PRE-MARKET INDIAN STOCKS NEWS: Eicher Motors (EIM IS) Royal Enfield May sales rose 15% Y/Y to 103.2k units, while domestic sales rose 24% Y/Y to 94.1k units

Alkem Laboratories (ALKEM IS) - Samprada and Nanhamati Family Trust are likely to sell up to a 1.5% stake in the Co. via a block deal, with the floor price set at INR 5,200/shr. (Moneycontrol)Axis Bank (AXSB IS) - Co. raised its stake in Axis Max Life Insurance to 19.9% after additionally investing up to INR 3.8bln. (ET)Canara Bank (CBK IS) - Central Government appointed Brajesh Kumar Singh as the Co.’s Managing Director and Chief Executive Officer. (Moneycontrol)Eicher Motors (EIM IS) - Co.’s Royal Enfield May sales rose 15% Y/Y to 103.2k units, while domestic sales rose 24% Y/Y to 94.1k units. (ET)NHPC (NHPC IS) - Government will sell up to a 6% stake in the Co. through an OFS, including a 3% greenshoe option, with the floor price fixed at INR 71/shr. (Moneycontrol)NMDC (NMDC IS) - Co. May iron ore production rose 19.9% Y/Y to 5.31MT, while iron ore sales fell 6.9% Y/Y to 4.04MT. (Moneycontrol)Ola Electric Mobility (OLAELEC IS) - Co. approved the opening of its QIP issue and fixed the floor price at INR 37.74/shr. (ET)PNC Infratech (PNCL IS) - Co. received a Letter of Acceptance worth INR 1.94bln from Lucknow Development Authority for construction of a four-lane flyover in Uttar Pradesh on an EPC basis. (Moneycontrol)Wipro (WPRO IS) - Co. will acquire an additional 20% stake in insurtech firm Aggne Global for USD 28.5mln, taking its overall shareholding to 80%. (ET)