Stocks in News: Today these stocks including Sun Pharma, LT, Paytm, Maruti will be in focus, action will be seen in intraday

Stocks in Focus Today : Today i.e. on 25 June 2024, some stocks (stocks in news) are ready to show action. Due to positive triggers, these stocks can remain in focus in the market today (stocks to watch). If you are looking for better stocks in intraday, then you can keep an eye on these (Stocks in Focus). Today’s list includes stocks like Sun Pharma, Adani Enterprises, L&T, Paytm, Cartrade Tech, AU Small Finance Bank, Maruti Suzuki, Craftsman Automation, Britannia, Hero Motocorp, RBL Bank, InterGlobe Aviation, Prestige Estates, Borosil, Bandhan Bank.

L&T

Infrastructure sector major Larsen & Toubro (L&T) has received an important order to build grid-connected solar plants and battery energy storage systems in Bihar. According to L&T’s classification, the value of important contracts ranges between Rs 1000 crore and Rs 2500 crore. The company said in a statement to BSE that this contract has been awarded to L&T’s power transmission and distribution segment.

Paytm

Fintech company One97 Communications has registered a growth of 19 per cent year-on-year in air travel bookings in the January-March quarter this year. Paytm’s travel ticket booking business comes under its marketing services segment. The revenue of the company’s ticket booking business has increased by one per cent year-on-year to Rs 395 crore in the March 2024 quarter.

Sun Pharma

The Company successfully completed the merger of Taro Pharma with its subsidiary. As part of this merger, Sun Pharma has acquired all the outstanding ordinary shares of Taro in addition to the shares already held by Sun Pharma or its affiliates.

Cartrade Tech

Investor firms Warburg Pincus, Temasek Holdings and JP Morgan Investment sold a total of 13 per cent stake in CarTrade Tech for Rs 535 crore through open market transactions. Hydell Investment, a unit of US-based Warburg Pincus, sold shares of online vehicle trading platform CarTrade Tech, while MacRitchie Investment, an affiliate of Singapore’s government fund Temasek Holdings, sold the company’s shares on the BSE. At the same time, CMDB-2, a private equity fund run by JP Morgan Investment Management, also sold shares of CarTrade Tech through bulk deals on the National Stock Exchange (NSE).

AUSFB

AU Small Finance Bank said that the board will meet on June 27 to consider raising funds through private placement, QIP, preferential allotment or any other alternative mode. The board will also consider borrowing or raising funds through debt instruments.

Maruti Suzuki

Maruti Suzuki has received a show cause notice from the Goods and Services Tax (GST) Authority, Gujarat, demanding Rs 5.4 crore for the period July 2017 to March 2023 for denying input tax credit on certain services.

Automation

The company has entered into an agreement with Sunbeam Lightweighting Solutions and Kedaara Capital to acquire all or a portion of Sunbeam’s business.