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India Today
19 hours ago
- Business
- India Today
Stocks to watch on June 10: Wipro, Tech Mahindra, Motilal Oswal, Premier Energies
Markets started the new week on a positive note, continuing Friday's gains. Sensex and Nifty rose nearly half a percent, driven by favourable trends in both domestic and global are hopeful that the rally will continue. As trading resumes on June 10, here are some of the key stocks to keep an eye on:PROTEAN EGOV TECHNOLOGIESProtean eGov Technologies has bagged a work order worth around Rs 100 crore from the Bima Sugam India Federation (BSIF). The order involves complete development, running, and maintenance of the Bima Sugam Marketplace. The company will also handle all platform integrations and marketplace-related protocols. This is expected to be a major step for Protean in the digital insurance services came into focus after a large block deal. The Azim Premji Trust, which is the promoter entity, sold 20.23 crore shares of the company. The total value of the deal stood at Rs 5,057 crore. This major transaction may impact the stock price in the short ENERGIESAccording to a CNBC-TV18 report, South Asia Growth Fund II Holdings is likely to offload 2.5 crore equity shares of Premier Energies through a block deal. This represents around 5.5% of the company's paid-up capital. The floor price for the sale is expected to be Rs 1,051.50 per OSWAL FINANCIAL SERVICES (MOFSL)Sebi has imposed a fine of Rs 3 lakh on Motilal Oswal Financial Services for breaking certain rules. This penalty follows an investigation into the firm's conduct in capital market operations. The exact nature of the violation has not been disclosed, but this development could attract some investor MAHINDRATech Mahindra announced that Lakshmanan Chidambaram, President of Tech Mahindra Americas – strategic vertical business, will retire on June 30. His exit may affect investor sentiment, especially in the company's US-based GLOBAL CAPITALCapri Global Capital opened its Qualified Institutions Placement (QIP) for subscription on June 9. The floor price is set at Rs 153.93 per share. Reports suggest that the QIP size could go up to Rs 2,000 crore, including a Rs 500 crore upsize option. This move is aimed at raising capital to support business SMALL FINANCE BANKJana Small Finance Bank has applied to the Reserve Bank of India to convert itself into a universal bank. If approved, this would allow the bank to offer a wider range of services. The decision is seen as a step forward in the bank's growth REALTYPankaj Gupta has stepped down as CEO of the Commercial Real Estate division of Oberoi Realty. His resignation took effect on June 9. The company has not announced a replacement PHARMA INDIASanjeev Kumar Panchal, the Managing Director of AstraZeneca Pharma India, has resigned. His last working day will be June 30. AstraZeneca is expected to begin the process of finding a new MD MOTORSForce Motors saw a top-level change as its CFO, Sanjay Kumar Bohra, resigned on June 9. The company has appointed Rishi Luharuka as the new Chief Financial Officer starting June 10. This leadership change may lead to new strategies in the company's financial planning. advertisement
News18
a day ago
- Business
- News18
Stocks To Watch: Wipro, Tata Power, Jana SFB, Tech Mahindra, Zomato, And Others
Last Updated: Stocks to watch: Shares of firms like Wipro, Tata Power, Jana SFB, Tech Mahindra, Zomato, and others will be in focus on Tuesday's trade Stocks to Watch on June 10, 2025: Markets started the week on a strong footing, extending Friday's rally and gaining nearly half a percent. In today's session, stocks like Wipro, Motilal Oswal, Jana Small Finance Bank (SFB), Force Motors, and Tech Mahindra will be in focus amid key developments. Wipro Promoter entity Azim Premji Trust has sold 20.23 crore shares of Wipro worth Rs 5,057 crore through a block deal. Motilal Oswal The Securities and Exchange Board of India (SEBI) has imposed a Rs 3 lakh fine on Motilal Oswal Financial Services (MOFSL) for regulatory violations. Tech Mahindra Lakshmanan Chidambaram, President of Tech Mahindra Americas' strategic vertical business, has announced his retirement effective June 30. Zomato Parent company Eternal has introduced a new long-distance fee for restaurant partners on orders beyond 4 km, aimed at enhancing profitability and improving delivery partner payouts. Tata Power Tata Power announced that its subsidiary, TP Solar, has surpassed 4 GW of solar module output at its Tamil Nadu plant, producing a cumulative 4,049 MW of solar modules and 1,441 MW of solar cells as of May 31, 2025. Zee Entertainment has entered into a strategic equity partnership with start-up Bullet, co-founded by Azim Lalani and Saurabh Kushwah. This marks Zee's first investment since its shift to a content and technology company. Glenmark Pharmaceuticals Glenmark is preparing to launch Zanubrutinib, branded as 'Brukinsa,' in India after receiving approval from the Drugs Controller General of India (DCGI). The drug is a significant advancement in treating certain blood cancers. Mahindra & Mahindra Mahindra & Mahindra has increased its stake in Mahindra & Mahindra Financial Services (MMFSL) through the allotment of shares in MMFSL's rights issue. Jana Small Finance Bank Jana SFB has filed an application with the Reserve Bank of India (RBI) to transition from a small finance bank to a universal bank, in line with RBI's licensing guidelines. Vishnu Prakash R Punglia (VPRPL) CARE Ratings has downgraded VPRPL's ratings and outlook on its short and long-term bank facilities, revising the long-term rating to CARE BBB with a negative outlook from CARE BBB+ with a stable outlook. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. First Published: June 10, 2025, 07:41 IST
