Stocks in Focus on June 2: Maruti Suzuki, BPCL, RIL, Vedanta & More

  • Investing.com
  • Stock Market News
Stocks in Focus on June 2: Maruti Suzuki, BPCL, RIL, Vedanta & More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Auto Companies: Maruti Suzuki (NS: MRTI ), Tata Motors (NS: TAMO ), Escorts (NS: ESCO ) and other auto manufacturers released their sales figures for May 2022 post-market hours on Wednesday.

Reliance Industries (NS: RELI ): The consumer brands arm of the oil-to-telecom conglomerate Reliance Brands will acquire a 40% stake in the toy manufacturing business of Plastic Legno SPA, as per a JV arrangement between the two.

Bharat Petroleum (NS: BPCL ): The rating agency Moody’s has upgraded the oil refiner’s outlook from negative to stable, following the Indian government's recent announcement to call off the proposed stake sale in the company, eliminating the risk of credit quality deterioration.

Vedanta (NS: VDAN ): The mining company’s committee of directors will meet in the week for considering raising up to Rs 4,100 crore through debentures.

NTPC (NS: NTPC ): The power major said that it will increase its target of producing 26 MT of captive coal in FY23, compared to a 14MT captive coal production in FY22.

Delta Corp (NS: DELT ): Subsidiary Delta Pleasure Cruise Company has begun the management of operations of the casino in 'The Zuri White Sands Goa, Resort and Casino' in Goa. Also, ace investor Rakesh Jhunjhunwala has offloaded 25 lakh shares of the company, reducing his shareholding from 7.5% to 6.2%.

Mold Tek Packaging (NS: MOLT ): Ashish R Kacholia and PAC have sold a 2.25% stake in the plastic packaging manufacturer through open market transactions on Tuesday.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search

Related Articles