Stocks to Watch: HDFC Bank, ONGC, LIC, Adani Ent, Delhivery, Sula Vineyards

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Here is a list of the 10 most important stocks to watch today:

HDFC Bank: On Tuesday, the private lender HDFC Bank said that the bank’s board of directors plans to raise 50,000 crore through private placements of bonds in the next twelve months. In a regulatory filing, HDFC Bank said that the private lender’s board of directors will meet on April 15, 2023. HDFC Bank plans to get the money by selling perpetual debt instruments, which are a part of Additional Tier I capital, Tier II Capital Bonds, and Long-Term Bonds.

Oil and Natural Gas Corporation Limited (ONGC), which is run by the government, has opened a new gas collecting station (GCS) in its Bokaro coal bed methane block. It is the first station in the Bokaro CBM (Coal Bed Methane) Block to collect and compress gas. GCS-Bokaro is a large production facility in “Patch-A” of the Bokaro CBM Block of the ONGC-IOCL Joint Venture. ONGC is the operator of the JV.

Life Insurance Corporation of India (LIC), a huge insurance company, announced on Tuesday that it had hired PC Paikray as Chief Risk Officer and Ratnakar Patnaik as Chief Investment Officer. The company said that P R Mishra will be replaced by Ratnakar Patnaik, who has been named Chief Investment Officer. P R Mishra has been moved to a different job. In a regulatory filing, LIC said that his new job as CIO began on April 10, 2023.

Adani Enterprises: On Tuesday, Adani Enterprises Ltd (AEL) said it had set up a wholly-owned subsidiary to do business related to coal washing. In a regulatory filing, the company said, “The company has set up a WOS (Wholly-Owned Subsidiary) called Pelma Collieries Ltd (PCL) on April 7 with an initial authorised share capital of 10,000,000 and a paid-up share capital of 5,000,000.” The filing said that the business of the entity will be to develop, build, and run coal washery.

Delhivery: Shares of Delhivery were sold on the market by Internet Fund III Pte Ltd, a venture capital fund run by Tiger Global Management, an investment management company based in the US. According to bulk deal data from BSE, the venture capital fund Internet Fund III Pte Ltd sold 11,753,735 shares on the open market on Tuesday at an average price of 330 per share. As of December 2022, Internet Fund III Pte Ltd owned 3.41 million shares, or 4.68 percent of Delhivery.

Sula Vineyards, which makes the most wine in the country, released sales numbers for the three months ending in March 2023 on Tuesday. In Q4, Sula’s own brands and wine tourism business brought in more money than ever before. According to the regulatory filing, Sula’s sales of its own brands went up by 15% during the March quarter to 104.3 crore from 90.7 crore in the same quarter last year. The number of cases sold under Sula Vineyards’ own brand passed 1 million, and Elite & Premium wines broke the 5 lakh case mark for the first time.

Kalpataru Power Transmission: Between March and April of this year, Kalpataru Power Transmission Ltd (KPTL) and its subsidiaries have received orders worth 3,079 crore. Civil works for a data centre and buildings are worth 1,234 crore, an EPC (engineering, procurement, and construction) order in the railway business is worth 754 crore, and water supply projects in India are worth 708 crore. It also won 233 crore worth of residential and institutional building projects in Africa and 150 crore worth of T&D business orders in overseas markets.

Delta Corp: In Q4 of FY23, Delta Corp, a casino gaming company, made 51.17 crore, which was 6.4% more than the same time last year. Operating performance was not good, which hurt the results. Total revenue went up by 4% year over year to 227.16 crore. On the operating side, EBITDA (earnings before interest, taxes, depreciation, and amortisation) dropped by 12.8% YoY to 60.18 crore. For the quarter as a whole, the overall margin went down by 510 bps to 26.5%.

Abans Holdings: On Tuesday, Abans Investment Managers Pvt Ltd, a subsidiary of Abans Holdings Ltd, announced that it had bought SATCO Capital Markets Limited’s portfolio management services (PMS) business. Since January 2012, SATCO Capital Markets Ltd has managed 80 crore AUM in the SATCO Growth & Momentum Portfolio using its PMS licence. This job will now be done by Abans Broking Services Pvt Ltd. SEBI has given it a PMS licence. Since its start in January 2012, the SATCO Growth & Momentum Portfolio has had a CAGR of 21.6%. The deal is contingent on getting approval from the government.

NLC India: The shareholders of NLC India Ltd have agreed to put Prasanna Kumar Motupalli in charge of the company as Chairman and Managing Director (CMD). The members of NLC India have approved his appointment to the top job, the company said in a filing with a government agency on Tuesday. Lignite is made by NLC India, which is a part of the Ministry of Coal.

Source: Team CurrencyVeda