*Stocks in News*
*Afcons Infrastructure:* Company bags Rs 5,301 crore Vadhvan port breakwater project in Maharashtra. (Positive)
*Bharti Hexacom:* Company has received significant relief as the Bombay High Court set aside an Rs 473.7 crore spectrum charge demand (Positive)
*Bharti Airtel:* India halts Starlink approvals amid Iran war security fears. (Positive)
*Marksans Pharma:* India Ratings and Research has revised the outlook for the Company”s bank loan facilities to Positive from Stable (Positive)
*NTPC:* Defence Min Approves First Large-Scale Solar Power Project on Defence Land at Sitapur, UP. (Positive)
*KNR Constructions:* Company bags ₹235.07 Cr Flyover Project in Hyderabad. (Positive)
*Muthoot Microfin:* Company has received a significant credit rating upgrade from CRISIL (Positive)
*Dixon Technologies:* Company has enters into a JV binding term sheet with Gemtek (Positive)
*MSP Steel & Power Ltd:* Promoter Group entities acquired 23,50,000 & 11,05,000 equity shares respectively via open market purchases. (Positive)
*HCL Tech:* Company has launched a Cybersecurity Fusion Center (CSFC) in Mississauga, Canada, expanding its cybersecurity capabilities in the region. (Positive)
*Bharti Hexacom:* Company gets relief as Bombay high court sets aside Rs 473.7 crore spectrum charge demand. (Positive)
*RMC Switchgears:* Company outlines FY27–FY29 growth strategy; bets on EPC, electrical products and pulsebox expansion. (Positive)
*Shriram Fin:* India CCI approves Sanlam’s stake buy in Shriram Life Insurance (Positive)
*Emcure Pharma:* Kotak Mahindra MF buys 36 lakh shares (Positive)
*Ajanta Pharma:* Kotak Mahindra MF buys 21 lakh shares (Positive)
*Bluestone Jewellery:* Nippon India MF buys 25 Lk shares (Positive)
*Maruti Suzuki:* Company freezes small car prices: Rs 30,000 price hike waived for bookings till June 14 (Neutral)
*NLC India:* India govt to exercise oversubscription option for 1% stake in NLC India OFS (Neutral)
*Quality Power:* Company expands with ₹315 Cr Winwin Speciality Insulators acquisition. (Neutral)
*Glenmark:* Company targets 13-15% revenue CAGR, on track for 23% EBITDA margin by FY27 (Neutral)
*Patanjali Foods:* Company received notice from Maharashtra FDA regarding promotional claims of Patanjali karela jamun juice; required to address concerns and potential recall of product. (Neutral)
*Orient Ceratech Limited:* Company has entered into an Agreement for Sale of its Thermal Power Station (Neutral)
*PNB Housing Finance Ltd:* Company has approved the allotment of 50,000 Listed, Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each. (Neutral)
*Manbro Industries Ltd:* Board of Directors approved a merger with KD Iron & Steel Private Limited, an entity with common promoters. (Neutral)
*KRN Heat:* Board approves ₹235.25 cr investment in its subsidiary, KHPL. (Neutral)
*Vedanta:* Malco Energy Ltd changed to Vedanta Oil & Gas Ltd w.e.f. June 9. (Neutral)
*Aviation stocks:* Jet fuel for domestic airlines will now cost ₹115 per litre. (Neutral)
*JSW Energy:* Moody’s Ratings has affirmed the “Ba1/Stable” rating for the Senior Secured Notes (Neutral)
*Welspun Corp:* Company’s arm divests 4.5% stake in EPIC for ₹7 cr. (Neutral)
*Newgen Software:* Virender Jeet resigns as CEO. (Neutral)
*MOIL:* Govt exempts Manganeseores & concentrates, including ferruginous manganese ores and concentrates with a manganese content of 20% or more from customs duty. (Neutral)
*Dredging Corp:* Board approved the appointment of Jasmeet Singh Bindra as Additional Director and Chairman. (Neutral)
*Ramkrishna Forgings:* Board approved the allotment of 3.35 lakh warrants and 3.35 lakh equity shares worth Rs 52.7 crore. (Neutral)
*Garden Reach:* The government has nominated Vijay Namdeorao Zade as a Part-Time Official Director. (Neutral)
*Vijaya Diagnostic:* Sai Siva Prasad has resigned as Chief Technology Officer, effective August 8. (Neutral)
BHARAT FORGE – VERY STRONG COMMENTARY ON DEFENCE VERTICAL on CNBCTV18Live
1. JUST RECEIVED LARGEST EVER ORDER IN INDIA FOR MAKING CARBINES FOR THE ARMY
2. MAKING DEFENCE PLATFORMS DESIGNED & SOLD IN INDIA
3. 40% OF TOTAL DEFENCE SALES IS EXPORTS
4. US & EUROPE ARE REBUILDING DEFENCE CAPABILITIES, BIG OPPORTUNITES
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