Stock Market Snapshot 06 June 2024

Dixon Technologies has entered into a Term Sheet With HKC Corporation Limited to form a Joint -Modules.

Persistent Systems announced the launch of GenAI Hub, an innovative platform designed to accelerate the creation and deployment of Generative Al (GenAI) applications within enterprises.

Mphasis serves as a strategic partner of Pega, Offering extensive Insurance-centric Pega expertise To build solution offerings adhering to industry best Practices, regulations, and standards.

National Company Law Tribunal has admitted the State Bank Of India’s petition to start personal Insolvency resolution proceedings against Rajkumar Nandlal Dhoot, promoter and co-owner of Videocon group,for recovery of Rs 53.54 billion.

State Bank Of India likely has granted its consent to Vedanta’s proposed demerger that will separate its existing businesses into six independent pure-play companies.

Wipro Ltd has successfully completed over 2,000 Client proofs of concept in artificial intelligence, with An additional 300 underway.

Godrej Properties has sold a 5% stake in Godrej Green Homes to Godrej Fund Management And Investment Advisors for Rs 467 million.

Force Motors: Total vehicle sales in May at 2,592 units vs 2,609 units YoY.

Bharat Heavy Electricals Ltd has received an order from Adani Power Ltd. (APL) for setting up the 2x800 MW TPP at Raipur, Chhattisgarh.

Heritage Foods unveils Truly Good Pure Ghee Laddus and Alpenvie Kids’ Ice Cream range on its 33rd Foundation Day.

Bharat Heavy Electricals Ltd has received an order From Mirzapur Thermal Energy (UP) Pvt Ltd for 2x800 MW thermal power project at Mirzapur Phase I, Uttar Pradesh.

KP Green Engineering has bagged new orders from multiple clients amounting to Rs 351.35 crores.

UNO Minda has entered into a Technical License Agreement with Suzhou lnovance Automotive Co., Ltd., China for manufacture and sale of select high voltage category electric vehicle products for passenger vehicle and commercial vehicle in India.

NBCC (India) has bagged 13 order of a combined value of Rs 491.5 crore in recent times.

Century Textiles inks joint venture with Barmalt India Pvt Ltd to develop 13.27-acre land parcel for a Luxury residential group housing at a marquee Location in Gurugram. The project will have a revenue potential of Rs 5,000 crore.

Sterlite Tech: The employment of Mr. Paul Atkinson, CEO STL – Optical Networking Business was terminated at the initiative of the Company on June 5, 2024. Mr. Ankit Agarwal, MD STL will take up the additional role of heading the Optical Networking Business.

Indian Energy Exchange has achieved monthly overall volume of 10,633 MU, in May’24, marking a 28.9% YoY increase. The electricity volumes at 9,568 MU, increased 21% YoY. The renewable energy certificates (REC) at 1,055 MU, increased 640.3% YoY. At Rs 165 per certificate, the REC market recorded an all-time low price in the trading session held on 29th May 2024 .

Hindustan Aeronautics: Mr. S. Somanath, Chairman, ISRO inaugurated state-of-the-art Propellant Tank Production and CNC Machining facilities at HAL’s Aerospace Division.

RVNL emerges as the L1 Bidder (Rs 124 crore) from Dakshin Haryana Bijli Vitran Nigam Ltd for “Implementation of SCADA and OMS/OMS works in Gurugram Revamped Distribution Sector Scheme in Dakshin Haryana Bijli Vitran Nigam”.

Torrent Pharmaceuticals has entered into a non­ exclusive patent licensing agreement with Takeda to Commercialize Vonoprazan in India. Vonoprozan is a Novel potassium-competitive acid blocker (P-CAB), used for the treatment of acid related disorders.

RVNL bags an order of Rs 391 crore from Eastern Railway for “Construction of Sitarampur bye pass Line under Asansol Division of Eastern Railway”.

Intellect Design Arena: Intellect Global Consumer Banking launches eMACH.ai Digital Engagement Platform (eMACH.ai DEP) – the only codeless engagement banking platform in the world.

Trident: A massive fire accident occurred at Dhaula facility of the Company (consisting of Textiles and Paper Manufacturing units). Due to the said Accident the operations are disrupted at the Dhaula facility.