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MARKETS

Stocks in Focus: Tata Motors, Brigade Enterprises, Sun Pharmaceuticals, and Others

The mid-cap and small-cap indices performed well with respective rises of 0.8% and 1.1%.

The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.02% higher by 4 points at 23,518.50 indicating that the domestic benchmark indices are likely to make a muted start on Thursday.

On Wednesday, 19 June, Domestic benchmark indices S&P BSE Sensex gained 36 points, or 0.05%, to end at 77,338 while the Nifty50 traded 42 points or 0.18% higher and settled at 23,516.

Here are some stocks that are likely to remain in focus on 20 June.

Tata Motors: The company has announced its plans to increase the price of its commercial vehicles by 2% from 1 July. 

Brigade Enterprises: The company has secured a Rs 150 crore agreement to develop the third tower at the World Trade Center (WTC) in Infopark, Kochi.

Sun Pharmaceuticals: The company has received a warning letter from the United States Food & Drug Administration (USFDA) for its Dadra facility for the violation of Current Good Manufacturing Practice regulations. 

Indian Oil Corporation: The company has signed an agreement with GPS Renewables to pave the way for advancing biofuel adoption across the country.

Sapphire Foods India: The Board of Directors of the company have approved the ub-division/split of existing equity shares. The existing shares with a face value of Rs 10 each will be divided into five equity shares with a face value of Rs 2 each. 

PNB Housing Finance: Asia Opportunities Fund and General Atlantic are looking to sell 1.08 crore shares, representing 4.2% stake of the company via an open market transaction. 

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