Stocks to watch: Muthoot Finance, RIL, UCO Bank, Prakash Industries, Airtel

By SI Reporter10 days ago

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Nifty futures on the SGX traded at 14,930, up 0.45 per cent, around 8.25 am, indicating a positive start for the benchmark indices on Thursday.

Here are the top stocks that are likely to be in focus today:

Muthoot Finance: The company is planning to raise Rs 1,700 crore through public issue of secured redeemable non-convertible debentures. The issue opens on April 8 and will close on April 29.

Reliance Industries: Sebi imposed a total penalty of Rs 25 crore on Mukesh Ambani, Anil Ambani, other individuals and entities for non-compliance with takeover norms in a Reliance Industries case dating back to 2000. READ HERE

Ashok Leyland: The company said it has decided to form two new subsidiaries as part of its plans to strengthen green transport solutions. The first unit -- Switch Mobility Automotive Ltd -- is being formed to carry on the electric vehicle strategy in India and forms part of its global entity. The second subsidiary -- OHM Global Mobility Pvt Ltd -- will focus on providing mobility as a service offering.

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