Share Market News June 25: Tata Elxsi, Voltas, ixigo, Sun Pharma, other stocks to track on Tuesday
Stocks to Track on June 25, Stocks in News: Here is a list of stocks set to be in the spotlight during Tuesday's session, including Sun Pharmaceutical Industries, Tata Elxsi, Amara Raja Advanced Cell Tech, and Voltas.
Stocks to Track on June 25, Stocks in News: At around 8:06 am, GIFT Nifty futures traded higher by 0.14 per cent or 31.8 points at 23,575, indicating a muted to positive opening on the D-Street. Domestic equity benchmarks registered mild gains on Tuesday, with the Sensex rising 131.2 points to end at 77,341.1 and the Nifty50 gaining 36.8 points to settle at 23,537.9, led by buying interest in auto, financial and FMCG shares though selling pressure in energy and IT stocks limited the upside. As the focus shifts to the next session, here is a list of stocks that are likely to be in focus on Tuesday, including Sun Pharmaceutical Industries (SUNPHARMA), Tata Elxsi (TATAELXSI), Amara Raja Advanced Cell Technologies, and Voltas:
Amara Raja inks licensing pact with GIB EnergyX
Amara Raja Advanced Cell Technologies has signed a licensing agreement with GIB EnergyX, a subsidiary of Gotion High-Tech Co, for lithium-ion cell technology. Amara Raja Advanced Cell Technologies is a wholly-owned subsidiary of Amara Raja Energy & Mobility (ARE&M).
Sun Pharma completes merger with Taro Pharma
Sun Pharmaceutical Industries has completed the merger of Taro Pharmaceutical Industries with itself in a deal valued at $347.7 million.
After the merger, Taro is now a private company wholly-owned by Sun Pharma.
ixigo extends ties with PhonePe
Travel booking platform ixigo has expanded its exclusive partnership with PhonePe to offer flight and bus bookings on the fintech platform's app. The two companies joined hands earlier to offer booking services for trains.
The expanded partnership will enable over 54 crore PhonePe users to experience more comprehensive travel booking and utility services for flights, trains and buses, according to ixigo, whose stock entered the listed space recently.
Tata Group Stock | Tata Elxsi shares to trade ex-dividend
Tata Elxsi shares are scheduled to trade ex-dividend on Tuesday.
Tata Group Stock | Voltas to trade ex-dividend
Voltas shares are scheduled to trade ex-dividend on June 25.
Cera Sanitaryware stock to trade ex-dividend
Cera Sanitaryware shares are slated to trade ex-dividend on June 25.
Other stocks to go ex-dividend
Alkyl Amines Chemicals and Bharat Parenterals are also among the stocks slated to trade ex-dividend on Tuesday.
Vodafone Idea, Bharti Airtel etc. to be in focus
The country will begin auction spectrum today to sell airwaves worth Rs 96,317.65 crore. The centre through the auction is looking to raise Rs 10,000 crore.
Happiest Minds
The IT company may today see a block deal worth Rs 754 crore as per reports. The company's promoter Ashok Soota may offload 6 per cent or 91.3 lakh shares in the entity.The floor price of the deal is pegged at Rs 826 per share, translating into a discount of 10 per cent from the last traded price.
Bandhan Bank
Shares of the private lender will be in focus after the RBI has appointed Arun Kumar Singh as an Additional Director at the bank.