Top 10 Stocks to watch Today Angel One: On March 26, the comp | ACEink Official
Top 10 Stocks to watch Today
Angel One: On March 26, the company announced the launch of a Qualified Institutional Placement (QIP) issue with a base price of ₹2,555 per share, which is approximately 7% lower than the current market price. Today, Angel One's shares closed at ₹2,750 each on the NSE, marking a 3.36% increase.
Central Depository Services (India): Standard Chartered Bank is preparing to divest its entire stake in Central Depository Services (India) Ltd (CDSL) through a block deal. The bank plans to sell 7.5 million shares, which equates to a 7.18% stake in CDSL, as per a term sheet examined by Mint. The overall value of the deal is projected to reach up to $151 million.
Aster DM Healthcare: Olympus Capital Asia Investments, a private equity firm, is expected to offload up to 9.8% of its equity stake in a private healthcare services provider via a block deal, as per several industry insiders who spoke to Moneycontrol. The block deal is estimated to be worth around $235 million, with a set floor price of ₹400 per share. As of December 2023, Olympus Capital Asia Investments owned an 18.96% stake in Aster DM.
Piramal Enterprises: The financial services division of the Piramal Group, Piramal Enterprises, announced on Tuesday, March 26, that it has made an investment of ₹2,000 crore in its wholly-owned subsidiary, Piramal Capital & Housing Finance Ltd (PCHFL), through a rights issue subscription, as per a stock exchange filing.
Adani Power: On Tuesday, the Competition Commission of India gave its approval for Adani Power's purchase of Lanco Amarkantak Power, as stated in an order by the antitrust watchdog. Adani Power intends to acquire full ownership and control of the bankrupt Lanco Amarkantak following a corporate insolvency resolution process (CIRP), according to the CCI.
Cipla: Sanofi India and Sanofi Healthcare India have declared an exclusive alliance with Cipla for the distribution and promotion of six of Sanofi India's central nervous system (CNS) products in India. This includes Frisium, a top brand in the anti-epileptic medication category.
Shyam Metalics and Energy: In a joint venture with Natural Resources Energy (NREPL), Shyam Metalics has been granted a Letter of Intent by the Industry, Energy, Labour, and Mining Department of the Maharashtra Government. This letter pertains to a composite license for an iron ore block spanning 1,526 hectares in Maharashtra.
Wipro: Peter J. Arduini, the President and CEO of GE HealthCare, has announced that the company's India unit is set to further strengthen its position in GE HealthCare's global supply chain. The unit plans to invest ₹8,000 crore over the next five years, starting from the upcoming financial year.
GAIL (India): The state-owned natural gas company is set to commission its inaugural green hydrogen project in central India in April, according to three anonymous company sources. The green hydrogen production unit at the Vijaipur complex in Madhya Pradesh state will utilize a 10-megawatt proton exchange membrane electrolyser imported from Canada.
Wockhardt: Investment funds overseen by seasoned investors Madhusudan Kela and Prashant Jain have participated in the QIP of Wockhardt, as revealed in an exchange filing. The company confirmed the closure of the institutional share sale on Tuesday, raising ₹480 crore in the process.
ZEE Entertainment Enterprises: The company's board has set up a Monthly Management Mentorship Program designed to assist the management team in achieving key performance indicators, including the 20% Ebitda margin target set by Managing Director and CEO Punit Goenka.
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