Market Movers: Reliance Industries, Vodafone, Dr Reddy's and More
Indian benchmark indices scaled new highs on Wednesday, with BSE Sensex rallying 620.73 points to end at 78,674.25. Here are the stocks that may remain under spotlight before the opening bell on Thursday.
Stock MarketIndian Benchmark IndicesReliance IndustriesVodafoneDr ReddysAdani PortsCsb BankBharti AirtelReal EstateJun 27, 2024
Here are the stocks that may remain under spotlight before the opening bell on Thursday, June 27, 2024
Reliance Industries, the oil-to-telecom-to-retail giant, has acquired 14.4 MHz spectrum in the 1,800 MHz frequency band for Rs 973.62 crore through its subsidiary Reliance Jio.
Archean Chemical Industries is likely to see a 10.13 per cent stake sale by India Resurgence Fund – Scheme I and Scheme II and Piramal Natural Resources, with a floor price set at Rs 655 per share and a deal size of Rs 818.7 crore.
CSB Bank's promoter, FIH Mauritius Investments, is likely to sell a 9.72 per cent stake via a block deal, raising Rs 595 crore at a floor price of Rs 352.4 apiece.
Dr Reddy’s Laboratories has entered into a definitive agreement with Haleon plc and its associate companies to acquire Nicotinell and related brands through its subsidiary Dr Reddy’s Laboratories SA, Switzerland.
Bharti Airtel has acquired 97 MHz spectrum in 900 MHz, 1,800 MHz, and 2,100 MHz frequency bands through the auction for Rs 6,857 crore.
Adani Ports and Special Economic Zone has seen its outlook upgraded to Positive from Stable by S&P Global Ratings, with ratings reaffirmed at BBB minus.
PTC India Financial Services has received RBI approval for the appointment of R Balaji as MD & CEO, effective June 26.
PI Industries has announced an offer to acquire Plant Health Care Plc for 32.8 million euros, with a strategic objective to build a differentiated portfolio of integrated solutions for sustainable agriculture.
Vodafone Idea has acquired 30 MHz spectrum in 900 MHz, 1800 MHz & 2500 MHz frequency bands for Rs 3,510 crore.
Rail Vikas Nigam's KRDCL-RVNL joint venture has received a Letter of Acceptance from Southern Railway for a project worth Rs 156.47 crore, involving the provision of automatic signaling on the Ernakulam JN (ERS) - Vallattol Nagar (VTK) section on the B-Route of Thiruvananthapuram division in Southern Railway.
SJVN has signed a Memorandum of Understanding (MoU) with AM Green Ammonia (India) for green ammonia plants through its wholly owned subsidiary SJVN Green Energy.
Other stocks that may be in focus include EMS, JSW Energy, Godrej Properties, Ramky Infrastructure, Supreme Industries, KEC International, ITD Cementation India, and Muthoot Microfin.
Disclaimer This article provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Frequently Asked Questions
What was the closing value of BSE Sensex on Wednesday?
The BSE Sensex rallied 620.73 points, or 0.80 per cent to end at 78,674.25.
Which company acquired 14.4 MHz spectrum in the 1,800 MHz frequency band?
Reliance Industries acquired 14.4 MHz spectrum in the 1,800 MHz frequency band for Rs 973.62 crore through its subsidiary Reliance Jio.
What is the deal size of Archean Chemical Industries' stake sale?
The deal size of Archean Chemical Industries' stake sale is Rs 818.7 crore, with a floor price set at Rs 655 per share.
Who is the MD & CEO of PTC India Financial Services?
R Balaji is the MD & CEO of PTC India Financial Services, effective June 26.
What is the value of Vodafone Idea's spectrum acquisition?
Vodafone Idea has acquired 30 MHz spectrum in 900 MHz, 1800 MHz & 2500 MHz frequency bands for Rs 3,510 crore.
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