RIL, Vedanta, Tata Motors, Gopal Snacks, Patanjali, HAL, and Other Stocks to Monitor
Investing Ideas March 14: On Wednesday, benchmark indices fell more than 1% as a result of intense selling pressure and a precipitous decline in small- and mid-cap indexes. Due to a number of news events, shares of ITC, Vedanta, Tata Motors, Cyient, Gopal Snacks, and Droneacharya Aerial, among others, will be the subject of attention in today’s trading.
Reliance Industries: On Thursday, RIL and two Paramount Global subsidiaries inked a legally binding contract for RIL to purchase Paramount Global’s interest in Viacom18 Media Pvt. Ltd. for a total of Rs 4,286 crore.
Gopal Snacks: On Thursday, the company’s shares will make their market debut on stock markets, with an issue price of Rs 401 per share.
Hindustan Aeronautics: In order to purchase 34 cutting-edge light helicopters and related equipment for the Indian Army and Coast Guard, the Ministry of Defence (MoD) and Hindustan Aeronautics have inked two contracts totaling Rs 8,073 crore.
KEC International: Across all of its operations, the firm has received orders totaling Rs 2,257 crore.
Tata Motors: The business and the Tamil Nadu government have inked a memorandum of understanding for an investment of Rs 9,000 crore to establish a car manufacturing plant.
DLF: For Rs 735 crore, Cholamandalam Investment and Finance Company purchased 4.67 acres of land in Chennai from DLF Ltd.
The business has also made the decision to use debt instruments to raise an additional Rs 600 crore.
Som Distilleries: On April 2, 2024, the Board of Directors of the firm will convene to discuss the possibility of splitting or dividing shares.
Grasim Industries: The Board of Directors’ Finance Committee has given the go-ahead to raise Rs. 1,250 crore via the issue of non-convertible debentures.
Federal Bank and South Indian Bank: Both banks have received instructions from the Reserve Bank of India to cease producing new credit cards under their joint brands.
Hudco: On Wednesday, March 20, the Board of Directors will convene to discuss the declaration of the interim dividend for the fiscal year 2024.
Patanjali Foods: The establishment of the company’s two fully owned Indian subsidiaries has been authorized by the board of directors. Additionally, the business announced an interim dividend of Rs 6 per share.
Indian Hume Pipe: The Telangana government placed orders with the business for water supply and sewerage projects totaling Rs 230 crore.
Auto stocks: To encourage the use of electric mobility in India, the federal government has unveiled a new programme with a total expenditure of Rs 500 crore.
IIFL Finance: The business authorized the issuance of up to Rs 1,500 crore in shares and up to Rs 500 crore in non-convertible notes (NCDs) via private placement.
Vedanta: The business intends to file an appeal against the Sebi ruling compelling it to provide Cairn UK Rs 77.6 crore.
PC Jeweller: The company’s request for a one-time payment of outstanding debts has been approved by the State Bank of India.
