Top 10 Stocks to watch Today Paytm: One97 Communications, par | ACEink Official

Top 10 Stocks to watch Today

Paytm: One97 Communications, parent company of Paytm, saw its UPI market share fall to 9 percent in March, as per NPCI data. This is the lowest it has been in the last four years. This downturn is linked to the regulatory constraints placed on its associate, Paytm Payments Bank Limited (PPBL), by the Reserve Bank of India (RBI).

Godrej Properties: The Real Estate Regulatory Authority in Gurugram has denied the extension application for the Godrej Air Phase 4 project, a group housing project being developed by Godrej Properties in Sector 85, Gurugram. The rejection was due to persistent non-compliance with the Real Estate (Regulations & Development) Act 2016.

RattanIndia Power: Ankur Mitra has stepped down from his role as the Chief Financial Officer (CFO) and key managerial personnel of the company, effective from April 9. On the same date, the board has named Manish Ratnakar Chitnis as the new CFO.

Aditya Birla Fashion and Retail: The company has established a new entity, Aditya Birla Lifestyle Brands to facilitate the proposed separation of the Madura Fashion and lifestyle businesses from the parent company, as announced earlier.

IndusInd Bank: IndusInd International Holdings (IIHL), the promoter of IndusInd Bank, has entered into a definitive agreement with Invesco India Asset Management to establish a joint venture. As part of this agreement, IIHL will secure a 60 percent stake in Invesco India Asset Management, while Invesco Limited will maintain a 40 percent stake in the newly created joint venture.

Protean eGov Technologies: The IT-enabled solutions company is reportedly preparing to initiate a Qualified Institutional Placement (QIP), according to informed sources. The QIP offering is set to include a base issue size of ₹170 crore along with a green shoe option of ₹75 crore, reported CNBC-TV18. Equirus has been selected as the banker for the transaction.

ICICI Lombard General Insurance, PB Fintech: On April 9, the general insurance company announced its strategic alliance with Policybazaar, a digital insurance platform. This collaboration aims to combine ICICI Lombard's diverse product portfolio with Policybazaar's extensive reach, to offer accessible insurance solutions to approximately 1 crore customers.

Lupin: The pharmaceutical firm has introduced its inaugural generic variant of Oracea (Doxycycline capsules, 40 mg) in the United States, following the receipt of approval from the United States Food and Drug Administration (US FDA).

Shyam Metalics and Energy: The metals manufacturing firm has revealed plans to set up a new facility for the production of stainless steel hot rolled coils (HRC) at its existing plant in Sambalpur, Odisha with an investment of ₹650 to ₹750 crore, the company said in an exchange filing on April 9.

Exide Industries: The battery manufacturer announced on Tuesday that it has purchased a 26% stake in Clean Max Arcadia Private Ltd for ₹5.34 crore. Exide disclosed in a regulatory filing that it has entered into an agreement to acquire this stake in Clean Max Arcadia, a Special Purpose Vehicle (SPV) established and promoted by Clean Max Enviro Energy Solutions Pvt Ltd for the production and supply of solar power, with an aim to become a captive consumer of solar power.

Patel Engineering: The Mumbai-based EPC firm anticipates that its order book will increase to approximately ₹25,000 crore in FY25, up from ₹19,134 crore as of December 2023 (Q3FY24), according to the company's CFO, Kavita Shirvaikar, reported Moneycontrol.

PB Fintech: On April 9, PB Fintech, the parent company of Policybazaar, a digital insurance platform, declared the setting up of its fully-owned subsidiary, PB Pay. The incorporation of PB Pay, established to operate as a payment aggregator, was approved by the promoter of PB Fintech last month, with a paid-up capital of ₹27 crore.
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