Stocks to Watch: Market Insights and Key Updates for Tuesday, June 25, 2024
As Indian equity indices are poised for a positive start, GIFT Nifty signals an optimistic opening with a 0.24% rise to 23,592. Here’s a roundup of today’s top stocks in focus:
- Happiest Minds Ashok Soota, executive chairman, initiates a significant stake sale through a block deal, aiming to raise Rs 754 crore.
- Maruti Suzuki India Facing scrutiny, the automaker receives a show cause notice from the GST Authority in Gujarat regarding potential input tax credit issues amounting to Rs 5.4 crore.
- Sun Pharma Completes a successful merger with Taro Pharmaceutical Industries, solidifying its market presence.
- Borosil Launches a Qualified Institutions Placement (QIP) to raise funds, setting the floor price at Rs 331.75 per share.
- Shalby Terminates a franchise agreement citing breaches, impacting operations with Madhuban Orthopedic and Multispecialty Surgical Hospital Private Ltd.
- Swan Energy Announces a strategic acquisition plan to purchase a 49% stake in Triumph Offshore Private Ltd from IFFCO for Rs 440 crore.
- Craftsman Automation Signs MoU with Sunbeam Lightweighting Solutions and Kedaara Capital for potential business acquisitions.
- Amara Raja Subsidiary Amara Raja Advanced Cell Technologies signs a technical licensing agreement with GIB EnergyX Slovakia, enhancing its technological capabilities.
Stay tuned for further updates as these developments unfold, influencing today’s market dynamics.”