STOCKS IN NEWS

• Rajesh Exports: The Ministry of Heavy Industries is likely to decide soon on removing Rajesh Exports from the ACC Battery PLI scheme beneficiary list after SEBI’s interim order alleging major financial irregularities at the company.
• Oil & Gas Stocks: OMCs will remain in focus as crude oil prices surged over $2 per barrel on Monday. Additionally, domestic LPG prices were increased by ₹29 per cylinder effective Sunday.
• Tata Motors: Chairman N. Chandrasekaran reiterated the company’s commitment to investing in electric, hydrogen, and cleaner ICE technologies, emphasizing a multi-technology approach toward sustainable commercial mobility.
• Andhra Cements: The board has approved a merger scheme under which Andhra Cements will be amalgamated with its parent company, Sagar Cements, subject to regulatory approvals.
• Tata Steel: The company may delay its £1.25 billion low-carbon steel project at Port Talbot, UK, by 6–8 months due to challenges in securing adequate electricity supply.
• LIC: LIC is engaging with regulators, including RBI and SEBI, to expand the availability of long-term investment instruments amid growing demand for annuity products.
• Zee Entertainment: The board will meet on June 10 to consider raising funds through equity shares or convertible securities via private placement, preferential issue, or other permissible routes.
• Reliance Infrastructure: The company has sought a review of the insolvency surveillance framework that currently restricts trading in its shares to once a week.
• ixigo: The travel platform has approved the acquisition of a 54.66% stake in hotel booking platform Brevistay for ₹65.69 crore.
• Amber Enterprises: Subsidiary IL JIN Electronics has formed a joint venture with Singularity Des Electronics to establish a specialized electronics platform catering to medical, defence, and aerospace sectors.
• Oil India: The company has announced its second natural gas discovery in the Andaman offshore basin, at the Vijayapuram-3 exploratory well.
• GE Vernova T&D India: Parent company GE Vernova has signed an agreement with Powerica Ltd to supply and install 28 wind turbines for a wind energy project in Gujarat.
• TVS Motor Company: TVS has launched ‘TVS Paddock’, a dedicated premium retail network aimed at enhancing customer experience and strengthening its presence in the premium motorcycle segment.
• RailTel: The company secured a ₹41.32 crore order from the Uttar Pradesh Police Recruitment and Promotion Board for security-related support services during recruitment examinations.
• HCLTech: HCLTech announced the winners of the third edition of its Climate Action Grant in the Americas, with total grants of $1 million to support climate-focused non-profit initiatives.
• HG Infra Engineering: The company has received a provisional completion certificate for a major infrastructure project in Uttar Pradesh valued at ₹4,970.99 crore.
• Embassy Developments: The real estate developer is targeting sales bookings of ₹8,000 crore in FY27, reflecting an expected 73% growth driven by strong housing demand.
• EMS: The company emerged as the lowest bidder (L1) for a UP Jal Nigam project in Varanasi with an estimated contract value of ₹102.8 crore.

BULK & BLOCK DEALS

• Adani Energy Solutions: SBI Mutual Fund acquired 63.65 lakh shares (0.52% stake) from GQG Partners Emerging Markets Equity Fund for ₹957.9 crore at ₹1,504.80 per share.
• Lenskart Solutions: Viridian Asia Opportunities Master Fund purchased 18.96 lakh shares (0.10% stake) from Copthall Mauritius Investment for ₹96.42 crore at ₹508.55 per share.
• Sterlite Technologies: Motilal Oswal Mutual Fund acquired 36.48 lakh shares (0.74% stake) worth ₹225.86 crore at ₹619.07 per share.
• Pine Labs: Invesco Developing Markets Fund sold 78.85 lakh shares (0.68% stake) through a block deal valued at ₹115.11 crore at ₹145.97 per share.
• PNGS Reva Diamond Jewellery: Promoter P N Gadgil & Sons increased its stake by purchasing an additional 1.6 lakh shares (0.5% stake) worth ₹6.26 crore at ₹391.58 per share.

CORPORATE ACTIONS:

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