Reliance Industries, Bharti Airtel, Wipro and other stocks to watch out for on April 8

Apr 8, 2021

By: Rounak Jain

Reliance Industries

SEBI has imposed a penalty of ₹25 crore on Mukesh Ambani and other members of his family for an issue pertaining to shareholding in 2000.

Credit: BCCL

Bharti Airtel

It has launched Airtel IoT, an integrated platform aimed at enterprises – MG Motor, Paytm, Pine Labs and others are already using these services.

Credit: BCCL

Wipro

It has announced two key appointments – Subha Tatavarti as the Chief Technology Officer and Suzanne Dann as the Senior Vice President, North America.

Credit: Wipro

IRCTC

It has temporarily suspended the Lucknow-New Delhi Tejas Express till April 30 due to an increase in COVID-19 cases.

Credit: BCCL

Hindustan Copper

It has opened qualified institutional placement of its equity shares at ₹125.79 per share, which is at a discount of 13.33 percent to April 7’s closing price.

Credit: Hindustan-Copper

Ashok Leyland

It plans to expand its UK subsidiary – Switch Mobility, to India, aimed at continuing the company’s electric vehicle plans in the country.

Credit: Ashok-Leyland

Vedanta

Its offer to buy back 17.5 percent of equity shares was subscribed 57.5 percent.

Credit: Vedanta

Muthoot Finance

It plans to raise ₹1,700 crore by way of a public issue of secured non-convertible debentures. The issue goes live today and will be open till April 29.

Credit: Muthoot-Finance

Godrej Consumer Products

It expects growth percentage in sales to be around the thirties in the March 2021 quarter on the back of volume and price growth.

Credit: Godrej-Consumer-Products

Prakash Industries

It recorded its highest ever steel sales of 2.72 lakh tonnes, which is a growth of over 31 percent year-on-year.

Credit: Prakash-Industries

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