Stock Market Snapshot 24 June 2024

Marico has announced the launch of Saffola Muesli With Flavour Pops, aiming to leverage the brand’s Equity in the adult breakfast segment.

The Power Transmission & Distribution (PT&D) Vertical of Larsen & Toubro (L&T) has won a Domestic order to build a grid-connected 185MW .

Solar PV Plant along with a Battery Energy Storage System (BESS) having multitudes of MWh capacity.

State Bank of India likely is planning to open 400 branches across the country in the current financial Year.

City Gas Distributions (CGDs) increase CNG prices by Rs. 1-1.50 almost pan India effective today. IGL raises CNG price by Rs.1.

The Securities and Exchange Board of India is investigating Quant Mutual Fund for alleged irregularities in investment-related activities by managers.

Adani Enterprises: The Adani Group likely plans to invest Rs. 250-275 billion to set up its first pumped storage hydropower facility.

Mahindra & Mahindra: Mitsubishi UFJ Financial Group has sold 2.10% stake in Mahindra & Mahindra held through its subsidiaries. The company now holds 4.43% indirect stake in the automaker.

S&P Global Ratings has revised the credit rating outlook of Samvardhana Motherson Automotive Systems Group B.V., a wholly owned subsidiary of the Company,to ‘positive’ from ‘stable’ and affirmed ‘BB’ long-term issuer credit and issue ratings.

Sun Pharmaceutical lndustrie’s phase one results Of GL0034 (Utreglutide) showed significant weightLoss, gluco-metabolic, and lipid lowering efficacy in individuals with obesity.

Biocon Limited USFDA concluded a GMP inspection of company’s API facility (Site 5), Located at Visakhapatnam,Andhra Pradesh. Four Observations were cited at the end of the Inspection.

Prestige Estates: The Board has approved monetization of assets of the Hospitality segment through Prestige Hospitality Ventures Ltd (wholly Owned subsidiary) by way of issue of shares (through primary or secondary) subject to approval of shareholders.

Prestige Estates: The Board has approved raising of funds by way of issuance of equity shares or other A eligible securities for an aggregate amount not Exceeding Rs 5,000 crores.

Bank of Baroda: The Board to consider and approve raising of Long Term Bonds for financing of Infrastructure and affordable housing on 5th July 2024.

Welspun Specialty Solutions has been notified as L1 bidder by BHEL for supply of Seamless stainless steel Boiler Tubes for NTPC Talcher 2 x 660 MW Super critical Thermal Power Project. The total supply contract value will be Rs 117 crores (including GST).

Genesys International, an advanced mapping company has announced the launch of India’s first Al-powered navigation map specifically designed for the automotive and mobility markets.