Today’s newsworthy stocks include Mahindra, HCL, Ambuja Cements, Vedanta, Hindustan Unilever, LIC, and Aster DM Healthcare

LIC, Hindustan Unilever, Vedanta, Aster DM Healthcare, Mahindra Susten, HCL, and Ambuja Cements are stocks to keep an eye on today. On April 15, 2024, the benchmark Sensex and Nifty fell more than 1% as investors were uneasy due to escalating tensions in the Middle East and gloomy trends in global markets.

Hindustan Unilever and LIC

The exchanges were notified by Life Insurance Corporation (LIC) that the company had raised its ownership in Hindustan Unilever Limited from 4.99 percent to 5.01 percent. The insurance giant acknowledged that it had increased its stock investment in Hindustan Unilever from 11,74,63,555 to 11,77,18,555. HUL’s shares finished at Rs 2,194.60 on the BSE, while LIC’s shares closed at Rs 961.15 each.

Yoga

According to reports, Vedanta Ltd has obtained an 11-year term loan from Power Finance Corporation Ltd (PFC) for Rs 3,918 crore. According to sources, the finance would enable the mining company to boost its power business’s operational capacity in India to 4.8 GW by fiscal year 27. Meenakshi Energy Ltd. was acquired by Vedanta Group on December 28, 2023, via an NCLT-driven insolvency procedure.

Healthcare Aster DM

A dividend of Rs 118 per share was recommended by the board of Aster DM Healthcare. The firm plans to add 1,700 beds by 2026–2027 via both organic and inorganic avenues, giving it a bed capacity of over 6,600 in the next three years. The group seeks to invest over Rs 1,000 crore in growing its companies in India.

Mahindra Maintains

Mahindra Susten established a Rs 1,200-crore 150-megawatt solar wind energy facility in Maharashtra, confirming its intentions to join the hybrid renewable energy market. A 150 MW hybrid RE (renewable energy sun + wind) project will be developed by Mahindra Susten, a division of the Mahindra Group, with an estimated project cost of about Rs 1,200 crore.

HCL Technologies

HCLTech’s revenue is expected to expand by 8% in FY24–27, according to Fitch, which has maintained its “A-” rating with a stable outlook. The company’s revenue is expected to expand by around 8% in FY24–27, according to the credit rating agency. In FY25–27, it anticipates spending between $100 and $200 million annually on mergers and acquisitions.

Ambuja Cement

For a total estimated cost of Rs 413.75 crore, the grinding mill of My Home Group in Tamil Nadu has been purchased by Gautam Adani-led Adani Group’s Ambuja Cements. The Tuticorin Port is not far from the property. According to a statement from Ambuja Cement, “this acquisition gives customers to the southern market an opportunity to experience and instill their trust in one of the most iconic and trusted brands – Ambuja Cement.”