Stocks To Watch On April 3: Domestic markets took a breather on Tuesday after scaling contemporary highs a day earlier. Factors resembling a rising greenback, rising US bond yields, and a notable uptick in crude oil costs collectively dampened investor sentiments.
Zee Entertainment Enterprises: Managing Director and Chief Executive Officer, Punit Goenka, will take a 20-per cent reduce in his private remuneration on grounds of specializing in the corporate’s development plans.
Ultratech Cement: India’s largest cement producer will make investments Rs 32,400 crore within the subsequent three years as a part of its ongoing growth plans. Besides, the corporate had beforehand said plans to improve its cement manufacturing capability to shut to the 200 million tonne each year (mtpa) mark.
JSW Energy: The Board of JSW Energy has permitted elevating up to Rs 5,000 crore by means of a QIP. Floor value has been fastened at Rs 510.09 apiece, a 6 per cent low cost to the corporate’s final closing value.
PC Jeweller, Karur Vysya Bank: Karur Vysya Bank has acceptee ‘One Time Settlement’ proposal submitted by PC Jeweller.
HCLTech: The firm’s arm accomplished divestment of 49 per cent stake in JV with US-primarily based State Street for $172.5 million.
DroneAcharya Aerial Innovations: DroneAcharya Aerial Innovations has secured a big work order valued at Rs 4.67 crore for Drone and Geographic Information System (GIS) Data Processing from the United Kingdom.
Anupam Rasayan: The speciality chemical maker has signed Letter of Intent value income of $90 million (Rs 743 crore) for the subsequent seven years with one of many main Japanese firms to provide two advance intermediates utilizing fluorination chemistry.
Moil: The firm has recorded greatest-ever manufacturing of any monetary yr since inception at 17.56 lakh tonnes, registering a development of 35 per cent yr-on-yr. This is 29 per cent increased than the earlier greatest ever manufacturing of 13.64 lakh tonnes in FY 2007-08.
The firm has additionally achieved its greatest-ever gross sales of 15.36 lakh tonnes in FY24, up 30 per cent Y-o-Y.
PNC Infratech: The firm signed Rs 117 crore settlement pacts with NHAI in the direction of one-time settlement of contractual disputes.
Nalco: The National Aluminium Company has achieved the very best-ever Cast Metal manufacturing of 4,63,428 Metric Tonnes, highest-ever Bauxite Excavation of 76,00,230 Metric Tonnes, and the very best-ever Metal Sale of 4,70,108 Metric Tonnes, surpassing all earlier information since inception.
In FY24, the corporate has additionally added a brand new Aluminium Alloy Ingot (AL59) to its product vary.
Ashiana Housing: The firm has knowledgeable by way of trade submitting that the complete 224 models in Phase 3 of ‘Ashiana Amarah’ (Gurugram) have been transformed into reserving by March 30, 2024, having sale worth of Rs 440.32 crore.
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