Trending Stocks: Reliance, Delta Corp, Hero MotoCorp and others in news today

Reliance Industries

Reliance Brands and Plastic Legno SPA have formed a joint
venture (JV) through which Reliance Brands will acquire a 40% stake in Plastic
Legno SPA’s toy manufacturing business in India. Plastic Legno SPA is owned by
the Sunino group that has more than 25 years of experience in toy production in
Europe. The acquisition will bring in vertical integration for Reliance Brands’
toy business and help diversify the supply chain with a long-term strategic
interest in building toy manufacturing in India.

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Delta Corp

The company’s subsidiary Delta Pleasure Cruise Company
has started management of operations of the casino at the hotel “The Zuri
White Sands Goa, Resort and Casino”, located at Pedda Varca Salcete, Goa.
Following the opening of this casino by DPCCPL (subsidiary), the company now
operates five casinos in Goa.

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Welspun Enterprises

Welspun Enterprises Limited (WEL) has received its
single-largest order of Rs 4,636 crore from civic body Brihanmumbai Municipal
Corporation (BMC) for the Dharavi Wastewater Treatment Facility. Under this
project, a joint venture led by the company will design, build, operate and
maintain the Dharavi Wastewater Treatment Facility including the Tertiary
treatment facility under Mumbai Sewage Disposal Project, Stage II (Priority
Works), the company said in a statement.

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Bata India

BATA (BN) BV, the promoter of Bata India, divested a
2.56% stake of the footwear company for nearly Rs 613 crore through open market
transactions. The shares were bought by some domestic mutual funds (MFs),
foreign investors and an insurance company. According to the data, the promoter
offloaded a total of 32.95 lakh shares, amounting to a 2.56% stake in the
company. The shares were sold at an average price of Rs 1,860 per share,
aggregating the transaction size to Rs 612.87 crore.

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Hero MotoCorp

The country’s largest two-wheeler maker Hero MotoCorp
reported total sales of 4,86,704 units in May 2022. The company had sold
4,18,633 units in April 2022 and 1,83,044 units in May 2021 when sales were
impacted due to the second wave of COVID-19. Domestic sales stood at 4,66,466
units in May. The company had dispatched 1,59,561 units in the domestic market
in May 2021.

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Eicher Motors

The company reported a sale of 63,643 units of Royal Enfield
in May 2022, up 133% from 27,294 units sold in the same month last year. In May
2021, several states imposed lockdowns to control the spread of the Covid
virus. Eicher exported 10,118 units in May 2022, up by 40% over 7,221 units
sold in the corresponding month last year.

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Mold-Tek Packaging

Ashish R Kacholia & PAC (Himalaya Finance and
Investment Company) sold a 2.25% equity stake in the company via open market
transactions on May 31. With this, their shareholding in the company declined
to 4.55% from 6.8% earlier.

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Knowledge Marine & Engineering Works

The company has bagged a contract worth Rs 67.85 crore
from Dredging Corporation of India, for ‘capital dredging at Mangrol Fishing
Harbour Phase III Part B’, for a tenure of 12 months.

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Mishtann Foods

Mishtann Foods has seen a good response for Mishtann Pink
Rock Salt and has secured orders from major retailers for about 1700 metric
tonnes. The supply of these orders will start from July 2022.

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Butterfly Gandhimathi Appliances

CRISIL has upgraded the company’s long-term rating to
‘AA’ from ‘A-‘, and it’s short-term rating to ‘A1+’ from ‘A2+’.