Stocks in News: Tech Mahindra, Lemon Tree, Sula Vineyards, Punjab & Sind Bank, D-link India


The Nifty futures contract traded on the Singapore Exchange indicates a muted start to domestic equities. The contract was trading at 18,816.50, up 4.5 points or 0.02% from the previous close.

Here’s a slew of stocks that will be in focus today for various reasons

Titagarh Wagons
The Board of Titagarh Wagons is scheduled to meet on June 10 to consider and approve a proposal to raise funds by issue equity of shares or other securities including through preferential issue.

Lemon Tree Hotels
The company has signed a license agreement for a 60 room property in Rajahmundry, Andhra Pradesh. The hotel is expected to be operational by Q3 of FY25.

Sula Vineyards
Sula Vineyards announced the signing on of a new CFO, and the launch of three new luxury villas at their iconic Beyond resort in Nasik.

Hatsun Agro
Hatsun Agro Board to meet on July 5 for the sale of the windmill division of the company by way of transfer of all the assets and liabilities related to that on a slump sale basis.

Wipro and Cisco launch managed private 5G-as-a-service solutions to accelerate enterprise digital transformation.

Tata Elxsi
Tata Elxsi has partnered with Indian Space Research Organization (ISRO) to enable the upcoming Gaganyaan Mission. Tata Elxsi has designed and developed Crew Module Recovery Models (CMRM) for recovery team training of the space mission.

Punjab & Sind Bank
The Board of the Bank is scheduled to meet on June 12 to consider the proposal for raising of capital through issuance of Basel-111 compliant Additional Tier-1 Bonds or Tier-IT Bonds up to Rs 750 crore, in one or more tranches within a period of 12 months.

Zydus Life
Zydus Lifesciences has received final approval from the United States Food and Drug Administration (USFDA) for Tadalafil Tablets.

D-link India
Ace investor Ashish Kacholia has offloaded a partial stake in smallcap company D-link India through open market transactions on Wednesday.

Tech Mahindra
Life Insurance Corp (LIC), one of the biggest domestic institutional investors in India, has increased its stake in IT services company Tech Mahindra.

Source: Economic Times