Latest news with #CSI30
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Business Standard
3 days ago
- Business
- Business Standard
Stocks to watch today, June 4: ABFRL, Indegene, YES Bank, Waaree Renewable
Stocks to Watch Today, Wednesday, June 4, 2025: Indian equity market eyes snapping a three-day losing streak on Wednesday as it extends its range-bound movement amid mixed global cues. GIFT Nifty hinted at a higher start for domestic stocks. The early indicator was up 44 points or 0.18 per cent at 24,719 as of 7:35 AM. Equity benchmark in Asia advanced, taking cues from Wall Street after a firm labour market report. Last checked, Japan's Nikkei was higher by 0.77 per cent while China's CSI 30 was up 0.3 per cent. South Korea's Kospi was up over 2 per cent after left-leaning maverick Lee Jae-myung won the presidential election. Stocks in the US shrugged off the OECD's cut in growth forecasts after an unexpected increase in job openings. The S&P 500 index rose by 0.58 per cent while the Dow Jones Industrial Average was up 0.51 per cent. Meanwhile, US President Donald Trump signed a directive formally raising the steel and aluminum tariffs to 50 per cent starting June 4. Meanwhile, below are some stocks to watch during today's session: Aditya Birla Fashion & Retail: Walmart-owned Flipkart is preparing to divest its entire 6 per cent holding in the company through a block deal valued at around ₹600 crore. The transaction, if completed, would mark a full exit for the e-commerce major from the Indian fashion retailer. Waaree Renewable Technologies: The company secured a solar project worth ₹345 crore in Rajasthan from a prominent domestic renewable energy generation company. It landed the engineering, procurement, and construction (EPC) order for a 300 MW AC (alternate current)/ 435 MW DC (direct current) ground-mounted solar photovoltaic project in Bikaner, Rajasthan. Wipro: The information technology (IT) major secured a multi-year deal with Entrust to provide strategic resources, scale, and agility to help accelerate its growth. Wipro will deploy Gen AI-powered solutions to redefine self-service, resulting in improved user experiences, swift query resolution, and reduced support response times. YES Bank: The lender's board approved a fundraise of up to ₹16,000 crore through a mix of equity and debt. The bank plans to raise ₹7,500 crore via equity issuance and ₹8,500 crore through debt securities. Indegene: An affiliate of US-based Carlyle, CA Dawn Investments, is expected to sell a 10.2 per cent stake in healthcare tech firm via block deals for ₹1,420 crore, according to reports. Zydus Lifesciences: The pharma major has announced its entry into the global biologics contract development and manufacturing organisation (CDMO) market with a planned acquisition of two manufacturing facilities from US-based Agenus for up to $125 million (around ₹1,070 crore). Paytm: Paytm Cloud Technologies (PCTL), a wholly owned subsidiary of One97 Communications (OCL), incorporated Paytm Singapore on Tuesday. PCTL's Board of Directors approved a subscription of SGD 250,000 (Singapore dollars) toward the acquisition of 25,000 equity shares of SGD 10 each at par in Paytm Singapore. Oil India: The government-owned firm commenced natural gas production from the Bakhri Tibba block, located in the desert belt near the India-Pakistan border in Rajasthan's Jaisalmer district. Quess Corp: The company is setting up a dedicated business line for global capability centres (GCCs) as it aims to expand its presence in high-margin businesses and capture a share of a market expected to be worth $105 billion by 2030. Sun Pharmaceutical Industries: The pharma company said that it will discontinue development of its experimental oral drug, SCD-044, following disappointing results in Phase 2 clinical trials for the treatment of moderate to severe psoriasis and atopic dermatitis (eczema). Kaynes Technology: The company proposed an additional investment of up to $8.8 million to acquire up to 8.71 million equity shares of Kaynes Holding Pte. Ltd, its wholly owned subsidiary, at an issue price of $1.01 per share.
