Stocks To Watch: Dr Reddy’s, Bharti Airtel, Vodafone Idea, JSW Energy, KEC International, Patanjali Foods

Telecom stocks Bharti Airtel Ltd. and Vodafone Idea Ltd., along with Jio parent Reliance Industries Ltd., will be in focus on Thursday after the companies bagged 5G spectrum in recent auctions conducted by the government.

Dr. Reddy’s Laboratories Ltd. announced it will acquire British firm Haleon Plc's consumer healthcare brand of nicotine replacement therapy through a subsidiary for 500 million pounds, or about Rs 5,290 crore, to gain access to a global over-the-counter anchor brand.

A unit of JSW Energy Ltd. signed a power purchase agreement through its subsidiaries for renewable energy projects, while KEC International Ltd. and ITD Cementation Ltd. secured major contracts.

India's benchmark equity indices extended their record run for the second consecutive day on Wednesday, ahead of the expiry of their monthly derivative contracts. The Nifty Bank, whose monthly contracts also expired in the day, recorded its highest close as well.

The NSE Nifty 50 closed 147.50 points, or 0.62%, higher at 23,868.80 points, while the S&P BSE Sensex ended 620.73 points up, or 0.8%, at 78,674.25.

Overseas investors turned net sellers on Wednesday after a day of buying. Foreign portfolio investors offloaded stocks worth Rs 3,535.4 crore, while domestic institutional investors turned net buyers after two sessions of selling and mopped up equities worth Rs 5,103.7 crore, the NSE data showed.

The Indian rupee weakened 14 paise to close at Rs 83.57 against the US dollar.

Asia-Pacific markets fell on Thursday, taking cues from caution on the Wall Street ahead of US GDP data for January-March quarter, scheduled for release later on Thursday.

The Nikkei 225 was trading 400.56 points or 1.01% lower at 39,266.51 as of 06:43 a.m. The Japanese yen slumped to160.9 against the US dollar, marking the lowest level since 1986, Bloomberg reported. This fuelled bets among traders that Japan's authority may step in to safeguard the currency.

The KOSPI and S&P ASX 200 were trading 0.81% and 1.30% lower, respectively as of 06:46 a.m.

US stocks faced challenges in the last phase of a successful quarter, where a select few high-performing technology stocks dominated. All large-cap companies, excluding Nvidia Corp., experienced an increase in their stock prices as the major chipmaker conducted its yearly shareholder meeting.

The S&P 500 and Nasdaq Composite settled 0.16% and 0.49% higher, respectively on Wednesday. The Dow Jones Industrial Average rose 0.04% higher.

Spot gold rose 0.01% to $2,298.35 per ounce. Brent crude traded 0.27% higher. The August contract of Brent crude on Intercontinental Exchange was 0.41% lower at $84.90.

The GIFT Nifty was trading 5 points or 0.02% lower at 23,795.00 as of 06:53 a.m.

• Dr Reddy’s Labs: The company's Switzerland subsidiary will acquire NorthStar Switzerland and related portfolio from Haleon for an upfront cash consideration of 458 million pound. It will pay an additional performance-based contingent of 42 million pound in 2025 and 2026.

• Telecom Stocks: Bharti Airtel acquired 97 MHz spectrum in 900 MHz, 1,800 MHz and 2,100 MHz frequency bands for Rs 6,857 crore for a period of 20 years. Reliance Jio bought 14.4 MHz of spectrum worth Rs 974 crore and Vodafone Idea bagged 30 MHz of spectrum worth Rs 3,510 crore.

• JSW Energy: Unit JSW Neo Energy signed a power purchase agreement through its subsidiaries for 1,325 megawatts of renewable energy projects likely to be commissioned in the next 21–24 months.

• ITD Cementation: The company secured a new marine contract worth Rs 1,082 crore for constructing Third Berth (Jetty) and specified additional works in Gujarat.

• KEC International: The company received new order worth Rs 1,025 crore for its transmission and distribution and cables business.

• Ramky Infrastructure: The company received two contract worth of Rs 107 crore and Rs 23 crore from PowerGrid Energy Services.

• Navin Fluorine: The board will meet on June 29 to discuss Rs 750 crore fundraise.

• Patanjali Foods: Baba Ramdev and Acharya Balkrishna recieved notice from Kozhikode court over advertisements relating to ayurvedic medicines of Divya Pharmacy. Ramdev and Balkrishna have been asked to appear in person or through counsel before the court on July 6.

• PI Industries: The company announced offer to acquire Plant Health Care Plc for purchase consideration of about 32.8 million pound, proposed to be paid in cash and funded via QIP proceeds. The consummation of proposed acquisition, subject to UK regulations, is expected to be completed by second quarter of FY25.

• Sona BLW Precision Forgings: The company received certification for traction motor for electric two-wheelers under the PLI Scheme for automobile and auto component industry in India from the government.

• PTC India Finance: The board appointed R Balaji as MD and CEO following RBI approval.

• RVNL: The company’s JV with KRDCL received a letter of acceptance from Southern Railway for automatic signalling work in Ernakulam-Trivandrum division in Kerala.

• SJVN: SJVN Green Energy signed an agreement with AM Green Ammonia India for cooperation on supply and sourcing of renewable energy for green ammonia plants.

• Tata Communication: The company transferred it's identified new edged digital services business to unit Novamesh effective April 1.

• Jubilant Ingrevia: The company appointed Varun Gupta as CFO effective from Aug. 12.

