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Stocks to Watch: Voda Idea, Eureka Forbes, SpiceJet, Jana SFB, Bandhan Bank, and Others – News18

Last Updated: February 23, 2024, 08:24 IST

Stocks To Watch on February 23: Domestic equities staged a strong recovery on Thursday, with Nifty notching up a fresh all-time high on the back of improving domestic macro indicators and positive global cues. In today’s trade, shares of Eureka Forbes, Vodafone Idea will be in focus.

Vodafone Idea: Board to meet on February 27 to consider fundraising proposals.

SpiceJet: The Delhi High Court on Thursday asked the low-cost carrier to return the engine leased to Engine Lease Finance BV, in Belgium, at its own expense by March 10 after settlement talks between the parties failed.

Meanwhile, SpiceJet said it successfully raised a second tranche of Rs 316 crore under the preferential issue of equity and warrants.

Jana Small Finance Bank: Q3 net rose 12.8 per cent year-on-year (YoY) to Rs 134.64 crore when compared with Rs 119.34 crore in the year ago period. Net interest income was up 24.4 per cent YoY at Rs 548.5 crore.

Ashok Leyland: Said it achieved the production milestone with the rollout of its three millionth vehicle.

Angel One: Plans to raise Rs 2,000 crore to tap opportunities in the fintech space. The brokerage intends to expand its offerings beyond equity and mutual funds.

Tata Elxsi: Announced a strategic partnership with Accuknox, to telecom operators roll out secure 5G networks with inline mitigation and makes the network future-ready for 6G.

Texmaco Rail: Board to meet on February 27 to consider a proposal for raising funds.

Gujarat Ambuja Exports: Fixed March 08 as the record date for the proposed 1:1 bonus issue.

Bandhan Bank: Appoints ex-Citi CEO with over 25 years of experience Rajeev Mantri as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective from February 22, 2024.

Eureka Forbes: Eureka Forbes Ltd promoter Advent International on Thursday sold 10% stake in the company through the open market for Rs 979 crore.

Bharat Forge: The company has infused about Rs 133 crore in Bharat Forge Global Holding GmbH (BFGH), a wholly owned subsidiary of the company.

Vodafone Idea: Vodafone Idea’s board is scheduled to meet on February 27 to consider and evaluate options to raise funds through the equity route.

ONGC: Gift City unit of ONGC Videsh held a non-deal roadshow with debt investors on Thursday.

Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.

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