Stocks To Watch On April 16: Equity markets took a beating on Monday with indices losing over 1% as the escalating conflict in the Middle East and weak trends from global markets unnerved investors. In today’s trade, shares of RIL, Jio Financial, JSW Infra, Cipla, Gujarat Gas among others will be in focus due to various news developments.
Results today: Crisil, Den Networks, Integra Essential, Lotus Choclate and SG Mart to announce Q4 earnings today.
Angel One, Hathway Cable, ICICI Lombard General Insurance, Just Dial and Tata Communications to report results on Wednesday.
Jio Financial: The Mukesh Ambani-led company plans to venture into the stockbroking and wealth management business through an equal joint venture (JV) with US-based BlackRock. Earlier, the two had agreed to a Mutual Fund JV, they awaiting Sebi’s approval for a licence.
Vodafone Idea (Vi): Amid the ongoing Rs 18,000 crore FPO, the company’s CEO Akshaya Moondra said Vi plans to spend Rs 5,720 crore to launch 5G wireless network in the next 24 months.
Vedanta: Has secured an 11-year term loan of Rs 3,918 crore from Power Finance Corporation. The financial closure will enable Vedanta to expedite completion of its power projects.
Aster DM Healthcare: Plans to invest around Rs 1,000 crore in India to expand its bed capacity of over 6,600 in the next three years. The healthcare company plans to add 1,700 beds by 2026-27 through organic and inorganic routes.
Brigade Enterprises: To invest Rs 400 crore to build an office complex in Chennai. It has entered into a Joint Development Agreement (JDA) with Chennai-based Agni Estates & Foundations.
Cipla: The company’s consumer healthcare arm has signed a business transfer agreement (BTA) for the purchase of the distribution and marketing business undertaking of cosmetics and personal care business of Ivia Beaute Private, which includes brands like Astaberry, Ikin, and Bhimsaini on a worldwide basis.
Ambuja Cements: In its bid to expand its footprint in the South Indian market, Ambuja to buy grinding unit in Tamil Nadu for Rs 413.75 crore from My Home Industries.
Bank of India: Inks a pact with Indian Mortgage Guarantee Corporation (IMGC) to provide mortgage guarantee-backed home loan products in the affordable housing segment.
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