By Admin 
- Craftsman Automation and JSW Infrastructure block deal, QIP
- Bharat Electronics gets new defense orders worth ₹1081 crore.
- Warrants worth ₹430 crore issued to Vodafone Idea.
- Bata India’s profit falls 95% to ₹2.2 crore.
Stocks to Watch Today: Today on June 23, many stocks including Craftsman Automation, JSW Infrastructure, Vodafone Idea, Bharat Electronics, Apar Industries, Hindustan Zinc, Info Edge India are going to be in focus. Some of these companies had informed the stock market about block deals, QIP (Qualified Institutional Placement) and other types of developments, the impact of which can be seen in the market’s response today. Let us know which stocks may see sharp fluctuations today.
Craftsman Automation
Company promoter Srinivasan Ravi is going to sell shares worth Rs 484 crore today through block deal, which is equal to his 2.01% stake in the company. For this, the floor price per share has been fixed at Rs 925. Due to heavy volume trading, movement is expected to be seen today.
JSW Infrastructure
The company has launched QIP (Qualified Institutional Placement) to raise Rs 7503 crore from institutional investors. To attract investors, the company has kept the share price at a discount of 7.2% (about Rs 285 per share) from its previous closing price. Due to the issuance of new shares at huge discounts, investors may keep an eye on the stock today.
Bharat Electronics
Government defense company Bharat Electronics has received orders worth Rs 1081 crore in the last one month since May 25. These include supply of radar, communication equipment and avionics. After these new orders, the total order book of the company has crossed Rs 74000 crore. This will further increase the confidence of investors in the company.
Vodafone Idea
The board has approved the issuance of warrants worth Rs 430 crore to Suryaja Investments Private Limited (an Aditya Birla Group company and member of the promoter group). These warrants have been issued at a price of Rs 11 per warrant. The promoter company has paid a total of Rs 1,182.50 crore in cash i.e. 25% of the total amount i.e. Rs 2.75 per warrant. The remaining 75% will be paid within the next 18 months when these warrants will be converted or exchanged into fully paid-up equity shares.
Hindustan Zinc
The company has signed a Memorandum of Understanding (MoU) with Advantek Associates LLP and Aero Eagle Automobiles to explore the possibility of adopting green hydrogen and alternative clean energy solutions in its mining and business operations. Hindustan Zinc is going to start using hydrogen fuel in underground mining operations.
Bata India
The company has released its fourth quarter (Q4) results, which were very disappointing. In the fourth quarter, the company’s profit fell by 95% to just Rs 2.2 crore. After this weak result, selling pressure can be seen on the shares of Bata India today.
Info Edge
Info Edge, the parent company of Naukri.com, has revealed in the information given to its investors that the company has invested Rs 1003 crore in 54 AI and deep-tech startups since 2020. According to exchange filing, the investment value of Rs 614 crore made in just 28 AI companies has increased to Rs 1268 crore today. This investment has grown 2.1 times with an impressive Gross Internal Rate of Return (IRR) of 31%.
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