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Business Standard
4 days ago
- Business
- Business Standard
Stocks to watch today, June 3: Adani Group, UBL, HCLTech, Glenmark Pharma
Stocks to Watch today: Adani Group stocks, United Breweries, HCL Tech, Glenmark Pharma, NTPC Green and Jindal Stainless are among the stocks to watch on Tuesday, June 3, 2025 Sai Aravindh Mumbai Stocks to Watch Today, Tuesday, June 3, 2025: Indian benchmark indices are likely to open flat with a slight positive tilt, continuing their consolidation phase amid renewed selling by foreign portfolio investors. GIFT Nifty hinted at a slightly higher start for domestic stocks. The early indicator was up 28 points or 0.12 per cent at 24,855 as of 7:20 AM. Stocks in Asia got off to a cautious start as investors remain on edge about whether the leaders of the two biggest economies will hold a conversation to calm trade tensions. Last checked, Japan's Nikkei was higher by 0.4 per cent while China's CSI 30 was up 0.3 per cent. According to reports, Beijing has yet to confirm whether Xi Jinping will participate in a call that the White House is hinting at for this week. This comes after the two countries accused each other of violating a trade agreement reached last month. Meanwhile, Wall Street ended higher as heavyweight tech stocks drove benchmarks higher. The S&P 500 index rose by 0.41 per cent while the Dow Jones Industrial Average was up 0.08 per cent. Back home, on Monday, the BSE Sensex settled 77.26 points or 0.09 per cent lower at 81,373.75, while the Nifty50 fell 34.10 points or 0.14 per cent to end at 24,716.6. FIIs sold shares worth ₹2,589.4 crore, while DIIs net bought equities worth ₹5,313.7 crore. Meanwhile, below are some stocks to watch during today's session: Adani Group stocks: Billionaire Gautam Adani's conglomerate has once again come under the crosshairs as its companies are under investigation by US prosecutors. The authorities are probing whether Adani's firms brought Iranian liquefied petroleum gas (LPG) into India via the Mundra port, which his company operates. The company 'categorically denies' any such wrongdoing. United Breweries: The beer maker has announced plans to wind up operations at its Mangalore brewery unit in Karnataka with effect from June 30, 2025. The move is part of a consolidation effort in its brewery operations, and the company plans to expand its Mysuru brewery. HCLTech: The information technology (IT) major announced a partnership with US software firm UiPath to accelerate AI-led agentic automation for the latter's customers globally. The company said the partnership will automate business processes with less need for human intervention. Glenmark Pharmaceuticals: The pharma company's arm, Ichnos Glenmark Innovation (IGI), shared encouraging early results from a new cancer drug being tested on patients with a difficult form of blood cancer. The drug, called ISB 2001, in a single treatment and has shown strong response rates in patients who have already undergone multiple prior therapies. NTPC Green: Honeywell announced a partnership with NTPC Green Energy to jointly explore producing sustainable aviation fuel (SAF) in India. The companies will explore the use of Honeywell's proprietary eFining technology to produce SAF from carbon dioxide (CO₂) feedstock captured from NTPC's power plants and green hydrogen. Jindal Stainless: The company said it has acquired a special purpose vehicle (SPV) to generate 282 megawatt (Mw) of hybrid renewable energy for the supply of clean energy to its manufacturing plants. The company has acquired a 33.64 per cent equity stake as of the date. Ashok Leyland: The flagship company of the Hinduja group has recorded a 5 per cent rise in its sales of trucks, buses and light commercial vehicles, in domestic and overseas markets in May, by selling 15,484 units. The cumulative sales till May during this fiscal remained flat at 28,905 units, as against 28,953 units sold in the same period (April-May) of last year. UCO Bank: The state-run lender appointed Sumit Khandelwal as its new chief financial officer (CFO) with immediate effect. Khandelwal, who previously served as the general manager and the zonal head of the bank's New Delhi zone, replaces Sujoy Dutta as CFO. Man Industries: The company has approved a proposal to raise up to ₹300 crore through a preferential allotment of convertible warrants and equity shares to the promoter group entity and non-promoters, respectively.
