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Stocks In News: Tata Motors, Vedanta and Voltas Ready for Action

Zee Business3:50

Transcription

Good morning, Janhavi. Please tell us what will be special today.

Good morning. To start with today's special triggers, it's a truncated week, so we might see some action here. We will have to keep a focus on Vedanta because it will not be part of the MSCI today, as after the demerger, it will be seen exiting the MMS indices. The anchor lock-in is going to open for many companies, including KSA International, where the lock-in on approximately 1% of its equity will be seen opening. For Craftsman Automation, approximately 23 crore shares, 23 lakh shares that were allocated to QIBs will be seen getting listed. And for MTAR Tech, if we look at its price band, it has been reduced from 20% to 10%.

Globally, in Europe, the ECB President, Christine Lagarde, will be seen giving a speech at a public event today. So, we will have to keep an eye on her commentary here.

Total Mint Fintek, we need to keep an eye on this IPO. Today is the second day. Talking about the updates from the first day, this IPO has been subscribed to a total of 45%. Retail subscription was 29%. QIBs saw a subscription of 73% here.

Reliance Industries, we will have to keep a focus here because the company has filed the DRHP for Jio Platforms' IPO. If we look at Jio's IPO, it is entirely a fresh issue component. 27 crore shares will be issued. Approximately 27,500 crore will be used to raise debt. If we look at the utilization of the remaining amount, it will be used for corporate governance and general corporate purposes.

Here, Voltas has given a big update. If we look at the first quarter of FY27, the company has sold 10 lakh units in approximately 81 days so far. These are AC units the company has sold. The previous record from the first quarter of FY25 was 88 days, which this company has broken this time. We saw that there was a heatwave and electricity demand also increased significantly during the summer demand. Due to this, it is understood that sales have been very high. The total RAC volume for FY26 was around 25.22 lakh. The company has already achieved much more than that in the first quarter itself.

Garde N Shipbuilders, we will have to keep a focus here because the company has received the Navratna status from the government. And similarly, for Chennai Petroleum, this company has also been seen receiving Navratna status from the government.

RVNL and NMDC, if we look, the company has received orders of more than approximately 2900 crore. An order has been received here for approval for the construction of 10 MTPA buffer stock piles and blending yards in Andhra Pradesh.

Tata Motors will also need focus. They have also had a big order win. Orders for 34 electric commercial vehicles have been seen. This includes many buses, LCVs, and all. If we look across sectors, the company has received these orders.

Bharat Forge has received a big order of approximately 425 crore from the Ministry of Defence. The company will be seen supplying gas turbine generators for the Indian Navy. It will be the first Indian company to be seen supplying this product to the Navy. So, a big update is coming for the company towards its defense building, defense equipment.

Nestle will be seen considering a special dividend on July 3rd. And if we look at KIMS on Friday, its QIP closed. The company has raised 1500 crore through QIP, and many big names have emerged in the list of Qualified Institutional Buyers. SBI Funds, Nippon Funds, IFC, Axis Funds, all their names are seen to be included in this list.

And Pharma, its subsidiary, its Andhra Pradesh facility was inspected. The inspection was a pre-approval inspection, and in the inspection, five objections were seen to be issued for the company.

And Knowledge Marine & Engineering Works. If we look at the promoters, they had sold shares on Friday. Approximately two promoters together were seen selling more than 2% stake. On the buyer's side, SBI Mutual Funds' name emerged, in which they purchased 4 lakh shares.