21 June 2024
21.06.2024
MAJOR HAPPENINGS TODAY
Equity mutual fund inflows surged 83.42% to
a record high of Rs 34,697 crore in May.
Inflows into open-ended equity funds
remained in the positive zone for the 39th
month in a row. Inflows into equity mutual
funds have zoomed past the Rs 30,000 crore
level for the first in May 2024.
Paytm’s share of the unified payments
interface (UPI) market in India fell for a fourth
straight month. Paytm accounted for 8.1% of
total UPI transactions in May, down from 13%
in January. Company was rocked in January
when the RBI ordered Paytm Payments Bank
Ltd., a banking affiliate, to wind down
operations. The banking affiliate known as
PPBL isn’t controlled by Paytm but is part of
founder and Chief Executive Officer Vijay
Shekhar Sharma’s fintech empire. UPI network
processed a record 14.04 billion transactions
in May, up 5.5% month-on-month. Walmart
owned PhonePe maintained its dominant
position in the market with a 49% share in
May, while Google Pay boasted a 37% share.
21.06.2024
MARKETS
STOCKS TO WATCH OUT
MapMyIndia
Suzlon
RCF
BlueDart
Indus Towers
Zomato
NFL
FACT
Muthoot Microfinance
Indian Hotels
Grasim
Bata
Stock under F&O Ban
Birlasoft, GNFC, Hindustan Aeronautics, Indus
Towers, Balrampur Chini Mills, Hindustan
Copper, Piramal Enterprises
21.06.2024
NEWS YOU CAN USE
Nestle India board will meet on July 8 to
declare an interim dividend for FY 2024-
2025. The record date for the same is fixed
as July 16.
Bajaj Consumer Care board has fixed the
record date for determining the names of
equity shareholders for the buyback on July
2.
Persistent Systems recommended a
dividend of Rs 10 per equity share for FY
2023-2024.
JM Financial was directed by SEBI to refrain
from accepting new mandates as a lead
manager in public issues of debt securities
until March 31, 2025, or until further
notice.
Indiabulls Real Estate has changed its name
to ‘Equinox India Developments Ltd’ with
effect from June 20.
21.06.2024
NEWS YOU CAN USE
Amara Raja Energy & Mobility acquired an
additional 4.5% stake in electric vehicle
battery maker InoBat for Rs 180 crore. Now
the company's total holding will be around
9.32% of its equity stake in InoBat AS.
GE Power received a letter of intent from
NTPC GE Power Service to renovate and
modernize LMZ steam turbines. The order
size is Rs 243 crore.
Time Technoplast received final approval
from PESO for the manufacturing and
supply of high-pressure type-IV composite
hydrogen cylinders.
Tube Investments subsidiary TL Clean
Mobility has allotted 3.1 crore Series A3
compulsorily convertible preference shares
and 50 equity shares to Luxembourg
Specialist Investment Fund FCP-RAIF.
21.06.2024
DO YOU KNOW?
Patents grants by country of origin and
field of technology
China tops the charts in patent grants
followed by USA and Japan. India is far
behind.
Source – www.wipo.int/ipstats
QUOTE OF THE DAY
“The stock market is a device to transfer
money from the impatient to the
patient.”
- Warren Buffett
