Top 10 Stocks to watch Today Jio Financial Services: On April | ACEink Official
Top 10 Stocks to watch Today
Jio Financial Services: On April 15, Jio Financial Services announced its joint venture with US-based BlackRock to expand into wealth management and brokerage services in India. In a stock exchange filing, the financial institution announced a 50:50 joint venture dedicated to wealth management initiatives, which includes establishing a wealth management company and a subsequent brokerage firm in India.
Vodafone Idea: The company is optimistic about its ₹18,000-crore follow-on public offer (FPO) receiving full subscription, particularly from anchor investors. The company's CEO, Akshay Moondra said that the company plans to roll out 5G services within six to nine months after the FPO. This will involve fast-tracking orders for 5G equipment from vendors.
Cipla: On April 15, Cipla revealed that its wholly owned subsidiary, Cipla Health Limited (CHL), has entered into a business transfer agreement to acquire the distribution and marketing business of Ivia Beaute Private Limited's cosmetics and personal care sector. This includes Ivia's brands such as Astaberry, Ikin, and Bhimsaini that have a global reach.
Aster DM Healthcare: Aster DM Healthcare is planning to double its bed capacity to over 10,000 in the next three years. This expansion will be achieved through both acquisitions and organic growth, according to the company's CEO, Nitish Shetty, in an exclusive interview with Mint. Currently, the hospital chain has approximately 5,000 beds, an increase from 4,800 the previous year.
Asian Paints: On April 15, Asian Paints launched a new product, Neo Bharat Latex Paint, marking its entry into a novel paint category. This move was spurred by the sector's robust growth, fueled by increasing urbanization and rising disposable incomes, which has prompted existing market players to seize the burgeoning demand and increase their market share.
Reliance Infrastructure: The Mumbai division of the National Company Law Tribunal (NCLT) has concluded the corporate insolvency proceedings against Mumbai Metro One Pvt. Ltd, a subsidiary of Reliance Infrastructure, following a one-time settlement agreement between the company and its lenders, according to regulatory filings.
Tata Consultancy Services: TCS plans to recruit approximately 40,000 fresh graduates in the fiscal year 2025, matching the number hired the previous year, said CEO and MD K Krithivasan to Moneycontrol. This announcement comes amidst a period of declining headcount for the company, with three consecutive quarters of reduction. He added that the hiring of fresh graduates in FY25 would be on par with the previous year.
Mahindra & Mahindra: Mahindra Group has announced an investment of ₹1,200 crore for the development of a 150 MW solar and wind power project in India, stated Mahindra & Mahindra on April 15 in an excahnge filing. The project will be undertaken by Mahindra Susten, a subsidiary of the Mahindra Group, with Ontario, a global investor, serving as a strategic partner.
LIC, Hindustan Unilever: According to an exchange filing on April 15, the Life Insurance Corporation of India (LIC) has raised its stake in the FMCG giant Hindustan Unilever. The stake was increased from 4.99 percent to 5.01 percent. The filing disclosed that LIC has increased its shareholding in HUL from 11,74,63,555 to 11,77,18,555 Equity Shares, which is equivalent to an increase from 4.99% to 5.01% of the company's paid-up capital.
Container Corporation of India: CONCOR announced an annual growth of over 8% in the total physical volume it handled in FY24 in its provisional updates for the quarter and financial year ending March 31, 2024, released on Monday. It showed CONCOR handled 12,44,798 twenty-feet equivalent units (TEUs) in Q4FY24, a 11.24% QoQ increase.
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