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Stocks To Watch On April 9: Benchmark indices reached their contemporary report highs on Monday, amid optimism in international markets. In right now’s commerce, shares of Gland Pharma, Axis Bank, Tata Motors, UCO Bank, Jana SFB amongst others will probably be in focus due to numerous information developments.
Axis Bank: Private fairness agency Bain Capital to promote remaining holding in Axis Bank by way of block deal right now, within the worth vary of Rs 1,071 – Rs 1,076 per share.
Tata Motors: The auto main’s Jaguar Land Rover (JLR) gross sales rose 11 per cent YoY in This autumn to 114,038 models, pushed by elevated manufacturing and sustained international demand. For the total yr FY24, gross sales grew by 22 per cent to 431,733 models.
Reliance (RIL): The firm’s telecom arm – Reliance Jio continued to strengthen its place, including 3.59 million new customers in February thus cornering up to 40% of the market share, in accordance to the newest information from the Telecom Regulatory Authority of India (Trai).
Auto: According to the Federation of Automobile Dealers Associations (FAdA), the choice by the RBI to hold the repo charge unchanged for 14 months will “badly impact” retail auto gross sales.
Yes Bank: Received Rs 244 crore from a single belief in its Security Receipts Portfolio, following the sale of the NPA Portfolio to JC Flower ARC in December 2022.
Muthoot Microfin: Kochi-based microfinance establishment, Muthoot Microfin’s belongings underneath administration (AUM) posted a 32 per cent YoY progress within the March 2024 quarter to Rs 12,194 crore.
Dilip Buildcon: Won an order price of Rs 1,092 crore from Haryana Rail Infrastructure Development Corp on EPC mode.
CG Power: Bhopal GST and Excise authorities have despatched a Rs 4.1 crore tax discover to the corporate for allegedly wrongly availing and reversing enter tax credit score in FY19.
Gland Pharma: Two entities – Nicomac Machinery and RP Advisory Services – are seemingly to promote upto 4.4% stake in Gland Pharma by means of block offers on Tuesday, in accordance to information stories.
UCO Bank: UCO Bank’s whole deposits rose 5% to Rs 2.6 lakh crore, whereas advances elevated 16% to Rs 1.87 lakh crore within the quarter ended March 2024.
Jana SFB: Rajesh Rao has resigned because the Chief Operating Officer (COO) of Jana Small Finance Bank with impact from July 5.
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