Indian markets began the week on a dull note as benchmark indices slipped more than half a percent. Investors stayed cautious amid global uncertainty and FII outflows. A few stocks, like Dixon Technology to Sona Comstar, grabbed attention with important announcements. Here are the key updates you need to know.
Sona BLW Precision (Sona Comstar)
Sona Comstar has appointed Jeffrey Mark Overly as its new Chairperson. The move comes after the passing of Sunjay Kapur, who has now been honored with the title of ‘Chairman Emeritus’ for his contribution to the company.
Dixon Technology
In a major move, company promoter Sunil Vachhani sold a 2.77% stake through open market transactions. The deal raised more than Rs. 2,221 crores. While the sale indicates strong interest from institutional buyers, it may trigger some near-term price movement in the stock.
Tata Motors
Tata Motors has officially revealed the prices for its upcoming electric SUV, the Harrier ev. The EV model, part of Tata’s growing electric vehicle portfolio, will be open for bookings from July 2, with deliveries expected in the coming month.
Garware Technical Fibres
Garware Technical has acquired Norway-based Offshore and Trawl Supply (OTS) through its UK subsidiary. The move will help the company expand its global marine and offshore business.
Bemco Hydraulics
The company’s board is scheduled to meet on June 30 to discuss the stock and the issuance of bonus shares. These steps are usually taken to make shares more affordable and increase trading activity.
