Stocks in news: Adani Ports, REC, Maruti Suzuki, Hero MotoCorp, MosChip Tech
Equity markets await BJP's election outcome on June 4. GSK's Blenrep shows promise for multiple myeloma. NMDC reports 37% production fall in May.
, even though a little cautious in the lead up to the big election outcome on June 4, will react to the , which predicted a comfortable majority for the BJP. In today's trade, shares of , , , , among others will be in focus due to various news developments.GSK
GSK's multiple myeloma drug nearly halved the risk of disease progression or death compared to standard-of-care treatments for the incurable blood cancer, according to data from a late-stage study.
India's largest iron ore miner NMDC has reported a 37 per cent fall in its production at 2.34 million tonnes (MnT) in May 2024.
Hero MotoCorp
Hero MotoCorp's total sales were down 4.1% to 4.98 lakh units in the month of May, while exports were up as much as 67%.
MosChip Technologies has received a contract worth Rs 509.37 crore from ().
Ashoka Buildcon emerged as the lowest bidder for two projects worth Rs 2,153 crore of .
Maruti Suzuki
Maruti Suzuki's total sales fell 2% year-on-year to 1.74 lakh units in the month of May. Domestic sales also declined over 3% to 1.57 lakh units.
Adani Ports
Adani Ports arm has secured a 30-year concession to operate the Tanzania terminal.
REC
REC to raise up to Rs 1.45 lakh crore through bonds in one or more tranches. The company has also appointed Harsh Baweja as Director (Finance) and CFO.
Source: Stocks-Markets-Economic Times
