Saturday, April 13, 2024
Home News RIL, Tata Power, Hero MotoCorp, Shakti Pumps, BDL, RVNL

RIL, Tata Power, Hero MotoCorp, Shakti Pumps, BDL, RVNL

RIL,

Stocks to watch today: The SGX Nifty indicated a muted start on Friday at 17,254 levels by 7:35 a.m., despite strong global cues.

As worries about a banking crisis dissipated overnight, US markets soared globally, encouraging fresh technology stock purchases. The S&P 500, Nasdaq Composite, and Dow Jones all experienced gains of up to 0.7%.

The Nikkei 225, Topix, Kospi, S&P 200, and Hang Seng indices all saw gains of up to 2% in Asia-Pacific markets.

 

In the mean time, back home, here are a few stocks prone to see activity in Friday’s exchanging:

Reliance Industries: The group’s lenders and shareholders divided the company’s financial services. With a net worth of Rs 25,851 crore, it is therefore anticipated to become a major player in the NBFC industry. Jio Financial Services will be the name given to the shares of Reliance Strategic Investments following the demerger. Read more

JSW Energy: The company’s wholly owned subsidiary – JSW Neo Energy acquired 1,753 MW of renewable energy assets from Mytrah Energy (India) for over Rs 10,000 crore. Since inception, this is the biggest acquisition made by the company. Read more

 

Tata Power: The company re-appointed Praveer Sinha as the Chief Executive Officer (CEO) and Managing Director of the company. His reappointment to the post is for a period of four years from May 1, 2023 to April 30, 2027. Read more

HPCL: The company entered into an agreement with BPCL’s Mumbai refinery as part of the tie-up through purchase and sale of hydrogen. This partnership between the two oil marketing companies will enable mutual assistance during emergencies in the areas of hydrogen exchange and uninterrupted availability. Read more

 

Shakti Pumps: Rating agency India Ratings and Research has assigned ‘IND A’ rating to the water pump company with a stable outlook. Stable revenue profile, strong distribution network, established market position were some of the rating drivers.

Hero MotoCorp: The two-wheeler company named Niranjan Gupta as its chief executive officer. Gupta, currently the chief financial officer of Hero MotoCorp, was instrumental in building partnerships with Harley Davidson and Zero Motorcycles.

Bharti Airtel: Telecom operator Nxtra Data’s subsidiary Nxtra Data signed agreement to acquire additional 5.4 per cent stake in Avada MH Amaravati for captive power consumption under electricity laws.

Bharat Dynamics: The defense firm has bagged an order worth Rs 8,161 crore from the Defense Ministry for the production and supply of the Akash weapon system to the Indian Army.

Rail Vikas Nigam: The Ministry of Railways awarded the business a Letter of Award (LOA) for the construction and upkeep of the Vande Bharat trainset, which included upgrading government manufacturing facilities and trainset depots.

Mahindra Logistics:With effect from April 1, 2023, the company entered into a business transfer agreement with MLL Express Services (MESPL), a wholly owned subsidiary, for the slump exchange sale or transfer of express network business to MESPL.

 

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