HomeMarketsIndian MarketsStocks to watch: Bharti Airtel, SpiceJet, SAIL, Vodafone Idea, Wipro and others

Stocks to watch: Bharti Airtel, SpiceJet, SAIL, Vodafone Idea, Wipro and others

The Singapore Exchange’s Nifty futures contract forecasts a flat opening for domestic shares. The contract was worth 17,492.50 at the time of writing, up 4.5 points or 0.03% from the previous close.

Vodafone Idea: The Vodafone Idea Board of Directors has granted 12,000 unsecured, unrated, and unlisted optionally convertible debentures (OCDs) with a face value of Rs 10,00,000 each to ATC Telecom Infrastructure.

SpiceJet: Carlyle Aviation Partners will purchase a 7.5 percent interest in SpiceJet by converting outstanding debt and acquiring a stake in the cargo sector in order to lower the airline’s debt by $100 million. Apart from that, the airline would raise up to Rs 25,000 crore through the qualified institutional buyer (QIB) method.

Bharti Airtel: Chairman Sunil Bharti Mittal stated that due to the low return on capital in the telecom industry, a rate increase is expected by the middle of this year. Despite robust balance sheets and significant capital infusions, this industry’s return on capital is quite poor, he noted.

SAIL: The company’s subsidiary, Bhilai Steel Factory, has received orders from the UAE to produce huge quantities of exceptional-grade plates. The company has secured a 10,000-tonne export order for plates that meet European and American criteria.

Wipro: The IT behemoth launched four key global business lines as it seeks to strengthen alignment with customers’ shifting business objectives and capitalise on new possibilities in high-growth market areas. The new approach is centred on cloud computing, corporate technology, and business transformation.

Tanla Platforms: At the Mobile World Congress (MWC) Barcelona 2023, the company unveiled Wisely ATP, a one-of-a-kind SMS phishing security solution.Wisely ATP is a one-stop platform for thoroughly combating the threat of SMS phishing.

Brigade Enterprises: The company announced ambitions to expand its managed office brand, BuzzWorks.  According to management, BuzzWorks provides a value-added service to our office occupiers who are searching for flexible office space.

Mastek: The business has signed an agreement with Netail to bring AI-powered digital transformation to the retail and consumer industries. According to the management, the alliance will assist e-commerce and omni-channel businesses in optimising their retail value chains and attracting, converting, and retaining digital consumers.

Aryan Jakhar
Aryan Jakhar
Aryan Jakhar is an Indian Journalist with over two years of active working experience. Aryan is currently working as editor-in-chief at BusinessHeadline.in and he is reachable on contact@businessheadline.in
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