Top 10 Stocks to watch Today Aditya Birla Fashion and Retail: | ACEink Official
Top 10 Stocks to watch Today
Aditya Birla Fashion and Retail: ABFRL is contemplating a vertical split of its Madura Fashion & Lifestyle division into an independent publicly traded entity, as stated in a stock exchange filing on Monday. This proposed split is expected to result in two separate publicly traded companies, each functioning as an independent growth platform with unique capital structures and concurrent opportunities for value creation, ABFRL said.
Infosys: The IT company announced on Monday that it has received a tax demand of ₹341 crore for the assessment year 2020-21 from the Income Tax department, on March 31, 2024. Infosys said it is examining the impact of this order on its financial statements for the quarter and fiscal year ending on March 31, 2024. The company is also considering the possibility of filing an appeal against this order.
Reliance Industries, Bharti Airtel, Vodafone Idea: Reliance Jio, the largest telecom company in India and a subsidiary of Reliance Industries, saw an increase of 41.78 lakh mobile subscribers in January 2024, bringing its total mobile user base to 46.39 crore. Bharti Airtel, led by Sunil Mittal, also experienced growth, adding 7.52 lakh wireless subscribers and raising its total mobile count to 38.24 crore during the same period. Conversely,
Sanofi India: Rodolfo Hrosz, managing director of Sanofi India, said in an interview with Mint that the company is focusing on India and has extensive plans to further strengthen its presence in this crucial region. In line with its strategy, Sanofi will launch new products, including Soliqua, a pre-mix insulin drug, and Xenpozyme, a treatment for late-onset pompe disease.
Hindustan Aeronautics: HAL announced on Monday that it has achieved a revenue from operations exceeding ₹29,810 crore (provisional and unaudited) for the fiscal year 2023-24, marking an approximate growth of 11 per cent, compared to the 9 per cent growth in the previous fiscal year. The revenue for the preceding year was ₹26,928 crore, as stated by the defence PSU headquartered in Bengaluru.
NTPC: On Monday, the state-owned power company announced that it has augmented its power generation capacity by 3,924 MW in the fiscal year 2023-24, thereby raising the total installed capacity to approximately 76GW. This increase includes the inauguration of the second unit in Bangladesh and the first-ever capacity addition by its subsidiaries, NTPC Green Energy Ltd (NGEL) and NTPC Renewable Energy Ltd (NREL), during the fiscal year ending on March 31, 2024, as per a company statement.
Alembic Pharmaceuticals: The company announced on Monday that it has received provisional approval for its generic Ribociclib tablets, which are used in breast cancer treatment, in the quarter ending March. The US Food & Drug Administration has granted tentative approval for Ribociclib tablets with a potency of 200 mg, as stated in a regulatory filing by Alembic.
South Indian Bank: On Monday, April 1, the South Indian Bank released its fourth-quarter business update, revealing that the bank's gross advances rose to ₹80,337 crore, up from ₹77,786 crore in the previous quarter. The bank also saw an increase in total deposits, which reached ₹1.02 lakh crore, compared to ₹99,155 crore in the previous quarter.
AU Small Finance Bank: On Monday, AU Small Finance Bank (AU SFB) successfully merged Fincare Small Finance Bank (Fincare SFB) into itself, marking the first such consolidation in the sector. This all-stock merger, initially announced on October 29, 2023, saw Fincare SFB shareholders receive 579 AU SFB equity shares for every 2,000 they held in Fincare SFB.
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