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Stocks in News Today

June 3, 2022

Aether Industries: The specialty chemical firm will make its debut at the bourses on Friday. The company raised Rs 808.04 crore via its initial stake sale, selling its shares in the price range of Rs 610-642 apiece between May 24-26.

Tech Mahindra: The IT majors announced a tie-up with Anritsu to establish an Internet of Things (IoT) experience lab at Fremont, California. The lab aims to create a cost-effective environment for 5G IoT device manufacturers to verify device performance.

HDFC: The leading housing finance company said it has collaborated with Accenture to digitally transform its lending business.

UltraTech Cement: The leading cement manufacturer announced to invest Rs 12,886 crore (around USD 1.65 billion) to add 22.6 MTPA capacity in its total production, with a mix of brownfield and greenfield expansion.

Hindalco Industries: The Aditya Birla Group’s metal firm completed divestment process for subsidiary as the company has completed the divestment process for Hindalco Do Brazil Industria Comercia de Alumina LTDA.

Muthoot Finance: The goal financing company has partnered with Airtel Payments Bank to offer gold loans through Airtel Thanks app.

MTAR Technologies: The aerospace and defence players has entered into a share purchase agreement with sellers and GEE PEE Aerospace & Defence for acquisition of 100 per cent stake in GEE PEE Aerospace & Defence.

GR Infraprojects: The road and higher maker has signed a concession pact with National Highways Authority of India (NHAI) for a Rs 1,577 crore road project.

BLS International: The visa processing services firm announced that it has been authorised by the Royal Thai Consulate-General to accept visa applications.

Black Rose Industries: The specialty chemical firm has started the commercial production of acrylamide solids.

Wardwizard Innovations & Mobility: The electric two-wheeler brand Joy e-bike maker sold 2,055 units in May 2022. With that, the company has clocked a growth of 329 percent as compared to May 2021, when the company had sold 479 units.