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Stocks in Focus: Tata Power, Glenmark Pharma, and Others

Stocks in Focus: RailTel Corp, Reliance Industries, and Others - EP
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The GIFT Nifty futures, which is an early indicator of the Nifty50 index stocks, was trading higher by 63 points at 25,245 indicating that the domestic benchmark indices are likely to make a positive start on Tuesday.

Earlier on Monday, 9 June, Domestic benchmark indices S&P BSE Sensex surged by 256 points or 0.31% and settled at 82,445 while the Nifty50 traded 0.40% higher by 100 points, settling at 25,103.

Here are some stocks that are likely to remain in focus on 10 June.

Tata Power: Tata Power announced that its manufacturing arm, TP Solar, has surpassed 4 GW in solar module production at its Tamil Nadu facility. As of 31 May 2025, the plant has cumulatively manufactured 4,049 MW of solar modules and 1,441 MW of solar cells.

Glenmark Pharma: Glenmark Pharmaceuticals is set to launch Zanubrutinib in India under the brand name β€˜Brukinsa’ after securing approval from the Drugs Controller General of India (DCGI). The company plans to announce the launch date in the coming months, positioning the drug as a significant advancement in treating certain blood cancers.

Zomato: Eternal, the parent company of Zomato, has introduced a new long-distance fee for restaurant partners on orders exceeding 4 km. In an email to its partners, the company said the move aims to boost profitability and increase payouts to delivery personnel.

Zee Entertainment: ZEEL has entered into a strategic equity partnership with Bullet, a content and tech start-up co-founded by entrepreneurs Azim Lalani and Saurabh Kushwah. Zee acquired a stake in Bullet for an undisclosed amount. This marks Zee’s first partnership since its transition into a content and technology-driven company last month.

Mahindra and Mahindra: M&M has raised its stake in Mahindra & Mahindra Financial Services (MMFSL), its listed non-banking finance arm, through the allotment of equity shares under MMFSL’s recent rights issue.

NIBE: Nibe has signed a Licensing Agreement with the Defence Research and Development Organisation (DRDO), Ministry of Defence, to manufacture and sell modular bridging systems ranging from 14m to 46m in length. The agreement grants Nibe exclusive rights for 10 years to produce and supply this critical infrastructure to the Indian Armed Forces and specified government agencies within licensed regions.

ITD Cementation India: ITD Cementation India has secured a Rs 893 crore contract to construct a berth and breakwater as part of the greenfield captive jetty development project in Odisha.

Protean eGov Technologies: The company has secured a work order worth approximately Rs 100 crore from the Bima Sugam India Federation (BSIF). As the designated technology solution provider, the company will oversee the complete development, integration, support, and maintenance of the Bima Sugam Marketplace platform.

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