Domestic stock indices hit new highs last week despite global inflation worries. Today, several companies will be in focus due to recent developments.
JSW Infrastructure
JSW Infrastructure Ltd indicated continued interest in the Tajpur deep sea port project in West Bengal. The company is open to revisiting its strategy for this major project.
Stanley Lifestyles
Morgan Stanley, a leading investment firm, acquired 3.7 lakh shares in Stanley Lifestyles for about Rs 16.7 crore. Stanley Lifestyles made its market debut on Friday.
SAMHI Hotels
SAMHI Hotels saw significant block deals on Friday, with Morgan Stanley Asia Singapore Pte and Abu Dhabi Investment Authority (ADIA) buying shares worth nearly Rs 58 crore and Rs 21 crore, respectively.
IREDA
In its first-quarter update, IREDA reported that loans sanctioned were Rs 9,136 crore, with loan disbursements up 67% to Rs 5,320 crore.
Signature Global
Signature Global secured sales worth Rs 2,700 crore for its residential project, Titanium SPR, in Gurugram.
Spandana Spoorthy
Spandana Spoorthy received a request from outgoing promoter Padmaja Gangireddy to reclassify from the Promoter category to the Public category, following compliance with shareholding conditions.
Zydus Life
Zydus Life has partnered with Dr Reddy’s to co-market Pertuzumab, a biosimilar for breast cancer treatment.
GAIL
GAIL advanced its net zero target for Scope-1 and Scope-2 greenhouse gas emissions to 2035 from the previous target of 2040.
Bank Of Baroda
The board of Bank Of Baroda will meet on July 5 to consider a capital plan for FY25. This plan includes raising funds through additional tier 1 and tier 2 debt capital instruments with an interchangeability option.
Orchid Pharma
Orchid Pharma has partnered with Cipla to launch the antibiotic Cefepime-Tazobactam in India.
These developments are likely to impact the stock prices and trading activity for these companies in today’s market.
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