Last Updated: February 15, 2024, 08:20 IST
Stocks To Watch On February 15: Equity markets staged a restoration from the day’s low to shut greater on Wednesday, buoyed by beneficial inflation figures from the UK, contributing to a widespread restoration. In at the moment’s commerce, shares of BPCL, ABFRL, Paytm, Muthoot Finance, HUL amongst others shall be in focus.
BPCL: BPCL ESPS Trust on Wednesday offered 0.3% stake in Bharat Petroleum Corporation by means of the open marketplace for round Rs 400 crore.
HUL: The Andhra Pradesh Government and Hindustan Unilever Limited are wanting to collaborate on palm oil manufacturing within the state.
Reliance (RIL): The Mukesh Ambani-led agency is in talks the Walt Disney Company, to purchase 29.8 per cent stake in Tata Play. This transfer is seen as a part of RIL’s broader technique to deepen its footprint in India’s tv distribution sector.
Paytm: The Directorate of Enforcement (ED) has launched a preliminary investigation or a pre-open inquiry into alleged violations associated to the Foreign Exchange Management Act (Fema) within the Paytm Payments Bank case, sources mentioned. ED is learnt to have sought additional clarification on the matter from the central financial institution.
NMDC: Posted a 62.6 per cent development in Q3 consolidated web at Rs 1,470 crore on a yr-on-yr foundation, backed by 45.4 per cent leap in income from operations to Rs 5,410 crore.
Glenmark Pharma: Reported a consolidated web lack of Rs 449.60 crore for Q3FY24 as towards a web revenue of Rs 185.80 crore in Q3Fy23. Revenue from operations declined 19.1 per cent YoY to Rs 2,506.70 crore.
Utkarsh Small Finance Bank: Post passing a decision for a reverse merger between the holding firm Utkarsh Core Invest (UCL) and the financial institution, the UCL board has urged initiating steps in direction of the identical.
Vedanta: The mum or dad firm of the Indian miner could promote about $1 billion price shares within the firm to GQG Partners through block offers, studies urged.
Coal India: The agency has maintained the highest place amongst all Central Public Sector Enterprises (CPSEs) in Government e-Marketplace (GeM) procurement. As on Feb 14, 2024, the procurement by means of GeM soared to Rs 63,890 crore, which is 300 per cent of the annual goal of Rs 21,325 crore.
Auto: Analysts at ranking company ICRA anticipate gross sales of Commercial car (CV) in India to see a dip in FY25. The CV trade is anticipated to finish FY24 with a 2-5 per cent development in quantity however in FY25 it could decline by 4-7 per cent.
