Mazagon will take responsibility for constructing and deliveri | DK Technical Analysis by Dhananjay Kadam

Mazagon will take responsibility for constructing and delivering the respective submarines. 

*Titagarh Wagons:* The board will meet on Jun. 10 to consider, evaluate and approve the proposal to raise funds by issue equity of shares or other securities through preferential issue, qualified institutional placement, rights issue, or through any other permissible mode.

*Offerings: IKIO Lighting IPO Day-3*

The demand for the initial public offering of LED lighting solution provider IKIO Lighting Ltd., was led by non-institutional investors on the second day of subscription. The IPO was subscribed 6.82 times on Wednesday. The portion of institutional investors was subscribed 1.37 times, non-institutional investors subscribed 15.99 times, while retail investors portion was subscribed 5.92 times. The IPO was fully subscribed on the first day. The three-day issue opened on June 6 and will continue till June 8.

*Bulk Deals*

EKI Energy Services: Next Orbit Ventures Fund sold 2 lakh shares (0.73%) at Rs 492.35 apiece. 

National Highways Infra Trust: Neo Markets Services bought 30 lakh shares (0.41%) at Rs 118.75. Trust Investment Advisors sold 30 lakh shares (0.41%) at Rs 118.75 per share. 

Praveg: Sunita Paras Patel sold 2.16 lakh shares (1.03%) at Rs 500.27 apiece. 

*Who’s Meeting Whom*

Can Fin Homes: To meet investors and analysts on June 8. 

Aptech: To meet investors and analysts on June 8. 

Aurobindo Pharma: To meet investors and analysts on June 8. 

Indo Count Industries: To meet investors and analysts on June 8. 

UltraTech Cement: To meet investors and analysts on June 9.  

Repco Home Finance: To meet investors and analysts on June 12 and June 13. 

Delhivery: To meet investors and analysts on June 8. 

Mallcom (India): To meet investors and analysts on June 12.  

Adani Transmission: To meet investors and analysts on June 8.  

Radico Khaitan: To meet investors and analysts on June 8. 

Adani Green Energy: To meet investors and analysts on June 8 and June 21. 

Uniparts India: To meet investors and analysts on June 12. 

Manorama Industries: To meet investors and analysts on June 8. 

*Trading Tweaks*

Price Band Revised From 20% To 5%: NIIT

Price Band Revised From 20% To 10%: Suzlon Energy

Ex-Date Dividend: Bikaji Foods International

Ex-Date Annual General Meeting: Bikaji Foods International, UCO Bank

Ex-Date Demerger: NIIT

Record-Date Demerger: NIIT

Move Into Short-Term ASM Framework: NRB Bearings, Suzlon Energy

Move Out of Short-Term ASM Framework: Schneider Electric Infrastructure

*Insider Trades*

LG Balakrishnan & Bros: Promoter Nithin Karivardhan sold 4,000 shares on June 6.  

Usha Martin: Promoter Peterhouse Investments sold 1.5 lakh shares on June 6.  

Zydus Wellness: Promoter Zydus Family Trust bought 61,000 shares on June 6.  

Praveg: Promoter Sunita Paras Patel sold 65,000 shares on June 6. 

Gati: Promoter Group TCI Finance sold 25,000 shares on May 5. 

IRB Infrastructure Developers: Promoter Group Sudha Mhaiskar bought 5 lakh shares on June 5.  

Pricol: Promoter Group Pricol Engineering Industries bought 23,854 shares on June 5.  

*Money Market Update*

Rupee closed 0.07% lower against the U.S. dollar at Rs 82.55 on Wednesday, compared to Tuesday’s close of 82.61.

*F&O Cues*

Nifty June futures ended at 18,800.20, a premium of 127.25 points.

Nifty June futures rose 8.32% and 14,617 shares in Open Interest.

Nifty Bank June futures ended at 44,389.60, a premium of 80.55 points.

Nifty Bank June futures rose 1.39% and 1,280 shares in Open Interest.

Securities added to the ban period: Indiabulls Housing Finance, India Cements, Manappuram Finance.

*Source: Bloomberg Quint*