Are you unsure about which stocks to monitor before the markets open? don’t worry; we’re here to help. Below is a thorough overview of the most recent stock-related news to consider before beginning your day. You can have your affair in the stock markets today with these stocks-
Stocks in Focus: From Marico to Delhivery, you can read about all the stocks that may see some action on Monday. Previously, on Friday, the NSE Nifty 50 closed the session 117 points or 0.51% lower at 22,795.90, while the BSE Sensex lost 425 points or 0.56% to close at 75,311.06.
Stocks to watch on February 24, 2025
Marico
Marico expects to deliver a double-digit revenue growth in FY25 helped by sequential improvement with price hikes and better volume, its MD & CEO Saugata Gupta said to PTI. However, he also mentioned that as far as profitability is concerned there is inflationary pressure on the material inputs in the second half of FY25 and the operating margin should be in the “broad region of 20 per cent” helped by a strong and institutionalised cost management system.”
Adani Group
The Adani Group has released its Tax Transparency Reports for the financial year 2023-24, highlighting a substantial increase in its contributions to the exchequer. The group’s total global tax and other financial contributions amounted to Rs 58,104.4 crore, marking a sharp rise from Rs 46,610.2 crore in the previous fiscal year.
Swiggy
Swiggy announced a Rs 1,000 crore investment in its supply chain subsidiary, Scootsy, following board approval. This comes after a Rs 1,600 crore infusion into Scootsy in December, underscoring Swiggy’s aggressive push into supply chain and logistics.
ALSO READUpcoming IPOs this week: 2 new SME issues, 5 listings, and key allotment dates to watch Bharti Airtel
Bharti Airtel announced it will increase its shareholding in Airtel Africa plc, a subsidiary company listed in the UK, by acquisition of upto 5 per cent stake in one or more tranches during FY 2024-25. The acquisition, it added, will be done through Airtel Africa Mauritius Limited (AAML), a step-down subsidiary of the company. AAML presently holds 57.29 per cent of Airtel Africa plc.
Bajaj Auto
Bajaj Auto announced that its board of directors have approved to invest funds up to Euro 150 million (equivalent to Rs 1,364 crore) in Bajaj Auto International Holdings BV,
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