Market Commentary     05-Jun-24
Stock Alert
Stock alert: SBI, Bharat Forge, Hindalco, Wipro, Jindal Stainless
State Bank of India board will meet on June 11th to consider long-term fund raising in single/multiple tranches of up to $3 billion through a public offer or private placement of senior unsecured notes in US Dollar or any other major foreign currency during FY 2024-25.

Bharat Forge will be in focus. Class 8 truck orders in North America increased by 39% year-on-year and 35% on a month-on-month basis in May to 18,900 units.

Hindustan Aeronautics said the Sukhoi 30 MKI aircraft crashed Tuesday while on a test sortie from the company's Nashik Division. Both pilots ejected safely; a technical snag was reported by the pilots.

Hindalco Industries' US subsidiary Novelis said early on Wednesday that it plans to postpone its $945 million initial public offering, citing 'market conditions'.

Wipro announced that it has partnered with Zscaler to introduce Wipro Cyber X-Ray, an AI-assisted decision support platform.

Tata Motors incorporated the wholly owned unit TML Commercial Vehicles as part of the proposed demerger.

Jindal Stainless acquired a 100% stake in Evergreat International Investment.

Container Corporation of India signed a MoU with Shipping Corporation of India to provide end-to-end logistics solutions.

NLC India will consider raising a foreign currency loan of up to $600 million on June 10.

Shilpa Medicare's wholly owned subsidiary filed its first drug master file of recombinant human albumin 20% with the USFDA.

Previous News
  State Bank of India slips for fifth straight session
 ( Hot Pursuit - 06-Mar-26   13:35 )
  Stock Alert: Bharat Forge, Gujarat Gas, GE Shipping, Neogen Chemical
 ( Market Commentary - Stock Alert 05-Mar-26   07:48 )
  State Bank of India DMD Nitin Chugh's tenure ends
 ( Hot Pursuit - 04-Mar-26   10:41 )
  NLC India Ltd down for fifth straight session
 ( Hot Pursuit - 02-Mar-26   13:35 )
  Nifty March futures trade at premium
 ( Market Commentary - Futures Market 25-Feb-26   16:18 )
  NLC India raises Rs 300 cr via commercial paper issuance
 ( Corporate News - 20-Feb-26   17:35 )
  Bharat Forge signs MoU with VVDN Technologies
 ( Corporate News - 18-Feb-26   19:17 )
  Bharat Forge gains after inking MoU with VVDN Technologies
 ( Hot Pursuit - 18-Feb-26   16:17 )
  State Bank of India up for five straight sessions
 ( Hot Pursuit - 17-Feb-26   13:00 )
  Bharat Forge
 ( Results - Analysis 13-Feb-26   09:39 )
  Bharat Forge Ltd spurts 1.96%, up for fifth straight session
 ( Hot Pursuit - 13-Feb-26   13:00 )
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