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June 1: Coal India, M&M, Lupin, others, among stocks to watch out for

A late surge on the expiry day, along with a global recovery, helped the market close firmly in the green. The Sensex and the Nifty closed with a gain of over 1% for the May series after being flat for most part of the series.
Here are the top stocks to watch out for
  • Jaypee Group:  CK Birla Group firm Orient Cement has terminated the agreement to acquire two entities, Bhilai Jaypee Cement and Nigrie Cement Grinding Unit, from Jaypee group firms for a total consideration of Rs 1,946 crore.
  • Coal India:  Power Minister RK Singh said Coal India has given assurances of meeting the power ministry's coal demands, and said he was in regular touch with the ministry of coal and ministry of railways, regarding the shortage of coal. According to News Rise, the government is considering to sell the stake in the company this financial year, but is yet to decide the quantum.
  • NLC India, NMDC: The company and NMDC have signed a memorandum of understanding with Environmental Clean Tech, an Australian company, to form a joint venture to set up a Coldry-Matmor pilot plant in India.
  • Lupin: Lupin has launched Solosec (Secnidazole) 2g oral Granules in the US.
  • Tata Motors: The company has signed a memorandum of understanding with the Maharashtra government for deployment of 1,000 electric vehicles across its range of passenger and commercial vehicles in the state.
  • Mahindra and Mahindra: The auto major signed a memorandum of understanding with the Maharashtra government for the production and sale of electric vehicles and it would invest Rs 500 crore in its Chakan facility for the production of these cars.
  • HDFC Bank: The bank is seeking a shareholder nod to ratify and approve related party transactions with HDFC.
  • Sadbhav Engg: The company has bagged an order worth Rs 1,665 crore in Maharashtra.
  • Vedanta: The Income Tax department has decided to not sell Cairn UK's Vedanta shares because of drop in valuations in the company, sources say.
  • NCC: The company has bagged a package of three contracts for the Mumbai-Nagpur Expressway.
  • Dilip Buildcon: The company won an order worth Rs 1,750 crore in Maharashtra.
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