Close Watch On Indian Stocks: TCPL, PNB, ONGC, IndiGo, SBI, And More

Close Watch On Indian Stocks: TCPL, PNB, ONGC, IndiGo, SBI, And More
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On Tuesday, the Russian Federation made a statement vowing that it will reduce its military activities surrounding the Capital of Ukraine, Kiev, as well as the Northern part of the country. There are high prospects of a resolution and a complete stop to the Russia-Ukraine War, on account of the vow made by Russia, leading to intense rallies in the International Stock market.

A few of the Indian Stocks that have to kept under a close watch prior to trading: 

  • The Fast Moving Consumer Goods (FMCG) Company, Tata Consumer Products Limited (NSE: TATACONSUM), stated that all of Tata Coffee Limited (NSE: TATACOFFEE) operations will be incorporated within TCPL. This is a strategy for the company to reorganize itself, aimed at strengthening the corporations and productivity of the two organizations.

  • The Indian Nationalized Bank, Punjab National Bank (NSE: PNB), made a statement that the company’s Board Of Directors (BOD) have provided authorization for a plan to raise around Twelve Thousand Crore Rupees. It will be done by selling Bonds to finance business development. 

  • The Government of India seeks to raise around Three Thousand Crore Rupees, and in order to do so it will make a sale of around 1.5% of its ownership in the Oil and Natural Gas Corporation Limited (NSE: ONGC), which is the Indian Government-owned crude oil and natural gas corporation. 

  • The Low-cost Airline, InterGlobe Aviation Limited (NSE: INDIGO), commonly known as IndiGo, has announced that the company’s Chief Financial Officer (CFO) position which was handled by Jiten Chopra, will be taken over by Gaurav Negi.

  • The Indian multinational public sector bank and financial services company, State Bank of India (NSE: SBIN), made an announcement that it will purchase the 13% shares, owned by Bank Of Maharashtra (BOM), Union Bank of India (UBI), and Small Industries Development Bank of India (SIDBI), in the SBI Global Factors Limited (SBIGFL).

  • The motorcycle and scooter MNC, Hero MotoCorp Limited (NSE: HEROMOTOCO), announced that on the 5th of April onwards, the price of their two-wheeler vehicles will increase by around Two Thousand Rupees. However, the company’s share prices plummeted when news came out about the discovery of some bogus costs that were claimed by the firm. 

  • The subsidiary bank of the Life Insurance Corporation (LIC), IDBI Bank Limited (NSE: IDBI), made a statement that its Board members have given the authorization for a bond borrowing limit of around Eight Thousand Crore Rupees, for the coming Fiscal Year (FY).

Also Read: Amazon Stock price Up 7% in March – Time to Buy AMZN Stock?


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