Stocks in Focus on June 7: NMDC, Tata Motors, SBI Cards & More

  • Stock Market News
Stocks in Focus on June 7: NMDC, Tata Motors, SBI Cards & More

By Malvika Gurung -- Tata Motors: The automaker has won an order for supplying 10,000 units of XPRES-T electric vehicles to BluSmart Electric Mobility, making it the biggest ever EV fleet order in India.

NMDC (NS: NMDC ): The country’s largest iron ore producer has significantly slashed the prices of its lump ore from Rs 5,500/tonne to Rs 4,400/t, and fines from Rs 4,410/t to Rs 3,310/t w.e.f June 5.

Defence Stocks: The Defence Acquisition Council has given a nod to capital acquisition proposals of the armed forces worth Rs 76,390 crore under ‘Buy (Indian)’, ‘Buy & Make (Indian)’ and ‘Buy (Indian-IDDM)’ categories.

SBI Cards and Payment Services (NS: SBIC ): The credit card major’s board has approved raising Rs 2,500 crore through the issue of NCDs for funding business growth, which would be raised in one or more tranches.

RBL Bank (NS: RATB ): BofA Securities Europe SA has picked 25,63,334 additional shares of the private lender via open market transactions.

Dish TV: Promoters pared their holdings in the company, with World Crest Advisors LLP selling a 0.51% stake and now holding a 0.05% stake, while Direct Media Distribution Ventures’ shareholding reduced by 1.53% to 0.56%.

HLE Glascoat: The equipments manufacturer’s board has approved a stock split of 1:5, along with fundraising of Rs 350 crore through equity.

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