Stocks in news: Tata Motors, HDFC AMC, Shriram Finance, Pidilite and more
Stocks to watch out for today: HDFC AMC, Shilpa Medicare, BEL, Tata Motors, Shriram Finance, Pidilite and more
- Jun 21, 2023,
- Updated Jun 21, 2023 8:39 AM IST
The equity market ended higher on Tuesday amid mixed global cues. Sensex rebounded over 525 points from day's low to settle at 63,327.70, up 159.40 points, or 0.25 per cent from the previous close. NSE's Nifty50 added 61.25 points, or 0.33 per cent, to end the session at 18,816.70.
Here’s a look at stocks that are likely to remain in news today.
HDFC AMC
Promoter group Abrdn has sold its entire stake in HDFC AMC via block deals on Tuesday.
Archean Chemicals
Norway-based Norges Bank has sold partial stake in Archean Chemicals through open market transactions on Tuesday.
Shilpa Medicare
The company's board to consider a proposal on June 23 for fund raising by way of rights issue of equity shares.
BEL
Bharat Electronics Ltd (BEL) has won orders worth Rs 5,900 crore in the financial year 2023-24.
Tata Motors
Shares of Tata Motors Ltd are trading at a seven-year high, breaking out from the long consolidation phase of 18 months. The auto stock has surged 50% this year. According to brokerages, the stock is likely to see a further upside from the current levels.
Shriram Finance
Piramal Enterprises is likely to sell its entire stake of 8.34% in Shriram Finance through a block deal, according to reports.
HDFC
The Competition Commission of India (CCI) has given a go-ahead to the proposed acquisition of additional stake by Housing Development Finance Corporation (HDFC) in HDFC ERGO General Insurance.
Pidilite
Pidilite said it will manufacture Litokol and Tenax products from Italy in India. The state-of- the-art manufacturing facilities are located in Amod, Gujarat.
Gujarat Alkalies and Chemicals
Former finance secretary Hasmukh Adhia has been appointed Chairman of Gujarat Alkalies and Chemicals.
Bharti Airtel
Matter Motor Works and Bharti Airtel have announced a partnership to deploy Airtel’s IoT solution in Matter AERA, India’s first and only geared electric motorbike.
The equity market ended higher on Tuesday amid mixed global cues. Sensex rebounded over 525 points from day's low to settle at 63,327.70, up 159.40 points, or 0.25 per cent from the previous close. NSE's Nifty50 added 61.25 points, or 0.33 per cent, to end the session at 18,816.70.
Here’s a look at stocks that are likely to remain in news today.
HDFC AMC
Promoter group Abrdn has sold its entire stake in HDFC AMC via block deals on Tuesday.
Archean Chemicals
Norway-based Norges Bank has sold partial stake in Archean Chemicals through open market transactions on Tuesday.
Shilpa Medicare
The company's board to consider a proposal on June 23 for fund raising by way of rights issue of equity shares.
BEL
Bharat Electronics Ltd (BEL) has won orders worth Rs 5,900 crore in the financial year 2023-24.
Tata Motors
Shares of Tata Motors Ltd are trading at a seven-year high, breaking out from the long consolidation phase of 18 months. The auto stock has surged 50% this year. According to brokerages, the stock is likely to see a further upside from the current levels.
Shriram Finance
Piramal Enterprises is likely to sell its entire stake of 8.34% in Shriram Finance through a block deal, according to reports.
HDFC
The Competition Commission of India (CCI) has given a go-ahead to the proposed acquisition of additional stake by Housing Development Finance Corporation (HDFC) in HDFC ERGO General Insurance.
Pidilite
Pidilite said it will manufacture Litokol and Tenax products from Italy in India. The state-of- the-art manufacturing facilities are located in Amod, Gujarat.
Gujarat Alkalies and Chemicals
Former finance secretary Hasmukh Adhia has been appointed Chairman of Gujarat Alkalies and Chemicals.
Bharti Airtel
Matter Motor Works and Bharti Airtel have announced a partnership to deploy Airtel’s IoT solution in Matter AERA, India’s first and only geared electric motorbike.