Stocks To Watch on April 10: Domestic markets scaled new highs on Tuesday even though some profit booking was seen at higher levels. In today’s trade, shares of Axis Bank, Paytm, ABFRL, ICICI Pru Life, Shivalik Rasayan will be in focus.
Maruti: The auto major on Tuesday said it has added a new assembly line at its plant in Manesar, Haryana, which has increased the company’s total manufacturing capacity from 2.25 million units to 2.35 million units.
Paytm: Surinder Chawla, MD and CEO of Paytm Payments Bank has resigned ‘on account of personal reasons’, the company said in a regulatory filing yesterday. The resignation would be effective from June 26.
ICICI Lombard General Insurance Company, PB Fintech: The private insurance major has entered into a strategic partnership with Policybazaar to offer its products on the latter’s platform.
ICICI Prudential Life Insurance Corporation: In an exchange filing said it has received GST notice for Rs 20.50 for FY19 from the Gujarat tax office.
Lupin: The pharma major announced launch of the first generic version of Oracea (doxycycline capsules 40 mg) in the US.
Axis Bank: Private equity major Bain Capital exited Axis Bank after selling the remaining 1% stake in the lender through the open market for Rs 3,574 crore.
Patanjali: Following the controversy surrounding misleading advertisements by Patanjali, Baba Ramdev and Acharya Balkrishna have submitted affidavits to the Supreme Court, offering “unconditional, unqualified” apologies.
ABFRL: The company has incorporated a new subsidiary Aditya Birla Lifestyle Brands for the purpose of proposed demerger of Madura Fashion and lifestyle business of the company.
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