Stocks to watch on June 6: IREDA, Coal India, NTPC Green Energy, SpiceJet
NTPC Green Energy starts 110.25 MW Khavda-I Solar PV project. Stock market rises on RBI rate cut hopes for June 6
NCLT asks SpiceJet lessors to submit valid Power of Attorney
NTPC Green Energy starts Khavda-I Solar PV project operations
The stock market has ended higher with gains in the past two sessions, as investors anticipate a potential rate cut by the Reserve Bank of India (RBI) on June 6. Several stocks are being closely monitored, as they could be impacted by the announcememt of RBI's monetary policy committee decision.
SpiceJet
The National Company Law Tribunal (NCLT) has directed three aircraft lessors of SpiceJet to file a valid Power of Attorney. This development comes amid ongoing financial challenges faced by the low-cost carrier.
NTPC Green Energy
NTPC Green Energy has commenced operations of the first part of its Khavda-I Solar PV project, with a capacity of 110.25 MW. This is part of a larger initiative by its subsidiary, NTPC Renewable Energy.
JSW Energy
JSW Energy has successfully commissioned a renewable energy project in Maharashtra, comprising 215 MW of solar capacity and 66 MW of wind capacity, totaling 281 MW. This move marks a significant step in expanding the company's renewable energy footprint.
Dr Reddy's Laboratories
Dr Reddy's Laboratories has entered into a collaboration with Alvotech, an Ireland-based biotech company, to co-develop, manufacture, and commercialize a biosimilar version of the cancer drug Keytruda for global markets. This partnership could position Dr Reddy's as a significant player in the biosimilars market.
ICICI Prudential Life Insurance
ICICI Prudential Life Insurance reported that it disbursed over Rs 900 crore as loans against traditional policies to more than 42,700 customers during the fiscal year 2024-25. This indicates robust activity in the policy loans segment.
IREDA
The Indian Renewable Energy Development Agency (IREDA) has launched a Qualified Institutional Placement (QIP) with a floor price set at Rs 173.83 per share. The company may offer up to a 5% discount on the floor price as part of this fundraising initiative.
Coal India
Coal India has signed a non-binding Memorandum of Understanding with the Indian Port Rail and Ropeway Corporation to develop rail infrastructure. This agreement aims to enhance Coal India's logistics and transportation capabilities.
Bajaj Finserv
Promoters Bajaj Holdings and Jamnalal Sons are reportedly considering selling up to a 1.94% stake in Bajaj Finserv through block deals. This development is being closely monitored by market participants.
Ashoka Buildcon
Ashoka Buildcon has secured a Letter of Intent worth Rs 1,390 crore from the Motors Vehicles Department, Maharashtra. This contract underscores the company's significant presence in infrastructure development.
The stock market has ended higher with gains in the past two sessions, as investors anticipate a potential rate cut by the Reserve Bank of India (RBI) on June 6. Several stocks are being closely monitored, as they could be impacted by the announcememt of RBI's monetary policy committee decision.
SpiceJet
The National Company Law Tribunal (NCLT) has directed three aircraft lessors of SpiceJet to file a valid Power of Attorney. This development comes amid ongoing financial challenges faced by the low-cost carrier.
NTPC Green Energy
NTPC Green Energy has commenced operations of the first part of its Khavda-I Solar PV project, with a capacity of 110.25 MW. This is part of a larger initiative by its subsidiary, NTPC Renewable Energy.
JSW Energy
JSW Energy has successfully commissioned a renewable energy project in Maharashtra, comprising 215 MW of solar capacity and 66 MW of wind capacity, totaling 281 MW. This move marks a significant step in expanding the company's renewable energy footprint.
Dr Reddy's Laboratories
Dr Reddy's Laboratories has entered into a collaboration with Alvotech, an Ireland-based biotech company, to co-develop, manufacture, and commercialize a biosimilar version of the cancer drug Keytruda for global markets. This partnership could position Dr Reddy's as a significant player in the biosimilars market.
ICICI Prudential Life Insurance
ICICI Prudential Life Insurance reported that it disbursed over Rs 900 crore as loans against traditional policies to more than 42,700 customers during the fiscal year 2024-25. This indicates robust activity in the policy loans segment.
IREDA
The Indian Renewable Energy Development Agency (IREDA) has launched a Qualified Institutional Placement (QIP) with a floor price set at Rs 173.83 per share. The company may offer up to a 5% discount on the floor price as part of this fundraising initiative.
Coal India
Coal India has signed a non-binding Memorandum of Understanding with the Indian Port Rail and Ropeway Corporation to develop rail infrastructure. This agreement aims to enhance Coal India's logistics and transportation capabilities.
Bajaj Finserv
Promoters Bajaj Holdings and Jamnalal Sons are reportedly considering selling up to a 1.94% stake in Bajaj Finserv through block deals. This development is being closely monitored by market participants.
Ashoka Buildcon
Ashoka Buildcon has secured a Letter of Intent worth Rs 1,390 crore from the Motors Vehicles Department, Maharashtra. This contract underscores the company's significant presence in infrastructure development. Join our WhatsApp Channel
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