Stocks in News: Today these stocks including Tata Motors, BHEL, Adani Ports, Indus Tower will be in focus, action will be seen in intraday

Stocks in Focus Today :Today i.e. on 20 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 Tata Motors, BHEL, Adani Ports, Indus Tower, Escorts Kubota, KEI Industries, Coal India, NTPC, Brigade Group, Gokaldas Exports, Avenue Supermarts, Polytex India, Sapphire Foods, Gensol Engineering, Lemon Tree.

Tata Motors

Tata Motors has announced to increase the price of its commercial vehicles by up to 2 per cent from July 1, 2024 due to increase in commodity prices. Tata Motors said in a statement that the price hike will be applicable to the entire range of commercial vehicles. It will vary according to different models and variants. Earlier this year, the company had announced a 2 per cent increase in prices from April 1, 2024 due to increase in production costs.

BHEL

Rajesh Kumar Dwivedi took over as Director (Finance) at BHEL on June 19 and will hold the position till his retirement in 2028. Rajesh Kumar Dwivedi has been named as the Chief Financial Officer of the company, replacing Mr. Koppu Sadashiv Murthy.

Adani Ports

Four ports operated under Adani Ports and Special Economic Zone Limited (APSEZ) have been ranked in the ‘Container Port Performance Index 2023’. Developed by the World Bank and S&P Global Market Intelligence, this index assesses the performance of ports on parameters such as productivity, efficiency and reliability.

Indus Tower

British telecom company Vodafone has sold 18 percent stake in tower business Indus Towers for 1.7 billion euros (about Rs 15,300 crore). Vodafone said that it will use a large part of this amount to repay the outstanding loan of 1.8 billion euros taken from the bank against the company’s assets in India. Vodafone Group PLC sold 48.47 crore shares in Indus Towers Limited, these shares are 18 percent of the share capital of Indus.

Kubota Escorts

Agricultural equipment and construction equipment manufacturer Escorts Kubota Ltd has withdrawn its plan to set up a new manufacturing plant at Ghiloth in Rajasthan. The company said it has taken this decision due to not being able to meet all the key requirements for this large-scale project. The company had planned to invest up to Rs 4,500 crore to set up a new manufacturing plant in the next three to four years.

KEI Industries

Operations at its plants in Rakholi and Chinchpada have been partially affected due to the strike that began on June 19. The company said there is no strike at its other plants and they are in discussion with the labour contractor and workers to resolve the issue.