HUL, Future Retail, Dr Reddy’s, Bharti Airtel among stocks to watch out for on March 10

Mar 10, 2022

By: Bhakti Makwana

Hindustan Unilever

The fast moving consumer goods (FMCG) major rejigged its top management. Madhusudhan Rao has been appointed as executive director, beauty and well being and personal care, and Deepak Subramanian as executive director, home care.

Credit: BCCL

Dr Reddy’s Laboratories

The pharma major reportedly said on Wednesday that it was focused on employee safety and business continuity in and around Russia, despite many Western companies pulling out from Russia in recent days.

Credit: BCCL

Future Retail

The company informed that it has received certain termination notices in respect of sub-leased properties of Reliance (RIL). So far notices have been received for 342 large format stores and 493 small format stores. Historically, these stores accounted for 55-65 percent of retail revenue operations of the company.

Credit: Pennar-Industries

Pennar Industries

The company’s board has approved share buyback at ₹50 per share with an aggregate amount of ₹40 crore.

Credit: Pennar-Industries

PNB Housing Finance

The housing finance company has reportedly approved fundraising of up to ₹2,500 crore through a rights issue.

Credit: BCCL

Biocon

CRISIL has placed AA rating on the long-term bank facilities of the company on 'watch with developing implications'. The rating on the short term bank facilities has been reaffirmed at 'CRISIL A1 '.

Credit: BCCL

NTPC

The state-owned power generation company has informed investors that 660 megawatt unit-3 of its subsidiary Nabinagar Power Generating Company has successfully completed trial operation.

Credit: NTPC

Bharti Airtel

The company has made an agreement to acquire around 9 percent equity stake in Avaada CleanTN Project.

Credit: BCCL

Raymond

Former Godrej Consumer Products executive Sunil Kataria has joined Raymond as the chief executive officer of its lifestyle business.

Credit: BCCL

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