Stocks To Watch: HDFC Bank, Mazagon Dock, UltraTech, DMart, Zomato, Nestlé, And Others – News18
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Stocks to watch: Shares of firms like HDFC Bank, Mazagon Dock, UltraTech, DMart, Zomato, Nestlé, and others will be in focus on Friday’s trade
Stocks to Watch on April 4
Stocks To Watch On April 4: Domestic markets closed slightly lower on the weekly expiry day, mainly weighed down by weak global cues. In today’s trading session, stocks of HDFC Bank, Mazagon Dock, Bajaj Finance, DMart, and UltraTech Cement will be under focus, owing to various news developments and third-quarter results.
Mazagon Dock
The Indian government plans to sell up to 4.83% of its stake in defense PSU Mazagon Dock Shipbuilders through an Offer for Sale (OFS), which will be available from April 4-7.
HDFC Bank
HDFC Bank’s gross advances rose by 5% YoY, reaching Rs 26.44 lakh crore in the third quarter, while its deposits increased by 16% YoY, totaling Rs 25.28 lakh crore.
Avenue Supermarts (DMart)
Avenue Supermarts reported a standalone revenue of Rs 14,462 crore for the third quarter. The total number of stores stands at 415.
UltraTech Cement
UltraTech Cement’s board has approved the acquisition of 6.42 crore equity shares of Wonder WallCare for an enterprise value of up to Rs 235 crore. The company has signed a Share Purchase Agreement with Wonder Cement and Kushal Sogani for the acquisition.
Zomato
Zomato will change its name and stock symbol to ETERNAL, effective April 9.
Jio Financial Services
Jio Financial Services, in partnership with BlackRock, has subscribed to 6.65 crore equity shares of Jio BlackRock Investment Advisers, a 50:50 joint venture, for Rs 66.5 crore. The funds will support the venture’s business operations.
Nestlé India
Nestlé India has laid the foundation for a new factory in Khordha, Odisha, which will be its tenth in India. The initial phase of the factory will be built with an investment of Rs 900 crore.
GR Infraprojects
The Arbitral Tribunal has awarded GR Infraprojects Rs 106.4 crore from the Government of Bihar for a road project, plus future interest at 12% per annum until the amount is realized.
Thermax
Thermax has entered into a Share Purchase Agreement with Infinite Uptime Inc. for the sale of its stake in Covacsis Technologies for Rs 10 crore. Covacsis will no longer be an associate company.
Jupiter Wagons
Jupiter Wagons’ subsidiary, Jupiter Tatravagonka Railwheel Factory (JTRF), has acquired land in Khordha, Odisha, for a new railwheel and axle forging plant. The project will involve an investment of Rs 2,500 crore over multiple phases, with the plant expected to produce 1 lakh forged wheelsets annually.
Ami Organics
Ami Organics has commissioned a 10.8 MW DC solar power plant as part of its solar facility in Pratapnagar, Gujarat. The plant includes two captive solar plants, each with a capacity of 5.4 MW.
Sai Life Sciences
Sai Life Sciences has inaugurated its Peptide Research Center at its R&D campus in Hyderabad.
Paras Defence and Space Technologies
Paras Defence has signed a strategic MoU with Israel’s MicroCon Vision (part of the Rafael Group) to become the exclusive supplier of advanced drone camera technology in India, offering a significantly lower cost.
Balaji Amines
Balaji Amines has commissioned a 6 MW AC solar power plant, which will be operational in phases under grid connectivity. The plant’s power will be used for captive consumption.
Surya Roshni
Surya Roshni has received an order worth Rs 116.15 crore from GAIL India for the supply of coated pipes (HFW 355.60 X 8.7 & 10.3 WT, GR X-70 PSL-2).
Alivus Life Sciences
The USFDA conducted an inspection at Alivus Life Sciences’ API manufacturing facility in Ankleshwar, Gujarat, from January 27-31, 2025. Following the inspection, the USFDA issued an Establishment Inspection Report with a Voluntary Action Indicated status for the facility.
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