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Business Standard
5 days ago
- Business
- Business Standard
Stocks to watch today, June 2: Vi, Nykaa, IndiGo, Adani Energy, AstraZeneca
Stocks to Watch Today, Monday, June 2, 2025: Indian equity markets are poised for a muted start following three straight months of gains, even as US President Donald Trump's tariff news continues to make headlines. GIFT Nifty hinted at a muted start for domestic stocks. The early indicator of the Nifty 50 Index's performance in India was down 17 points or 0.07 per cent at 24,853 as of 7:20 AM. Most equity markets in Asia declined after Trump announced that he would increase tariffs on steel and aluminium to 50 per cent from 25 per cent. Last checked, Japan's Nikkei was lower by 1.4 per cent while China's CSI 30 was down 0.5 per cent. The stock market continues to experience volatility as China has now accused the US of violating its recent trade deal and stated that it will take measures to defend its interests. Meanwhile, Wall Street ended slightly lower on Friday amid renewed tariff tensions. The S&P 500 index fell by 0.01 per cent while the Dow Jones Industrial Average was up 0.13 per cent. Back home, on Friday, the BSE Sensex settled 182.01 points or 0.22 per cent lower at 81,451.01, while the Nifty50 fell 82.9 points or 0.33 per cent to end at 24,750.7. FIIs sold shares worth ₹6,449.7 crore, while DIIs net bought equities worth ₹9,095.9 crore. Meanwhile, below are some stocks to watch during today's session: Q4 earnings corner: Vodafone Idea: The telecom operator reported a net loss of ₹7,166 crore, narrowing 6.62 per cent in the fourth quarter (January–March) of FY25 from ₹7,674 crore in the corresponding quarter of the previous financial year, aided by lower expenses. On a sequential basis, however, the net loss widened by 8.42 per cent from ₹6,609 crore in the preceding quarter. FSN E-Commerce Ventures: The parent company of beauty retailer Nykaa reported a 193 per cent rise in consolidated net profit at ₹20.28 crore for Q4FY25, compared to ₹6.93 crore in the year-ago period. Revenue from operations rose 23.6 per cent year-on-year (Y-o-Y) to ₹2,062 crore in Q4FY25, from ₹1,668 crore in Q4FY24. Brightcom Group: The digital marketing and technology solutions provider said its consolidated profit jumped over threefold to ₹120.68 crore in the March quarter, compared to the year-ago period, mainly driven by higher revenues. Brightcom Group's operating income stood at ₹987.48 crore in Q4FY25, up from ₹704.60 crore. Apollo Hospitals: The company reported a consolidated net profit of ₹389.6 crore for the quarter ended Q4 FY25, marking a growth of nearly 54 per cent from ₹253.8 crore in the year-ago period. Sequentially, the company's profit remained largely flat, recording a 4.65 per cent increase. Coffee Day Enterprises: The company reported a consolidated net loss of ₹114.16 crore for the quarter ended Q4 FY25, against a ₹296.40 crore loss in the year-ago period. Sequentially, the company reported a loss of ₹296.40 crore in the December quarter. AstraZeneca Pharma: The pharma major reported a 48 per cent rise in consolidated net profit for the fourth quarter ended 31 March to ₹58.25 crore. Total revenue from operations stood at ₹480.48 crore, up 25.3 per cent year-on-year. Puravankara: The Bengaluru-headquartered real estate major saw its consolidated losses widen to ₹88 crore in the fourth quarter ended March 2025, from a loss of ₹6.71 crore in the same quarter last financial year. Revenue from operations for the quarter declined 40.4 per cent to ₹563.7 crore. Other stocks in news: Metal stocks: Indian steel and aluminum stocks will be in focus after President Donald Trump said he would be increasing tariffs to 50 per cent from 25 per cent. The new rates would become effective Wednesday, June 4. IndiGo: India's largest airline announced placing an order for another 30 wide-body A350 planes with Airbus, taking the total number of such aircraft to 60. In April last year, the airline placed a firm order for 30 A350 aircraft, and there was an option to order 70 more such planes. Adani Energy Solutions: Billionaire Gautam Adani-controlled firm approved raising ₹4,300 crore via a stake sale. The company has secured a ₹1,660 crore inter-state transmission project in Maharashtra, strengthening its presence in the sector. Infosys: The information technology major's business process management arm, Infosys BPM, launched AI agents for invoice processing in its Accounts Payable on Cloud solution, powered by Infosys Topaz, transforming traditional human-driven processes. Cipla: The pharma major announced that the United States Food and Drugs Administration (USFDA) conducted a cGMP inspection at its Bommasandra facility from 26–30 May 2025, issuing one Form 483 observation, which is said to be promptly addressed. Indian Oil Corp: The company has finalised the Levelized Cost of Hydrogen for a 10,000 TPA green hydrogen unit at Panipat Refinery, marking India's largest such project. Commissioning is set for December 2027, supporting India's Net Zero goals.
