla Finance


Abhay Bhutada, managing director of Poonawalla Finance, had his suspension lifted by the market regulator Sebi in connection with a case involving alleged insider trading in Magma Fincorp shares.


V-Guard


SBI Mutual Funds purchased 59,171 shares of V-Guard Industries on June 2nd through open market transactions.


Bank stocks


Following their stellar performance in the most recent quarter and promising futures amid rising interest rates, stocks of banking businesses have become top selections for stock market analysts.


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