North India Statesman
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Stock market friends! Today, on June 20, many companies will remain in the discussion due to some special news. Come, let us know in the easy language which shares should be eyeing today and why.
1. Sai Life Sciences:
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Why is there in the discussion? This company is in the news because its subsidiary is preparing to bring ‘Sai Life Sciences’ (ie the process of coming to the stock market for the first time). Whenever a company brings an IPO, there is a lot of movement in the market.
2. Kaynes Tech:
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Why is there in the discussion? Ramesh Kunhikannan, a large stakeholder of the company, has sold some of his stake in a big deal. Whenever a company’s owner or a large stake sells shares, investors keep an eye on it closely.
3. GMM PFAUDLER:
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Why is there in the discussion? The same thing is here. The company’s promoter ‘Patel Parivar’ has also sold some of its stakes. Due to this news, the share fluctuations can be seen today.
4. Axiscades Tech:
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Why is there in the discussion? The company has announced to buy an engineering and research company from Germany ‘EPCO’. This purchase will help the company to spread its business in Europe, which is a positive news.
5. Netco Pharma:
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Why is there in the discussion? This is a very good news for the company. It has received final approval from the US Health Agency (US FDA) for the vaccine of diphtheria and tetanus. This approval may have a good impact on the company’s earnings.
6. ITD Cementation:
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Why is there in the discussion? This construction company has received a huge order of ₹ 1,734 crore from the Gujarat Maritime Board. The news of such a big order can be expected to boom in the stock.
7. Oswal pumps:
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Why is there in the discussion? The company is going to hold a special meeting (EGM) of its big investors on 15 July. In this, she will take approval to raise money from the market.
