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Stocks in Focus: Ambuja Cement, Vodafone Idea, Havells India, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.04% higher by 10 points at 23,425 indicating that the domestic benchmark indices are likely to make a muted start on Friday.

On Thursday, 13 June, Domestic benchmark indices S&P BSE Sensex gained 204.33 points, or 0.27%, to end at 76,810.90 while the Nifty50 traded 75.95 points or 0.33% higher, and settled at 23,398.90.

Here are some stocks that are likely to remain in focus on 14 June.

Ambuja Cement: The company announced the acquisition of Penna Cement Industries Ltd for a total enterprise value of Rs 10,422 crore and an increase in the company’s cement production capacity by 14 million tonnes per annum. 

Vodafone Idea: The Board of Directors of the company have considered and approved the issuance of 166.07 crore shares in one or more tranches. 

Havells India: The company has announced tis plans to expand its AC manufacturing capacity at its Ghiloth and Sri City locations to 15 lakh units per year each. The company plans to invest Rs 50-60 crore towards this expansion plan, which is set to be completed by Q4FY25. 

NBFC Stocks: According to the data released by the RBI (Reserve Bank of India), private NBFC (non-banking finance companies) grew by 6.9% during the January to March quarter. 

Defence Stocks: The Ministry of Defence has announced its plans to further strengthen its domestic defence manufacturing capabilities and elevate defence exports to unprecedented levels. 

Suzlon Energy: The company has appointed Khaitan & Co. to review its corporate governance practices, which comes after the abrupt resignation of its independent director, Marc Desaedeleer. 

Signature Global: The wholly-owned subsidiary of the company, Sternal Buildcon has executed a sale deed to acquire a land parcel located at Sector 37D on the Dwarka Expressway, Village Harsaru Gurugram. 

RITES: The company has signed a Memorandum of Understanding with The Delhi Metro Rail Corporation to collaborate and jointly explore consultancy assignments in the field of Mass Rapid Transit Systems both in India and abroad.

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