Stocks in news: Tata Steel, IDBI Bank, Ultratech, Godrej Consumer, BEML
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Markets remained volatile for yet another session and ended on a flat note on Friday. In today's trade, shares of Tata Steel IDBI Bank , Ultratech, Godrej Consumer BEML among others will be in focus due to various news developments and first quarter updates. Suzlon Energy has received 'no adverse observations' letters from the NSE and BSE for a corporate restructuring plan where its wholly-owned subsidiary Suzlon Global Services will be merged with the parent entity. UltraTech Cement denied reports suggesting that it is under probe in a cement cartelisation case being investigated by the Competition Commission of India (CCI).RVNL received letter of award worth Rs 143.4 crore from Southern Railway for upgradation work of electric traction system.BEML said it has secured two separate export orders with a combined value of approximately $6.23 million.Tata Steel said it has received a demand letter from the office of the Deputy Director of Mines, Jajpur, regarding a revised assessment related to a shortfall in the dispatch of minerals from its Sukinda chromite block.The company's standalone business likely to deliver high-single digit value growth on back of mid-single digit UVG in Q1.The Brazilian Regulatory Authority completed GMP inspection of arm Shilpa Pharma Lifesciences and concludes with no major observations.IDBI Bank's total business rose 8% YoY at Rs 5.08 lakh crore. The total deposits increased 7% YoY to Rs 2.97 lakh crore.Olectra Greentech accepted resignation of KV Pradeep as Managing Director of the company with effect from July 4.
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