Stock Market Snapshot 22 June 2024

Cipla: The USFDA has conducted an inspection at the Company’s manufacturing facility in Goa, India From 10th – 21st June 2024. On conclusion of the Inspection,the Company received 6 inspectional observations in Form 483.

JSW Energy: JSW Neo Energy Limited, a wholly­ owned subsidiary of the Company, has received a letter of award for ISTS connected Wind-Solar Hybrid Power Project of 300 MW from Solar Energy Corporation of India Limited.

TVS Motor has signed an agreement with CSC Grameen eStores for its commercial vehicle range (3-Wheelers). The partnership will enable CSC Village Level Entrepreneurs (VLEs) to serve as a touchpoint for TVS Motor’s commercial vehicles.

MCX: The Board of Directors of the Company have shortlisted the names of candidates for the post of MD & CEO. The Company will initiate seeking regulatory approvals for the appointment.

IREDA has successfully raised Rs 1,500 crore today through issuance of bonds. The bond issuance consisted of base issue of Rs 500 crore and green shoe option of Rs 1,000 crore.

S.P.Apparels has completed the acquisition of Entire shares (100%) of M/s. Young Brand Apparel Private Limited.

Maruti Suzuki India has expanded its popular FRONX Velocity Edition across the SUV’s 14 variants comprising 1.2L (Petrol and CNG) and 1.0L powertrain options with a choice of manual and automatic transmissions.

Laurus Labs: The credit rating for Short-term Bank facilities is reaffirmed at CARE A 1+. The rating for Long-term bank facilities is also reaffirmed at “CARE AA” and the outlook has been revised from “Stable” to “Negative”.

Blue Cloud Softech Solutions Ltd bags strategic ‘Digital Transformation’ project from Rachana Grammar High School, a reputed 25-year-old educational institution.

Rail Vikas Nigam bags an order of Rs 191.5 crore From SER HQ ELECTRICAL/SOUTH EASTERN RAILWAY.