Tata Motors' 3,400 commercial EV order, Bharat Electronics Rs 1,081 cr orders, & more
Monday, 22 June 2026
Markets opened significantly above Friday’s closing point.
All sectors’ stocks rose today except for FMCG and consumer durables stocks. Media stocks and pharma stocks rose the most.
Global markets: US markets were closed on Friday. Most Asian markets rose. European markets showed a mixed trend (as of 6 pm IST).
News
India’s infrastructure output of core industries grew 0.5% year-on-year in May (vs 1.7% in April). Electricity, cement and steel production increased, while coal, crude oil, natural gas, petroleum refinery products and fertilizer production declined.
SBI Mutual Fund received SEBI’s approval for a Rs 13,000 crore IPO.
Turtlemint Fintech Solutions IPO has been subscribed 0.52 times. Retail subscription: 0.60 times. IPO closes tomorrow (23 June).
Stocks Updates
L&T: subsidiary Vyoma.AI Ltd incorporated wholly owned step-down subsidiary LTN Compute Pvt Ltd to build AI compute infrastructure and provide technology-enabled services.
Sun Pharma: will acquire 100% stake in Innovcare Lifesciences Pvt Ltd for around Rs 271.20 crore to strengthen its product portfolio.
Bharat Electronics: received additional orders worth Rs 1,081 crore since its last disclosure on 25 May. Major orders include communication equipment, radars, CBRN protection systems, seekers, avionics, upgrades, spares and services.
Bajaj Auto: shareholders approved the company’s buyback of up to 46.94 lakh shares at Rs 12,000 per share, aggregating up to Rs 5,632.80 crore via the tender offer route.
Hindustan Zinc: signed an MoU with Advantek Associates LLP and Aero Eagle Automobiles to explore green hydrogen and alternative clean energy solutions for mining operations, including heavy earth-moving machinery, surface vehicles and generators.
Tata Motors: secured orders for over 3,400 electric commercial vehicles across freight, logistics and passenger mobility segments.
Aurobindo Pharma: received US FTC approval for its $250 million acquisition of Lannett Company. The deal is expected to close before the end of June.
Word of the Day
Contingent Liability
It is the possible cost that a company might have to pay in the future.
It depends on whether a certain event happens or not.
If the event seems possible and the cost can be estimated, the company shows it in its financial statements. It keeps aside money in case the event happens.
Example: say a company is being sued. The outcome of the case is uncertain. If the company loses, it may have to pay a settlement. The company would keep aside money as a contingent liability until the case is resolved.
6 Day Course
Theme: crucial points in IPO
Day 1: Monday
Many new investors are growing more interested in IPOs.
In this week’s course we’ll try to explore the important points to look at in greater detail.
The first thing to remember is that an IPO must be looked at as any other share.
Behind the stock name and price is a business. That business must be analysed.
This is true for companies that are going for an IPO as well as companies that are already on the stock markets.
This includes understanding the company’s business model, cash flows, revenue, earnings/losses, debt, valuation, business stage, etc.
Beyond those points, the next point to look at is the reason for going for an IPO.
Companies choose to go for an IPO for multiple reasons. One of the most common reason is to raise money.
What will this money be used for? That’s the first question to be asked in case of IPOs.
We explored the question “What if you invest in a Nifty 50 Equal Weight Fund instead of a Nifty 50 Index Fund?”
Check out the full report here.
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