Last Updated: March 20, 2024, 08:26 IST
Stocks To Watch On March 18: Tracking Asian friends’ bitter sentiments, Indian markets declined on Tuesday, persevering with its current pessimism. Analysts say the correction was additionally triggered by considerations over premium valuations and the delay of charge cuts by the US Fed due to hotter-than-anticipated inflation.
LIC: Sebi confirmed a securities market ban on 5 entities, together with an worker of Life Insurance Corporation of India (LIC), in a case pertaining to entrance-operating trades of the state-owned insurer.
Zomato: Zomato Founder and CEO Deepinder Goyal introduced the launch of a “Pure Veg Mode” service to cater to prospects who’ve pure vegetarian dietary choice.
Bharti Airtel: Capital markets regulator Sebi authorized the preliminary public provide (IPO) of Bharti Airtel’s unit Bharti Hexacom.
SBI Cards: The Board of SBI Cards has declared an interim dividend of Rs 2.5 per share for the monetary yr ending 2023-24. The firm has additionally fastened a report date of March 28 for the proposed dividend.
Vodafone Idea: ATC Telecom has requested Vodafone to convert the previous’s optionally convertible debentures price Rs 1,440 crore into fairness shares of the telecom firm.
UltraTech Cement: The CCI has authorized the corporate’s acquisition of Kesoram Industries’ cement enterprise.
TCS: US-based mostly Central Bank, which is a number one Midwest regional financial institution, has chosen TCS BaNCS to modernise its core expertise.
JK Cement: JK Cement mentioned it has submitted the profitable bid for “Mahan coal block” and “West of Shahdol (South) coal block” within the current business coal mine e-public sale. However, the allocation order is but to be issued and Coal Mine Development and Production Agreement is but to be signed.
Aurobindo Pharma: It has acquired US FDA approval for Mometasone Furoate Monohydrate Nasal Spray in energy of fifty mcg per spray.
GPT Health: Q3 income of the corporate rose 4.2 per cent YoY to Rs 96.6 crore. Net revenue grew 37 per cent to Rs 11.5 crore.
Star Health: ICICI Prudential Mutual Fund purchased 35.74 lakh shares or 0.61 per cent stake within the firm at Rs 540 apiece by way of bulk offers, NSE knowledge confirmed.
NBCC: The firm’s subsidiary, HSCC (India), has secured a Rs 14 crore work order.
Protean eGov Technologies: Sudeep Bhatia has resigned as CFO of the corporate efficient June 14, 2024.
Venky’s: The firm has began business manufacturing at Kesurdi unit to manufacture veterinary medicines powders (600 tonnes/annum) and veterinary medicines liquids (300 kilolitres / annum) to cater to rising demand from poultry trade.
Shakti Pumps: The board has authorized a QIP of up to Rs 200 crore at a ground worth of Rs 1,272.09 per share.
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