Shares of HCL Technologies, TCS, BL Kashyap and Sons, and Cipla will be in focus on Tuesday.
HCL Technologies Ltd. has expanded its partnership with Germany's largest cooperative primary bank Deutsche Apotheker- und Ärztebank eG (apoBank) for an estimated contract value of $278 million over a duration of 7.5 years.
BL Kashyap and Sons Ltd. has received two new construction orders worth a total of Rs 1,021 crore on Tuesday. The company's total order book stands at Rs 3,545 crore as of date, excluding GST.
Most benchmarks in Asia-Pacific declined on Wednesday, not tracking overnight gains on Wall Street as traders await the US Federal Reserve's policy decision and inflation print.
The Nikkei 225 was 253.22 points 0.65% down at 38,881.57, and the S&P ASX 200 was 46.80 points or 0.60% down at 7,708.60 as of 06:45 a.m. The KOSPI index was 11.20 points or 0.41% higher at 2,716.52.
fter climbing to fresh highs, the S&P 500 Index settled 0.27% higher at 5,375.32. The Nasdaq Composite index rose 0.88%, while the Dow Jones Industrial Average index declined 0.31%.
Brent crude was trading 0.22% higher at $82.10 a barrel. Gold fell 0.22% to $2,311.92 an ounce.
The GIFT Nifty was trading 15.5 points or 0.1% down at 23,307.00 as of 06:48 a.m.
India's benchmark equity gauges erased all their gains in the last hour of the session on Tuesday and ended little changed as losses in the shares of Reliance Industries Ltd. and ICICI Bank Ltd. weighed. The NSE Nifty 50 ended 5.65 points, or 0.02%, up at 23,264.85, while the S&P BSE Sensex closed 33.49 points, or 0.04%, lower at 76,456.59.
Overseas investors in Indian equities turned net sellers on Tuesday after two days and offloaded stocks worth Rs 111 crore, while domestic institutional investors turned net buyers and mopped up equities worth Rs 3,193.3 crore after two days of selling, according to provisional data from the National Stock Exchange.
The Indian currency weakened by 7 paise to Rs 83.57 against the US dollar.
Stocks to Watch
HCL Technologies: The company signed a $278 million deal with Germany's largest cooperative primary bank apoBank for 7.5 years.
TCS: The company launched a new IoT engineering lab in Ohio for manufacturing, energy, and consumer solutions.
B.L. Kashyap and Sons: The company secured two new orders aggregating to Rs 1,021 crore approx. Received construction order worth Rs 924 crore from DLF City and received civil construction order worth Rs 97 crore from Sattva Homes. The total order book as of date stands at Rs 3,545 crore.
Cipla: Patna Tax Office rules against the company on input tax credit. The company is to appeal to a higher authority on input tax credit ruling.
Dollar Industries: The company recorded the highest-ever revenue in 2023-24. To open 50 exclusive brand outlets across South India by 2027. Aim for 50% sales growth in South India in 2024-25.
NHPC: National High Power Test Laboratory approved the transfer of 1 crore shares from the company to Power Grid Corp. The company’s stake in NHPTL now stands at 12.5% from 20% earlier. NHPTL ceased to be an associate company of the company.
TVS Supply Chain Solutions: The company received a five-year contract with Daimler Truck AG for integrated supply chain solutions service in Singapore.
Castrol India: The board appointed Kedar Lele as MD for 5 years effective Nov 1.
LTIMindtree: The company announced the inauguration of its regional headquarters in Saudi Arabia’s capital, Riyadh, as part of the expansion in KSA and the Middle East.
Patanjali Foods: The company has clarified that the Board has evaluated the initial proposal by Patanjali Ayurved for the sale of non-food business on April 26. A committee comprising an Independent Director, CEO & CFO in the progress of evaluating the proposal.
Wipro: The company introduced the Lab45 AI Platform designed to increase efficiencies and transform business functions.
IPO Offering
Le Travenues Technology: The public issue was subscribed to 9.33 times on day2. The bids were led institutional investors (0.79 times), non-institutional investors (20.14 times), retail investors (18.73 times).
