Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
MARKETS

Stocks in Focus: Wipro, Vodafone Idea, Bandhan Bank, IDFC First Bank, and Others

Picture Source: Internet

The GIFT Nifty futures, an early indicator of the Nifty50 index, were trading 0.23% higher by 52.50 points at 22,674, indicating that the domestic benchmark indices are likely to make a positive start on Monday. 

On Friday, 5 April, Domestic benchmark indices S&P BSE Sensex gained 20.59 points, or 0.03%, to end at 74,248.22, while the Nifty50 traded higher by 0.95 points, settling at 22,513.70. 

Here are some stocks that are likely to remain in focus on 8 April.

Wipro: The company has announced that CEO Thierry Delaporte will resign one year before the completion of his five-year term. Srinivas Pallia, who heads the company’s America-1 unit, will succeed him as the new CEO. 

Vodafone Idea: The Board of Directors of the company has approved the issuance of up to 139.54 crore shares at Rs 14.87 each to Oriana Investments. 

Bandhan Bank: Chandra Shekhar Ghosh, MD and CEO of the bank, has announced his plans to retire from his service after completing his tenure on 9 July 2024.

IDFC First Bank: The Reserve Bank of India has imposed a Rs 1 crore penalty on the company for non-compliance with certain regulatory measures.

United Breweries: The company has received a tax demand of over Rs 263.70 crore from the Maharashtra State Goods & Service Tax Department. 

Zee Entertainment: Punit Goenka, the company’s MD and CEO, has proposed a plan to the board for implementing a more lean and streamlined management structure. 

Adani Group: Gautam Adani-led Adani Group has announced its plans to invest Rs 2.3 trillion in renewable energy and manufacturing capacity by 2030.

Get Daily Prediction & Stocks Tips On Your Mobile