Stocks to Watch on Monday, April 08, 2024: Equity benchmark indices in India are likely to start trade for the week on a positive note tracking cues from global peers.
At 07:15 AM, Gift Nifty futures quoted around 22,652, suggesting a likely gap-up of near about 50-odd points on the Nifty 50 index.
In Asia this morning, Japan’s Nikkei surged 1.3 per cent. Kospi and Taiwan gained around 0.5 per cent.
Meanwhile, these are the stocks that are likely to be in focus on Monday.
Titan: The Tata group jeweller and watchmaker said its revenue grew 17 per cent in the March quarter, aided by strong demand for its jewelry products.
Adani Group: To invest Rs 2.3 trillion in renewable energy, manufacturing capacity through 2030.
ZEE Entertainment (Zee): Has proposed a new, streamlined management structure to the board to rationalise its workforce by 15 per cent. The firm did not give the number of layoffs.
Nestle India: Board has approved increasing royalty payment to its parent firm by 0.15 per cent annually for the next five years, thereby enhancing it to 5.25 per cent of net sales.
Vodafone Idea: The company’s board on Saturday approved issuance of up to 139.54 crore equity shares at Rs. 14.87 each, aggregating to Rs 2,075 crore to Oriana Investments. The Board also approved an increase in Authorised share capital of the company from Rs 75,000 crore to reference to Rs 1 lakh crore.
IDFC First Bank, LIC Housing Finance: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on IDFC First Bank, and Rs 49.70 lakh on LIC Housing Finance for non-compliance of certain regulatory measures.
United Breweries (UB): The Maharashtra State Goods & Service Tax Department has issued a tax demand of over Rs 263.70 crore, including interest and penalty, to the company.
Bandhan Bank: Chandra Shekhar Ghosh, Managing Director and Chief Executive Officer , of the bank said would retire after the completion of his current tenure on July 9. Ghosh has led the bank since July 10, 2015.
Stocks in F&O ban today: Bandhan Bank, Hindustan Copper, SAIL and Zee Entertainment are the four stocks in futures & options ban period on Monday.
First Published: Apr 08 2024 | 7:34 AM IST