Market Commentary - Stock Alert
Hero MotoCorp, JSW Steel, Engineers India, HFCL in spotlight As on : 13-Jun-23  08:39

Hero MotoCorp: Hero MotoCorp introduced the new Passion+. Passion+ is a combination of style, comfort and convenience making it an ideal choice for daily commute. The new Passion+ is available at Hero MotoCorp dealerships across the country at an Rs. 76,301/- (Ex-Showroom, Delhi).

JSW Steel: The company has been declared as a ?Preferred Bidder? from the Directorate of Mines and Geology, Goa, for grant of Mining Lease for Iron Ore Mineral in the State of Goa, in the Auctions held by the State Govt. of Goa.

Engineers India: Engineers India said that ONGC has awarded the project for Replacement of 03 No's CSU Off-gas compressors and 6 no's Regeneration Gas Compressors, installation of CBD vessel at Uran Plant to the company. The total estimated order value is about Rs. 472 crore with a project completion schedule of about 40 months.

Punjab & Sind Bank: The board of the bank has approved raising of capital up to an amount of Rs.750 crore through issuance of Basel-III compliant Additional Tier-1 Bonds or Tier-II Bonds in one or more tranches within a period of 12 months.

Greaves Cotton: Greaves Electric Mobility Private Limited (GEMPL),the e-mobility business of Greaves Cotton, has entered into an agreement with Bike Bazaar Finance, an RBI-registered non-banking finance company that specialises in retail financing of Pre-Owned & New-vehicles. Under the agreement, Bike Bazaar Finance will finance GEMPL's ELE-branded L3 electric vehicles.

HFCL: The company has bagged an order worth Rs about 80.92 crores from Delhi Metro Rail Corporation (DMRC), for Design, Manufacture, Supply, Installation, Testing and Commissioning of Fibre Optics Transmission System (FOTS) for three priority corridors of Phase IV of Delhi Metro Rail Project.

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