Stocks To Watch: Wardwizard Innovations, RVNL, Dr. Reddy's, Borosil Renewables

Shares of of Wardwizard Innovations and Mobility Ltd., Rail Vikas Nigam Ltd., Dr Reddy's Laboratories Ltd. and Borosil Renewables Ltd. will be in focus on Monday.

Electric vehicle maker Wardwizard Innovations and Mobility on Friday said it has secured an order worth around Rs 10,768 crore from Philippines-based Beulah International Development Corp.

Dalmia Bharat Ltd. on Friday said it will engage with the interim resolution professional of Jaiprakash Associates Ltd., regarding the acquisition of the latter's cement assets.

Most Asian markets saw an early rise on Monday, prompted by news of Japan's economy contracting less than anticipated in the first quarter.

As of 06:46 a.m., the Nikkei 225 climbed by 186.92 points or 0.48% to 38,870.85, while the KOSPI dipped by 26.21 points or 0.96% to 2,696.46.

Traders in the world’s largest bond market faced significant losses due to a robust US jobs report, leading them to reassess their expectations of Federal Reserve rate cuts.

By Friday, the S&P 500 Index and Nasdaq Composite had increased by 0.11% and 0.23% respectively, while the Dow Jones Industrial Average had fallen by 0.96%.

Meanwhile, Brent crude was trading slightly higher at $79.64 a barrel, with gold rising by 0.07% to $2,295.42 an ounce.

Back home, the benchmark equity indices recovered from their losses on counting day and recorded their highest close on Friday as heavyweights led the rally. The NSE Nifty 50 closed 468.75 points, or 2.05%, up at 23,290.15, while the S&P BSE Sensex closed 1,618.85 points, or 2.16%, higher at 76,693.36.

Overseas investors turned net buyers on Friday after three consecutive sessions of selling. Foreign portfolio investors mopped up stocks worth Rs 4,391.02 crore, while domestic institutional investors turned net sellers after two sessions and sold equities worth Rs 1,289.75 crore, according to provisional data from the National Stock Exchange.

The Indian currency strengthened by 10 paise to Rs 83.37 against the US dollar.

• Suzlon Energy: Marc Desaedeleer resigned from the post of Independent Director.

• Wardwizard Innovations And Mobility: The company received an order worth $1.29 billion from Beulah International for EVs.

• Borosil Renewables: The board approved raising up to Rs 450 crore via the rights issue of shares.

• Artson Engineering: The company received a Rs 126 crore order for engineering and construction at Guwahati International Airport.

• Gland Pharma: The company appointed Srinivas Sadu as Executive Chairman and CEO of the company.

• Rail Vikas Nigam: The company JV with KRDCL received for project worth Rs 156 crore Southern Railway for “Provision of Automatic Signalling on Ernakulam Thiruvananthapuram Division in Southern Railway.

• UCO Bank: The bank will hike MCLR on 3-month and 1-year tenures by 5 bps effective June 10.

• Dr Reddy’s Laboratories: US FDA has completed GMP inspection at the API manufacturing facility in Andhra Pradesh and issued Form 483 with 4 observations.

• Jubilant Pharmova: The US FDA completed an audit of a contract manufacturing facility in Washington and issued 3 observations.

• IDBI Bank: The company received income tax order determining Rs 2,701.6 crore refund for AY 2016-17. The company is in the process of evaluating the implications of tax order on financial statements.

• Raymond: The company real estate division has been selected Preferred developer for redevelopment of Mumbai residential area. The project has an estimated revenue potential of more than 2,000 crore.

• Inox Wind: The company incorporated four wholly owned subsidiaries.

• CESC: The company’s step-down arm incorporated wholly owned subsidiary HRP Green Power.

• Medplus Health: The company’s arm received 4 license suspension orders for stores at various locations in Karnataka.

• KPI Green Energy: The company’s subsidiary Sun Drops Energia, approved a private placement of 10,66,098 equity shares to Chairman and Managing Director Faruk G. Patel, representing 16.62% of the expanded paid-up share capital. Post-completion, Sun Drops will be a subsidiary representing 83.38% of the expanded paid-up share capital.

• Apeejay Surrendra Park Hotels: The company has expanded its geographical presence in Uttarakhand by building new hotel in the brand name ‘The Park’.

• Ixigo: The company will offer its shares for bidding on Monday. The price band is set from Rs 88 to Rs 93 per share apiece. The Rs 740.1 crore IPO is combination of fresh issue of Rs 120 crore and rest offer for sale. The company has raised Rs 333 crore from anchor investors.

• Sudarshan Chemical: HDFC Mutual Fund bought 10.28 lakh shares (1.48%) at Rs 778.1 apiece, while Rathi Ajay Balkrishna sold 10.28 lakh shares (1.48%) at Rs 778.1 apiece.

• Thermax: Nalanda India Equity Fund Limited sold 15 lakh shares (1.25%) at Rs 5100.26 apiece, while SBI Mutual Fund bought 13.74 lakh shares (1.15%) at Rs 5100 apiece.

• Moschip Technologies: Rajesbhai Navinchandra Shah sold 11.81 lakh shares (0.65%) at Rs 185.95 apiece.

• Jindal Saw: Promoter Shradha Jatia bought 19,004 shares on June 4.

• Sudarshan Chemical: Promoter Ajay Balkrishna Rathi sold 18.48 lakh shares on June 5.

• Usha Martin: Promoter Peterhouse Investments India sold 75,000 shares.

• Cantabil Retail: Promoter Deepak Bansal bought 1 lakh shares between June 5 to 7.

• India Cements: Promoter EWS Finance and Investments created a pledge for 13.16 lakh shares on June 6.

• Price Band revised from 5% to 10%: D.B. Corp.

• Price Band revised from 5% to 20%: Man Industries.

• Ex/record Dividend: Dr. Lal Path Labs, Nelco.

• Ex/record bonus: Motilal Oswal Financial Services.

• Moved in short-term Framework: Finolex Cables, KNR Construction.

• Moved out short-term Framework: SMS Lifescience India.

• Astro Microwave Products: To meet analyst and Investors on June 13, 14.

• Rhi Magnestia India: To meet analyst and Investors on June 11.

• ITD Cementation: To meet analyst and Investors on June 14.

• DLF: To meet analyst and Investors on June 13.

• Nifty June futures up by 1.9% to 23,325.15 at a premium of 35 points.

• Nifty June futures open interest down by 2.5%.

• Nifty Bank June futures up by 1.01% to 49,908 at a premium of 105 points.

• Nifty Bank June futures open interest up by 0.34%.

• Nifty Options June 13 Expiry: Maximum Call open interest at 24,000 and Maximum Put open interest at 23,000.

• Bank Nifty Options June 12 Expiry: Maximum Call Open Interest at 53,000 and Maximum Put open interest at 47,000.

• Securities in ban period: Balrampurchini Mills, SAIL, Zee Entertainment Enterprises.