Block Deals
Inox Wind Energy: Anjana Projects sold 0.4 lakh shares (0.33%) at Rs 7169 apiece, while India Opportunities Growth Fund Pinewood Strategy bought 0.4 lakh shares (0.33%) at Rs 7169 apiece.
Bulk Deals
InterGlobe Aviation: Interglobe Enterprises sold 77.19 lakh shares (1.99%) at Rs 4362.04 apiece, Citigroup Global Markets Mauritius bought 31.23 lakh shares (0.8%) at Rs 4361 apiece.
Action Construction Equipment: Mona Agarwal sold 13 lakh shares (1.09%) at Rs 1420.44 apiece.
Honasa Consumer: Fireside Ventures Investment Fund I sold 32,42, 441 shares (0.99%) at Rs 436 apiece, while Sofina Ventures Sa sell 32,42,442 shares (0.99%) at Rs 435 apiece.
IRB Infrastructure Developers: Cintra INR Investments BV sold 9.05 crore shares (1.5%) at Rs 64.02 apiece, while Cintra INR Investments BV sold 21.13 crore shares (3.5%) at Rs 63.43 apiece.
Wardwizard Innovations and Mobility: Ward wizard Solutions India sold 42.12 lakh shares (1.61%) at Rs 72.51 apiece.
TCNS Clothing: TA FDI Investors sold 12 lakh shares (1.89%) at Rs 550.14 apiece, while Rajasthan Global Securities bought 3.22 lakh shares (0.51%) at Rs 550.05 apiece.
Insider Trades
Mphasis: Promoter BCP Topco Ix sold 2.85 crore shares on June 10.
Lancer Container Lines: Promoter Abdul Khalik Abdul Kadar Chataiwala bought 1.16 lakh shares on June 10.
Advanced Enzyme Technologies: Promoter Advanced Vital Enzymes Private Limited sold 55,009 shares on June 7.
Sterling and Wilson Renewable Energy: Promoter Kainaz Khurshed Daruvala created a pledge for 2.8 lakh shares on June 7.
Pledge Details
Goodluck India: Promoter Anju Garg created a pledge for 1 lakh shares, Promoter Harsh Garg created a pledge for 68,000 shares, Promoter Mithlesh Garg created a pledge for 80,000 shares, Promoter Ram Agarwal created a pledge for 80,000 shares, Promoter Rekha Rani created a pledge for 1 lakh shares, Promoter Shyam Agrawal created a pledge for 80,000 shares on June 10.
Trading Tweaks
Price Band revised from 10% to 5%: Andhra Cements, GTL Infrastructure.
Price Band revised from 20% to 10%: Essar Shipping, IFB Industries.
Ex/record Dividend: Tata Chemicals.
Moved out short-term Framework: Pending.
Who’s Meeting Whom
CG Power and Industrial Solutions: To meet analyst and Investors on June 13.
Star Health and Allied Insurance: To meet analyst and Investors on June 14.
ASK Automotive: To meet analyst and Investors on June 18.
Jindal Saw: To meet analyst and Investors on June 14.
Container Corporation of India: To meet analyst and Investors on June 18 to 20 and 26 to 28.
Data Patterns: To meet analyst and Investors on June 21.
F&O Cues
Nifty June futures up by 0.28% to 23,309 at a premium of 45 points.
Nifty June futures open interest up by 0.17%.
Nifty Bank June futures up by 0.01% to 49,768 at a premium of 63 points.
Nifty Bank June futures open interest up by 0.7%.
Nifty Options June 13 Expiry: Maximum Call open interest at 24,000 and Maximum Put open interest at 22,500.
Bank Nifty Options June 12 Expiry: Maximum Call Open Interest at 51,000 and Maximum Put open interest at 48,000.
Securities in ban period: Balrampurchini Mills, GMR Infra, Hindustan Copper, India Cements, SAIL, Zee Entertainment Enterprises.
Research Reports
SBI - Ruling The Roost; Motilal Oswal Reiterates Buy With A Revised Target Price Of Rs 1,015
Coal India - Volume Momentum To Persist; Retaining A Buy: Anand Rathi
Zensar Technologies - Margin Expansion In FY24; Revenue Growth Focus For FY25: Systematix
Logistics Sector Check - Ocean Freight Rates Heading To Record Highs: Prabhudas Lilladher
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