Stocks in news: IndiGo, Mphasis, IRB Infra, Raymond, BPCL
Domestic markets opened lower with focus on various companies' developments including IndiGo, Mphasis, IRB Infra, Cintra, RVNL, Siemens, Raymond Realty, BPCL, JSW Steel, Bharat Petroleum Corporation, Lupin, Global private equity, and Central Railway project.
After a hectic five days, domestic markets started the new week on a subdued note on Monday and ended slightly lower. In today's trade, shares of , , , , among others will be in focus due to various news developments.IndiGo
InterGlobe Enterprises, one of the promoters of IndiGo, is planning to sell around 2% stake in the company through a block deal, according to reports.
Mphasis
Global private equity and investment firm Blackstone offloaded a partial stake in IT services company Mphasis through bulk deals on Monday.
IRB Infrastructure
Cintra is likely to sell around 5% stake of IRB Infra through block deals on Monday, according to reports.
RVNL emerged as the lowest bidder for a Central Railway project worth Rs 138.45 crore. In another development, Siemens-RVNL consortium has received letter of acceptance (LoA) for Bangalore Metro Rail Corp project worth Rs 394 crore.
Raymond
Raymond arm Raymond Realty secured redevelopment residential project in Bandra East, Mumbai. This project is estimated to generate a revenue of more than Rs 2000 crore.
BPCL
State-run (BPCL) plans to set up a new 12 million metric tonnes per annum (MMTPA) refinery in the country, ET reported.
JSW Steel reported consolidated crude steel production at 20.98 lakh tonnes for the month of May, which is 4% lower year-on-year.
Lupin said it is recalling over 51,000 bottles of a generic antibiotic medication in the US market due to a defective container.
Mphasis
Global private equity and investment firm Blackstone offloaded a partial stake in IT services company Mphasis through bulk deals on Monday.
IRB Infrastructure
Cintra is likely to sell around 5% stake of IRB Infra through block deals on Monday, according to reports.
RVNL emerged as the lowest bidder for a Central Railway project worth Rs 138.45 crore. In another development, Siemens-RVNL consortium has received letter of acceptance (LoA) for Bangalore Metro Rail Corp project worth Rs 394 crore.
Raymond
Raymond arm Raymond Realty secured redevelopment residential project in Bandra East, Mumbai. This project is estimated to generate a revenue of more than Rs 2000 crore.
BPCL
State-run (BPCL) plans to set up a new 12 million metric tonnes per annum (MMTPA) refinery in the country, ET reported.
JSW Steel reported consolidated crude steel production at 20.98 lakh tonnes for the month of May, which is 4% lower year-on-year.
Lupin said it is recalling over 51,000 bottles of a generic antibiotic medication in the US market due to a defective container.
Source: Stocks-Markets-Economic Times
