9 June 23
FII & DII DATA
FII Net SELL- 308.97cr
DII Net BUY - 1,245.51cr
12 June 2023
Stocks Related News
Cochin Shipyard
The defence PSU has emerged as the lowest bidder by the Indian Navy for MR/mid life upgrade of an Indian Naval Ship. The estimated cost of the project is around Rs 300 crore, and the duration is roughly 24 months.
Interglobe Aviation
The airlines have expanded its codeshare partnership with Turkish Airlines for the United States. Indian travellers can now travel to New York, Boston, Chicago and Washington staring from June 15, 2023.
Tata Motors
HSBC said it has partnered with the auto major to provide a corporate employee financing solution. The move is aimed to accelerate the adoption of zero-emission electric vehicles.
Allcargo Logistics
The integrated logistics player company announced that it has completed the acquisition of a 30 percent stake or 1.5 lakh equity shares of Gati‐Kintetsu Express (GKEPL) for a total of Rs 406.7 crore. The company and its subsidiary Gati together hold a 100 percent stake in Gati‐Kintetsu Express.
TVS Motor Company
The auto major's Singapore-based arm acquired an additional 25 percent stake in Switzerland-based Swiss E-Mobility Group. SEMG is now a wholly owned subsidiary of the company. Additionally, company's step-down subsidiary TVS Credit Services raised equity capital of Rs 480 crore from Premji Invest. Premji Invest will buy additional equity shares worth Rs 257 crore, and will hold 9.7 percent stake
Brighton Group
The company sees the profit at Rs 1,659.1 –1,744.2 crore for the financial year FY24. The revenue is seen at Rs 9,196.03-9,667.63 crore, while EBITDA is seem at Rs 2,668.91 – 2,805.78 crore. EPS is seen at Rs 8.22 -8.64 crore.
Jupiter Wagons
The NCLT Kolkata approved the company's resolution plan to acquire controlling stake of Stone India under Corporate Insolvency Resolution Process of Insolvency and Bankruptcy Code 2016.
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