2023-04-11 05:31:02
Top 10 stocks to watch today
State Bank of India: The largest public sector lender in the country, State Bank of India (SBI) on Monday announced its plan to raise up to $2 billion for the financial year FY24 through the issuance of senior unsecured notes. The senior unsecured notes will be in US dollars or any other convertible foreign currency. Also, the board will consider whether to issue these notes through a public offer and or private placement.
Reliance Industries: After announcing its plan to revive the iconic soft drink, Campa-Cola, to build its presence in India's soft drinks market, Reliance Industries-backed Reliance Consumer Products is all set to compete with dairy brands like Amul and Mother Dairy by venturing into the ice cream and dairy market. The company is planning to launch ice cream products under its brand.
Bajaj Finserv: Bajaj Finserv Mutual Fund, which received Sebi's clearance to begin the mutual fund operations last month, has filed draft documents with the markets regulator for launching seven schemes in equity, debt and hybrid spaces. The newest player has filed papers to launch mutual fund schemes -- liquid fund, money market fund, overnight fund, arbitrage fund, large and mid-cap, balance advantage and flexi cap fund.
L&T: Larsen and Toubro on Monday said its hydrocarbon business, L&T Energy Hydrocarbon or LTEH, recently secured an order under its ‘advanced value engineering and technology’ vertical from Chambal Fertilisers and Chemicals. The order has been awarded by Chambal Fertilisers for licence plus engineering, procurement and construction of a technical ammonium nitrate.
Bajaj Auto: Bajaj Auto has announced that it has successfully completed the transfer of Triumph India's sales and marketing operations. The announcement comes after three years when the duo announced a strategic partnership in 2020. In a regulatory filing today, Bajaj Auto said "This launches the next phase of the partnership, effective from April 1st, 2023, where all the current 15 Triumph Motorcycle dealerships will be managed by Bajaj Auto.
Glenmark Pharmaceuticals: Glenmark Pharmaceuticals Ltd is considering selling a majority stake in Glenmark Life Sciences to pare debt, said two people familiar with the development. Kotak Mahindra Capital Co. Ltd has been hired to run the sale process, and the company has contacted buyout funds to gauge investor interest, the people said.
Bank of Baroda: Bank of Baroda on Monday reported its Q4 business update, said that the bank's total deposits grew by 15.1 per cent to ₹12.04 lakh crore as of the quarter ended 31 March 2023, as compared to ₹11.4 lakh crore in the corresponding quarter last fiscal. "Total Deposits of the bank grew by 15.1% YoY and 4.7% QoQ to Rs. 12.04 trillion as of 31st March 2023.," said the bank in its regulatory filing.
Vedanta: Anil Agarwal-led Vedanta Ltd on Monday said that the company would hold a meeting on April 13, 2023, to consider the issuance of non-convertible debentures (NCDs) on a private placement basis. “The Company proposes to hold a meeting of its duly constituted Committee of Directors on Thursday, April 13, 2023, to consider the proposal for issuance of Non-Convertible Debentures on a private placement basis.
JSW Steel: JSW Steel on Monday said the company reported its highest ever consolidated crude steel production at 24.15 million tonne in FY23, registering a growth of 24 per cent year-on-year. The company has reported its highest-ever quarterly consolidated crude steel production at 6.58 million tonnes for the March quarter of FY23, registering a growth of 13 per cent year-on-year (YoY) and 7 per cent quarter-on-quarter (QoQ).
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