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Hexagon Nutrition’s mainboard IPO opens June 5 with a ₹42–₹45 price band, ₹138.87 crore issue size, 333-share lot, and mixed grey-market signals.
Stock market today: Nifty held near 23,417 and Sensex ended marginally higher ahead of RBI MPC. Autos and durables supported, while IT and metals stayed weak.
MSTC and MMTC shares rose sharply after the Union Cabinet approved a ₹9,585 crore incentive scheme to replace older trucks and buses across the Delhi-NCR region.
Wipro’s ₹15,000 crore buyback moves closer to its June 5, 2026 record date, making June 4 the last trading day to buy shares for eligibility under T+1 settlement.
MSTC and MMTC shares climbed after the Cabinet approved a ₹9,585-crore Delhi-NCR truck and bus replacement scheme expected to lift organised vehicle scrappage and recycling activity.
Emcure Pharmaceuticals debuted at ₹1,325.05, a 31.45% premium to its ₹1,008 IPO price, after a heavily subscribed ₹1,952 crore public issue.
Tata Motors has reset its Avinya premium EV plan, opting for the Chery-JLR Freelander platform to speed launches, with the first India rollout now slated for 2027.
TVS Supply Chain Solutions signed an MoU with Italy’s ALA Group to jointly target India’s $28 billion aerospace and defence logistics opportunity across production and aftermarket lifecycles.
John Cockerill India rose sharply after JSW group companies issued new LOIs and orders worth ₹300 crore to ₹1,300 crore, with execution timelines stretching into 2028.
Bharat Forge is building FY27 growth visibility after a ₹11,000 crore defence order book led by a ₹1,661.9 crore CQB carbine deal and other key contracts.
Motilal Oswal reiterated a Buy on ICICI Bank with a Rs 1,750 target, citing strong asset quality, 16% loan CAGR expectations, and FY28E RoA/RoE of 2.3%/16.2%.
TVS Supply Chain Solutions signed an MoU with Italy’s ALA Group to pursue integrated aerospace and defence supply chain work in India’s estimated $28 billion market.
Citigroup initiated coverage on four listed power equipment makers, rating three Buy, as it expects a $15 trillion global T&D capex cycle to lift India.
HSBC estimates India may need $30-70 billion in additional inflows to stabilise the rupee and rebuild external buffers as higher oil prices widen balance-of-payments pressures.
SEBI’s interim order bars Rajesh Exports and promoter Rajesh Mehta, alleging nearly Rs 15,15,000 crore of unverified FY21-FY25 revenue largely routed through overseas subsidiaries.
Motilal Oswal reiterated its Buy on ICICI Bank, citing robust asset quality, market share gains and leadership stability, with a Rs 1,750 target implying ~41% upside.