News that may have an impact on prices of some stocks today

Ashoka Buildcon gets new orders of Rs 1,388 crore

Ashoka Buildcon and Ashoka Purestudy Technologies Private Limited (APTPL), a subsidiary of the Company, had jointly submitted bid for various projects to Motors Vehicles Department, Maharashtra. It has received LoIs for 5 circles to Design, Implement, Operate and Maintain Intelligent Traffic Management System at various Circles in Maharashtra. Total orders valued at Rs 1388 crore. Project implementation period is 15 months from the date of signing of the contract and Operation & Maintenance period is 10 years from the Go Live date. The impact of this news is likely to be positive.

IREDA sets floor price at Rs 173.83

IREDA set the floor price for share sale to institutional investors as the window for the deal opened. The fundraising of up to Rs 5,000 crore will be conducted through qualified institutional placement. The board approved the floor price of Rs 173.83 per share. The company may offer a discount of not more than 5% on the floor price. The impact of this news on the stock is likely to be neutral.

Bharat Electronics wins new orders of Rs 2,323 crore

Bharat Electronics Ltd. announced that it won new orders worth Rs 2,323 crore from Mazagon Dock Shipbuilders Ltd. and Garden Reach Shipbuilders & Engineers Ltd. The order involves the supply of base and depot spares for the missile systems on Indian naval ships. The spares will ensure operational continuity of onboard mission-critical equipment.

Tejas Networks gets Rs 123 crore under PLI scheme

Tejas Networks Ltd. has received order worth Rs 123 crore from the Ministry of Communications under the Production Linked Incentive Scheme for telecom and networking products, according to an exchange filing on Thursday. This amount is the first tranche, which makes up 85% of the eligible incentive for the third quarter of fiscal 2025.

Central Bank of India to acquire 24.91% stake in Future Generali

Central Bank of India announced the acquisition of a 24.91% equity stake in Future Generali India Insurance Company Limited (FGIICL) and a 25.18% stake in Future Generali India Life Insurance Company Limited (FGILICL). This move marks the bank’s formal entry into both the life and general insurance sectors. It would invest up to Rs 451 crore in the same.

Imagicaaworld signs loan agreement with HDFC Bank

Imagicaaworld Entertainment Ltd has signed a Rs 275 crore loan agreement with HDFC Bank to finance the acquisition of two major amusement and water park assets — Wet’n Joy at Lonavala and Wet’n Joy & Saiteerth Devotional Theme Park at Shirdi.

Praj Industries gets international order

Praj Industries Ltd has secured an international assignment from Enersur SA, one of Paraguay’s leading renewable energy companies, to support the development of a fully-integrated biorefinery project in the South American nation.

JSW Energy commissions 281 MW solar energy capacity

JSW Energy Ltd has successfully commissioned 281 MW of organic renewable energy capacity, comprising 215 MW of solar and 66 MW of wind power. This takes the company’s total installed capacity to 12,499 MW, of which 55% is now from renewable sources.

Shyma Metallics reports increase in sales

Shyam Metalics and Energy Ltd reported a year-on-year increase in stainless steel sales for May 2025. However, sales declined 2% sequentially to 6,999 tonnes. Average price realisations for stainless steel were down marginally by 0.2% year-on-year but improved 1% month-on-month to Rs 1.37 lakh per tonne.

Accel India pares stake in Zinka Logistics

Accel India IV (Mauritius) has pared its stake in Bengaluru-based logistics tech company by 1.32% through an open market transaction conducted on June 3. Following the sale, the fund’s shareholding in the company has come down to 9.40%.

Welspun gets new orders

Welspun Corp said it has won a repeat export order to supply 50 km of LSAW pipes and bents with anti-corrosion and CWC coating. Since last announcement dated 7th May, 2025 the company received additional orders, cumulatively valued at ~Rs 450 crore for India pipes facility. These orders will be executed in FY26 & FY27.

Garden Reach Shipbuilders gets new order

The company announced the signing of a memorandum of understanding (MoU) with Germany-based Carsten Rehder. The MoU pertains to the construction of four multi-purpose vessels, with the final contract expected by August 31.

Promoter entities to offload up to 1.94% stake in Bajaj Finserv

Promoter entities Bajaj Holdings & Investment Ltd and Jamnalal Sons launched a Rs 5,828 crore block deal in Bajaj Finserv Ltd, offloading up to 1.94% of the company’s equity. The deal is being executed at a floor price of Rs 1,880 per share, which represents a 3.3% discount to last closing price. The base size of the offer is at Rs 4,750 crore, with an additional green-shoe option of Rs 1,078 crore.

Zaggle acquiring Dice for Rs 123 crore

Zaggle is acquiring Pune-based enterprise spend management startup Dice Enterprises for Rs 123 crore, aiming to expand its product suite and customer base. The acquisition, pending regulatory approvals, will give Zaggle access to high-profile clients like Tata 1mg and Britannia. It had reported revenue of Rs 6.3 crore in FY24. Company also announced 100% acquisition of GreenEdge Enterprises for Rs 27 crore. It had reported revenue of Rs 19.8 crore in FY24.

Dhampur facility now capable of processing both molasses and grains

Dhampur Bio Organics announced on June 5, 2025, that it has successfully converted its 100 KLPD (kilolitres per day) molasses-based distillery at its Asmoli unit in Uttar Pradesh into a dual-feed distillery capable of processing both molasses and grain. This development follows the company’s earlier announcement made during its Board Meeting on February 5, 2024, where the conversion plan was approved.

Kilburn Engineering gets new order

Company has received orders worth Rs 30.9 crore in Granulation and drying package for Ammonium Nitrate and Nitric Acid and Tea Dryers and Spares / Services.

Promoter entity may sell up to 3.13% stake in WABCO

The company’s promoter WABCO has planned to sell stake worth about Rs 720 crore. WABCO can sell about 3.13% stake. The shares will be sold through block deal. The floor price has been kept at Rs 12,000 per share, which is about 10% discount from the current market price (CMP).

Intellect Design gets contract from South African bank

Intellect Design Arena Ltd has announced a major contract with a leading South African bank to implement its eMACH.ai Digital Engagement Platform across nine countries.

Valor Estate gets approval for revised bids

The company announced it had received a corrigendum to the Letter of Acceptance from the Brihanmumbai Municipal Corporation (BMC) for its large-scale housing project in Mumbai. the project involves the development of approximately 13,374 affordable housing tenements under the PAP (Project Affected Persons) Scheme in Zone IV. The project carries a gross development value of approximately Rs 7,000 crore.

RailTel gets new order of Rs 274 crore

The company received a Letter of Intent (LoI) from the Motor Vehicles Department, Maharashtra. The estimated order size is Rs 274.4 crore. The final contract value will be confirmed upon issuance of the Purchase Order (PO).

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Source: HDFC Securities Prime Research