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Stocks in Focus: InterGlobe Aviation, IRB Infrastructure, RVNL, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.23% higher by 53 points at 23,285.50, indicating that the domestic benchmark indices are likely to make a positive start on Tuesday. 

On Monday, 10 June, Domestic benchmark indices S&P BSE Sensex slumped 203.28 points, or 0.27%, to end at 76,490.08 while the Nifty50 traded 30.95 points or 0.13% lower and settled at 23,259.20.

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

Rail Vikas Nigam: The company announced that the Siemens-RVNL consortium has received a Letter of Acceptance (LoA) from the Bangalore Metro Rail Corporation for an RS 394 crore project. 

IRB Infrastructure: Cintra, a transport infrastructure developer and subsidiary of the Spanish infrastructure group Ferrovial are planning to offload 5% stake in the company via a block deal, with average price being between Rs 63 and Rs 70.16 each. 

Vodafone Idea: The company announced that its Board of Directors will announce on Thursday 13 June 2024, about its agenda to issue equity shares and/or convertible securities to vendors on a preferential basis.

InterGlobe Aviation: The holding company of the Rahul Bhatia family, InterGlobe Enterprise, is looking to sell a 2% stake in the company via a block deal at an average price of Rs 4,266 per share. 

PTC Industries: The company has joined a government-funded Special Purpose Vehicle (SPV) under the ‘Make in India’ initiative to bolster the defence and aerospace sector.

NLC India: The Board of Directors of the company has considered and approved its plan to raise up to $600 million through External Commercial Borrowings (ECB) to meet its business requirements.

Jubilant Foodworks: The company has opened its 2,000th store in India by launching seven new stores across its seven operating regions nationwide.

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