The GIFT Nifty futures, which is an early indicator of the Nifty50 index stocks, was trading lower by 203 points at 24,734 indicating that the domestic benchmark indices are likely to make a negative start on Friday.
Earlier on Thursday, 12 June, Domestic benchmark indices S&P BSE Sensex gained by 123 points or 0.15% and settled at 82,515 while the Nifty50 traded 0.15% higher or 37 points, closing at 25,141.Β
Here are some stocks that are likely to remain in focus on 12 June.
Torrent Power: Torrent Power won the bid for a 300 megawatt (MW) wind power project awarded by the Solar Energy Corporation of India (SECI). Its wholly owned subsidiary, Torrent Green Energy, will develop the wind plant, which is expected to become operational within 24 months of signing the Power Purchase Agreement.
Crompton Greaves: The company has announced securing a Letter of Award (LoA) from the Maharashtra Energy Department Agency for the design, manufacture, supply, transport, installation, testing and commissioning of 4500 Off-grid Solar Photovoltaic Water Pumping Systems.Β
DCM Shriram: The Board of Directors of the company has approved the acquire Hindusthan Specialty Chemicals for a total consideration of Rs 375 crore. This acquisition marks its entry into the advanced materials segment.
ONGC: Oil and Natural Gas Corporation (ONGC) reported that gas began gushing out from Well No. RDS-147 at its Rudrasagar field in Assamβs Sivasagar district on Thursday around 11:45 AM. The incident occurred during servicing operations at the site.
ICRA: The company has signed a definitive agreement to acquire Bengaluru-based risk and reporting solutions provider Fintellix. As per its exchange filing, ICRA will purchase a 100% stake in the company for $26 million (INR equivalent) through a secondary transaction, subject to adjustments and conditions laid out in the Share Purchase Agreement.
SEPC: The company has secured a Rs 650 crore solar EPC contract under the PM-KUSUM scheme from Parmeshi Urja Ltd, a subsidiary of India Power. The project involves setting up a 133 MW solar installation across four districts in Maharashtra and is scheduled for completion within 12 to 18 months.
Talbros Automotive: Talbros Automotive Components, along with its joint ventures, has secured Rs 580 crore worth of multi-year orders across the EV, export, and domestic markets. This includes Rs 260 crore from the sealing segment, Rs 150 crore from exports (primarily to Europe) and Rs 80 crore for forgings.
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