The domestic stock market is poised to begin the shortened week on a cautious tone, following tiredness and a time-wise decline last week. However, a few stocks will receive a lot of attention as individual corporate developments take place. Here are a few stocks to consider today.
Zomato: The company stated it is in talks with Paytm about acquiring the latter's movie and ticketing business. It stated that there is no binding decision at this time that would require Zomato board approval and subsequent disclosure in compliance with applicable law.
Hindustan Aeronautics Ltd (HAL): HAL shares are under focus after the Ministry of Defence published a Request for Proposal (RFP) for the procurement of 156 Light Combat Helicopters. This included 90 units for the Indian Army and 66 for the IAF.
Paytm: The stock is in the headlines after Non-Executive Independent Director Neeraj Arora resigned from his position. Paytm named Rajeev Krishnamuralilal Agarwal as the company's Non-Executive Independent Director.
Le Travenues Technology: The parent company of Ixigo will list its shares on the BSE and NSE today. The firm raised Rs 740.10 crore through its primary offering, which included a new share sale of Rs 120 crore and an offer-for-sale (OFS) of up to 6,66,77,674 equity shares.
Wipro and GBST: a global provider of wealth management and advice solutions technology for the financial services industry, have formed a strategic partnership to provide end-to-end administration services to superannuation, wealth, and pension companies transitioning from legacy IT environments.
Ashoka Buildcon: The company's credit rating for long-term bank facilities (Rs 200 crore) is CARE AA-/Stable, and for long-term/short-term bank facilities (Rs 500 crore), it is CARE AA-/Stable/CARE A1+.
Vodafone Idea and Indus Towers: Reuters claimed that Vodafone Idea is aiming to sell its whole $2.3 billion investment in Indus Towers in block sales. The share, worth 21.5% and held by several organizations, may be disposed entirely or partially depending on market demand.
IIFL Finance: The NBFC stated that the special RBI audit has been finished and that it is awaiting the RBI's evaluation and anticipates good action soon. IIFL Finance recorded a net profit after tax of Rs 431 crore (before non-controlling interest) for the March quarter, down 6% year on year.
