Stocks in news: Rajesh Exports, Suzlon, Lenskart, TaMo
Markets remained volatile on Wednesday and ended lower, extending the prevailing weak trend amid adverse global cues and persistent macroeconomic concerns. Technically, analysts say the Nifty has finally filled the gap on the daily chart around the 23,150 mark and witnessed a swift rebound thereafter. The sharp and divergent moves in the two key sectors—banking and IT—are keeping market participants uncertain about the next directional move, while other sectors continue to offer stock-specific trading opportunities on both sides.
In today's trade, shares of Rajesh Exports, Lenskart, Suzlon Energy, Aurobindo Pharma, Tata Motors among others will be in focus due to various news developments.
Lenskart
SoftBank has pared its stake in eyewear retailer Lenskart Solutions through a block deal worth about Rs 2,873 crore. According to exchange data, SoftBank affiliate SVF II Lightbulb (Cayman) sold 5.65 crore shares of Lenskart at Rs 508.55 per share, taking the total transaction value to about Rs 2,873 crore.
Rajesh Exports
Capital markets regulator Sebi has passed an interim order against Rajesh Exports and its promoter Rajesh Mehta, alleging large-scale financial misrepresentation, non-cooperation with investigators and possible inflation of the company's reported revenues. In a 109-page interim order issued on June 3, Sebi said its investigation and forensic review had uncovered prima facie evidence suggesting that about 97-99% of the company's revenue may have been inflated, describing the findings as "egregious and unheard of."
In today's trade, shares of Rajesh Exports, Lenskart, Suzlon Energy, Aurobindo Pharma, Tata Motors among others will be in focus due to various news developments.
Lenskart
SoftBank has pared its stake in eyewear retailer Lenskart Solutions through a block deal worth about Rs 2,873 crore. According to exchange data, SoftBank affiliate SVF II Lightbulb (Cayman) sold 5.65 crore shares of Lenskart at Rs 508.55 per share, taking the total transaction value to about Rs 2,873 crore.
Rajesh Exports
Capital markets regulator Sebi has passed an interim order against Rajesh Exports and its promoter Rajesh Mehta, alleging large-scale financial misrepresentation, non-cooperation with investigators and possible inflation of the company's reported revenues. In a 109-page interim order issued on June 3, Sebi said its investigation and forensic review had uncovered prima facie evidence suggesting that about 97-99% of the company's revenue may have been inflated, describing the findings as "egregious and unheard of."
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