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Markets are likely to remain stock-specific on Thursday, 9 April, amid a mix of corporate actions, government approvals, and business updates.
These stocks will remain in focus in the cash segment. Anand Rathi Wealth will announce results, and the board will also consider a bonus issue and dividend.
The company reported steady billings growth. Standalone billings rose 7.4 per cent to Rs 1,057 crore. Recruitment solutions grew 9.5 per cent, while Jeevansathi saw strong 21 per cent growth. However, Shiksha billings declined 12.9 per cent.
The company will acquire the entire stake in Bosch Chassis Systems India from Robert Bosch for around Rs 9,069 crore. The deal includes both cash and non-cash components. This will strengthen its vehicle motion portfolio in India.
The company will be in focus after the Cabinet approved around Rs 79,459 crore for the Rajasthan refinery project. The refinery will have a capacity of 9 MMTPA.
The company has secured orders worth around Rs 2,518 crore across multiple business segments.
The company’s contract from NALCO for railway siding work has been increased to around Rs 119 crore.
The company has received US FDA approval for Dapagliflozin and Metformin Hydrochloride tablets used in the treatment of type 2 diabetes.
The company has acquired international sports footwear brand SPRANDI for India and select markets. The brand will be launched across online and retail channels.
The government has approved an investment of around Rs 26,070 crore for a 1,720 MW hydropower project in Arunachal Pradesh.
The company has signed a non-binding agreement with Électricité de France (EDF) for developing nuclear power projects in India.
Promoters will sell a 6.63 per cent stake via an OFS. The floor price is set at Rs 18 per share.
Fertilizer stocks will be in focus after the government approved around Rs 41,534 crore under the nutrient-based subsidy scheme. Gas supply to plants has also been increased to 95 per cent.
Railway stocks may see action after Cabinet approval of Rs 13,038 crore for Jaipur Metro Phase-2 project.