• Allied Blenders and Distillers: The public issue was subscribed 1.52 times on day 2. The bids were led by institutional investors (0.14 times), non-institutional investors (2.98 times), retail investors (1.65 times) and portion reserved for employees (5.09 times)

• Vraj Iron and Steel: The public issue was subscribed 3.47 times on day 1. The bids were led by institutional investors (0.61 times), non-institutional investors (3.53 times) and retail investors (5.07 times).

• Titagarh Rail Systems: Rashmi Chowdhary sold 26.93 lakh shares (1.99%), while Blackrock Global Funds bought 21.73 lakh shares (1.61%) and BNP Paribas Financial Markets bought 5.2 lakh shares (0.38%) at Rs 1,618 apiece.

• Neuland Laboratories: Smallcap World Fund Inc bought 1.3 lakh shares (1.01%), while Malabar India Fund sold 1.3 lakh shares (1.01%) at Rs 7,400 apiece.

• Hindustan Foods: Infinity Consumer Holdings sold 31 lakh shares (2.70%), Jwalamukhi Investment Holdings sold 62.81 lakh shares (5.48%), Konark Trust sold 2.36 lakh shares (0.2%), Sixth Sense India Opportunities 11 sold 7 lakh shares (0.61%), Westbridge Aif I sold 23.98 lakh shares (2.09%) while ICICI Prudential Life Insurance bought 56.77 lakh shares (4.95%), Aditya Birla Sun Life Insurance bought 29.88 lakh shares (2.60%), Morgan Stanley Asia Singapore Pte bought 10.7 lakh shares (0.93%), and Samsung India 2.0 Equity Master Investment Trust bought 8.3 lakh shares (0.72%), among others, at Rs 502 apiece.

• Sharda Motors: Mala Relan sold 25 lakh shares (8.4%), while Icici Prudential Mutual Fund bought 5.13 lakh shares (1.72%), Nippon India Mutual Fund bought 4.13 lakh shares (1.39%), HDFC Mutual Fund - Hdfc Manufacturing Fund bought 3.11 lakh shares (1.04%), Axis Small Cap Fund bought 2.58 lakh shares (0.86%), HSBC Mutual Fund bought 1.85 lakh shares (0.62%) at Rs 1996.1 apiece, Axis India Manufacturing Fund bought 1.54 lakh shares (0.52%) and among others at Rs 1,996.1 apiece.

• Vedanta: Finsider International company sold 9.75 crore shares (2.63%) at Rs 427.21 apiece.

• C.E. INFO Systems: Jayvilaskate sold 5 lakh shares (0.92%) at Rs 2,320.2 apiece.

• The Anup Engineering: Aura Business Ventures LLP sold 3 lakh shares (3.02%) at Rs 1,826.14 apiece.

• INOX Green: Dovetail India Fund sold 31 lakh shares (1.05%) at Rs 166.56 apiece, while Societe Generale bought 29.49 lakh shares (1%) at Rs 166.5 apiece.

• Wardwizard Innovations & Mobility: Wardwizard Solutions India sold 20 lakh shares (0.76%) at Rs 60.08 apiece.

• Affle India: Affle Holdings sold 25 lakh shares (1.78%), while ICICI Prudential Mutual Fund bought 7.75 lakh shares (0.55%), Monetary Authority Of Singapore bought 16.16 lakh shares (1.15%) at Rs 1,290 apiece.

• Paisalo Digital: Ebisu Global Opportunities Fund bought 1.48 crore shares (1.65%), while Nomura Singapore sold 1.48 crore shares (1.65%) at Rs 75.47 apiece.

• Tide Water Oil (INDIA): Promoter Standard Greases & Specialities bought 38,762 shares on June 25.

• Salasar Techno Engineering: Promoter Kamlesh Gupta sold 21.4 lakh shares between June 19 to 24.

• KNR Construction: Promoter K Narsimha Reddy sold 4.35 lakh shares between June 24 and 25.

• Gensol Engineering: Promoter Anmol Singh Jaggi revoked a pledge for 6 lakh shares on June 25.

• Ex/record Dividend: Titan, Supreme Petrochem.

• Ex/record AGM: Titan, Devyani International, Supreme Petrochem.

• Ex/record Bonus Issue: Aurionpro Solutions.

• Ex/record Stock Split: Share India Securities.

• Moved out short-term Framework: Bajaj Hindusthan Sugar, IIFL Securities, Marine Electricals (India), Praj Industries.

• Moved in short-term Framework: Omaxe.

• Five-Star Business Finance: To meet analyst and Investors on June 27.

• V-Mart Retail: To meet analyst and Investors on July 1.

• Nifty June futures up by 0.55% to 23,867.95 at a discount of 0.85 points.

• Nifty June futures open interest down by 26%.

• Nifty Bank June futures up by 0.24% to 52,877.10 at a premium of 6.6 points.

• Nifty Bank June futures open interest up by 42%.

• Nifty Options June 27 Expiry: Maximum Call open interest at 24,000 and Maximum Put open interest at 23,000.

• Bank Nifty Options July 3 Expiry: Maximum Call Open Interest at 53,000 and Maximum Put open interest at 50,000.

• Securities in ban period: GNFC, India Cement, Indus Tower, PNB, Sail.

• Vraj Iron IPO - Investment Rationale, Financials, Strengths, Risks And More: Anand Rathi

• LIC Housing Finance - Turning The Corner With Better Predictability Of Earnings: Motilal Oswal

• Ask Automotive - Entering A Period Of Robust Growth, Capital Efficiency: ICICI Securities

• Greenlam Industries - Entry Into New Segments To Fuel Growth: HDFC Securities

• TCI Express - Automation Underway At Multiple Centers: Prabhudas Lilladher