Stocks in Focus on April 24: Ashok Leyland, Yes Bank, IndiGo to Tata Motors; here are expected 5 Newsmakers of the Day
Stocks in Focus on April 24: Ashok Leyland, Yes Bank, IndiGo, Mahindra & Mahindra (M&M) and Tata Motors are expected five newsmakers throughout the intraday trade session.
Stocks in Focus on April 24: At the stock markets, the Sensex at the Bombay Stock exchange surged 484 points, or 1.5 per cent, to close at 31,863, on Thursday, April 23, 2020. The Nifty at the National Stock Exchange jumped 127 points, or 1.4 per cent, to end at 9,314. But certain stocks came in news after the market was closed and can impact the indices when it reopens on Friday, April 24, 2020. List of such five stocks:
Ashok Leyland: Hinduja Group flagship Ashok Leyland Ltd has acquired 3.36 per cent of the equity of its subsidiary Hinduja Leyland Finance Ltd for Rs 187.97 crore. The shares were purchased at Rs 119 per equity share. With this, the shareholding of Ashok Leyland in the finance company has gone up from 65.45 per cent to 68.81 per cent.
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Yes Bank: Yes Bank Ltd has plans to raise funds of at least Rs 5,000 crore.
Tata Motors: JLR will restart some production in Europe from May 18. The work will start at one of its three British car plants and its factory in Slovakia, where the new Defender vehicle is being made.
Mahindra & Mahindra (M&M): The board of M&M on Thursday approved issuance Non-convertible Debentures (NCDs) worth Rs 1,000 crores.
InterGlobe Aviation (IndiGo): IndiGo has reversed its decision to cut the salaries of its employees in April. All workers at the budget airline, barring senior executives who volunteered for pay cuts, will now receive their full salary for April.
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