PI Industries shares surge 5% after biggest customer Kumiai Chemical raises guidance
Japan-based Kumiai Chemical Industries has raised its revenue guidance by 9% and EBITDA forecast by 34%.
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BofA Securities sees value in mid-sized private banks, remains positive on PSU lenders
Mid-sized private banks remain a key focus for BofA in the current environment. “They should also be a better beta play on the eventual macro recovery in India,” Anand Swaminathan, Senior Analyst – India at BofA Securities said.
Scoda Tubes shares make quiet debut; list at par versus issue price
The entire IPO proceeds will be received by the company. The IPO proceeds will be utilised for expanding production capacity of seamless and welded tubes and pipes, and working capital requirements.
Garden Reach Shipbuilders shares surge 10% after signing MoU with Norway’s Kongsberg
Garden Reach will also use its experience of constructing complex maritime platforms like warships and survey and research vessels to build this PRV at its yard in Kolkata.
L&T Tech Services inks agreement with sustainable cleaning solutions firm for product development
The ODC will comprise a dedicated team of skilled engineers. It will focus on enhancing Tennant’s product innovation, optimising performance, and integrating smart automation into its industrial cleaning portfolio.
Mazagon Dock Shipbuilders is now more valuable than eight Nifty 50 stocks
Mazagon Dock shares had hit a record high of ₹3,775 on the day it reported its quarterly results on May 29. However, the stock dropped 10% in the next two trading sessions after the numbers were a miss on expectations.
Rupee falls 25 paise to 85.86 against US dollar in early trade
At the interbank foreign exchange, the rupee opened on a weak note at 85.69 and slipped further by 25 paise to 85.86 against the American currency in early trade.
With equities near target, bonds may offer better value: BofA
Within equities, financials remain a favourite for BofA and many investors. Meanwhile, newer themes like electronics manufacturing, semiconductors, biofuels, green hydrogen, and data centres are also drawing increasing interest.
Gland Pharma shares gain on securing USFDA nod for blood pressure treatment drug
Gland Pharma Share Price | In a stock exchange filing, the company said it has received approval from the US drug regulator for Angiotensin II Acetate injection, 2.5 mg/mL, for treating blood pressure in adults with septic or other distributive…
Indegene Block Deal | 10.56% equity worth ₹1,504 crore changes hands, CA Dawn Investments likely seller
Indegene Share Price | On Tuesday, June 3, CNBC-TV18 reported, citing sources that CA Dawn Investments, an affiliate of US-based Carlyle, was likely to sell a 10.2% stake in the healthcare tech firm via block deals valued at approximately ₹1,420…