Stock News Weekly

March 5, 2022

Stock News Weekly

Sto cks in the news this week are Vodafone, Reliance,Hero Motocorp and many more.

Vodafone Idea: The governing body of the telecom administrator has supported gathering pledges of Rs 4,500 crore on a particular premise, through its advertisers. It has chosen to give more than 338.3 crore value shares at an issue cost of Rs 13.30 per offer to Euro Pacific Securities, Prime Metals, and Oriana Investments Pte Ltd. The organization has likewise accepted the board’s endorsement for extra gathering pledges of Rs 10,000 crore through private arrangement or qualified establishments.

Reliance Industries : Reliance Industries and Sanmina structure fabricating joint endeavors in India. Reliance Industries’ arm Reliance Strategic Business Ventures to hold 50.1% in Sanmina JV. Reliance Strategic Business Ventures to put up to Rs 1,670 crore in Sanmina JV. Sanmina JV will be promoted with more than $200 million of money to subsidize development. Sanmina JV will focus on innovative infra remembering 5G for India.

Punjab and Sind Bank: EGM to give particular offers to the legislature of India. The bank said an uncommon comprehensive gathering of the investors is planned for March 31, for passing a special issue of value offers to the public authority of India. The special issue is worth Rs 4,600 crore. The stock has declined by 14% in the beyond one year and is down 13% in the beyond one month.

Hero MotoCorp: Appointed another central data and computerized official. The world’s biggest bikes and bikes maker has designated Reema Jain as chief information and digital officer to lead innovation driven business change. She will additionally reinforce the organization’s drives, for example, IT-related foundation, key preparation, adjusting computerized techniques including the utilization of trendy advances. The stock lost 4.3 percent on March 2 and has deteriorated by 30% in the past one year.

Vedant Fashions: Company reports 24% leap in net benefit. Ethnic wear brand Manyavar administrator timed solid 24.1 percent year-on-year development in merged benefit at Rs 127.8 crore on solid in deals and working pay in the quarter finished December 2021. Income during the quarter developed by 28% year-on-year to Rs 384.8 crore. The organization enlisted 24.5 percent YoY development in EBITDA at Rs 191.5 crore for the quarter.