Bharti Airtel, Vodafone Idea, Reliance Industries, Future Retail and other hot stocks on February 28

Feb 28, 2022

By: Rounak Jain

Bharti Airtel

To acquire 4.7 percent stake offloaded by Vodafone Group Plc., in tower company Indus Towers.

Credit: BCCL

Vodafone Idea

To consider various fundraising options on March 3.

Credit: BCCL

Indus Towers

Vodafone Group Plc., has so far offloaded 7.1 percent stake in the company.

Credit: Unsplash

Reliance Industries

Took over the operations of over 200 Future Group stores, and is in the process of absorbing over 30,000 employees to its firms, according to media reports.

Credit: BCCL

Future Retail

Stated that it is going through an ‘acute financial crisis’ due to the ongoing litigation as its tussle with Amazon continues.

Credit: BCCL

IndusInd Bank

Joined hands with TPG Group to form a consortium and bid for IDFC’s mutual fund business, according to media reports.

Credit: BCCL

SJVN

Received in-principle approval to develop 400MW solar park in Kinnaur district in Himachal Pradesh.

Credit: SJVN

Rain Industries

Posted a loss of ₹72 crore in the December quarter as against a profit of ₹322 crore a year ago. Revenue grew by 52 percent to ₹4,026 crore.

Credit: Rain-Industries

Metro Brands

To consider declaration of an interim dividend on March 7.

Credit: Metro-Brands

Taj Hotels’ Qmin food delivery app claims to be the only profitable business among its peers