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Home News Stocks to Watch: Adani Ent, HDFC, Adani Green, L&T, Nestle India

Stocks to Watch: Adani Ent, HDFC, Adani Green, L&T, Nestle India

Adani Ent,

Adani EnterprisesAMG : Media Networks, owned by billionaire Gautam Adani, has paid 48 crores for a 49 percent stake in the Raghav Bahl-curated digital business news platform Quintillion Business Media Pvt Ltd. Adani Enterprises Ltd. stated in a stock exchange filing that the acquisition, which was first announced in May of last year, has been completed by its subsidiary, AMG Media Networks Ltd. It stated that the transaction was concluded on March 27 and cost “47.84 crore.” The business media news platform Bloomberg QUnit, which is now known as BQ Prime, is run by Quintillion.

HDFC: On Monday, HDFC’s board of directors approved the private placement of 57,000 crore in non-convertible debentures. Additionally, the board approved a 6.50 lakh crore increase in the company’s total borrowing capacity. HDFC has emerged as one of the NBFC sector’s most consistent performers, supported by its solid fundamentals. It is being viewed as a positive step to raise capital. In its administrative documenting, HDFC said, the top managerial staff “endorsed the issue of unstable redeemable non-convertible debentures under the Rack Arrangement Notice, total 57,000 crores.”

Adani Green Energy:Adani Green Energy will be included in the second phase of the long-term Additional Monitoring Measures (ASM) framework beginning on Tuesday, according to the leading stock exchanges NSE and BSE. In two separate booklets, the trades said Adani Efficient power Energy will go on in the ASM structure yet will move to the particular more elevated levels from Walk 28. On Friday, Adani Transmission transitioned from Stage II of the Long-Term ASM Framework to Stage I.

L&T :On Monday, Larsen & Toubro (L&T) reported that new orders in domestic and international markets had been placed for its power transmission and distribution division. “For its power transmission and distribution business, L&T Construction has secured significant orders,” the company stated in a statement. Orders valued between 2,500 and 5,000 crores fall into the company’s classification, which classifies them as large orders. According to the statement, the business has received orders in Rajasthan, Gujarat, and Chhattisgarh in India, as well as Saudi Arabia and Malaysia in international markets.

Nestle India: For the quarter ending December 2022, or Q3FY23, Nestle India declares an equity dividend of 1000.00% on face value 10 or 100 per share. At the current share price of 18,863.90, it provides a dividend yield of 0.53%. Over the course of the past five years, the business has consistently declared dividends with good results. Since May 31, 2001, Nestle India Limited has paid out 66 dividends, according to Trendline data.

Trident:Due to significant deals, Trident, a leading textile manufacturer, experienced sharp selling on Monday on the NSE. Through a block deal, the Trident Limited Employees Welfare Trust sold approximately 1.23 million equity shares in Trident. 31.89 billion These offers were purchased by advertiser Madhuraj Establishment in the open market. On March 27, Trident Limited Employees Welfare Trust made a one-time sale of 123,85,000 Trident equity shares for Rs. 25.75 rupees per equity share, or — 31.89 crores.

ndtv : NDTV Ltd., which is owned by the Adani Group, announced on Monday that it has appointed Deepali Goenka, CEO and MD of Welspun India Ltd., and Upendra Kumar Sinha as independent directors. In a regulatory filing, the news broadcaster stated that Sinha and Goenka’s appointments have been approved by the board immediately. According to NDTV, both have been appointed as non-executive independent directors for a two-year term beginning March 27, 2023, and ending March 26, 2025.

Aditya Birla Capital : Aditya Birla Capital Restricted (ABCL), a combination under Aditya Birla Gathering, on Monday reported the offer of its whole stake in Aditya Birla Protection Specialists Restricted (ABIBL), a dematerialized auxiliary of the organization. The company stated in an exchange filing that the sale involves the transfer of all but 25.65 lakh Rs shares. 10/- each to ADME SERVICES PVT LTD, a subsidiary of Samara Capital Group and an affiliate of Samara Alternative Investment Fund, for 50.002% of ABIBL’s issued and paid-up share capital.

Emami: The Emami Limited Board of Directors approved the buyback of up to 186 crores of shares on March 24. On March 24, the company informed the stock exchanges that the buyback proposal for 41.3 lakh equity shares with a face value of Rs. each for a total cost of 450 shares. The buyback price is about 29.17 percent higher than the closing price of 450 today. The company decided on April 12, 2023, as the official start date for the buyback at a meeting on March 27, 2023.

Schaeffler India: Over the next three years, the company intends to invest 1,500 crore in capacity expansion, which will include the construction of a new Hosur facility at a cost of Rs. 300 billion Abhishek Gaushinde, Deputy Vice President – Research, Sharekhan by BNP Paribas, made the following statement regarding Schaeffler’s capex strategy: “While Schaeffler has been a leading player in the domestic bearings segment, it is also receiving good orders from the overseas market.” In comparison to 12.9% in CY21, exports contributed 16.9% to its topline in CY22. Its engineering expertise and cost-effective production capabilities support the expansion of export revenue.


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