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Market News

Stocks to watch today: Som Distilleries, Sun Pharmaceutical, Indian Oil & more

Upstox
By Upstox News Desk

2 min read | Updated on June 20, 2024, 08:23 IST

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SUMMARY

Indian Oil Corporation has formed a joint venture (JV) with biofuel firm GPS Renewables Pvt Ltd to advance biofuel adoption across India. The JV will work on integrating advanced biogas technologies to convert organic waste into compressed biogas

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Stocks to watch on Thursday, June 20.

The GIFT NIFTY (formerly SGX NIFTY) is trading flat, hinting at a subdued start for Indian stock exchanges on Thursday, June 20. Asian markets are trading mixed, with Hong Kong's Hang Seng index up 0.3% and Japan's Nikkei 225 down 0.7%. Here are a few stocks that could be in focus today.

Som Distilleries and Breweries: The Excise Department of the Madhya Pradesh government has revoked the license of the alcohol manufacturing company following reports of child labour at its Bhopal unit emerged earlier this week.
Sun Pharmaceutical Industries: The pharmaceutical company has received a warning letter from the United States Food and Drug Administration (US FDA) for its Dadra facility. The warning letter summarises current good manufacturing practice (cGMP) regulations.
Indian Oil Corporation: The petroleum refineries company, Indian Oil Corporation, has formed a joint venture (JV) with biofuel firm GPS Renewables Pvt Ltd to advance biofuel adoption across India. The JV will work on integrating advanced biogas technologies to convert organic waste into compressed biogas, which is a cleaner and renewable energy source.
Eimco Elecon: The company has bagged an order worth ₹33.11 crores from The Singareni Collieries Company Ltd to supply coal mining equipment before February 28, 2025.
Brigade Enterprises: The real estate developer has signed an agreement to develop a third tower of the World Trading Center at Infopark, Kochi. The ₹150 crore project will be 16 storeys high and would generate around 2,700 direct jobs.
Uplearn

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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