Top 10 Stocks to watch Today Tata Motors: The leading Indian | ACEink Official
Top 10 Stocks to watch Today
Tata Motors: The leading Indian automaker has announced its decision to separate its commercial and passenger vehicles businesses into distinct listed entities. This strategic move is designed to unlock potential value and reflects the company's confidence in the future of both sectors. The commercial vehicles (CV) division of Tata Motors, which manufactures trucks, vans, and buses, will operate separately from the passenger vehicles (PV) division that produces cars, SUVs, and electric vehicles (EV).
IIFL Finance: On Monday, the Reserve Bank of India (RBI) instructed IIFL Finance to cease the distribution of gold loans due to "significant supervisory concerns" identified in the non-banking financial company's gold loan portfolio. The central bank highlighted that these lapses, which include regulatory breaches, negatively affect customer interests.
Jindal Stainless Steel: The steelmaker's green hydrogen initiative is in line with the government's commitment to a greener and more sustainable future, and it will serve as a model for other industry participants to adopt clean technologies, said Jyotiraditya Scindia, the Union Minister for Aviation and Steel, on Monday. His remarks came at the launch of India's inaugural green hydrogen facility in the stainless-steel industry, established by Jindal Stainless Steel.
Macrotech Developers: Prominent real estate firm Macrotech Developers has launched a Qualified Institutional Placement (QIP) to raise approximately $400 million, according to multiple informed industry sources, reported Moneycontrol. The funds raised will be allocated towards land acquisition and debt repayment, said one of the sources. The launch of the deal was also confirmed by a second source.
Maruti Suzuki India: The carmaker is preparing for a significant SUV drive, with at least six out of every ten new models slated for launch over the next three years starting FY25 being SUVs. This move underscores the Japanese automaker's intent to intensify its focus on SUVs in response to a swift shift in consumer preference.
AU Small Finance Bank: On March 4, the Reserve Bank of India (RBI) announced its approval for the Amalgamation Scheme between Fincare Small Finance Bank and AU Small Finance Bank Ltd. The merger will officially take effect from April 01, 2024, RBI said. Post the merger date, all existing branches of Fincare Small Finance Bank Ltd will operate as branches of AU Small Finance Bank Ltd.
Jai Balaji Industries: A rare success story in the iron and steel sector, Jai Balaji Industries, has been added to several indices of the National Stock Exchange. The company has now entered the Nifty 500, Nifty 500 Multicap 50:25:25, Nifty SmallCap 250, and NSE Mid and Small Cap index. These inclusions will take effect from March 28. The company was also added to the MSCI Smallcap Index in November of the previous year.
Apeejay Surrendra Park Hotels: On March 4, the company announced a 46% increase in its consolidated net profit, reaching ₹27.42 crore for the third quarter ending December 31, 2023. In the corresponding quarter of the previous fiscal year, the company had reported a consolidated net profit of ₹18.77 crore. T
Angel One: The brokerage firm announced a 4.9% month-on-month and 60.8% year-on-year increase in its client base in February. The client base was 2.14 crore at the end of February, compared to 2.04 crore at the end of January and 1.33 crore at the end of February 2023.
Brigade Enterprises: The real estate developer based in Bengaluru has initiated the Dioro project at Brigade El Dorado spanning approximately 6.1 million square feet and is projected to generate revenue of ₹380 crore.
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