Top 10 Stocks to watch Today Wipro: Thierry Delaporte, the CE | ACEink Official
Top 10 Stocks to watch Today
Wipro: Thierry Delaporte, the CEO and MD of Wipro, has stepped down from his role, as announced in a regulatory filing by the company on April 6. His term as CEO was originally set to conclude in July 2025, but it was prematurely ended with his resignation announced late on Saturday. Delaporte will be officially relieved of his CEO duties from May 31, 2024.
Larsen and Toubro: L&T Defence, the defence equipment arm of Larsen and Toubro, plans to expand into the production of non-military equipment and infrastructure. This strategy aims to optimize the use of its assets while the company anticipates securing larger defence contracts.
Adani Green Energy: The company has announced plans to invest approximately ₹1.5 trillion by 2030 to establish the world's largest renewable energy plant at the Khavda renewable energy park in Gujarat. This plant, with a capacity of 30 gigawatts, was revealed by the company's head, Vneet Jaain, during a media interaction on Saturday.
Vodafone Idea: The board of Vodafone Idea has given the green light for the allocation of shares valued at ₹2,075 crore to Oriana Investments Pte. Ltd, an Aditya Birla group entity, on a preferential basis. The shares will be issued at ₹14.87 each, which is higher than the closing price of ₹13.36 on the BSE on Friday.
JSW Energy: JSW Energy has successfully concluded its Qualified Institutions Placement (QIP) worth ₹5,000 crore, attracting significant interest from prominent global long-only investors, domestic mutual funds, and insurance companies, as stated in an exchange filing on April 5.
Indiabulls Real Estate: Indiabulls Real Estate announced on Friday that its board has sanctioned a fundraise of ₹3,911 crore via the issue of shares and warrants to investors, which include the Blackstone Group and the Embassy Group. The global investment firm Blackstone will contribute ₹1,235 crore, while the Embassy Group, based in Bengaluru, will inject ₹1,160 crore.
Info Edge: On April 7, Info Edge disclosed its Q4 business update for FY24. The firm witnessed a 5.48% YoY increase in its standalone billings for Q4 FY24, amounting to ₹2,495.9 crore, a rise from ₹2,366.3 crore during the same period the previous year.
Titan: The company reported a 17 percent year-on-year (YoY) increase in revenue for the fourth quarter of FY24, according to a preliminary update released on April 5. During this quarter, the company expanded its retail presence by adding 86 new stores, bringing the total number of outlets across the country to 3,035.
Adani Wilmar: The company reported a double-digit expansion in its edible oil and food business sectors, driven by an increase in retail involvement and a focus on under-indexed markets in the quarter ending March 31, according to a preliminary update released on April 5.
Zee Entertainment and Enterprises: On April 5, ZEEL announced that its Managing Director and CEO, Punit Goenka, has proposed a lean and efficient management structure to the board. This proposal aligns with his strategic plan aimed at achieving the company's targeted objectives.
Cochin Shipyard: On April 6, Cochin Shipyard announced its signing of the Master Shipyard Repair Agreement (MSRA) with the United States Navy. The company qualified for the MSRA following a comprehensive evaluation and capability assessment by the US Navy's Military Sealift Command, as stated in a regulatory filing.
United Breweries: The company disclosed on Friday, April 5, that the Maharashtra State Goods & Service Tax (GST) Department has levied a tax demand of ₹263.72 crore on it. As per a regulatory disclosure, the GST department issued an order imposing an extra tax of ₹119.8 crore, interest of ₹115 crore, and a penalty of ₹28.8 crore, totaling ₹263.7 crore for the fiscal year 2020.
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