Stocks To Watch On June 24: Domestic markets exhibited positive trends throughout the past week, marking their third consecutive week of growth. In today’s trade, shares of Adani Ports, Cipla, Prestige Estates, MCX, and Lupin among others will be in focus due to various news developments.
TVS Motors: TVS Motors has partnered with CSC Grameen e-Stores to expand its three-wheeler commercial vehicle range through village-level entrepreneurs.
Fertiliser stocks: The GST Council has forwarded a request to the Group of Ministers (GoM) on rate rationalisation to consider reducing the GST (Goods and Services Tax) on fertilisers.
IREDA: IREDA has successfully raised Rs 1,500 crore through bond issuance, including a green shoe option of Rs 1,000 crore.
MCX: MCX’s board has shortlisted candidates for its next Managing Director and CEO, pending regulatory approvals.
Pfizer: Pfizer Limited has received a penalty order of Rs 14.19 lakh from the Deputy Commissioner of State Tax in Dehradun for the financial year 2017-18.
Religare: Religare Enterprises has received an Order-In-Appeal imposing a penalty of Rs 15.64 crore from the Commissioner of Central Tax (Appeal-II), New Delhi, for the period FY 2007-08 to 2014-15.
SAIL: As an outlier in the public sector enterprise space, the country’s leading steel-producing company Steel Authority of India Limited (SAIL) is bringing in work flexibility and agility for over 55,000 employees.
Adani Ports: Adani Ports will enter the S&P BSE Sensex from today, while Wipro made an exit from the 30-stock index as part of the semi-annual rejig.
Lupin: Lupin received establishment inspection report (EIR) from the USFDA for its manufacturing facility in New Jersey with a voluntary action indicated.
Cipla: The US FDA has issued six inspectional observations in Form 483 for Cipla’s Goa manufacturing facility.
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