* India Daybook – Stocks in News* *Ramco Systems:* Inaugurate | DK Technical Analysis by Dhananjay Kadam

* India Daybook – Stocks in News*

*Ramco Systems:* Inaugurates office in Qatar to support digital transformation initiatives across the region (Positive)

*BEML:* India to soon proceed with financial bids for selling 26% in #BEML (Positive)

*Zydus Life:* US FDA issues nil observations to company’s animal health drug manufacturing facility at SEZ, Ahmedabad (Positive)

*SBI Life:* Company to absorb Sahara India Life Insurance (Positive)

*Greaves Ind:* Promoter bought 1 lakh shares in the company (Positive)

*Mahindra Life spaces:* OMRON Healthcare to start operations in Chennai in March 2025 (Positive)

*Biocon:* US FDA concluded inspection of Oral Solid Dosage formulations manufacturing facility at Bengaluru with no observations (Positive)

*Lupin:* Company launches Darunavir Tablets in the United States (Positive)

Crisil has upgraded the Bank's rating for Tier-II bonds amounting to Rs 5,000 crore. (Positive)

*Wonderla:* The Tamil Nadu government has granted a waiver of local body tax (LBT) of 10 percent to its Chennai project for 10 years (Positive)

*Tata Chemicals:* The company has signed a MoU with the Government of Gujarat to set up a 20 GW capacity lithium-ion cell manufacturing giga factory (Positive)

*NTPC:* IOC to source power from JV with the company (Positive)

*Hero MotoCorp:* Company hikes e-scooter price by Rs 6000 (Positive)

*Bharat Forge/RK Forge:* May North America Class 8 truck orders are up 10% YoY & 29% MoM at 15,500 units (Positive)

*Brigade:* Company to launch 10 housing projects in FY24 (Positive)

*IOB:* Reserve Bank of India imposes Rs 2.20 cr monetary penalty on Indian Overseas Bank (Neutral)

*Minda Corp:* Board approves raising upto Rs 600 cr via securities (Neutral)

*PIIND:* Company acquired 100% shareholding of Therachem Research Medilab (India) Private Limited (Neutral)

*Godrej Prop:* Company has increased its stake in equity share capital of Godrej Home Constructions Limited (Neutral)

*Tata Chem:* CRISIL has reaffirmed its credit rating of CRISIL A1+ issued by it for Company’s Commercial Paper (Neutral)

*Hero Motocorp:* Company launched a new range of its 100cc motorcycle – the HF Deluxe (Neutral)

*Tech Mahindra:* Company’s step down subsidiary has agreed to sell 0.04% and 99.96 % shareholding in Comviva Technologies do Brasil. (Neutral)

*Wipro:* The company has fixed June 16, 2023 as the record date for determining the eligiblity for the buyback offer (Neutral)

*Dynamic Cables:* RISIL has reaffirmed the credit ratings assigned to the Bank facilities of the Company (Neutral)

*Muthoot Capital:* The Board of Muthoot Capital will consider a fundraising proposal through issuance of NCDs on June 7 (Neutral)

*HIL:* Company has declared lockout of its Chennai plant (Negative)

*Jtekt India:* Malabar India Fund sold 22.05 lakh equity shares, or a 0.9 percent stake (Negative)

*Lyka Labs:* Quant Mutual Fund-Quant Small Cap Fund sold 1.5 lakh shares in the pharma company (Negative)

*Speciality Restaurants:* Promoter Anjan Chatterjee has offloaded 5 lakh shares, or a 1.06 percent stake (Negative)

*Ceinsys Tech:* Alternate investment fund Zodius Technology Fund has been offloading its stake in the company since May (Negative)

*Indoco Remedies:* Facility had four observations in Form 483 and classified as OAI Official Action Indicated (Negative)