Stocks in News

 

Stocks in News: Key Updates on Vedanta, Infosys, Ola Electric, and More

Stay updated with the latest stock market news as companies make significant announcements and strategic moves. Here are the top developments:

1. Vedanta

• Vedanta’s promoters will retain over 50% stake in each of its demerged entities.
• The move aims to create pure-play companies better positioned for market opportunities.

2. Swelect Energy

• Secured orders exceeding 150 MW for high-efficiency TOPCon Bi-facial solar PV modules.
• This strengthens the company’s presence in the solar energy sector.

3. Ola Electric

• Announced a 'Holi Flash Sale' on its S1 Range e-Scooters.
• Discounts:
  • S1 Air – Up to ₹26,750 off
  • S1 X+ (Gen 2) – Up to ₹22,000 off

4. Coromandel International

• Board approved the acquisition of a 53.13% stake in NACL Industries.
• Purchase price set at ₹76.70 per share.

5. Zydus Lifesciences

• Zynext Ventures invested in Illexcor Therapeutics.
• Focus: Advancing a novel oral therapy for sickle cell disease.

6. Jaiprakash Associates

• Assigned its outstanding debt to National Asset Reconstruction Company (NARCL).
• This marks a key financial restructuring move.

7. BEML

• Signed two Memorandums of Understanding (MoUs) to expand its presence in:
  • Rail sector
  • Dredging sector

8. Infosys

• Announced an expansion of its strategic collaboration with Citizens.
• Objective: Driving AI-led transformation.

9. NHPC

• Will consider a borrowing plan for raising debt for FY 2025-26.
• Decision to be taken on March 19.

10. BEL (Bharat Electronics Limited)

• Secured a massive ₹2,463 crore order from the Indian Air Force.
• The order is for Ashwini Radars, strengthening India’s defense capabilities.

Final Thoughts

These developments indicate a dynamic market with key investments, strategic partnerships, and expansions across industries. Investors should track these stocks closely for potential opportunities.

Stay tuned for more stock market updates!