Stocks to watch: Shares of firms like Tata Motors, Axis Bank, RIL, Yes Bank, Muthoot, Jana SFB, and others will be in focus on Tuesday’s trade.
Stocks To Watch On April 9: Benchmark indices reached their fresh record highs on Monday, amid optimism in global markets. In today’s trade, shares of Gland Pharma, Axis Bank, Tata Motors, UCO Bank, Jana SFB among others will be in focus due to various news developments.
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Axis Bank: Private equity firm Bain Capital to sell remaining holding in Axis Bank via block deal today, in the price range of Rs 1,071 – Rs 1,076 per share.
Tata Motors: The auto major’s Jaguar Land Rover (JLR) sales rose 11 per cent YoY in Q4 to 114,038 units, driven by increased production and sustained global demand. For the full year FY24, sales grew by 22 per cent to 431,733 units.
Reliance (RIL): The company’s telecom arm – Reliance Jio continued to strengthen its position, adding 3.59 million new users in February thus cornering up to 40% of the market share, according to the latest data from the Telecom Regulatory Authority of India (Trai).
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Auto: According to the Federation of Automobile Dealers Associations (FAdA), the decision by the RBI to keep the repo rate unchanged for 14 months will “badly impact” retail auto sales.
Yes Bank: Received Rs 244 crore from a single trust in its Security Receipts Portfolio, following the sale of the NPA Portfolio to JC Flower ARC in December 2022.
Muthoot Microfin: Kochi-based microfinance institution, Muthoot Microfin’s assets under management (AUM) posted a 32 per cent YoY growth in the March 2024 quarter to Rs 12,194 crore.
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Dilip Buildcon: Won an order worth of Rs 1,092 crore from Haryana Rail Infrastructure Development Corp on EPC mode.
CG Power: Bhopal GST and Excise authorities have sent a Rs 4.1 crore tax notice to the company for allegedly wrongly availing and reversing input tax credit in FY19.
Gland Pharma: Two entities – Nicomac Machinery and RP Advisory Services – are likely to sell upto 4.4% stake in Gland Pharma through block deals on Tuesday, according to news reports.
UCO Bank: UCO Bank’s total deposits rose 5% to Rs 2.6 lakh crore, while advances increased 16% to Rs 1.87 lakh crore in the quarter ended March 2024.
Jana SFB: Rajesh Rao has resigned as the Chief Operating Officer (COO) of Jana Small Finance Bank with effect from July 5.
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