Axis Bank, Reliance, Tata Steel, Godrej Properties
Here is the list of the top 10 stocks likely to take center stage on Thursday:
Axis Bank: Axis Bank announced on Wednesday that it will acquire Citi’s US-based consumer business in India for ₹12,325 crores in one of the biggest deals in Indian financial services, which will help it bridge the gap with bigger peers like ICICI Bank and HDFC Bank.
Ceat, Apollo, ContinentalIndia’s antitrust agency on Wednesday raided the offices of tire makers including Germany’s Continental AG and India’s Apollo Tires and CEAT in a case of alleged competition law violations, four sources told Reuters.
CGSB: The SFO will open its doors to retail investors on Thursday. As many shares of 94.35 lakh (1.88 crore with greenshoe option) are reserved for retail investors.
Bharti Airtel, Vodafone idea: The telecom subscriber base in the country declined slightly to 116.94 crore in January this year, mainly due to the loss of a whopping 93.22 lakh mobile phone users by the largest provider of telecommunications services Reliance Jio, according to the latest data released by TRAI on Wednesday. Bharti Airtel was the only net gainer with the addition of 7.14 lakh users to its mobile services. Vodafone Idea lost 3.89 lakh wireless subscribers.
Addiction: The company led by Mukesh Ambani is expected to achieve a record price of around $10 per MMBtu for KG gas, as the government-dictated natural gas price will be revised on April 1.
Tata Steel: Tata Steel is set to acquire ferrous alloy production assets from Odisha-based Stork Ferro and Mineral Industries to ₹155 crores in an all-cash deal, the company informed on Wednesday. As such, an asset transfer agreement has already been signed between the two companies.
Properties of Godrej: Real estate company Godrej Properties Ltd announced on Wednesday that it has acquired a 9-acre plot of land in Pune to develop a housing project with an estimated income of ₹1,400 crores. The project located at Pimpri-Chinchwad in Pune will have a developable potential of approximately 1.7 million square feet of salable area, with an estimated revenue potential of approximately ₹1,400 crore, the company said in a regulatory filing.
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